Exhibit 99.3

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
August 31, 1997



Expected B Maturity 11/15/01


Blended Coupon 5.9170%



Excess Protection Level
3 Month Average 4.58%
August, 1997 4.51%
July, 1997 4.43%
June, 1997 4.79%


Cash Yield 17.46%


Investor Charge Offs 4.84%


Base Rate 8.11%


Over 35 Day Delinquency 4.66%


Seller's Interest 14.91%


Total Payment Rate 12.37%


Total Principal Balance $ 30,603,901,306.35


Investor Participation Amount $ 1,000,000,000.00


Seller Participation Amount $ 4,563,766,787.86