Exhibit 99.10

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-H

KEY PERFORMANCE FACTORS
JUNE, 2001



Expected B Maturity 09/17/01


Blended Coupon 4.2068%



Excess Protection Level
3 Month Average 7.39%
June, 2001 7.00%
May, 2001 7.85%
April, 2001 7.33%


Cash Yield 19.00%


Investor Charge Offs 5.67%


Base Rate 6.32%


Over 30 Day Delinquency 4.78%


Seller's Interest 8.00%


Total Payment Rate 14.15%


Total Principal Balance $ 57,876,901,808.74


Investor Participation Amount $ 1,200,000,000.00


Seller Participation Amount $ 4,631,211,247.25