Exhibit 99.16

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-E

KEY PERFORMANCE FACTORS
June 30, 2001



Expected B Maturity 4/15/02


Blended Coupon 4.8265%



Excess Protection Level
3 Month Average 7.16%
June, 2001 6.37%
May, 2001 7.23%
April, 2001 7.87%


Cash Yield 19.01%


Investor Charge Offs 5.67%


Base Rate 6.97%


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