SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED: COMMISSION FILE
NUMBER:
December 31, 1997 333-17253
MBNA AMERICA BANK, NATIONAL ASSOCIATION,
ON BEHALF OF
MBNA MASTER CREDIT CARD TRUSTS
(Issuer in respect of the MBNA Master Credit Card Trust
II
Fixed and Floating Rate Asset Backed
Certificates)
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS
CHARTER)
United States of America 51-
0331-454
(STATE OR OTHER JURISDICTION (I.R.S.
EMPLOYER
OF INCORPORATION OR ORGANIZATION)
IDENTIFICATION NO.)
Wilmington, DE. 19884-0781
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:
(800) 362-6255
SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:
None
SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:
MBNA Master Credit Card Trust II, Series 1994-A, Series 1994-B,
Series 1994-C,
Series 1995-A, Series 1995-B, Series 1995-C, Series 1995-D,
Series 1995-E, Series 1995-F, Series 1995-I, Series 1995-J,
Series 1996-A, Series 1996-B, Series 1996-C, Series 1996-D,
Series 1996-E, Series 1996-G, Series 1996-H, Series 1996-J,
Series 1996-K, Series 1996-L, Series 1996-M, Series 1997-B,
Series 1997-C, Series 1997-E, Series 1997-F, Series 1997-I,
Series 1997-J, Series 1997-K, Series 1997-M, and Series 1997-N.
Fixed and Floating Rate Asset Backed Certificates
INDICATE BY CHECK MARK WHETHER THE REGISTRANT HAS (1) FILED ALL
REPORTS REQUIRED TO BE FILED BY SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934 DURING THE PRECEDING 12 MONTHS
(OR FOR SUCH SHORTER PERIOD THAT THE REGISTRANT WAS REQUIRED TO
FILE SUCH REPORTS) AND (2) HAS BEEN SUBJECT TO SUCH FILING
REQUIREMENTS FOR THE PAST 90 DAYS.
Yes [X] No [ ]
STATE THE AGGREGATE MARKET VALUE OF THE VOTING STOCK HELD BY NON-
AFFILIATES OF THE REGISTRANT.
The Registrant has no voting stock or class of common stock
outstanding as of the date of this report.
INTRODUCTORY NOTE
-----------------
MBNA America Bank, National Association (the "Originator") is the
originator, seller, and servicer under the Pooling and Servicing
Agreement (the "Agreement"), dated as of August 4, 1994, and the
Series 1994-A, Series 1994-B, Series 1994-C , Series 1995-A,
Series 1995-B, Series 1995-C, Series 1995-D, Series 1995-E,
Series 1995-F, Series 1995-I, Series 1995-J, Series 1996-A,
Series 1996-B, Series 1996-C, Series 1996-D, Series 1996-E,
Series 1996-G, Series 1996-H, Series 1996-J, Series 1996-K,
Series 1996-L, Series 1996-M, Series 1997-B, Series 1997-C,
Series 1997-E, Series 1997-F, Series 1997-I, Series 1997-J,
Series 1997-K, Series 1997-M, and Series 1997-N Supplements dated
as of August 4, 1994, August 18, 1994, October 26, 1994, March
22, 1995, May 23, 1995, June 29, 1995, June 29, 1995, August 2,
1995, August 30, 1995, October 26, 1995, November 21, 1995,
February 28, 1996, March 26, 1996, March 27, 1996, May 1, 1996,
Mar 21, 1996, July 17, 1996, August 14, 1996, September 19, 1996,
October 24, 1996, December 3, 1996, November 26, 1996, February
27, 1997, March 26, 1997, May 8, 1997, June 18, 1997, August 26,
1997, September 10, 1997, October 22, 1997, November 6, 1997 and
December 9, 1997 respectively, by and between the Originator and
the trustee, providing for the issuance of the MBNA Master Credit
Card Trust II, Series 1994-A, Series 1994-B, Series 1994-C,
Series 1995-A, Series 1995-B, Series 1995-C, Series 1995-D,
Series 1995-E, Series 1995-F, Series 1995-I, Series 1995-J,
Series 1996-A, Series 1996-B, Series 1996-C, Series 1996-D,
Series 1996-E, Series 1996-G, Series 1996-H, Series 1996-J,
Series 1996-K, Series 1996-L, Series 1996-M, Series 1997-B,
Series 1997-C, Series 1997-E, Series 1997-F, Series 1997-I,
Series 1997-J, Series 1997-K, Series 1997-M, and Series 1997-N
Fixed and Floating Rate Asset Backed Certificates (the
"Certificates") and is the originator of the MBNA Master Credit
Card Trust II (the "Registrant"). The Certificates do not
represent obligations of or interest in the Originator. The
Originator has made application pursuant to Section 12 (h) of the
Securities Exchange Act of 1934 for an exemption from certain
reporting requirements. Pursuant to an Order of the Securities
and Exchange Commission dated December 30, 1988 granting
Originator's application, Originator is not required to respond
to various items of Form 10-K. Such items are designated herein
as "Not Applicable".
PART I
------
Item 1. Business
- ------- --------
Not Applicable
Item 2. Properties
- ------- ----------
Not Applicable
Item 3. Legal Proceedings
- ------- -----------------
None
Item 4. Submission Of Matters To A Vote Of Security Holders.
- ------- ----------------------------------------------------
None
PART II
-------
Item 5. Market For Registrant's Common Equity
- ------- And Related Stockholder Matters.
--------------------------------
The Certificates representing investors' interests in
the Trust
are represented by a single Certificate registered in
the name of
Cede & Co., the nominee of The Depository Trust
Company.
Item 6. Selected Financial Data
- ------- -----------------------
Not Applicable
Item 7. Management's Discussion and Analysis of Financial
Condition and
- ------- Results of Operations
-------------------------------------------------------
- --------
Not Applicable
Item 8. Financial Statements and Supplementary Data
- ------- -------------------------------------------
Not Applicable
Item 9. Changes In And Disagreements With Accountants On
Accounting
- ------- And Financial Disclosure.
-------------------------------------------------------
- ----
None
Item 10. Directors and Executive Officers of the Registrant
- -------- --------------------------------------------------
Not Applicable
Item 11. Executive Compensation
- -------- ----------------------
Not Applicable
PART III
--------
Item 12. Security Ownership Of Certain Beneficial Owners And
Management
- -------- -------------------------------------------------------
- -------
(a) The Certificates of each Series representing investors'
interests in the Trust are represented by one or more
Certificates registered in the name of Cede & Co., the nominee of
The Depository Trust Company ("DTC"), and an investor holding an
interest in the Trust is not entitled to receive a Certificate
representing such interest except in certain limited
circumstances. Accordingly, Cede & Co. is the sole holder of
record of Certificates, which it held on behalf of brokers,
dealers, banks and other direct participants in the DTC system at
December 31, 1997. Such direct participants may hold
Certificates for their own accounts or for the accounts of their
customers. At December 31, 1997, the following direct DTC
participants held positions in Certificates representing
interests in the Trust equal to or exceeding 5% of the total
principal amount of the Certificates of each Series outstanding
on that date:
Aggregate
Amount of Percentage
Title Certificates Of
Class Name Held Ownership
- ------------ ---------------------------------- -------------- ----------
- --- ------ -- --
Series 1994-
A
Class A Bank of New York (The) $ 68,800,000 10.41%
Bankers Trust Company 160,975,000 24.35%
Chase Manhattan Bank/Chemical 65,600,000 9.92%
Citibank, N.A. 70,700,000 10.69%
Merrill Lynch, Pierce Fenner & 35,000,000 5.29%
Smith Safekeeping
SSB - Custodian 195,280,000 29.53%
Class B Bank of New York (The) $ 7.31%
2,500,000
Corestates Bank/Commonwealth of PA 2,000,000 5.85%
Chase Manhattan Bank 24,700,000 72.22%
Credit Suisse First Boston 5,000,000 14.62
Corporation
Series 1994-
B
Class A Bank of New York (The) $ 62,000,000 7.13%
Chase Manhattan Bank 251,000,000 28.85%
PNC Bank, National Association 130,000,000 14.94%
SSB - Custodian 312,485,000 35.92%
Class B Bank of New York (The) $ 11,500,000 25.56%
Chase Manhattan Bank 33,500,000 74.44%
Series 1994-
C
Class A Bank of New York (The) $ 287,379,000 33.03%
Chase Manhattan Bank 191,600,000 22.02%
Chase Manhattan Bank/FI-TRAC 50,000,000 5.75%
Citibank, N.A. 60,000,000 6.90%
Merrill Lynch, Pierce Fenner & 65,000,000 7.47%
Smith Safekeeping
Class B Bank of New York (The) $ 7,000,000 15.56%
Chase Manhattan Bank 28,000,000 62.22%
Chase Manhattan Bank/Chemical 10,000,000 22.22%
Series 1995-
A
Class A Bank of New York (The) $ 28,000,000 5.60%
Bankers Trust Company 40,100,000 8.02%
Boston Safe Deposit and Trust 68,050,000 13.60%
Company
Chase Manhattan Bank 68,500,000 13.69%
Chase Manhattan Bank/Broker & 27,000,000 5.40%
Dealer Clearance Department
Chase Manhattan Bank/Chemical 55,000,000 10.99%
Citibank, N.A. 125,050,000 25.00%
Merrill Lynch, Pierce Fenner & 32,050,000 6.41%
Smith Safekeeping
Merrill Lynch, Pierce, Fenner & 25,000,000 5.00%
Smith, Inc.- Debt Sec
Class B Chase Manhattan Bank $ 7,875,000 30.43%
Citibank, N.A. 8,000,000 30.92%
Fuji Bank and Trust Company (The) 10,000,000 38.65%
Series 1995-
B
Class A Bank of New York (The) $ 500,000,000 76.63%
Chase Manhattan Bank 102,500,000 15.71%
First Union National Bank 50,000,000 7.66%
Class B Bank of Tokyo-Mitsubishi Trust $ 20,000,000 59.26%
Company
Chase Manhattan Bank/Chemical 5,000,000 14.81%
Citibank, N.A. 7,500,000 22.22%
Series 1995-
C
Class A Bank of New York (The) $ 40,950,000 8.19%
Bankers Trust Company 82,030,000 16.40%
Boston Safe Deposit and Trust 88,818,000 17.75%
Company
Investors Fiduciary Trust 42,800,000 8.56%
Company/SSB
Norwest Investment Services, Inc. 25,000,000 5.00%
SSB - Custodian 96,710,000 19.33%
Class B NBD Bank Municipal Bond Department $ 25,875,000 100.00%
Series 1995-
D
Class A Bank of New York (The) $ 26,725,000 6.14%
Bankers Trust Company 43,025,000 9.89%
Chase Manhattan Bank 89,430,000 20.56%
Chase Manhattan Bank Trust Co. of 39,000,000 8.97%
California
Investors Bank & Trust / M.F. 22,375,000 5.14%
Custody
Northern Trust Company 44,445,000 10.22%
SSB - Custodian 29,625,000 6.81%
Class B NBD Bank Municipal Bond Department $ 22,500,000 100.00%
Series 1995-
E
Class A Chase Manhattan Bank $ 225,575,000 51.86%
Chase Manhattan Bank/Chemical 25,000,000 5.75%
Dai-Ichi Kangyo Bank (The), Ltd., 50,000,000 11.49%
New York Branch
Marine/Treasury Investments 24,375,000 5.60%
Class B Citibank, N.A. $ 10,000,000 44.44%
NBD Bank Municipal Bond Department 12,500,000 55.56%
Series 1995-
F
Class A Bank of New York (The) $ 60,405,000 13.28%
Bankers Trust Company 60,605,000 13.32%
Chase Manhattan Bank 40,680,000 8.94%
Merrill Lynch, Pierce Fenner & 32,155,000 7.07%
Smith Safekeeping
SSB - Custodian 101,192,000 22.24%
UBS Securities Inc. 23,984,998 5.27%
Class B Chase Manhattan Bank $ 18,750,000 100.00%
Series 1995-
I
Class A Bank of New York (The) $ 158,250,000 24.25%
Chase Manhattan Bank 166,750,000 25.56%
Chase Manhattan Bank/Chemical 55,707,000 8.54%
SSB - Custodian 230,993,000 35.40%
Class B Citibank, N.A. $ 7,000,000 20.74%
NBD Bank Municipal Bond Department 13,250,000 39.26%
Swiss Bank Corporation - New York 13,500,000 40.00%
Branch
Series 1995-
J
Class A Bank of New York (The) $ 48,220,000 11.09%
Chase Manhattan Bank 194,770,000 44.77%
Chase Manhattan Bank/Chemical 24,000,000 5.52%
Citibank, N.A. 45,130,000 10.37%
Dai-Ichi Kangyo Bank (The), Ltd., 35,000,000 8.05%
New York Branch
Fuji Bank and Trust Company (The) 25,000,000 5.75%
First National Association (First 25,000,000 5.75%
Trust)
Class B NBD Bank Municipal Bond Department $ 100.00%
22,500,000
Series 1996-
A
Class A Bank of New York (The) $ 95,000,000 15.60%
The Bank of New York/TD Bank 31,400,000 5.16%
Chase Manhattan Bank 263,000,000 43.19%
Chase Manhattan Bank/FI-TRAC 41,000,000 6.73%
Citibank, N.A. 68,500,000 11.25%
SSB - Custodian 37,400,000 6.14%
Class B Citibank, N.A. $ 15,000,000 47.62%
Fuji Bank and Trust Company (The) 16,500,000 52.38%
Series 1996-
B
Class A Bankers Trust Company $ 38,400,000 8.83%
Boston Safe Deposit and Trust 89,630,000 20.60%
Company
Chase Manhattan Bank/Chemical 92,000,000 21.15%
Citibank, N.A. 65,170,000 14.98%
Fuji Bank and Trust Company (The) 25,000,000 5.75%
SSB - Custodian 49,700,000 11.43%
Texas Commerce Bank National 23,000,000 5.29%
Association
Class B Boston Safe Deposit and Trust $ 22,500,000 100.00%
Company
Series 1996-
C
Class A Bank of New York (The) $ 432,000,000 99.31%
Class B Bank of Bermuda (New York) Limited $ 2,000,000 8.89%
Boston Safe Deposit and Trust 10,500,000 46.67%
Company
Chase Manhattan Bank 10,000,000 44.44%
Series 1996-
D
Class A Chase Manhattan Bank $ 282,710,000 33.26%
Chase Manhattan Bank/Chemical 70,490,000 8.29%
Citibank, N.A. 61,300,000 7.21%
Northern Trust Company 65,220,000 7.67%
SSB - Custodian 310,841,000 36.57%
Class B Bankers Trust Company/Corporate $ 25,000,000 33.33%
Clearance
Chase Manhattan Bank 20,000,000 26.67%
Citibank, N.A. 7,000,000 9.33%
Harris Trust & Savings Bank 5,000,000 6.67%
PNC Bank, National Association 18,000,000 24.00%
Series 1996-
E
Class A Bank of New York (The) $ 120,390,000 18.88%
Bankers Trust Company 47,490,000 7.45%
Chase Manhattan Bank 78,455,000 12.31%
Chase Manhattan Bank/FI-TRAC 38,690,000 6.07%
Citibank, N.A. 97,000,000 15.22%
Dai-Ichi Kangyo Bank (The), Ltd., 100,000,000 15.69%
New York Branch
SSB - Custodian 68,130,000 10.69%
Class B Boston Safe Deposit and Trust $ 25,000,000 44.44%
Company
Bankers Trust Company/Corporate 10,000,000 17.78%
Clearance
Chase Manhattan Bank 11,450,000 20.36%
Harris Trust & Savings Bank 5,000,000 8.89%
Series 1996-
G
Class A Bankers Trust Company $ 40,000,000 9.41%
The Bank of New York/Barclays De 87,500,000 20.59%
Zoete Wedd Securities
Chase Manhattan Bank/Chemical 113,250,000 26.65%
Citibank, N.A. 34,000,000 8.00%
Dai-Ichi Kangyo Bank (The), Ltd., 50,000,000 11.76%
New York Branch
Harris Trust & Savings Bank 45,000,000 10.59%
SSB - Custodian 25,000,000 5.88%
Class B Bankers Trust Company/Corporate $ 10,000,000 26.67%
Clearance
Chase Manhattan Bank 27,500,000 73.33%
Series 1996-
H
Class A Bank of New York (The) $ 315,000,000 30.88%
Bankers Trust Company 150,000,000 14.71%
Chase Manhattan Bank 115,500,000 11.32%
Northern Trust Company 94,500,000 9.26%
SSB - Custodian 216,200,000 21.20%
Class B Bankers Trust Company/Corporate $ 12,000,000 13.33%
Clearance
Bankers Trust/Investment Account 15,000,000 16.67%
Chase Manhattan Bank 50,600,000 56.22%
Citibank, N.A. 10,000,000 11.11%
Series 1996-
J
Class A Bank of New York (The) $ 172,555,000 20.30%
Chase Manhattan Bank 274,995,000 32.35%
Chase Manhattan Bank/FI-TRAC 50,000,000 5.88%
SSB - Custodian 214,600,000 25.25%
Class B Boston Safe Deposit and Trust $ 25,000,000 33.33%
Company
Chase Manhattan Bank/Chemical 20,000,000 26.67%
PNC Bank, National Association 30,000,000 40.00%
Series 1996-
K
Class A PNC Bank, National Association $ 714,000,000 84.00%
Class B Bankers Trust Company $ 15,000,000 20.00%
Chase Manhattan Bank/Chemical 5,000,000 6.67%
PNC Bank, National Association 55,000,000 73.33%
Series 1996-
L
Class A Bankers Trust Company $ 30.00%
127,500,000
Northern Trust Company 70,500,000 16.59%
SSB - Custodian 192,500,000 45.29%
Class B Chase Manhattan Bank $ 25,000,000 66.67%
Chase Manhattan Bank/Salomon 11,750,000 31.33%
Series 1996-
M
Class A Chase Manhattan Bank $ 37,500,000 8.82%
Chase Securities Inc. 55,000,000 12.94%
Citibank, N.A. 84,200,000 19.81%
Deutsche Morgan Grenfell Inc. 99,000,000 23.29%
French American Banking 50,000,000 11.76%
Corporation
SSB - Custodian 26,350,000 6.20%
Class B Bank of New York (The) $ 27,000,000 72.00%
Citicorp Securities, Inc. 4,500,000 12.00%
SSB - Custodian 6,000,000 16.00%
Series 1997-
B
Class A Chase Manhattan Bank/Chemical $ 189,000,000 22.24%
Citibank, N.A. 97,600,000 11.48%
Harris Trust & Savings Bank 44,500,000 5.24%
Merrill Lynch, Pierce Fenner & 46,200,000 5.44%
Smith Safekeeping
PNC Bank, National Association 310,700,000 36.55%
Class B Bank of New York (The) $ 10,000,000 13.33%
Chase Manhattan Bank 8,000,000 10.67%
Goldman, Sachs & Co. 25,000,000 33.33%
LBI-Lehman Government Securities 32,000,000 42.67%
Inc.(LBI)
Series 1997-
C
Class A Chase Manhattan Bank $ 131,500,000 20.63%
Chase Manhattan Bank/Chemical 59,350,000 9.31%
Citibank, N.A. 284,150,000 44.57%
SSB - Custodian 110,000,000 17.25%
Class B Bankers Trust Company $ 14,250,000 25.33%
Chase Manhattan Bank 37,000,000 65.78%
NBD Bank Municipal Bond Department 5,000,000 8.89%
Series 1997-
E
Class A Bank of New York (The) $ 55,000,000 8.63%
Bankers Trust Company 140,000,000 21.96%
Boston Safe Deposit and Trust 68,000,000 10.67%
Company
Chase Manhattan Bank/Chemical 34,000,000 5.33%
Chase Manhattan Bank/FI-TRAC 50,000,000 7.84%
Citibank, N.A. 56,000,000 8.78%
SSB - Custodian 171,500,000 26.90%
Class B Brown Brothers Harriman & Co. $ 5,000,000 8.89%
Chase Manhattan Bank 31,250,000 55.56%
NBD Bank Municipal Bond Department 15,000,000 26.67%
SSB - Custodian 5,000,000 8.89%
Series 1997-
F
Class A Bank of New York (The) $ 36,100,000 6.02%
Bankers Trust Company 229,735,000 38.29%
Boston Safe Deposit and Trust 74,435,000 12.41%
Company
Chase Manhattan Bank Trust Co. of 47,000,000 7.83%
California
SSB - Custodian 42,225,000 7.04%
Class B Bankers Trust Company $ 13,000,000 24.53%
Chase Manhattan Bank 10,000,000 18.87%
Chase Manhattan Bank/Chemical 20,000,000 37.74%
NBD Bank Municipal Bond Department 10,000,000 18.87%
Series 1997-
I
Class A Bank of New York (The) $ 82,024,000 12.87%
Bankers Trust Company 124,712,000 19.56%
Boston Safe Deposit and Trust 115,039,000 18.05%
Company
Chase Manhattan Bank 126,054,000 19.77%
Fifth Third Bank/State Teachers 36,835,000 5.78%
Retirement of Ohio
Investors Fiduciary Trust 33,160,000 5.20%
Company/SSB
Class B Bankers Trust Company/Corporate $ 25,000,000 44.44%
Clearance
Chase Manhattan Bank/Chemical 16,250,000 28.89%
SSB - Custodian 15,000,000 26.67%
Series 1997-
J
Class A The Bank of New York/Barclays De $ 310,000,000 48.63%
Zoete Wedd Securities
Chase Manhattan Bank 90,500,000 14.20%
Chase Manhattan Bank/Chemical 57,000,000 8.94%
French American Banking 41,000,000 6.43%
Corporation
Marine/Treasury Investments 35,000,000 5.49%
SSB - Custodian 51,500,000 8.08%
Class B Bankers Trust Company $ 15,000,000 26.67%
Bankers Trust Company/Corporate 36,250,000 64.44%
Clearance
J.P. Morgan Securities Inc. - 5,000,000 8.89%
Asset Backed
Series 1997-
K
Class A Fiduciary SSB $ 599,500,000 94.04%
Class B Bankers Trust Company/Corporate $ 15,250,000 27.11%
Clearance
Chase Manhattan Bank 20,000,000 35.56%
Citibank, N.A. 6,000,000 10.67%
SSB - Custodian 15,000,000 26.67%
Series 1997-
M
Class A Bankers Trust Company $ 76,000,000 11.92%
Chase Manhattan Bank 176,900,000 27.75%
Chase Manhattan Bank/Chemical 39,930,000 6.26%
Citibank, N.A. 50,000,000 7.84%
SSB - Custodian 209,115,000 32.80%
Class B Chase Manhattan Bank $ 6,250,000 11.11%
Chase Manhattan Bank/Chemical 50,000,000 88.89%
Series 1997-
N
Class A Bankers Trust Company $ 104,790,000 13.70%
Boston Safe Deposit and Trust 149,790,000 19.58%
Company
Chase Manhattan Bank/Chemical 95,190,000 12.44%
Citibank, N.A. 137,000,000 17.91%
Northern Trust Company 73,875,000 9.66%
SSB - Custodian 136,565,000 17.85%
Class B Bank of New York (The) $ 20,000,000 29.63%
Chase Manhattan Bank/Chemical 25,000,000 37.04%
Merrill Lynch, Pierce, Fenner & 20,500,000 30.37%
Smith, Inc. - Debt Sec
The address of each of the above participants is:
C/O The Depository Trust Company
55 Water Street
New York, NY 10041
(b) Not Applicable
(c) Not Applicable
Item 13. Certain Relationships and Related Transactions
- -------- ----------------------------------------------
None
PART IV
-------
Item 14. Exhibits, Financial Statement Schedules, And Reports On
Form 8-K
- -------- -------------------------------------------------------
- ---------
(a) The following documents are filed as part of this Report:
3. Exhibits:
99.01 Annual Accountant's report dated August 6, 1997 with
respect to Series 1994-A, Series 1994-B, Series 1994-C,
Series 1994-D, Series 1995-A, Series 1995-B, Series 1995-C,
Series 1995-D, Series 1995-E, Series 1995-F, Series 1995-I,
Series 1995-J, Series 1996-A, Series 1996-B, Series 1996-C,
Series 1996-D, Series 1996-E, Series 1996-G, Series 1996-H,
Series 1996-J, Series 1996-K, Series 1996-L, Series 1996-M,
Series 1997-B, Series 1997-C and Series 1997-E
The Annual Accountant's report with respect to Series 1997-
F, Series
1997-I, Series 1997-J, Series 1997-K, Series 1997-M and
Series 1997-N
is not required until August 31, 1998.
99.02 Annual Servicer's Certificate dated August 6, 1997 with
respect to Series 1994-A, Series 1994-B, Series 1994-C,
Series 1994-D, Series 1995-A, Series 1995-B, Series 1995-C,
Series 1995-D, Series 1995-E, Series 1995-F, Series 1995-I,
Series 1995-J, Series 1996-A, Series 1996-B, Series 1996-C,
Series 1996-D, Series 1996-E, Series 1996-G, Series 1996-H,
Series 1996-J, Series 1996-K, Series 1996-L, Series 1996-M,
Series 1997-B, Series 1997-C and Series 1997-E
The Annual Servicer's Certificate with respect to Series
1997-F, Series
1997-I, Series 1997-J, Series 1997-K, Series 1997-M, and
Series 1997-N
is not required until August 31, 1998.
(b) Three reports on Form 8-K were filed by the registrant for
each month during the quarter ended December 31, 1997. This
report included the following:
Item 2. Acquisition or Disposition of Assets
Item 5. Other Events
(c) See item 14(a) (3) above.
SIGNATURES
----------
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned
thereunto duly authorized.
MBNA America Bank, National
Association
As originator of Trust
Registrant
Date: March 27, 1998 By: /s/ Bruce Crescenzo
--------------------------
- -----
Bruce Crescenzo
Vice President