Exhibit 99.22

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-M

KEY PERFORMANCE FACTORS
FEBRUARY, 1998



Expected B Maturity 12/15/06


Blended Coupon 5.8152%



Excess Protection Level
3 Month Average 4.86%
February, 1998 4.66%
January, 1998 4.59%
December, 1997 5.33%


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 $ 500,000,000.00


Seller Participation Amount $ 5,197,230,037.18