Exhibit 99.1

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
May 31, 2001



Expected B Maturity 11/15/01


Blended Coupon 4.4199%



Excess Protection Level
3 Month Average 7.71%
May, 2001 7.64%
April, 2001 7.52%
March, 2001 7.99%


Cash Yield 19.67%


Investor Charge Offs 5.45%


Base Rate 6.57%


Over 30 Day Delinquency 4.84%


Seller's Interest 8.52%


Total Payment Rate 14.20%


Total Principal Balance $ 58,203,705,030.43


Investor Participation Amount $ 1,000,000,000.00


Seller Participation Amount $ 4,958,014,468.94