11:22:12 AM EXHIBIT 99.1


MBNA MASTER CREDIT CARD TRUST II SERIES 1996-E

KEY PERFORMANCE FACTORS
JULY, 1996



Expected B Maturity 06/16/03


Blended Coupon 5.7060%


Excess Protection Level
3 Month Average 3.79%
July, 1996 4.58%
June, 1996 2.99%
May, 1996 N/A


Cash Yield 16.87%


Investor Charge Offs 4.38%


Base Rate 7.90%


Over 35 Day Delinquency 4.20%


Seller's Interest 17.27%


Total Payment Rate 11.54%


Total Principal Balance $17,148,865,196.73


Investor Participation Amount $750,000,000.00


Seller Participation Amount $2,960,990,196.73