Exhibit 99.15

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-C

KEY PERFORMANCE FACTORS
June 30, 2001



Expected B Maturity 3/15/04


Blended Coupon 4.1418%



Excess Protection Level
3 Month Average 7.47%
June, 2001 7.05%
May, 2001 7.78%
April, 2001 7.60%


Cash Yield 18.98%


Investor Charge Offs 5.67%


Base Rate 6.26%


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 $750,000,000.00


Seller Participation Amount $4,631,211,247.25