Exhibit 99.3


MBNA MASTER CREDIT CARD TRUST II SERIES 1994-B

KEY PERFORMANCE FACTORS
April 30, 1998



Expected B Maturity 9/15/99


Blended Coupon 5.58022%



Excess Protection Level
3 Month Average 5.41%
April, 1998 5.83%
March, 1998 5.77%
February, 1998 4.63%


Cash Yield 18.66%


Investor Charge Offs 4.96%


Base Rate 7.87%


Over 35 Day Delinquency 5.03%


Seller's Interest 14.63%


Total Payment Rate 14.61%


Total Principal Balance $ 35,947,972,379.88


Investor Participation Amount $ 1,000,000,000.00


Seller Participation Amount $ 5,259,577,861.39