Exhibit 99.3

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
October 31, 1997



Expected B Maturity 11/15/01


Blended Coupon 5.9147%



Excess Protection Level
3 Month Average 4.81%
October, 1997 5.25%
September, 1997 4.69%
August, 1997 4.51%


Cash Yield 18.37%


Investor Charge Offs 4.61%


Base Rate 8.51%


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 $
1,000,000,000.00


Seller Participation Amount $
4,401,496,533.34