Exhibit 99.22

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-M

KEY PERFORMANCE FACTORS
AUGUST, 1999



Expected B Maturity 12/15/06


Blended Coupon 5.6298%



Excess Protection Level
3 Month Average 5.74%
August, 1999 5.77%
July, 1999 6.25%
June, 1999 5.20%


Cash Yield 18.20%


Investor Charge Offs 4.78%


Base Rate 7.66%


Over 30 Day Delinquency 4.81%


Seller's Interest 7.19%


Total Payment Rate 14.37%


Total Principal Balance $ 46,158,397,644.87


Investor Participation Amount $ 500,000,000.00


Seller Participation Amount $ 3,316,578,126.38