<PAGE> 1
EXHIBIT 20.1
EXHIBIT C
FORM OF MONTHLY SERIES 1996-1 CERTIFICATEHOLDERS' STATEMENT
Series 1996-1
MBNA America Bank, N.A.
FIRST UNION MASTER CREDIT CARD TRUST
The information which is required to be prepared with respect to
the Distribution Date NOVEMBER 15, 2000 and with respect to the performance of
the Trust during the related Monthly Period.
Capitalized terms used in this Statement have their respective
meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
A Information Regarding the Currrent Monthly Distribution
(Stated on the basis of $1,000 Original Certificate Principal Amount)
<S> <C> <C> <C>
1 The amount of the current monthly distribution in
respect of Class A Monthly Principal 0
---------------------
2 The amount of the current monthly distribution in
respect of Class B Monthly Principal 0
---------------------
3 The amount of the current monthly distribution in
respect of Collateral Monthly Principal 13,879,696
---------------------
4 The amount of the current monthly distribution in
respect of CLASS A MONTHLY INTEREST 5,205,667
---------------------
5 The amount of the current monthly distribution in
respect of Class A Deficiency Amounts 0
---------------------
6 The amount of the current monthly distribution in
respect of Class A Additional Interest 0
---------------------
7 The amount of the current monthly distribution in
respect of CLASS B MONTHLY INTEREST 433,447
---------------------
8 The amount of the current monthly distribution in
respect of Class B Deficiency Amounts 0
---------------------
9 The amount of the current monthly distribution in
respect of Class B Additional Interest 0
---------------------
10 The amount of the current monthly distribution in
respect of COLLATERAL MONTHLY INTEREST 390,747
---------------------
11 The amount of the current monthly distribution in
respect of any accrued and unpaid Collateral monthly interest 0
---------------------
</TABLE>
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<TABLE>
<CAPTION>
B Information Regarding the Performance of the Trust
<S> <C> <C> <C>
1 COLLECTION OF PRINCIPAL RECEIVABLES
a) The aggregate amount of Principal Collections
processed during the related Monthly
Period which were allocated in respect of the
Class A Certificates 89,084,912
---------------------
b) The aggregate amount of Principal Collections
processed during the related Monthly
Period which were allocated in respect of the
Class B Certificates 7,288,792
---------------------
c) The aggregate amount of Principal Collections
processed during the related Monthly Period
which were allocated in respect of the
Collateral Interest 11,608,037
---------------------
</TABLE>
<TABLE>
<CAPTION>
2 PRINCIPAL RECEIVABLES IN THE TRUST
<S> <C> <C>
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 (ending Principal Balance) 1,878,341,271
---------------------
b) The amount of Principal Receivables in the
Trust represented by the Series 1996-1
Adjusted Investor Interest as of the end of
the day on the last day of the related
Monthly Period (10/31/00) 600,362,202
---------------------
c) 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 (10/31/00) 459,058,376
---------------------
d) 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 (10/31/00) 75,273,000
---------------------
e) The amount of Principal Receivables in
the Trust represented by the Collateral
Adjusted Interest as of the end of the day on the last
day of the related Monthly Period (10/31/00) 66,030,826
---------------------
f) The Floating Investor Percentage with
respect to the related Monthly Period 38.50%
---------------------
g) The Class A Floating Allocation with respect
to the related Monthly Period 76.46%
---------------------
h) The Class B Floating Allocation with respect
to the related Monthly Period 12.54%
---------------------
</TABLE>
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<TABLE>
<S> <C> <C>
I) The Collateral Floating Allocation with respect
to the related Monthly Period 11.00%
---------------------
j) The Fixed Investor Percentage with respect to
the related Monthly Period 58.85%
---------------------
k) The Class A Fixed Allocation with respect to
the related Monthly Period 82.50%
---------------------
l) The Class B Fixed Allocation with respect to
the related Monthly Period 6.75%
---------------------
m) The Collateral Fixed Allocation with respect
to the related Monthly Period 10.75%
---------------------
</TABLE>
<TABLE>
<CAPTION>
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:
Aggregate Percentage of
Account Total
Balance Receivables
<S> <C> <C> <C>
a) 35 - 64 days 25,564,649 1.31%
----------------- ---------------------
b) 65-94 days 14,289,260 0.73%
----------------- ---------------------
c) 95-124 days 8,802,127 0.45%
----------------- ---------------------
d) 125-154 days 6,112,946 0.31%
----------------- ---------------------
e) 155 or more days 5,182,668 0.27%
----------------- ---------------------
Total 59,951,650 3.07%
----------------- ---------------------
</TABLE>
<TABLE>
<CAPTION>
4 CREDIT LOSS AMOUNT (ALLOCABLE TO SERIES 1996-1)
<S> <C> <C> <C>
a) The Aggregate Credit Loss Amount for
the related Monthly Period 1,296,618
---------------------
b) The Class A Credit Loss Amount for
the related Monthly Period 1,020,787
---------------------
c) The Class B Credit Loss Amount for
the related Monthly Period 133,795
---------------------
d) The Collateral Credit Loss Amount for
the related Monthly Period 142,035
---------------------
</TABLE>
<TABLE>
<CAPTION>
5 INVESTOR CHARGE OFFS
<S> <C> <C> <C>
a) The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period 0
---------------------
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
---------------------
</TABLE>
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<TABLE>
<S> <C> <C>
c) The aggregate amount of Class B Investor
Charge Offs for the related Monthly Period 0
---------------------
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
---------------------
e) The aggregate amount of Collateral Charge
Offs for the related Monthly Period 0
---------------------
f) The aggregate amount of Collateral Charge
Offs set forth in 5(e) above per $1,000 of
original certificate principal amount 0
---------------------
g) The aggregate amount of Class A Investor
Charge Offs reimbursed on the Transfer Date
immediately preceding this Distribution Date 0
---------------------
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
---------------------
i) The aggregate amount of Class B Investor
Charge Offs reimbursed on the Transfer Date
immediately preceding this Distribution Date 0
---------------------
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 Distribution Date 0
---------------------
k) The aggregate amount of Collateral Charge
Offs reimbursed on the Transfer Date
immediately preceding this Distribution Date 0
---------------------
l) The aggregate amount of Collateral 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
---------------------
</TABLE>
<TABLE>
<CAPTION>
6 INVESTOR SERVICING FEE (ALLOCABLE TO SERIES 1996-1)
<S> <C> <C> <C>
a) The amount of the Class A Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period 478,186
---------------------
b) The amount of the Class B Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period 78,409
---------------------
c) The amount of the Collateral Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period 68,782
---------------------
</TABLE>
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<TABLE>
<S> <C> <C>
d) The amount of Servicer Interchange
payable by the Trust to the Servicer for the
related Monthly Period 375,226
---------------------
</TABLE>
<TABLE>
<CAPTION>
7 REALLOCATIONS
<S> <C> <C>
a) The amount of Reallocated Collateral Principal
collections with respect to this Distribution Date 0
---------------------
b) The amount of Reallocated Class B Principal
collections with respect to this Distribution Date 0
---------------------
c) The COLLATERAL BALANCE as of the close of
business on this Distribution Date (11/15/00) 52,151,131
---------------------
d) The CLASS B INVESTOR BALANCE as of the close
of business on this Distribution Date 75,273,000
---------------------
</TABLE>
<TABLE>
<CAPTION>
8 FINANCE CHARGE COLLECTIONS ALLOCABLE TO SERIES 1996-1
<S> <C> <C>
a) The aggregate amount of Collections of Finance
Charge Receivables processed during the
related Monthly Period which were allocated
in respect of the Class A Certificates 14,367,782
---------------------
b) The aggregate amount of Collections of Finance
Charge Receivables processed during the
related Monthly Period which were allocated
in respect of the Class B Certificates 1,552,937
---------------------
c) The aggregate amount of Collections of Finance
Charge Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest 1,637,923
---------------------
</TABLE>
<TABLE>
<CAPTION>
9 PRINCIPAL FUNDING ACCOUNT
<S> <C> <C>
a) The principal amount on deposit in the Principal
Funding Account on or before the related Transfer Date
(NOVEMBER 14, 2000): 576,177,030
---------------------
b) The Accumulation Shortfall with respect to the
related Monthly Period 0
---------------------
c) The Principal Funding Investment Proceeds
deposited in the Finance Charge Account on or
before the Transfer Date of the related
Monthly Period 2,456,778
---------------------
d) The amount of all or the portion of the Reserve
Draw Amount deposited in the Finance Charge
Account on or before the Transfer date of the
related Monthly Period from the Reserve Account 151,383
---------------------
</TABLE>
<TABLE>
<S> <C>
10 RESERVE DRAW AMOUNT 151,383
---------------------
</TABLE>
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<TABLE>
<CAPTION>
11 AVAILABLE FUNDS [FINANCE CHARGE COLLECTIONS MINUS
SERVICER INTERCHANGE]
<S> <C> <C>
a) The amount of Class A Available Funds on deposit
in the Finance Charge Account on or before the
related Transfer Date 14,080,871
---------------------
b) The amount of Class B Available Funds on deposit
in the Finance Charge Account on the related
Transfer Date 1,505,891
---------------------
c) The amount of Collateral Available Funds on
deposit in the Finance Charge Account on the
related Transfer Date 1,596,653
---------------------
</TABLE>
<TABLE>
<CAPTION>
12 PORTFOLIO YIELD (YIELD MINUS CHARGE OFFS)
<S> <C> <C> <C>
a) The Portfolio Yield for the related Monthly Period 18.39%
---------------------
b) The Portfolio Adjusted Yield for the related Monthly
Period 9.21%
---------------------
</TABLE>
<TABLE>
C FLOATING RATE DETERMINATIONS
<S> <C> <C>
1 LIBOR for the Interest Period ending on this
Distribution Date 6.62000%
---------------------
2 Number of days in this interest period 30
---------------------
</TABLE>
<TABLE>
<CAPTION>
D CUSIP Numbers
<S> <C> <C>
1 Class A 337365AA8
---------------------
2 Class B 337365AB6
---------------------
</TABLE>
MBNA AMERICA BANK,
NATIONAL ASSOCIATION
Servicer
By: /s/ Jack Fioravanti
-------------------------------
Name: Jack Fioravanti
Title: Senior Vice President