Exhibit 99.4

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-D

KEY PERFORMANCE FACTORS
October 31, 1997



Expected B Maturity 11/17/97


Blended Coupon
5.98900%



Excess Protection Level
3 Month Average 61.36%
October, 1997 174.84%
September, 1997 4.77%
August, 1997 4.47%


Cash Yield 244.88%


Investor Charge Offs 61.44%


Base Rate 8.59%


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 $
75,000,000.00


Seller Participation Amount $
4,401,496,533.34