11:42:27 AM EXHIBIT 99. 3


MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
JUNE, 1996



Expected B Maturity 11/15/01


Blended Coupon 5.7948%


Excess Protection Level
3 Month Average 5.01%
June, 1996 5.33%
May, 1996 4.73%
April, 1996 4.98%


Cash Yield 16.85%


Investor Charge Offs 4.11%


Base Rate 7.41%


Over 35 Day Delinquency 3.97%


Seller's Interest 19.37%


Total Payment Rate 10.78%


Total Principal Balance $16,975,561,627.28


Investor Participation Amount $1,000,000,000.00


Seller Participation Amount $3,287,686,627.28