Exhibit 99.29

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-K

KEY PERFORMANCE FACTORS
September 30, 1998



Expected B Maturity 11/15/2005


Blended Coupon 5.7710%


Excess Protection Level
3 Month Average 5.32%
September, 1998 4.40%
August, 1998 6.33%
July, 1998 5.23%


Cash Yield 17.36%


Investor Charge Offs 5.18%


Base Rate 7.77%


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 $750,000,000.00


Seller Participation Amount $5,219,716,564.43