Exhibit 99.3

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
March 31, 1998



Expected B Maturity 11/15/01


Blended Coupon 6.0357%



Excess Protection Level
3 Month Average 4.93%
March, 1998 5.65%
February, 1998 4.53%
January, 1998 4.63%


Cash Yield 18.54%


Investor Charge Offs 4.85%


Base Rate 8.04%


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 $ 1,000,000,000.00


Seller Participation Amount $ 3,867,972,264.80