Exhibit 99.26

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-F

KEY PERFORMANCE FACTORS
May 31, 1998



Expected B Maturity 6/17/02


Blended Coupon 6.5190%



Excess Protection Level
3 Month Average 5.61%
May, 1998 5.01%
April, 1998 5.94%
March, 1998 5.87%


Cash Yield 17.95%


Investor Charge Offs 5.01%


Base Rate 7.92%


Over 35 Day Delinquency 5.17%


Seller's Interest 13.80%


Total Payment Rate 13.68%


Total Principal Balance $35,599,996,121.04


Investor Participation Amount $706,000,000.00


Seller Participation Amount $4,911,601,602.55