Exhibit 99.4


MBNA MASTER CREDIT CARD TRUST II SERIES 1994-B

KEY PERFORMANCE FACTORS
June 30, 1998



Expected B Maturity 9/15/99


Blended Coupon 5.58088%



Excess Protection Level
3 Month Average 5.13%
June, 1998 4.69%
May, 1998 4.88%
April, 1998 5.83%


Cash Yield 17.67%


Investor Charge Offs 5.10%


Base Rate 7.87%


Over 35 Day Delinquency 5.06%


Seller's Interest 12.61%


Total Payment Rate 13.35%


Total Principal Balance $ 35,974,950,178.51


Investor Participation Amount $ 1,000,000,000.00


Seller Participation Amount $ 4,536,555,660.02