Exhibit 99.23

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-M

KEY PERFORMANCE FACTORS
OCTOBER, 1997



Expected B Maturity
12/15/06


Blended Coupon
5.9303%



Excess Protection Level
3 Month Average 4.86%
October, 1997 5.32%
September, 1997 4.72%
August, 1997 4.52%


Cash Yield 18.42%


Investor Charge Offs 4.61%


Base Rate 8.49%


Over 35 Day Delinquency 4.76%


Seller's Interest 13.78%


Total Payment Rate 14.00%


Total Principal Balance $
31,941,631,051.83


Investor Participation Amount $
500,000,000.00


Seller Participation Amount $
4,401,496,533.34