Exhibit 99.3

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
March 31, 1997



Expected B Maturity 11/15/01


Blended Coupon 5.7858%



Excess Protection Level
3 Month Average 4.92%
March, 1997 5.74%
February, 1997 5.31%
January, 1997 3.71%


Cash Yield 17.84%


Investor Charge Offs 4.50%


Base Rate 7.59%


Over 35 Day Delinquency 4.55%


Seller's Interest 12.97%


Total Payment Rate 12.55%


Total Principal Balance $ 24,979,151,243.99


Investor Participation Amount $ 1,000,000,000.00


Seller Participation Amount $ 3,239,523,725.50