Exhibit 99.18

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-I

KEY PERFORMANCE FACTORS
May 31, 2001



Expected B Maturity 8/16/04


Blended Coupon 6.2582%



Excess Protection Level
3 Month Average 7.87%
May, 2001 7.80%
April, 2001 7.62%
March, 2001 8.20%


Cash Yield19.67%


Investor Charge Offs 5.45%


Base Rate 6.41%


Over 30 Day Delinquency 4.84%


Seller's Interest 8.52%


Total Payment Rate14.20%


Total Principal Balance$58,203,705,030.43


Investor Participation Amount$750,000,000.00


Seller Participation Amount$4,958,014,468.94