Exhibit 99.3

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
May 31, 1998



Expected B Maturity 11/15/01


Blended Coupon 5.9800%



Excess Protection Level
3 Month Average 5.38%
May, 1998 4.75%
April, 1998 5.73%
March, 1998 5.65%


Cash Yield 17.95%


Investor Charge Offs 5.01%


Base Rate 8.18%


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 $ 1,000,000,000.00


Seller Participation Amount $ 4,911,601,602.55