Exhibit 99.25
MBNA MASTER CREDIT CARD TRUST II
SERIES 1997-N
KEY PERFORMANCE FACTORS
October 31, 2000
Expected B Maturity 11/15/00
Blended Coupon 6.7875%
Excess Protection Level
3 Month Average 5.92%
October, 2000 6.36%
September, 2000 5.82%
August, 2000 5.59%
Cash Yield 19.69%
Investor Charge Offs 4.51%
Base Rate 8.82%
Over 30 Day Delinquency 5.23%
Seller's Interest 10.66%
Total Payment Rate 14.07%
Total Principal Balance $56,359,968,018.99
Investor Participation Amount $900,000,000.00
Seller Participation Amount $6,009,277,457.50