Exhibit 99.22

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-M

KEY PERFORMANCE FACTORS
MARCH, 1998



Expected B Maturity 12/15/06


Blended Coupon 5.8194%



Excess Protection Level
3 Month Average 5.04%
March, 1998 5.86%
February, 1998 4.66%
January, 1998 4.59%


Cash Yield 18.56%


Investor Charge Offs 4.85%


Base Rate 7.85%


Over 35 Day Delinquency 5.06%


Seller's Interest 11.41%


Total Payment Rate 13.80%


Total Principal Balance $ 33,909,306,783.29


Investor Participation Amount $ 500,000,000.00


Seller Participation Amount $ 3,867,972,264.80