Exhibit 99.23

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-M

KEY PERFORMANCE FACTORS
MAY, 1997



Expected B Maturity 12/15/06


Blended Coupon 5.9935%



Excess Protection Level
3 Month Average 4.74%
May, 1997 4.39%
April, 1997 4.02%
March, 1997 5.83%


Cash Yield 17.28%


Investor Charge Offs 4.53%


Base Rate 8.36%


Over 35 Day Delinquency 4.38%


Seller's Interest 15.43%


Total Payment Rate 12.75%


Total Principal Balance $ 27,132,480,390.99


Investor Participation Amount $ 500,000,000.00


Seller Participation Amount $ 4,186,442,872.50