Exhibit 99.3

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
October 31, 1998



Expected B Maturity 11/15/01


Blended Coupon 5.7820%



Excess Protection Level
3 Month Average 5.40%
October, 1998 5.78%
September, 1998 4.20%
August, 1998 6.21%


Cash Yield 18.93%


Investor Charge Offs 4.98%


Base Rate 8.17%


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 $ 1,000,000,000.00


Seller Participation Amount $ 3,431,640,609.22