Exhibit 99.21 
 
MBNA MASTER CREDIT CARD TRUST II SERIES 1996-K 
 
KEY PERFORMANCE FACTORS 
September 30, 1997 
 
 
 
        Expected B Maturity                                        11/17/03 
 
 
        Blended Coupon                                              5.8380% 
 
 
 
        Excess Protection Level 
          3 Month Average   4.65% 
          September, 1997   4.79% 
          August, 1997   4.62% 
          July, 1997   4.55% 
 
 
        Cash Yield                                  17.46% 
 
 
        Investor Charge Offs                         4.80% 
 
 
        Base Rate                                    7.87% 
 
 
        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