Exhibit 99.16

MBNA MASTER CREDIT CARD TRUST II SERIES 1996-E

KEY PERFORMANCE FACTORS
February 28, 1998



Expected B Maturity 06/16/03


Blended Coupon 5.8347%



Excess Protection Level
3 Month Average 4.88%
February, 1998 4.66%
January, 1998 4.75%
December, 1997 5.21%


Cash Yield 16.74%


Investor Charge Offs 4.83%


Base Rate 7.25%


Over 35 Day Delinquency 5.04%


Seller's Interest 15.07%


Total Payment Rate 12.54%


Total Principal Balance $34,488,564,555.67


Investor Participation Amount $750,000,000.00


Seller Participation Amount $5,197,230,037.18