Exhibit 99.31

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-N

KEY PERFORMANCE FACTORS
September 30, 1998



Expected B Maturity 11/15/00


Blended Coupon 5.7948%


Excess Protection Level
3 Month Average 5.37%
September, 1998 4.41%
August, 1998 6.36%
July, 1998 5.32%


Cash Yield 17.38%


Investor Charge Offs 5.18%


Base Rate 7.79%


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 $900,000,000.00


Seller Participation Amount $5,219,716,564.43