Exhibit 99.3

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
June 30, 1997



Expected B Maturity 11/15/01


Blended Coupon 5.9772%



Excess Protection Level
3 Month Average 4.28%
June, 1997 4.79%
May, 1997 4.37%
April, 1997 3.70%


Cash Yield 17.16%


Investor Charge Offs 4.60%


Base Rate 7.78%


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 $ 1,000,000,000.00


Seller Participation Amount $ 2,741,483,811.88