Exhibit 99.16

MBNA MASTER CREDIT CARD TRUST II SERIES 1996-D

KEY PERFORMANCE FACTORS
January 31, 1997



Expected B Maturity 05/15/01


Blended Coupon 5.6674%



Excess Protection Level
3 Month Average 4.96%
January, 1997 3.86%
December, 1996 5.54%
November, 1996 5.47%


Cash Yield 17.09%


Investor Charge Offs 4.81%


Base Rate 8.42%


Over 35 Day Delinquency 4.60%


Seller's Interest 13.97%


Total Payment Rate 12.21%


Total Principal Balance $23,234,782,634.76


Investor Participation Amount $1,000,000,000.00


Seller Participation Amount $3,245,155,116.27