Exhibit 99.32

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-N

KEY PERFORMANCE FACTORS
April 30, 1998



Expected B Maturity 11/15/00


Blended Coupon 5.7393%


Excess Protection Level
3 Month Average 5.56%
April, 1998 6.00%
March, 1998 5.94%
February, 1998 4.73%


Cash Yield 18.70%


Investor Charge Offs 4.96%


Base Rate 7.74%


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 $900,000,000.00


Seller Participation Amount $5,259,577,861.39