Exhibit 99.4

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-D

KEY PERFORMANCE FACTORS
August 31, 1997



Expected B Maturity 11/17/97


Blended Coupon 5.94997%



Excess Protection Level
3 Month Average 4.59%
August, 1997 4.47%
July, 1997 4.49%
June, 1997 4.82%


Cash Yield 17.46%


Investor Charge Offs 4.84%


Base Rate 8.15%


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