Exhibit 99.22

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-M

KEY PERFORMANCE FACTORS
OCTOBER, 1998



Expected B Maturity 12/15/06


Blended Coupon 5.8567%



Excess Protection Level
3 Month Average 5.47%
October, 1998 5.78%
September, 1998 4.33%
August, 1998 6.28%


Cash Yield 18.98%


Investor Charge Offs 4.98%


Base Rate 8.22%


Over 35 Day Delinquency 5.16%


Seller's Interest 8.67%


Total Payment Rate 14.28%


Total Principal Balance $ 39,561,435,127.71


Investor Participation Amount $ 500,000,000.00


Seller Participation Amount $ 3,431,640,609.22