Exhibit 99.3

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
September 30, 1998



Expected B Maturity 11/15/01


Blended Coupon 5.9693%



Excess Protection Level
3 Month Average 5.15%
September, 1998 4.20%
August, 1998 6.21%
July, 1998 5.03%


Cash Yield 17.36%


Investor Charge Offs 5.18%


Base Rate 7.97%


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 $ 1,000,000,000.00


Seller Participation Amount $ 5,219,716,564.43