Exhibit 99.3

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
July 31, 1999



Expected B Maturity 11/15/01


Blended Coupon 5.4820%



Excess Protection Level
3 Month Average 6.18%
July, 1999 5.88%
June, 1999 5.08%
May, 1999 7.57%


Cash Yield 18.70%


Investor Charge Offs 4.97%


Base Rate 7.85%


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 $ 1,000,000,000.00


Seller Participation Amount $ 4,456,383,517.80