Exhibit 99.26

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-F

KEY PERFORMANCE FACTORS
July 31, 1998



Expected B Maturity 6/17/02


Blended Coupon 6.5193%



Excess Protection Level
3 Month Average 5.02%
July, 1998 5.30%
June, 1998 4.77%
May, 1998 5.01%


Cash Yield 18.75%


Investor Charge Offs 5.14%


Base Rate 8.31%


Over 35 Day Delinquency 4.90%


Seller's Interest 15.22%


Total Payment Rate 14.52%


Total Principal Balance $37,740,921,726.81


Investor Participation Amount $706,000,000.00


Seller Participation Amount $5,743,527,208.32