Exhibit 99.26

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-E

KEY PERFORMANCE FACTORS
June 30, 1997



Expected B Maturity 4/15/02


Blended Coupon 5.9310%



Excess Protection Level
3 Month Average 2.98%
June, 1997 2.98%
May, 1997 N/A
April, 1997 N/A


Cash Yield 17.13%


Investor Charge Offs 4.55%


Base Rate 9.60%


Over 35 Day Delinquency 4.57%


Seller's Interest 10.08%


Total Payment Rate 12.14%


Total Principal Balance $27,184,721,330.37


Investor Participation Amount $750,000,000.00


Seller Participation Amount $2,741,483,811.88


* For the purposes of calculating the Base Rate and Excess Protection
Level, a Coupon of 7.60% (53/360) was used. The Base Rate was
calculated using a 53 day monthly period, 5/8/97-6/30/97.