Exhibit 99.33

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-N

KEY PERFORMANCE FACTORS
June 30, 1998



Expected B Maturity 11/15/00


Blended Coupon 5.8008%


Excess Protection Level
3 Month Average 5.25%
June, 1998 4.76%
May, 1998 4.97%
April, 1998 6.00%


Cash Yield 17.69%


Investor Charge Offs 5.10%


Base Rate 7.83%


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 $900,000,000.00


Seller Participation Amount $4,536,555,660.02