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, 1998 333-62025
MBNA AMERICA BANK, NATIONAL ASSOCIATION,
ON BEHALF OF
MBNA MASTER CREDIT CARD TRUST II
(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,
Series 1997-N, Series 1998-A, and Series 1998-D.
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, Series 1997-N, Series 1998-A,
Series 1998-C, Series 1998-D, Series 1998-E, Series 1998-F,
Series 1998-G, Series 1998-I, and Series 1998-J. 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,
December 9, 1997, March 18, 1998, June 24, 1998, July 30, 1998,
August 11, 1998, August 26, 1998, September 10, 1998,
October 22, 1998, and October 29, 1998 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, Series 1997-N, Series 1998-A, Series 1998-C,
Series 1998-D, Series 1998-E, Series 1998-F, Series 1998-G,
Series 1998-I, and Series 1998-J. 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, 1998. Such direct
participants may hold Certificates for their own accounts or for
the accounts of their customers. At December 31, 1998, 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)- $ 50,750,000- 7.68%
-Bankers Trust Company - 170,210,000- 25.74%
-Boston Safe Deposit and Trust
Company- 64,515,000- 9.76%
-Chase Manhattan Bank- 56,030,000- 8.47%
-Citibank, N.A.- 59,200,000- 8.95%
-Investors Fiduciary Trust
Company/SSB- 40,905,000- 6.19%
-State Street Bank and Trust
Company- 164,555,000- 24.89%
Class B -Bank of New York (The)- $ 2,650,000 - 7.75%
-Bankers Trust Company- 2,150,000- 6.29%
-Boston Safe Deposit and Trust
Company- 9,500,000- 27.78%
-Chase Manhattan Bank- 17,200,000- 50.29%
-FUNB - Phila. Main- 2,000,000- 5.85%
- ---
Series 1994-B---
Class A -Bank of New York (The)- $46,000,000- 5.29%
-Chase Bank of Texas, N.A. - 130,000,000- 14.94%
-Chase Manhattan Bank- 272,665,000- 31.34%
-Investors Fiduciary Trust
Company/SSB- 74,635,000- 8.58%
-State Street Bank and Trust
Company- 264,100,000- 30.36%
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)- $ 131,429,000- 15.11%
-Bankers Trust Company- 103,900,000- 11.94%
-Boston Safe Deposit and Trust
Company- 54,800,000- 6.30%
-Chase Manhattan Bank- 260,125,000- 29.90%
-Chase Manhattan Bank/FI-TRAC 2- 50,000,000- 5.75%
-Citibank, N.A.- 50,500,000- 5.80%
-State Street Bank and Trust
Company- 105,250,000- 12.10%
Class B -Bankers Trust Company- $ 4,000,000- 8.89%
-Chase Manhattan Bank- 10,000,000- 22.22%
-Investors Bank & Trust/M.F. Custody- 10,000,000- 22.22%
-NBD Bank- 14,000,000- 31.11%
-SSB - Bank Portfolio- 7,000,000- 15.56%
- ---
Series 1995-A---
Class A -Bank of New York (The)- $ 80,534,000- 16.10%
-Bankers Trust Company- 40,100,000- 8.02%
-Boston Safe Deposit and Trust
Company- 63,050,000- 12.60%
-Chase Manhattan Bank- 95,389,000- 19.07%
-Citibank, N.A.- 140,000,000- 27.99%
-Merrill Lynch, Pierce Fenner &
Smith Safekeeping- 30,211,000- 6.04%
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)- $ 402,000,000- 61.61%
-Boston Safe Deposit and Trust
Company- 102,500,000- 15.71%
-First Union National Bank- 50,000,000- 7.66%
-State Street Bank and Trust Company- 60,000,000- 9.20%
Class B -Chase Manhattan Bank- $ 6,250,000- 18.52%
-Citibank, N.A.- 7,500,000- 22.22%
-State Street Bank and Trust Company- 20,000,000- 59.26%
- ---
Series 1995-C---
Class A -Bank of New York (The)- $ 40,315,000- 8.06%
-Bankers Trust Company- 28,890,000- 5.78%
-Boston Safe Deposit and Trust
Company- 71,768,000- 14.35%
-Chase Manhattan Bank- 51,240,000- 10.24%
-Investors Fiduciary Trust
Company/SSB- 49,615,000- 9.92%
-Northern Trust Company (The)- 25,847,000- 5.17%
-State Street Bank and Trust
Company- 120,320,000- 24.05%
Class B -NBD Bank - $ 25,875,000- 100.00%
- ---
Series 1995-D---
Class A -Bank of New York (The)- $ 37,925,000- 8.72%
-Bankers Trust Company- 35,354,000- 8.13%
-Boston Safe Deposit and Trust
Company- 26,150,000- 6.01%
-Chase Manhattan Bank- 96,215,000- 22.12%
-Northern Trust Company (The)- 46,445,000- 10.68%
-State Street Bank and Trust
Company- 68,706,000- 15.79%
Class B -NBD Bank - $ 22,500,000- 100.00%
- ---
Series 1995-E---
Class A -Bank of New York (The)- $ 71,725,000- 16.49%
-Bankers Trust Company- 65,000,000- 14.94%
-Chase Manhattan Bank- 132,675,000- 30.50%
-Citibank, N.A.- 25,600,000- 5.89%
-Marine/Treasury Investments- 24,375,000- 5.60%
-Merrill Lynch, Pierce Fenner &
Smith Safekeeping- 50,000,000- 11.49%
-State Street Bank and Trust Company- 26,790,000- 6.16%
Class B -Citibank, N.A.- $ 10,000,000- 44.44%
-NBD Bank - 12,500,000- 55.56%
- ---
Series 1995-F---
Class A -Bank of New York (The)- $ 72,760,001- 15.99%
-Bankers Trust Company- 31,430,000- 6.91%
-Boston Safe Deposit and Trust
Company- 63,350,000- 13.92%
-Chase Manhattan Bank- 36,030,000- 7.92%
-Chase Manhattan Bank/Salomon- 22,945,000- 5.04%
-FUNB - Phila. Main- 23,445,000- 5.15%
-Merrill Lynch, Pierce Fenner &
Smith Safekeeping- 31,045,000- 6.82%
-State Street Bank and Trust
Company- 85,475,000- 18.79%
Class B -Chase Manhattan Bank- $ 18,750,000- 100.00%
- ---
Series 1995-I---
Class A -Bank of New York (The)- $ 114,830,000- 17.60%
-Boston Safe Deposit and Trust
Company- 56,365,000- 8.64%
-Chase Manhattan Bank- 292,150,000- 44.77%
-State Street Bank and Trust
Company- 122,850,000- 18.83%
Class B -Bank of New York (The)- $ 10,000,000- 29.63%
-Citibank, N.A.- 7,000,000- 20.74%
-LBI - Lehman Government
Securites, Inc.- 3,500,000- 10.37%
-NBD Bank - 13,250,000- 39.26%
- ---
Series 1995-J---
Class A -Bank of New York (The)- $ 47,970,000- 11.03%
-Bankers Trust Company- $ 73,500,000- 16.90%
-Boston Safe Deposit and Trust
Company- 46,500,000- 10.69%
-Chase Manhattan Bank- 153,770,000- 35.35%
-Fuji Bank and Trust Company (The)- 25,000,000- 5.75%
-State Street Bank and Trust
Company- 28,750,000- 6.61%
-U.S. Bank National Association- 25,000,000- 5.75%
Class B -NBD Bank- $ 22,500,000- 100.00%
- ---
Series 1996-A---
Class A -Bank of New York (The)- $ 228,400,000- 37.50%
-Bankers Trust Company- 55,000,000- 9.03%
-Chase Manhattan Bank- 135,500,000- 22.25%
-Citibank, N.A.- 36,500,000- 5.99%
-Merrill Lynch, Pierce Fenner &
Smith- 50,000,000- 8.21%
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- $ 37,000,000- 8.51%
-Boston Safe Deposit and Trust
Company- 44,730,000- 10.28%
-Chase Bank of Texas, N.A.- 23,000,000- 5.29%
-Chase Manhattan Bank- 62,600,000- 14.39%
-Citibank, N.A.- 115,170,000- 26.48%
-Fuji Bank and Trust Company (The)- 25,000,000- 5.75%
-Marine/Treasury Investments- 30,500,000- 7.01%
-NBD Bank- 24,000,000- 5.52%
-State Street Bank and Trust
Company- 33,000,000- 7.59%
Class B -Boston Safe Deposit and Trust
Company- $ 22,500,000- 100.00%
- ---
Series 1996-C---
Class A -Bank of New York (The)- $ 432,000,000- 99.31%
Class B -Bankers Trust/Dealer Clearance- $ 20,500,000- 91.11%
-LBI - Lehman Government
Securites, Inc.- 2,000,000- 8.89%
- ---
Series 1996-D---
Class A -Bank of New York (The)- $ 160,720,000- 18.91%
-Bankers Trust Company- 42,630,000- 5.02%
-Chase Manhattan Bank- 274,490,000- 32.29%
-Citibank, N.A.- 55,000,000- 6.47%
-Northern Trust Company (The)- 72,301,000- 8.51%
-State Street Bank and Trust
Company- 169,509,000- 19.94%
Class B -Bank of New York (The)- $ 18,000,000- 24.00%
-Chase Manhattan Bank- 20,000,000- 26.67%
-Citibank, N.A.- 22,000,000- 29.33%
-Harris Trust & Savings Bank- 5,000,000- 6.67%
-Investors Bank % Trust/M.F.
Custody - 10,000,000- 13.33%
- ---
Series 1996-E---
Class A- Bank of New York (The)- $ 56,665,000- 8.89%
-Bankers Trust Company- 132,000,000- 20.71%
-BNY/ITC - Dealers Clearance
Special- 50,000,000- 7.84%
-Chase Bank of Texas- 60,000,000- 9.41%
-Chase Manhattan Bank- 60,790,000- 9.54%
-State Street Bank and Trust
Company - 127,720,000- 20.03%
-Swiss American Securities, Inc.- 49,000,000- 7.69%
Class B -Bank of New York (The)- $ 5,000,000- 8.89%
-Bankers Trust Company- 20,000,000- 35.56%
-Boston Safe Deposit and Trust
Company- 10,000,000- 17.78%
-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- $ 90,000,000- 21.18%
-Banque National DeParis- 40,500,000- 9.53%
-Chase Manhattan Bank- 75,000,000- 17.65%
-Citibank, N.A.- 59,000,000- 13.88%
-Chase Manhattan Bank/MSTC- 37,500,000- 8.82%
-Harris Trust & Savings Bank- 45,000,000- 10.59%
-Merrill Lynch, Pierce Fenner & Smith- 50,050,000- 11.78%
Class B -Bank of New York (The)- $ 5,000,000- 13.33%
-Bankers Trust Company- 27,500,000- 73.33%
-Chase Manhattan Bank- 5,000,000- 13.33%
- ---
Series 1996-H---
Class A -Bankers Trust Company- $ 222,725,000- 21.84%
-Boston Safe Deposit and Trust
Company- 223,305,000- 21.89%
-Chase Manhattan Bank- 139,275,000- 13.65%
-Citibank, N.A.- 94,600,000- 9.27%
-First Union National Bank- 51,060,000- 5.01%
-Northern Trust Company (The)- 124,645,000- 12.22%
-State Street Bank and Trust
Company- 66,305,000- 6.50%
Class B -BT Alex. Brown Incorporated-CP- $ 12,000,000- 13.33%
-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)- $ 141,155,000- 16.61%
-Bankers Trust Company- 42,965,000- 5.05%
-Chase Manhattan Bank- 248,645,000- 29.25%
-Chase Manhattan Bank/FI-Trac 2- 50,000,000- 5.88%
-Marine/Treasury Investments- 43,925,000- 5.17%
-State Street Bank and Trust
Company- 102,857,000- 12.10%
-Warburg Dillon Read LLC- 93,000,000- 10.94%
Class B -Bankers Trust Company- $ 30,000,000- 40.00%
-Boston Safe Deposit and Trust
Company- 25,000,000- 33.33%
-Chase Manhattan Bank- 20,000,000- 26.67%
Series 1996-K---
Class A -Bank of New York (The)- $ 60,940,000- 7.17%
-Bankers Trust Company- 304,465,000- 35.82%
-Boston Safe Deposit and Trust
Company- 51,546,000- 6.06%
-Chase Bank of Texas, N.A.- 358,454,000- 42.17%
Class B -Bank of New York (The)- $ 25,000,000- 33.33%
-Bankers Trust Company- 45,000,000- 60.00%
-Chase Manhattan Bank- 5,000,000- 6.67%
Series 1996-L---
Class A -Bankers Trust Company- $ 127,500,000- 30.00%
-Boston Safe Deposit and Trust
Company- 51,000,000- 12.00%
-Northern Trust Company (The)- 70,500,000- 16.59%
-State Street Bank and Trust
Company- 139,000,000- 32.71%
Class B -Bank of New York (The)- $ 10,000,000- 26.67%
-Chase Manhattan Bank- 25,000,000- 66.67%
Series 1996-M---
Class A -Bank of New York (The)- $ 27,450,000- 6.46%
-Banque National de Paris- 49,850,000- 11.73%
-Chase Manhattan Bank- 120,150,000- 28.27%
-Citibank, N.A.- 90,300,000- 21.25%
-Deutsche Bank A.G., New York
Branch- 51,600,000- 12.14%
-State Street Bank and Trust
Company- 26,000,000- 6.12%
Class B -Bank of New York (The)- $ 27,000,000- 72.00%
-Chase Manhattan Bank- 4,500,000- 12.00%
-LBI - Lehman Government
Securites, Inc.- 6,000,000- 16.00%
Series 1997-B---
Class A -Bank of New York (The)- $ 146,500,000- 17.24%
-Chase Bank of Texas, N.A.- 362,780,000- 42.68%
-Chase Manhattan Bank- 138,020,000- 16.24%
-Goldman, Sachs & Co.- 85,500,000- 10.06%
-Merrill Lynch, Pierce Fenner
& Smith- 46,200,000- 5.44%
-State Street Bank and Trust
Company- 44,000,000- 5.18%
Class B -Bank of New York (The)- $ 10,000,000- 13.33%
-Chase Manhattan Bank- 65,000,000- 86.67%
Series 1997-C---
Class A -Bank of New York (The)- $ 43,000,000- 6.75%
-Boston Safe Deposit and Trust
Company- 92,000,000- 14.43%
-Chase Manhattan Bank- 144,290,000- 22.63%
-Citibank, N.A.- 200,210,000- 31.41%
-State Street Bank and Trust
Company- 77,000,000- 12.08%
Class B -Bankers Trust Company- $ 14,250,000- 25.33%
-Boston Safe Deposit and Trust
Company- 37,000,000- 65.78%
-NBD Bank 5,000,000- 8.89%
Series 1997-E---
Class A -Bank of New York (The)- $ 55,000,000- 8.63%
-Bankers Trust Company- 115,000,000- 18.04%
-Boston Safe Deposit and Trust
Company- 63,000,000- 9.88%
-Chase Manhattan Bank- 89,500,000- 14.04%
-Citibank, N.A.- 95,250,000- 14.94%
-State Street Bank and Trust
Company- 174,250,000- 27.33%
Class B -Brown Brothers Harriman & Co.- $ 5,000,000- 8.89%
-Chase Manhattan Bank- 31,250,000- 55.56%
-NBD Bank - 15,000,000- 26.67%
-State Street Bank and Trust
Company- 5,000,000- 8.89%
Series 1997-F---
Class A -Bank of New York (The)- $ 69,890,000-
11.65%
-Bankers Trust Company- 229,765,000- 37.79%
-Boston Safe Deposit and Trust Company- 73,805,000-
12.30%
-Chase Manhattan Bank- 38,615,000- 6.44%
-Northern Trust Company (The)- 46,200,000-
7.70%
-State Street Bank and Trust Company- 42,530,000-
7.09%
Class B -Bankers Trust Company- $ 13,000,000-
24.53%
-Boston Safe Deposit and Trust Company- 10,000,000-
18.87%
-Chase Manhattan Bank- 20,000,000- 37.74%
-NBD Bank - 10,000,000- 18.87%
Series 1997-I---
Class A- Bank of New York (The)- $ 103,472,000- 16.23%
-Bankers Trust Company- 96,140,000- 15.08%
-Boston Safe Deposit and Trust Company- 88,428,000-
13.87%
-Chase Manhattan Bank- 110,669,000- 17.36%
-Deutsche Bank A.G.- 50,000,000- 7.84%
-Fifth Third Bank/State Teachers
Retirement of Ohio- 35,070,000- 5.50%
Class B -Chase Manhattan Bank- $ 9,250,000-
16.44%
-Citibank, N.A.- 7,000,000- 12.44%
-LBI - Lehman Government Securites, Inc.- 25,000,000-
44.44%
-State Street Bank and Trust Company- 15,000,000-
26.67%
Series 1997-J---
Class A -The Bank of New York/Barclays
De Zoete Wedd Securities- $ 145,000,000- 22.75%
-Chase Manhattan Bank- 102,450,000- 16.07%
-Citibank, N.A.- 45,950,000- 7.21%
-State Street Bank and Trust Company- 230,000,000-
36.08%
Class B -Bankers Trust Company- $ 15,000,000-
26.67%
-Citibank, N.A.- 5,000,000- 8.89%
-LBI - Lehman Government Securites, Inc.- 36,250,000-
64.44%
- ---
Series 1997-K---
Class A -SSB- Trust Custody- $ 599,500,000-
94.04%
Class B -ABN AMRO Incorporated/Bond Trading- $ 15,250,000-
27.11%
-Chase Manhattan Bank- 20,000,000- 35.56%
-Citibank, N.A. 6,000,000- 10.67%
-State Street Bank and Trust Company 15,000,000-
26.67%
Series 1997-M---
Class A- Bankers Trust Company- $ 104,910,000- 16.46%
-Chase Manhattan Bank- 148,300,000- 23.26%
-State Street Bank and Trust Company- 320,515,000-
50.28%
Class B -Boston Safe Deposit and Trust Company- $ 6,250,000-
11.11%
-Chase Manhattan Bank- 50,000,000- 88.89%
Series 1997-N ---
Class A -Bankers Trust Company- $ 106,140,000-
13.87%
-Boston Safe Deposit and Trust Company- 191,925,000-
25.09%
-Chase Manhattan Bank- 41,610,000- 5.44%
-Citibank, N.A.- 150,000,000- 19.61%
-Northern Trust Company (The)- 73,015,000-
9.54%
-State Street Bank and Trust Company- 125,515,000-
16.41%
Class B -Bank of New York (The)- $ 20,000,000-
29.63%
-Chase Manhattan Bank- 25,000,000- 37.04%
-Harris Trust & Savings Bank- 22,500,000- 33.33%
- ---
Series 1998-A---
Class A -Bank of New York (The)- $ 40,500,000- 6.35%
-Bankers Trust Company- 130,000,000- 20.39%
-Brown Brothers Harriman & Co.- 80,000,000- 12.55%
-Chase Manhattan Bank- 35,000,000- 5.49%
-Citibank, N.A.- 32,000,000- 5.02%
-First Union National Bank- 60,505,000- 9.49%
-State Street Bank and Trust Company- 226,005,000-
35.45%
Class B -Chase Manhattan Bank- $ 56,250,000- 100.00%
- ---
Series 1998-C---
Class A -Bankers Trust Company- $ 90,000,000-
14.12%
-Chase Manhattan Bank- 217,000,000- 34.04%
-Citibank, N.A.- 67,500,000- 10.59%
-State Street Bank and Trust Company- 213,800,000-
33.54%
Class B -Bank of New York (The)- $ 7,500,000-
13.33%
-Bankers Trust Company- 35,000,000- 62.22%
-Chase Manhattan Bank- 13,750,000- 24.44%
Series 1998-D---
Class A -Bank of New York (The)- $ 24,229,000-
5.10%
-Bankers Trust Company- 125,327,000- 26.38%
-Bank of New York (The) - Fleet N.W.1- 100,000,000-
21.05%
-Boston Safe Deposit and Trust Company- 33,400,000-
7.03%
-Citibank, N.A.- 54,030,000- 11.37%
-Keybank National Association 25,360,000 5.34%
State Street Bank and Trust Company- 40,651,000-
8.56%
Class B -Bank of New York (The)- $ 8,050,000-
19.17%
-BT Alex. Brown Incorporated-CP- 10,000,000- 23.81%
-Chase Manhattan Bank- 22,000,000- 52.38%
Series 1998-E---
Class A -State Street Bank and Trust Company- $ 750,000,000-
100.00%
Class B -Bankers Trust Company- $ 66,200,000-
100.00%
- ---
- ---
Series 1998-F---
Class A -Bankers Trust Company- $ 125,000,000-
29.41%
-Boston Safe Deposit and Trust Company- 92,000,000-
21.65%
-Chase Manhattan Bank- 75,000,000- 17.65%
-Chase Manhattan Bank/FI-TRAC 2- 39,000,000- 9.18%
-Citibank, N.A.- 82,700,000- 19.46%
Class B -Bankers Trust Company- $ 37,500,000-
100.00%
Series 1998-G---
Class A- State Street Bank and Trust Company $ 637,500,000-
100.00%
Class B -Bankers Trust Company- $ 31,250,000-
56.56%
-Chase Manhattan Bank 15,000,000 26.67%
-NBD Bank- 10,000,000- 17.78%
Series 1998-I---
Class A -Bank of New York (The)- $ 236,180,000-
37.05%
-Chase Manhattan Bank- 70,000,000- 10.98%
-Citibank, N.A.- 71,900,000- 11.28%
-Fuji Bank and Trust Company (The)- 50,000,000- 7.84%
-Northern Trust Company (The)- 55,170,000-
8.65%
-State Street Bank and Trust Company - 51,000,000-
8.00%
Class B -Citibank, N.A.- $ 12,500,000- 22.22%
-Fuji Bank and Trust Company (The)- 25,000,000-
44.44%
-Harris Trust & Savings Bank- 3,000,000-
5.33%
-SSB - Bank Portfolio- 15,750,000- 28.00%
Series 1998-J-
- --
Class A -Bank of New York (The)- $ 85,490,000-
12.95%
-Bankers Trust Company- 59,600,000- 9.03%
-Boston Safe Deposit and Trust Company- 70,090,000-
10.62%
-Chase Manhattan Bank- 38,367,000- 5.81%
-Northern Trust Company (The)- 36,985,000- 5.60%
-State Street Bank and Trust Company - 263,820,000-
39.97%
Class B -Boston Safe Deposit and Trust Company- $ 10,000,000-
22.22%
-Chase Manhattan Bank- 25,000,000- 55.56%
-State Street Bank and Trust Company - 10,000,000-
22.22%
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
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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 7, 1998 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,
Series 1997-E, Series 1998-A, Series 1998-C, Series 1998-D, Series 1998-E,
Series 1998-F, Series 1998-G, Series 1998-I, and Series 1998-J.
The Annual Accountant's report with respect to Series 1998-D, Series
1998-E, Series 1998-F, Series 1998-G, Series 1998-I and Series 1998-J
is not required until August 31, 1999.
99.02 Annual Servicer's Certificate dated August 7, 1998 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,
Series 1997-E, Series 1998-A, Series 1998-C, Series 1998-D, Series 1998-E,
Series 1998-F, Series 1998-G, Series 1998-I, and Series 1998-J.
The Annual Servicer's Certificate with respect to Series 1998-D, Series
1998-E, Series 1998-F, Series 1998-G, Series 1998-I, and Series 1998-J
is not required until August 31, 1999.
99.03 Year 2000 Information
(b) Three reports on Form 8-K were filed on October 14, 1998, November 13,
1998, and December 15, 1998, respectively, by the registrant for each
month during the quarter ended December 31, 1998. This report included
the following:
Item 2. Acquisition or Disposition of Assets
Item 5. Other Events
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
(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 31, 1999 By: /s/ David Martini
-------------------------------
David Martini
Vice President