Exhibit 99.26

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-F

KEY PERFORMANCE FACTORS
July 31, 1999



Expected B Maturity 6/17/02


Blended Coupon 6.4485%



Excess Protection Level
3 Month Average 6.37%
July, 1999 6.12%
June, 1999 5.28%
May, 1999 7.70%


Cash Yield 18.70%


Investor Charge Offs 4.97%


Base Rate 7.61%


Over 30 Day Delinquency 4.84%


Seller's Interest 9.75%


Total Payment Rate 14.54%


Total Principal Balance $45,698,903,036.29


Investor Participation Amount $706,000,000.00


Seller Participation Amount $4,456,383,517.80