Exhibit 99.5

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
June 30, 1998



Expected B Maturity 11/15/01


Blended Coupon 5.9800%



Excess Protection Level
3 Month Average 5.02%
June, 1998 4.58%
May, 1998 4.75%
April, 1998 5.73%


Cash Yield 17.67%


Investor Charge Offs 5.10%


Base Rate 7.98%


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