Exhibit 99.4 
 
MBNA MASTER CREDIT CARD TRUST II SERIES 1994-D 
 
KEY PERFORMANCE FACTORS 
September 30, 1997 
 
 
 
        Expected B Maturity                         11/17/97 
 
 
        Blended Coupon                               5.89399% 
 
 
 
        Excess Protection Level 
          3 Month Average   4.58% 
            September, 1997   4.77% 
            August, 1997   4.47% 
            July, 1997   4.49% 
 
 
        Cash Yield                                  17.46% 
 
 
        Investor Charge Offs                         4.80% 
 
 
        Base Rate                                    7.89% 
 
 
        Over 35 Day Delinquency                      4.84% 
 
 
        Seller's Interest                           12.31% 
 
 
        Total Payment Rate                          12.46% 
 
 
        Total Principal Balance                     $ 30,549,822,447.26 
 
 
        Investor Participation Amount               $ 1,000,000,000.00 
 
 
        Seller Participation Amount                 $ 3,759,687,928.77