Exhibit 99.21

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-L

KEY PERFORMANCE FACTORS
SEPTEMBER, 1998



Expected B Maturity 12/15/99


Blended Coupon 5.7629%



Excess Protection Level
3 Month Average 5.40%
September, 1998 4.44%
August, 1998 6.39%
July, 1998 5.36%


Cash Yield 17.38%


Investor Charge Offs 5.18%


Base Rate 7.76%


Over 35 Day Delinquency 5.04%


Seller's Interest 13.10%


Total Payment Rate 13.10%


Total Principal Balance $ 39,849,511,082.92


Investor Participation Amount $ 500,000,000.00


Seller Participation Amount $ 5,219,716,564.43