Exhibit 99.14

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-M

KEY PERFORMANCE FACTORS
APRIL, 2001



Expected B Maturity 12/15/06


Blended Coupon 5.5530%



Excess Protection Level
3 Month Average 7.62%
April, 2001 7.28%
March, 2001 7.94%
February, 2001 7.64%


Cash Yield 19.66%


Investor Charge Offs 4.98%


Base Rate 7.40%


Over 30 Day Delinquency 4.89%


Seller's Interest 9.33%


Total Payment Rate 13.70%


Total Principal Balance $ 58,171,313,434.78


Investor Participation Amount $ 500,000,000.00


Seller Participation Amount $ 5,425,622,873.29