Exhibit 99.13

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-M

KEY PERFORMANCE FACTORS
MAY, 2001



Expected B Maturity 12/15/06


Blended Coupon 4.2660%



Excess Protection Level
3 Month Average 7.67%
May, 2001 7.80%
April, 2001 7.28%
March, 2001 7.94%


Cash Yield 19.67%


Investor Charge Offs 5.45%


Base Rate 6.41%


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 $ 500,000,000.00


Seller Participation Amount $ 4,958,014,468.94