Exhibit 99.23

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-M

KEY PERFORMANCE FACTORS
APRIL, 1998



Expected B Maturity 12/15/06


Blended Coupon 5.8192%



Excess Protection Level
3 Month Average 5.48%
April, 1998 5.92%
March, 1998 5.86%
February, 1998 4.66%


Cash Yield 18.70%


Investor Charge Offs 4.96%


Base Rate 7.82%


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 $ 500,000,000.00


Seller Participation Amount $ 5,259,577,861.39