Exhibit 99.3

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
August 31, 1998



Expected B Maturity 11/15/01


Blended Coupon 5.9764%



Excess Protection Level
3 Month Average 5.28%
August, 1998 6.21%
July, 1998 5.03%
June, 1998 4.58%


Cash Yield 19.08%


Investor Charge Offs 5.09%


Base Rate 7.78%


Over 35 Day Delinquency 5.00%


Seller's Interest 11.64%


Total Payment Rate 14.21%


Total Principal Balance $ 37,775,682,964.86


Investor Participation Amount $ 1,000,000,000.00


Seller Participation Amount $ 4,395,888,446.37