Exhibit 99.3

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
August 31, 1999



Expected B Maturity 11/15/01


Blended Coupon 5.5467%



Excess Protection Level
3 Month Average 5.62%
August, 1999 5.88%
July, 1999 5.88%
June, 1999 5.08%


Cash Yield 18.20%


Investor Charge Offs 4.78%


Base Rate 7.55%


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 $ 1,000,000,000.00


Seller Participation Amount $ 3,316,578,126.38