Exhibit 99.22

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-L

KEY PERFORMANCE FACTORS
JANUARY, 1997



Expected B Maturity 12/15/99


Blended Coupon 5.5781%



Excess Protection Level
3 Month Average 3.35%
January, 1997 *3.35%
December, 1996 N/A
November, 1996 N/A


Cash Yield 17.26%


Investor Charge Offs 4.54%


Base Rate 9.37%


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 $ 500,000,000.00


Seller Participation Amount $ 3,245,155,116.27


* For the purposes of calculating the Base Rate and Excess Protection
Level, a Coupon of 7.37% (58/360) was used. The Base Rate was
calculated using a 58 day monthly period, 12/3/96-1/31/97.