CLASS A CUSIP 55262TCB7 Exhibit 20.7
CLASS B CUSIP 55262TCC5
FORM OF MONTHLY CERTIFICATEHOLDERS'STATEMENT
SERIES 1997-B
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING DECEMBER 31, 2003
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of January 15, 2004, and with respect to the
performance of the trust during the month of December, 2003 is
set forth below.
Capitalized terms used in this statement have their respective
meanings set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Monthly
Distribution (Stated on the Basis of
$1,000 Original Certificate Principal Amount).
1. The amount of distribution in respect
of Class A Monthly Principal $0.000000
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2. The amount of distribution in respect
of Class B Monthly Principal $0.000000
-----------------
3. The amount of distribution in respect
of Class C Monthly Principal $0.000000
-----------------
4. The amount of distribution in respect
of Class A Monthly Interest $1.138819
-----------------
5. The amount of distribution in respect
of Class A Deficiency Amounts $0.000000
-----------------
6. The amount of distribution in respect
of Class A Additional Interest $0.000000
-----------------
7. The amount of distribution in respect
of Class B Monthly Interest $1.302431
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $0.000000
-----------------
9. The amount of distribution in respect
of Class B Additional Interest $0.000000
-----------------
10. The amount of distribution in respect
of Class C Monthly Interest $1.819097
-----------------
11. The amount of distribution in respect
of Class C Deficiency Amounts $0.000000
-----------------
12. The amount of distribution in respect
of Class C Additional Interest $ 0.000000
-----------------
B. Information Regarding the Performance of the Trust
1. Collection of Principal Receivables
(a) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Class A Certificates $117,015,252.21
-----------------
(b) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Class B Certificates $10,324,874.09
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Class C Interest $10,324,874.09
-----------------
2. Principal Receivables in the Trust
(a) The aggregate amount of Principal
Receivables in the Trust as of the
end of the day on the last day of
the related Monthly Period $75,746,722,777.36
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1997-B
as of the end of the day on the last
day of the related Monthly Period $1,000,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1997-B as of the end of the day on the
last day of the related Monthly Period $1,000,000,000.00
-----------------
(d) The amount of Principal Receivables
in the Trust represented by the
Class A Investor Interest as of
the end of the day on the last day of
the related Monthly Period $850,000,000.00
-----------------
(e) The amount of Principal Receivables
in the Trust represented by the
Class A Adjusted Investor Interest
as of the end of the day on the last
day of the related Monthly Period $850,000,000.00
-----------------
(f) The amount of Principal Receivables
in the Trust represented by the
Class B Investor Interest as of
the end of the day on the last day
of the related Monthly Period $75,000,000.00
-----------------
(g) The amount of Principal Receivables in
the Trust represented by the Class B
Adjusted Investor Interest as of the
end of the day on the last day
of the related Monthly Period $75,000,000.00
-----------------
(h) The amount of Principal Receivables in
the Trust represented by the Class C
Interest as of the end of the day on the
last day of the related Monthly Period $75,000,000.00
-----------------
(i) The amount of Principal Receivables in
the Trust represented by the Class C
Adjusted Investor Interest as of
the end of the day on the last day
of the related Monthly Period $75,000,000.00
-----------------
(j) The Floating Investor Percentage with
respect to the period:
December 1, 2003 through December 31, 2003 1.37%
(k) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
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(l) The Class B Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(m) The Class C Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(n) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(o) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(p) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(q) The Class C Fixed Allocation with
respect to the related Monthly Period N/A
----------
3. Delinquent Balances
The aggregate amount of outstanding balances in the Accounts which
were delinquent as of the end of the day on the last day of the
related Monthly Period:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.55% 1,202,507,907.22
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(b) 60 - 89 days: 1.07% 825,924,170.30
------- -----------------
(c) 90 - 119 days: 0.92% 714,683,653.34
------- -----------------
(d) 120 - 149 days: 0.87% 671,118,545.40
------- -----------------
(e) 150 or more days: 0.78% 600,561,899.32
------- -----------------
Total 5.19% 4,014,796,175.58
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4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $ 4,811,483.23
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $4,089,760.79
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $360,861.22
-----------------
(d) The Class C Default Amount for
the related Monthly Period $360,861.22
-----------------
5. Investor Charge Offs
(a) The aggregate amount of Class A
Investor Charge Offs for the related
Monthly Period $ 0.00
-----------------
(b) The aggregate amount of Class A
Investor Charge Offs set forth in
5 (a) above per $1,000 of original
certificate principal amount $ 0.00
-----------------
(c) The aggregate amount of Class B
Investor Charge Offs for the related
Monthly Period $ 0.00
-----------------
(d) The aggregate amount of Class B
Investor Charge Offs set forth in
5 (c) above per $1,000 of original
certificate principal amount $ 0.00
-----------------
(e) The aggregate amount of Class C
Investor Charge Offs for the
related Monthly Period $ 0.00
-----------------
(f) The aggregate amount of Class C
Investor Charge Offs set forth
in 5 (e) above per $1,000 of original
certificate principal amount $ 0.00
-----------------
(g) The aggregate amount of Class A
Investor Charge Offs reimbursed on
the Transfer Date immediately pre-
ceding this Distribution Date $ 0.00
-----------------
(h) The aggregate amount of Class A
Investor Charge Offs set forth in 5 (g)
above per $1,000 original certificate
principal amount reimbursed on the
Transfer Date immediately preceding
this Distribution Date $ 0.00
-----------------
(i) The aggregate amount of Class B
Investor Charge Offs reimbursed on
the Transfer Date immediately pre-
ceding this Distribution Date $ 0.00
-----------------
(j) The aggregate amount of Class B
Investor Charge Offs set forth in
5 (i) above per $1,000 original
certificate principal amount
reimbursed on the Transfer Date
immediately preceding this Distri-
bution Date $ 0.00
-----------------
(k) The aggregate amount of Class C
Investor Charge Offs reimbursed
on the Transfer Date immediately
preceding this Distribution Date $ 0.00
-----------------
(l) The aggregate amount of Class C
Investor Charge Offs set forth in
5 (k) above per $1,000 original
certificate principal amount
reimbursed on the Transfer Date
immediately preceding this
Distribution Date $ 0.00
-----------------
6. Investor Servicing Fee
(a) The amount of the Class A Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $885,416.67
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $78,125.00
-----------------
(c) The amount of the Class C Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $78,125.00
-----------------
(d) The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $625,000.00
-----------------
7. Reallocations
(a) The amount of Reallocated Class C
Principal Collections with respect to
this Distribution Date $ 0.00
-----------------
(b) The amount of Reallocated Class B
Principal Collections with respect to
this Distribution Date $ 0.00
-----------------
(c) The Class C Investor Interest as of the
close of business on this Distribution
Date $75,000,000.00
-----------------
(d) The Class C Adjusted Investor Interest
as of the close of business on this
Distribution Date $75,000,000.00
-----------------
(e) The Class B Investor Interest as of the
close of business on this Distribution
Date $75,000,000.00
-----------------
(f) The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $75,000,000.00
-----------------
8. Principal Funding Account
(a) The principal amount on deposit in
the Principal Funding Account on
the related Transfer Date (after taking
into account deposits on such date
but prior to withdrawals) $ 0.00
-----------------
(b) The Accumulation Shortfall with
respect to the related Monthly
Period $ 0.00
-----------------
(c) The Principal Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date to be treated as Class A
Available Funds $ 0.00
-----------------
(d) The Principal Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date to be treated as Class B
Available Funds $ 0.00
-----------------
(e) The Principal Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date to be treated as Class C
Available Funds $ 0.00
-----------------
9. Reserve Account
(a) The Reserve Draw Amount on the
related Transfer Date $ 0.00
-----------------
(b) The amount of the Reserve Draw
Amount deposited in the Finance
Charge Account on the related
Transfer Date $ 0.00
-----------------
(c) The amount of the Reserve Draw
Amount deposited in the Finance
Charge Account on the related
Transfer Date to be treated
as Class A Available Funds $ 0.00
-----------------
(d) The amount of the Reserve Draw
Amount deposited in the Finance
Charge Account on the related
Transfer Date to be treated
as Class B Available Funds $ 0.00
-----------------
(e) The amount of the Reserve Draw
Amount deposited in the Finance
Charge Account on the related
Transfer Date to be treated
as Class C Available Funds $ 0.00
-----------------
10. Available Funds
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $11,997,756.47
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $1,058,625.46
-----------------
(c) The amount of Class C Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $1,058,625.46
-----------------
11. Collection of Finance Charge Receivables
(a) The aggregate amount of Collections
of Finance Charge Receivables and Annual
Membership Fees processed during the
related Monthly Period, allocated
in respect of the Class A Certificates $12,529,006.47
-----------------
(b) The aggregate amount of Collections of
Finance Charge Receivables and Annual
Membership Fees processed during the
related Monthly Period which were
allocated in respect of the Class B
Certificates $1,105,500.46
-----------------
(c) The aggregate amount of Collections of
Finance Charge Receivables and Annual
Membership Fees processed during the
related Monthly Period which were
allocated in respect of the Class C
Interests $1,105,500.46
-----------------
12. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 11.91%
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(b) The Portfolio Adjusted Yield 8.14%
--------
C. LIBOR Determinations
LIBOR rates for the Interest Period of
December 15, 2003 to January 14, 2004: 1.16250%
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MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servi Marcie E. Copson-Hall
cer
Name: Marcie E. Copson-Hall
Title: Executive Vice President
1997-B