Exhibit 99.25

MBNA MASTER CREDIT CARD TRUST II

SERIES 1998-E

KEY PERFORMANCE FACTORS
June 30, 2001



Expected B Maturity 4/15/2008


Blended Coupon 5.0460%


Excess Protection Level
3 Month Average 6.97%
June, 2001 6.14%
May, 2001 7.03%
April, 2001 7.75%


Cash Yield19.01%


Investor Charge Offs 5.67%


Base Rate 7.20%


Over 30 Day Delinquency 4.78%


Seller's Interest 8.00%


Total Payment Rate14.15%


Total Principal Balance$57,876,901,808.74


Investor Participation Amount$882,400,000.00


Seller Participation Amount$4,631,211,247.25