Exhibit 99.12

MBNA MASTER CREDIT CARD TRUST II SERIES 1995-J

KEY PERFORMANCE FACTORS
December 31, 1996



Expected B Maturity 12/16/02


Blended Coupon 5.8723%



Excess Protection Level
3 Month Average 5.33%
December, 1996 5.46%
November, 1996 5.38%
October, 1996 5.17%


Cash Yield 17.30%


Investor Charge Offs 3.97%


Base Rate 7.87%


Over 35 Day Delinquency 4.52%


Seller's Interest 17.12%


Total Payment Rate 11.85%


Total Principal Balance $23,372,253,332.68


Investor Participation Amount $500,000,000.00


Seller Participation Amount $4,000,325,814.19