Exhibit 99.17

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-F

KEY PERFORMANCE FACTORS
May 31, 2001



Expected B Maturity 6/17/02


Blended Coupon 6.2902%



Excess Protection Level
3 Month Average 7.91%
May, 2001 7.84%
April, 2001 7.65%
March, 2001 8.24%


Cash Yield 19.67%


Investor Charge Offs 5.45%


Base Rate 6.37%


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 $706,000,000.00


Seller Participation Amount $4,958,014,468.94