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FORM 8-KA
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20529
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Date of Report: July 14, 1998
MBNA AMERICA BANK, NATIONAL ASSOCIATION
ON BEHALF OF THE
MBNA MASTER CREDIT CARD TRUST II
(Exact name of registrant as specified in its charter)
United States 333-17253 51-0331454
- ----------------- ----------------------------- --------------
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
Wilmington, DE 19884-0781
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- -
(Address of principal executive office)
Registrant's telephone number, including area code (800) 362-6255.
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<PAGE>
ITEM 5. OTHER EVENTS
The Registrant is amending its Form 8-K dated July 14, 1998 to include
the MBNA Master Credit Card Trust II, Series 1998-A Certificateholders'
Statement and Key Performance Factors, which were inadvertently omitted.
The MBNA Master Credit Card Trust II, Series 1998-C Certificateholders'
Statement and Key Performance Factors were unintentionally filed. The
Certificateholders' Statement and Key Performance Factors with respect
to the MBNA Master Credit Card Trust II, Series 1998-A Certificates are
attached hereto as exhibits under Item 7.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION, AND
EXHIBITS
The following is filed as an Exhibit to this Report under Exhibit 20:
20.32 Series 1998-A Certificateholders' Statement for the month ended
June 30, 1998.
The following is filed as an Exhibit to this Report under Exhibit 99:
99.32. Series 1998-A Key Performance Factors for the month ended June
30, 1998.
SIGNATURES
Pursuant to the requirements 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.
Dated: July 14, 1998
MBNA AMERICA BANK, NATIONAL ASSOCIATION
By: David Martini
----------------------------------
Name: David Martini
Title: Vice President
CLASS A CUSI262TDC4Exhibit 20.32
CLASS B CUSIP 55262TDD2
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1998-A
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JUNE 30, 1998
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of July 15, 1998, and with respect to the performance
of the trust during the month of June, 1998 is set forth below.
Capitalized terms used in this statement have their respective meanings
set forth in the Pooling and Servicing Agreement.
A. Information Regarding the Current Monthly Distribution to
Certificateholders (Stated on the Basis of $1,000 Original Certificate
Principal Amount).
1.The amount of distribution in respect of
Class A Monthly Principal$0.000000
------------------
2.The amount of distribution in respect of
Class B Monthly Principal$0.000000
------------------
3.The amount of distribution in respect of
Collateral Monthly Principal$0.000000
------------------
4.The amount of distribution in respect of
Class A Monthly Interest$4.805208
------------------
5.The amount of distribution in respect of
Class A Deficiency Amounts$0.000000
------------------
6.The amount of distribution in respect of
Class A Additional Interest$0.000000
------------------
7.The amount of distribution in respect of
Class B Monthly Interest$4.930208
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 0.000000
------------------
9.The amount of distribution in respect of
Class B Additional Interest$0.000000
------------------
10.The amount of distribution in respect of
Collateral Monthly Interest$5.516667
------------------
11.The amount of distribution in respect of any
accrued and unpaid Collateral Monthly Interest$0.000000
------------------
B.Information Regarding the Performance of the Trust
1.Collection of Principal Receivables
(a) The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Class A Certificates $78,137,612.20
------------------
(b)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Class B Certificates $6,894,493.73
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $6,894,493.73
------------------
2.Principal Receivables in the Trust
(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 $35,974,950,178.51
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1998-A as of the end of the day on
the last day of the related Monthly Period $750,000,000.00
------------------
(c)The amount of Principal Receivables in the
Trust represented by the Adjusted Investor
Interest of Series 1998-A as of the end of
the day on the last day of the related
Monthly Period $750,000,000.00
------------------
(d)The amount of Principal Receivables in the
Trust represented by the Class A Investor
Interest as of the end of the day on the
last day of the related Monthly Period $637,500,000.00
------------------
(e)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$637,500,000.00
------------------
(f)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 $56,250,000.00
------------------
(g)The amount of Principal Receivables in the
Trust represented by the Class B Adjusted
Interest as of the end of the day on the
last day of the related Monthly period $56,250,000.00
------------------
(h)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
as of the end of the day on the last day of
the related Monthly period $56,250,000.00
------------------
(i)The Floating Investor Percentage with
respect to the period:
June 1, 1998 through June 30, 1998 2.11%
(j)The Class A Floating Allocation with
respect to the related Monthly Period0.850000
- ----------
(k)The Class B Floating Allocation with
respect to the related Monthly Period0.075000
- ----------
(l)The Collateral Floating Allocation with
respect to the related Monthly Period0.075000
- ----------
(m)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(n)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Collateral Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
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:
PercentageAggregate
of TotalAccount
ReceivablesBalance
(a) 35 - 64 days:1.89%692,770,632.98
- ------------------------
(b) 65 - 94 days:0.96%351,228,023.03
- ------------------------
(c) 95 - 124 days:0.73%267,000,488.16
- ------------------------
(d)125 - 154 days:0.57%209,987,447.30
- ------------------------
(e)155 or more days:0.91%336,685,131.12
- ------------------------
Total5.06%1,857,671,722.59
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $3,189,067.33
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $2,710,707.31
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $239,180.01
------------------
(d)The Collateral Default Amount for the
related Monthly Period $239,180.01
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 0.00
------------------
(b)The aggregate amount of Class A Investor
Charge Offs set forth in 5 (a) above per
$1,000 of original certificate principal
amount$ 0.00
------------------
(c)The aggregate amount of Class B Investor
Charge Offs for the related Monthly Period $ 0.00
------------------
(d)The aggregate amount of Class B Investor
Charge Offs set forth in 5 (c) above per
$1,000 of original certificate principal
amount $ 0.00
------------------
(e)The aggregate amount of Collateral Charge
Offs for the related Monthly Period $ 0.00
------------------
(f)The aggregate amount of Collateral Charge
Offs set forth in 5 (e) above per $1,000
of original certificate principal amount $ 0.00
------------------
(g)The aggregate amount of Class A Investor
Charge Offs reimbursed on the Transfer Date
immediately preceding this Distribution Date$ 0.00
------------------
(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 $ 0.00
------------------
(i)The aggregate amount of Class B Investor
Charge Offs reimbursed on the Transfer Date
immediately preceding this Distribution Date $ 0.00
------------------
(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 $ 0.00
------------------
(k)The aggregate amount of Collateral Charge
Offs reimbursed on the Transfer Date
immediately preceding this Distribution
Date $ 0.00
------------------
(l)The aggregate amount of Collateral Charge
Offs set forth in 5 (k) above per $1,000
original certificate principal amount
reimbursed on the Transfer Date immediately
preceding this Distribution Date$ 0.00
------------------
6.Investor Servicing Fee
(a)The amount of the Class A Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period$664,062.50
------------------
(b)The amount of the Class B Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period $58,593.75
------------------
(c)The amount of the Collateral Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period$58,593.75
------------------
(d)The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $468,750.00
------------------
7.Reallocations
(a)The amount of Reallocated Collateral
Principal Collections with respect to
this Distribution Date $ 0.00
------------------
(b)The amount of Reallocated Class B
Principal Collections with respect to
this Distribution Date $ 0.00
------------------
(c)The Collateral Interest as of the close
of business on this Distribution
Date $56,250,000.00
------------------
(d)The Class B Investor Interest as of the
close of business on this Distribution
Date $56,250,000.00
------------------
(e)The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $56,250,000.00
------------------
8.Principal Funding Account
(a)The principal amount on deposit in the
Principal Funding Account on the related
Transfer Date (after taking into account
deposits on such date but prior to
withdrawals) $ 0.00
------------------
(b)The Accumulation Shortfall with respect
to the related Monthly Period$ 0.00
------------------
(c)The Principal Funding Investment Proceeds
deposited in the Finance Charge Account
on the related Transfer Date to be treated
as Class A Available Funds $ 0.00
------------------
(d)The Principal Funding Investment Proceeds
deposited in the Finance Charge Account
on the related Transfer Date to be treated
as Class B Available Funds $ 0.00
------------------
(e)The amount of all or a portion of the
Reserve Draw Amount deposited in the
Finance Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
------------------
(1)The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class A Available Funds $ 0.00
------------------
(2)The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class B Available Funds $ 0.00
------------------
(f)Interest Earnings on funds on deposit
in the Reserve Account deposited in the
Finance Charge Account on the related
Transfer Date $ 0.00
------------------
9.Available Funds
(a)The amount of Class A Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $8,986,553.82
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $792,931.18
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $792,931.18
------------------
10.Collection of Finance Charge Receivables
(a)The aggregate amount of Collections of
Finance Charge Receivables and Annual
Membership Fees processed during the
related Monthly Period, any Principal
Funding Investment Proceeds and amounts
if any withdrawn from the Reserve Account
and allocated in respect of the Class A
Certificates $9,384,991.32
------------------
(b)The aggregate amount of Collections of
Finance Charge Receivables and Annual
Membership Fees processed during the
related Monthly Period, any Principal
Funding Investment Proceeds and amounts
if any withdrawn from the Reserve Account
and which were allocated in respect of
the Class B Certificates $828,087.43
------------------
(c)The aggregate amount of Collections of
Finance Charge Receivables and Annual
Membership Fees processed during the
related Monthly Period which were
allocated in respect of the Collateral
Interest $828,087.43
------------------
11.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 12.56%
- --------
(b)The Portfolio Adjusted Yield 4.14%
- --------
C.Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination -5.65625%
- -----------
Collateral Interest determination - 5.65625%
- -----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
Bruce Crescenzo
By:________________________
Name: Bruce Crescenzo
Title: Vice President
1998-A
Exhibit 99.32
MBNA MASTER CREDIT CARD TRUST II
SERIES 1998-A
KEY PERFORMANCE FACTORS
June 30, 1998
Expected B Maturity 3/17/2003
Blended Coupon 5.8105%
Excess Protection Level
3 Month Average 4.64%
June, 1998 4.72%
May, 1998 4.96%
April, 1998 4.23%
Cash Yield17.67%
Investor Charge Offs 5.10%
Base Rate 7.84%
Over 35 Day Delinquency 5.06%
Seller's Interest12.61%
Total Payment Rate13.35%
Total Principal Balance$35,974,950,178.51
Investor Participation Amount$750,000,000.00
Seller Participation Amount$4,536,555,660.02
