=============================================================================
=
FORM 8-K
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: February 14, 2000
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 333-89755 51-0331454
- ----------------- ----------------------------- --------------
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
Wilmington, DE 19884-0781
- -----------------------------------------------------------------------------
- -
(Address of principal executive office)
Registrant's telephone number, including area code (800) 362-6255.
---------------
<PAGE>
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION, AND
EXHIBITS
The following are filed as Exhibits to this Report under Exhibit 20:
20.1 Series 1994-C Certificateholders' Statement for the month ended
January 31, 2000.
20.2 Series 1995-A Certificateholders' Statement for the month ended
January 31, 2000.
20.3 Series 1995-B Certificateholders' Statement for the month ended
January 31, 2000.
20.4 Series 1995-C Certificateholders' Statement for the month ended
January 31, 2000.
20.5 Series 1995-D Certificateholders' Statement for the month ended
January 31, 2000.
20.6 Series 1995-E Certificateholders' Statement for the month ended
January 31, 2000.
20.7 Series 1995-F Certificateholders' Statement for the month ended
January 31, 2000.
20.8 Series 1995-I Certificateholders' Statement for the month ended
January 31, 2000.
20.9 Series 1995-J Certificateholders' Statement for the month ended
January 31, 2000.
20.10 Series 1996-A Certificateholders' Statement for the month ended
January 31, 2000.
20.11 Series 1996-B Certificateholders' Statement for the month ended
January 31, 2000.
20.12 Series 1996-C Certificateholders' Statement for the month ended
January 31, 2000.
20.13 Series 1996-D Certificateholders' Statement for the month ended
January 31, 2000.
20.14 Series 1996-E Certificateholders' Statement for the month ended
January 31, 2000.
20.15 Series 1996-G Certificateholders' Statement for the month ended
January 31, 2000.
20.16 Series 1996-H Certificateholders' Statement for the month ended
January 31, 2000.
20.17 Series 1996-J Certificateholders' Statement for the month ended
January 31, 2000.
20.18 Series 1996-K Certificateholders' Statement for the month ended
January 31, 2000.
20.19 Series 1996-M Certificateholders' Statement for the month ended
January 31, 2000.
20.20 Series 1997-B Certificateholders' Statement for the month ended
January 31, 2000.
20.21 Series 1997-C Certificateholders' Statement for the month ended
January 31, 2000.
20.22 Series 1997-E Certificateholders' Statement for the month ended
January 31, 2000.
20.23 Series 1997-F Certificateholders' Statement for the month ended
January 31, 2000.
20.24 Series 1997-I Certificateholders' Statement for the month ended
January 31, 2000.
20.25 Series 1997-J Certificateholders' Statement for the month ended
January 31, 2000.
20.26 Series 1997-K Certificateholders' Statement for the month ended
January 31, 2000.
20.27 Series 1997-M Certificateholders' Statement for the month ended
January 31, 2000.
20.28 Series 1997-N Certificateholders' Statement for the month ended
January 31, 2000.
20.29 Series 1998-A Certificateholders' Statement for the month ended
January 31, 2000.
20.30 Series 1998-C Certificateholders' Statement for the month ended
January 31, 2000.
20.31 Series 1998-D Certificateholders' Statement for the month ended
January 31, 2000.
20.32 Series 1998-E Certificateholders' Statement for the month ended
January 31, 2000.
20.33 Series 1998-F Certificateholders' Statement for the month ended
January 31, 2000.
20.34 Series 1998-G Certificateholders' Statement for the month ended
January 31, 2000.
20.35 Series 1998-I Certificateholders' Statement for the month ended
January 31, 2000.
20.36 Series 1998-J Certificateholders' Statement for the month ended
January 31, 2000.
20.37 Series 1999-A Certificateholders' Statement for the month ended
January 31, 2000.
20.38 Series 1999-B Certificateholders' Statement for the month ended
January 31, 2000.
20.39 Series 1999-D Certificateholders' Statement for the month ended
January 31, 2000.
20.40 Series 1999-E Certificateholders' Statement for the month ended
January 31, 2000.
20.41 Series 1999-G Certificateholders' Statement for the month ended
January 31, 2000.
20.42 Series 1999-H Certificateholders' Statement for the month ended
January 31, 2000.
20.43 Series 1999-I Certificateholders' Statement for the month ended
January 31, 2000.
20.44 Series 1999-J Certificateholders' Statement for the month ended
January 31, 2000.
20.45 Series 1999-L Certificateholders' Statement for the month ended
January 31, 2000.
20.46 Series 1999-M Certificateholders' Statement for the month ended
January 31, 2000.
<PAGE>
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION, AND
EXHIBITS
The following are filed as Exhibits to this Report under Exhibit 99:
99.1. Series 1994-C Key Performance Factors for the month ended January
31, 2000.
99.2. Series 1995-A Key Performance Factors for the month ended January
31, 2000.
99.3. Series 1995-B Key Performance Factors for the month ended January
31, 2000.
99.4. Series 1995-C Key Performance Factors for the month ended January
31, 2000.
99.5. Series 1995-D Key Performance Factors for the month ended January
31, 2000.
99.6. Series 1995-E Key Performance Factors for the month ended January
31, 2000.
99.7. Series 1995-F Key Performance Factors for the month ended January
31, 2000.
99.8. Series 1995-I Key Performance Factors for the month ended January
31, 2000.
99.9. Series 1995-J Key Performance Factors for the month ended January
31, 2000.
99.10. Series 1996-A Key Performance Factors for the month ended January
31, 2000.
99.11. Series 1996-B Key Performance Factors for the month ended January
31, 2000.
99.12. Series 1996-C Key Performance Factors for the month ended January
31, 2000.
99.13. Series 1996-D Key Performance Factors for the month ended January
31, 2000.
99.14. Series 1996-E Key Performance Factors for the month ended January
31, 2000.
99.15. Series 1996-G Key Performance Factors for the month ended January
31, 2000.
99.16. Series 1996-H Key Performance Factors for the month ended January
31, 2000.
99.17. Series 1996-J Key Performance Factors for the month ended January
31, 2000.
99.18. Series 1996-K Key Performance Factors for the month ended January
31, 2000.
99.19. Series 1996-M Key Performance Factors for the month ended January
31, 2000.
99.20. Series 1997-B Key Performance Factors for the month ended January
31, 2000.
99.21. Series 1997-C Key Performance Factors for the month ended January
31, 2000.
99.22. Series 1997-E Key Performance Factors for the month ended January
31, 2000.
99.23. Series 1997-F Key Performance Factors for the month ended January
31, 2000.
99.24. Series 1997-I Key Performance Factors for the month ended January
31, 2000.
99.25. Series 1997-J Key Performance Factors for the month ended January
31, 2000.
99.26. Series 1997-K Key Performance Factors for the month ended
January 31, 2000.
99.27. Series 1997-M Key Performance Factors for the month ended
January 31, 2000.
99.28. Series 1997-N Key Performance Factors for the month ended
January 31, 2000.
99.29. Series 1998-A Key Performance Factors for the month ended
January 31, 2000.
99.30. Series 1998-C Key Performance Factors for the month ended
January 31, 2000.
99.31. Series 1998-D Key Performance Factors for the month ended
January 31, 2000.
99.32. Series 1998-E Key Performance Factors for the month ended
January 31, 2000.
99.33. Series 1998-F Key Performance Factors for the month ended
January 31, 2000.
99.34. Series 1998-G Key Performance Factors for the month ended
January 31, 2000.
99.35. Series 1998-I Key Performance Factors for the month ended
January 31, 2000.
99.36. Series 1998-J Key Performance Factors for the month ended
January 31, 2000.
99.37. Series 1999-A Key Performance Factors for the month ended
January 31, 2000.
99.38. Series 1999-B Key Performance Factors for the month ended
January 31, 2000.
99.39. Series 1999-D Key Performance Factors for the month ended
January 31, 2000.
99.40. Series 1999-E Key Performance Factors for the month ended
January 31, 2000.
99.41. Series 1999-G Key Performance Factors for the month ended
January 31, 2000.
99.42. Series 1999-H Key Performance Factors for the month ended
January 31, 2000.
99.43. Series 1999-I Key Performance Factors for the month ended
January 31, 2000.
99.44. Series 1999-J Key Performance Factors for the month ended
January 31, 2000.
99.45. Series 1999-L Key Performance Factors for the month ended
January 31, 2000.
99.46. Series 1999-M Key Performance Factors for the month ended
January 31, 2000.
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: February 14, 2000
MBNA AMERICA BANK, NATIONAL ASSOCIATION
By: /s/Jack Fioravanti
----------------------------------
Name: Jack Fioravanti
Title: Senior Vice President
CLASS A CUSIP 55262T AE3 Exhibit 20.1
CLASS B CUSIP 55262T AF0
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1994-C
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $4.666667
-----------------
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 $4.822222
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $5.021528
-----------------
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 $114,495,168.68
-----------------
(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 $5,922,163.34
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $11,186,311.43
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1994-C
as of the end of the day on the last
day of the related Monthly Period $1,000,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1994-C as of the end of the day on the
last day of the related Monthly Period $1,000,000,000.00
-----------------
(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 $870,000,000.00
-----------------
(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 $870,000,000.00
-----------------
(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 $45,000,000.00
-----------------
(g) 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 $85,000,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 2.00%
(i) The Class A Floating Allocation
with respect to the related Monthly 0.870
Period ----------
(j) The Class B Floating Allocation
with respect to the related Monthly 0.045
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.085
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 -149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $3,938,097.83
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $3,426,145.07
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $177,214.38
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $334,738.38
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $906,250.00
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $46,875.00
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $88,541.67
-----------------
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 $85,000,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $45,000,000.00
-----------------
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 $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) 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 $12,314,214.68
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $636,942.05
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $1,203,113.15
-----------------
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, allocated
in respect of the Class A Certificates $12,857,964.68
-----------------
(b) 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 Class B
Certificates $665,067.05
-----------------
(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 $1,256,238.15
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.71%
-------
C. LIBOR Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000:
Class A and Class B determination - 5.75000%
---------
Collateral Interest determination - 5.78125%
---------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1994-C
CLASS A CUSIP 55262T AJ2 Exhibit 20.2
CLASS B CUSIP 55262T AK9
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1995-A
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $4.706528
-----------------
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 $4.846528
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $5.060285
-----------------
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 $65,834,724.54
-----------------
(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 $3,405,247.27
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $6,432,127.67
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1995-A
as of the end of the day on the last
day of the related Monthly Period $575,000,000.00
----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1995-A as of the end of the day on the
last day of the related Monthly Period $575,000,000.00
-----------------
(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 $500,250,000.00
-----------------
(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 $500,250,000.00
-----------------
(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 $25,875,000.00
-----------------
(g) 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 $48,875,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.15%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.870
----------
(j) The Class B Floating Allocation
with respect to the related Monthly 0.045
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.085
- ---------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $2,264,406.44
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $1,970,033.51
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $101,898.39
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $192,474.54
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $521,093.75
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $26,953.13
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $50,911.45
-----------------
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 $48,875,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $25,875,000.00
-----------------
8. 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 Procees and amounts,
if any, withdrawn from the Reserve
Account allocated in respect of the
Class A Certificates $7,393,330.05
-----------------
(b) 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 Class B
Certificates $382,413.87
-----------------
(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 $722,336.83
-----------------
9. Principal Funding Account
(a) The principal amount on deposit in
the Principal Funding Account on
the related Transfer Date $ 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 $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) Interest earnings on funds on deposit
in the Reserve Account deposited in
the Finance Charge Account on the
related Transfer Date $ 0.00
-----------------
10. Available Funds
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $7,080,673.80
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $366,241.99
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $691,789.96
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.66%
-------
C. Floating Rate Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000: 5.78125%
- ---------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1995-A
CLASS A CUSIP 55262T AL7 Exhibit 20.3
CLASS B CUSIP 55262T AM5
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1995-B
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $4.620972
-----------------
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 $4.745417
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $4.909722
-----------------
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 $85,871,374.81
-----------------
(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 $4,441,622.45
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $8,389,733.67
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1995-B
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
1995-B 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 $652,500,000.00
-----------------
(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 $652,500,000.00
-----------------
(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 $33,750,000.00
-----------------
(g) 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 $63,750,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.50%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.870
----------
(j) The Class B Floating Allocation
with respect to the related Monthly 0.045
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.085
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $2,953,573.34
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $2,569,608.77
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $132,910.80
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $251,053.77
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $679,687.50
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $35,156.25
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $66,406.25
-----------------
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 $63,750,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $33,750,000.00
-----------------
8. 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
Investment Proceeds and amounts, if any,
withdrawn from the Reserve Account
allocated in respect of the Class
A Certificates
$9,643,473.43
-----------------
(b) 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 Class B
Certificates $498,800.37
-----------------
(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 $942,178.55
-----------------
9. 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 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 $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) Interest earnings on funds on deposit
in the Reserve Account deposited in
the Finance Charge Account on the
related Transfer Date. $ 0.00
-----------------
10. Available Funds
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $9,235,660.93
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $477,706.62
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $902,334.80
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.78%
-------
C. Floating Rate Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000: 5.78125%
- -----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1995-B
CLASS A CUSIP 55262T AN3 Exhibit 20.4
CLASS B CUSIP 55262T AP8
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1995-C
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $5.375000
-----------------
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 $4.823195
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $5.044186
-----------------
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 $65,834,724.54
-----------------
(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 $3,405,247.27
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $6,432,127.67
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1995-C
as of the end of the day on the last
day of the related Monthly Period $575,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1995-C as of the end of the day on the
last day of the related Monthly Period $575,000,000.00
-----------------
(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 $500,250,000.00
-----------------
(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 $500,250,000.00
-----------------
(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 $25,875,000.00
-----------------
(g) 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 $48,875,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.15%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.870
----------
(j) The Class B Floating Allocation
with respect to the related Monthly Period 0.045
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.085
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $2,264,406.44
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $1,970,033.51
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $101,898.39
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $192,474.54
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $521,093.75
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $26,953.13
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $50,911.45
-----------------
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 $48,875,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $25,875,000.00
-----------------
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 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 $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 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 $7,440,659.26
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $366,241.99
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $691,789.96
-----------------
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
Investment Proceeds and amounts, if any,
withdrawn from the Reserve Account and
the Net Swap Receipt, if any, allocated
in respect of the Class A Certificates $7,753,315.51
-----------------
(b) 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 Class B
Certificates $382,413.87
-----------------
(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 $722,336.83
-----------------
11. Swap Cash Flows
(a) The amount of the Net Swap Receipt
for the related Transfer Date $359,985.46
-----------------
(b) The amount of the Net Swap Payment
for the related Transfer Date $ 0.00
-----------------
12. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.71%
-------
C. Floating Rate Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000: 5.78125%
- -----------
D. Information regarding the status of the
Interest Rate Swap and the Swap Counterparty
1. The Mark-to-Market Amount, if any, for the
related Monthly Period. $ N/A
----------------
2. Has the Interest Reserve Account been
established? No
------
3. Has the Interest Reserve Account been
funded? No
------
4. The aggregate amount of funds withdrawn from
the Interest Reserve Account, if any $ 0.00
----------------
5. How many funds withdrawn from the Interest
Reserve Account were utilized?
none
6. Has the Interest Rate Swap been Terminated? No
-------
7. Long Term Credit Rating of the Swap Counterparty AAA/Aaa
-------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1995-C
CLASS A CUSIP 55262T AQ6 Exhibit 20.5
CLASS B CUSIP 55262T AR4
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1995-D
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $5.041667
-----------------
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 $4.722084
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $4.917443
-----------------
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 $57,247,587.62
-----------------
(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 $2,961,081.59
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $5,593,155.84
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1995-D
as of the end of the day on the last
day of the related Monthly Period $500,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1995-D as of the end of the day on the
last day of the related Monthly Period $500,000,000.00
-----------------
(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 $435,000,000.00
-----------------
(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 $435,000,000.00
-----------------
(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 $22,500,000.00
-----------------
(g) 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 $42,500,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.00%
(i) The Class A Floating Allocation
with respect to the related Monthly
0.870
----------
(j) The Class B Floating Allocation
with respect to the related Monthly 0.045
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.085
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $1,969,049.04
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $1,713,072.64
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $88,607.20
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $167,369.20
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $453,125.00
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $23,437.50
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $44,270.83
-----------------
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 $42,500,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $22,500,000.00
-----------------
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 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 $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) 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 $6,367,091.89
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $318,471.15
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $601,556.46
-----------------
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
Investment Proceeds and amounts, if any,
withdrawn from the Reserve Account and
the Net Swap Receipt, if any, allocated
in respect of the Class A Certificates $6,638,966.89
-----------------
(b) 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 Class B
Certificates $332,533.65
-----------------
(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 $628,118.96
-----------------
11. Swap Cash Flows
(a) The amount of the Net Swap Receipt
for the related Transfer Date $209,984.17
-----------------
(b) The amount of the Net Swap Payment
for the related Transfer Date $ 0.00
-----------------
12. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.85%
-------
C. Floating Rate Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000: 5.78125%
- -----------
D. Information regarding the status of the
Interest Rate Swap and the Swap Counterparty
1. The Mark-to-Market Amount, if any, for the
related Monthly Period. $ N/A
----------------
2. Has the Interest Reserve Account been
established? No
------
3. Has the Interest Reserve Account been
funded? No
------
4. The aggregate amount of funds withdrawn from
the Interest Reserve Account, if any $ 0.00
----------------
5. How any funds withdrawn from the Interest
Reserve Account were utilized?
none
6. Has the Interest Rate Swap been Terminated? No
-------
7. Long Term Credit Rating of the Swap
Counterparty AAA/Aaa
-------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1995-D
CLASS A CUSIP 55262T AS2 Exhibit 20.6
CLASS B CUSIP 55262T AT0
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1995-E
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $4.667639
-----------------
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 $4.745417
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $4.978750
-----------------
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 $57,247,587.62
-----------------
(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 $2,961,081.59
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $5,593,155.84
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1995-E
as of the end of the day on the last
day of the related Monthly Period $500,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1995-E as of the end of the day on the
last day of the related Monthly Period $500,000,000.00
-----------------
(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 $435,000,000.00
-----------------
(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 $435,000,000.00
-----------------
(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 $22,500,000.00
-----------------
(g) 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 $42,500,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.00%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.870
----------
(j) The Class B Floating Allocation
with respect to the related Monthly 0.045
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.085
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $1,969,049.04
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $1,713,072.64
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $88,607.20
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $167,369.20
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $453,125.00
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $23,437.50
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $44,270.83
-----------------
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 $42,500,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $22,500,000.00
-----------------
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 $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) 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 $6,157,107.72
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $318,471.15
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $601,556.46
-----------------
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, allocated
in respect of the Class A Certificates $6,428,982.72
-----------------
(b) 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 Class B
Certificates $332,533.65
-----------------
(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 $628,118.96
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.71%
-------
C. LIBOR Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000: 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1995-E
CLASS A CUSIP 55262T AU7 Exhibit 20.7
CLASS B CUSIP 55262T AV5
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1995-F
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $5.500000
-----------------
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 $5.625000
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $4.871063
-----------------
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 $ 59,879,655.06
-----------------
(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 $ 2,467,570.23
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $ 3,454,593.01
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1995-F
as of the end of the day on the last
day of the related Monthly Period $ 500,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1995-F as of the end of the day on the
last day of the related Monthly Period $ 500,000,000.00
-----------------
(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 $ 455,000,000.00
-----------------
(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 $ 455,000,000.00
-----------------
(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 $ 18,750,000.00
-----------------
(g) 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 $ 26,250,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.00%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period0.910
----------
(j) The Class B Floating Allocation
with respect to the related Monthly 0.038
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period0.053
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $1,969,048.80
------------------
(b) The Class A Investor Default Amount
for the related Monthly Period $1,791,834.44
------------------
(c) The Class B Investor Default Amount
for the related Monthly Period $73,839.40
------------------
(d) The Collateral Default Amount for
the related Monthly Period $103,374.96
------------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $473,958.33
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $19,531.25
------------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $27,343.75
------------------
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 $26,250,000.00
------------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $18,750,000.00
------------------
8. 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
Investment Proceeds and amounts, if any,
withdrawn from the Reserve Account
allocated in respect of the Class A
Certificates $6,724,567.58
------------------
(b) 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 Class B
Certificates $277,111.56
------------------
(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 $387,955.66
------------------
9. 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 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 $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
------------------
(e) Interest earnings on funds on deposit
in the Reserve Account deposited in
the Finance Charge Account on the
related Transfer Date. $ 0.00
------------------
10. Available Funds
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $6,440,192.58
------------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $265,392.81
------------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $371,549.41
------------------
11. Swap Cash Flows
(a) The amount of the Net Swap Receipt
for the related Transfer Date $440,454.23
------------------
(b) The amount of the Net Swap Payment
for the related Transfer Date $ 0.00
------------------
12. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.16%
-------
C. Floating Rate Determinations
LIBOR rates for the Interest Period
Collateral Interest Determination
January 18, 2000 through February 14, 2000: 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1995-F
CLASS A CUSIP 55262T AW3 Exhibit 20.8
CLASS B CUSIP 55262T AX1
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1995-I
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $4.628750
-----------------
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 $4.706528
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $4.827083
-----------------
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 $85,871,374.81
-----------------
(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 $4,441,622.45
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $8,389,733.67
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1995-I
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
1995-I 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 $652,500,000.00
-----------------
(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 $652,500,000.00
-----------------
(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 $33,750,000.00
-----------------
(g) 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 $63,750,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.50%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.870
----------
(j) The Class B Floating Allocation
with respect to the related Monthly 0.045
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.085
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $2,953,573.34
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $2,569,608.77
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $132,910.80
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $251,053.77
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $679,687.50
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $35,156.25
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $66,406.25
-----------------
(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 $63,750,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $33,750,000.00
-----------------
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 $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) 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 $9,235,660.93
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $477,706.62
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $902,334.80
-----------------
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, allocated
in respect of the Class A Certificates $9,643,473.43
-----------------
(b) 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 Class B
Certificates $498,800.37
-----------------
(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 $942,178.55
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.78%
-------
C. LIBOR Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000: 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1995-I
CLASS A CUSIP 55262T AY9 Exhibit 20.9
CLASS B CUSIP 55262T AZ6
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1995-J
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $4.675417
-----------------
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 $4.768750
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $4.952959
-----------------
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 $57,247,587.62
-----------------
(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 $2,961,081.59
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $5,593,155.84
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1995-J
as of the end of the day on the last
day of the related Monthly Period $500,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1995-J as of the end of the day on the
last day of the related Monthly Period $500,000,000.00
-----------------
(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 $435,000,000.00
-----------------
(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 $435,000,000.00
-----------------
(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 $22,500,000.00
-----------------
(g) 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 $42,500,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.00%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.870
----------
(j) The Class B Floating Allocation
with respect to the related Monthly 0.045
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.085
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $1,969,049.04
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $1,713,072.64
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $88,607.20
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $167,369.20
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $453,125.00
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $23,437.50
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $44,270.83
-----------------
(d) The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $312,500.00
-----------------
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 $42,500,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $22,500,000.00
-----------------
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 $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) 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 $6,157,107.72
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $318,471.15
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $601,556.46
-----------------
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, allocated
in respect of the Class A Certificates $6,428,982.72
-----------------
(b) 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 Class B
Certificates $332,533.65
-----------------
(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 $628,118.96
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.71%
-------
C. LIBOR Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000: 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1995-J
CLASS A CUSIP 55262T BA0 Exhibit 20.10
CLASS B CUSIP 55262T BB8
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1996-A
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $4.659861
-----------------
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 $4.760972
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $4.862083
-----------------
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 $80,146,621.45
-----------------
(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 $4,145,514.15
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $7,830,416.63
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1996-A
as of the end of the day on the last
day of the related Monthly Period $700,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1996-A as of the end of the day on the
last day of the related Monthly Period $700,000,000.00
-----------------
(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 $609,000,000.00
-----------------
(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 $609,000,000.00
-----------------
(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 $31,500,000.00
-----------------
(g) 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 $59,500,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.40%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.870
----------
(j) The Class B Floating Allocation
with respect to the related Monthly 0.045
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.085
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $2,756,668.60
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $2,398,301.69
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $124,050.09
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $234,316.82
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $634,375.00
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $32,812.50
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $61,979.17
-----------------
(d) The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $437,500.00
-----------------
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 $59,500,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $31,500,000.00
-----------------
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 $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) 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 $8,619,950.63
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $445,859.60
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $842,179.11
-----------------
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, allocated
in respect of the Class A Certificates $9,000,575.63
-----------------
(b) 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 Class B
Certificates $465,547.10
-----------------
(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 $879,366.61
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.74%
-------
C. LIBOR Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000: 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1996-A
CLASS A CUSIP 55262T BC6 Exhibit 20.11
CLASS B CUSIP 55262T BD4
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1996-B
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $4.698750
-----------------
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 $4.784306
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $5.052840
-----------------
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 $57,247,587.62
-----------------
(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 $2,961,081.59
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $5,593,155.84
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1996-B
as of the end of the day on the last
day of the related Monthly Period $500,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1996-B as of the end of the day on the
last day of the related Monthly Period $500,000,000.00
-----------------
(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 $435,000,000.00
-----------------
(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 $435,000,000.00
-----------------
(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 $22,500,000.00
-----------------
(g) 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 $42,500,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.00%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.870
----------
(j) The Class B Floating Allocation
with respect to the related Monthly 0.045
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.085
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89%949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97%486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72%363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59%296,389,433.47
------- -----------------
(e) 150 or more days: 0.86%431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $1,969,049.04
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $1,713,072.64
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $88,607.20
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $167,369.20
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $453,125.00
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $23,437.50
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $44,270.83
-----------------
(d) The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $312,500.00
-----------------
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 $42,500,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $22,500,000.00
-----------------
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 $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) 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 $6,157,107.72
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $318,471.15
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $601,556.46
-----------------
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, allocated
in respect of the Class A Certificates $6,428,982.72
-----------------
(b) 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 Class B
Certificates $332,533.65
-----------------
(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 $628,118.96
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.67%
-------
C. LIBOR Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000: 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1996-B
CLASS A CUSIP 55262T BE2 Exhibit 20.12
CLASS B CUSIP 55262T BF9
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1996-C
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $4.605417
-----------------
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 $4.714306
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $4.904861
-----------------
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 $57,247,587.62
-----------------
(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 $2,961,081.59
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $5,593,155.84
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1996-C
as of the end of the day on the last
day of the related Monthly Period $500,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1996-C as of the end of the day on the
last day of the related Monthly Period $500,000,000.00
-----------------
(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 $435,000,000.00
-----------------
(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 $435,000,000.00
-----------------
(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 $22,500,000.00
-----------------
(g) 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 $42,500,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.00%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.870
----------
(j) The Class B Floating Allocation
with respect to the related Monthly 0.045
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.085
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $1,969,049.04
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $1,713,072.64
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $88,607.20
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $167,369.20
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $453,125.00
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $23,437.50
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $44,270.83
-----------------
(d) The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $312,500.00
-----------------
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 $42,500,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $22,500,000.00
-----------------
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 $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) 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 $6,157,107.72
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $318,471.15
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $601,556.46
-----------------
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, allocated
in respect of the Class A Certificates $6,428,982.72
-----------------
(b) 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 Class B
Certificates $332,533.65
-----------------
(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 $628,118.96
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.80%
-------
C. LIBOR Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000: 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1996-C
CLASS A CUSIP 55262T BG7 Exhibit 20.13
CLASS B CUSIP 55262T BH5
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1996-D
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $4.613194
-----------------
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 $4.722083
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $4.846528
-----------------
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 $111,863,094.56
-----------------
(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 $9,870,274.46
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $9,870,274.46
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1996-D
as of the end of the day on the last
day of the related Monthly Period $1,000,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1996-D as of the end of the day on the
last day of the related Monthly Period $1,000,000,000.00
-----------------
(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 $850,000,000.00
-----------------
(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 $850,000,000.00
-----------------
(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 $75,000,000.00
-----------------
(g) 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 $75,000,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 2.00%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(j) The Class B Floating Allocation
with respect to the related Monthly 0.075
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $3,938,097.93
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $3,347,383.17
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $295,357.38
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $295,357.38
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $885,416.67
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $78,125.00
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $78,125.00
-----------------
(d) The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $625,000.00
-----------------
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 $75,000,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $75,000,000.00
-----------------
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 $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) 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 $12,031,129.30
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $1,061,570.30
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $1,061,570.30
-----------------
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, allocated
in respect of the Class A Certificates $12,562,379.30
-----------------
(b) 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 Class B
Certificates $1,108,445.30
-----------------
(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 $1,108,445.30
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.79%
-------
C. LIBOR Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000: 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1996-D
CLASS A CUSIP 55262T BJ1 Exhibit 20.14
CLASS B CUSIP 55262T BK8
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1996-E
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $4.628750
-----------------
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 $4.737639
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $4.943750
-----------------
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 $83,897,322.62
-----------------
(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 $7,402,704.09
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $7,402,704.09
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1996-E
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
1996-E 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 Collateral
Interest as of the end of the day on the
last day of the related Monthly period $56,250,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.50%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
period 0.075
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $ 2,953,573.32
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $2,510,537.36
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $221,517.98
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $221,517.98
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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
-----------------
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 $ 0.00
-----------------
(d) The amount of all or the portion of the
Reserve Draw Amount deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) 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 $9,023,347.06
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $796,177.69
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $796,177.69
-----------------
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, allocated
in respect of the Class A Certificates $9,421,784.56
-----------------
(b) 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 Class B
Certificates $831,333.94
-----------------
(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 $831,333.94
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.77%
-------
C. LIBOR Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000:
Class A and Class B determination - 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1996-E
CLASS A CUSIP 55262T BL6 Exhibit 20.15
CLASS B CUSIP 55262T BM4
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1996-G
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $4.636528
-----------------
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 $4.768750
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $5.602089
-----------------
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 $55,931,550.51
-----------------
(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 $4,935,133.93
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $4,935,133.93
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1996-G
as of the end of the day on the last
day of the related Monthly Period $500,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1996-G as of the end of the day on the
last day of the related Monthly Period $500,000,000.00
-----------------
(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 $425,000,000.00
-----------------
(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 $425,000,000.00
-----------------
(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 $37,500,000.00
-----------------
(g) 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 $37,500,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.00%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(j) The Class B Floating Allocation
with respect to the related Monthly Period 0.075
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30- 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $1,969,048.83
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $1,673,691.65
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $147,678.59
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $147,678.59
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $442,708.33
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $39,062.50
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $39,062.50
-----------------
(d) The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $312,500.00
-----------------
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 $37,500,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $37,500,000.00
-----------------
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 $ 0.00
-----------------
(d) The Principal Funding Investment
Shortfall deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) 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 $6,015,565.02
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $530,784.89
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $530,784.89
-----------------
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, allocated
in respect of the Class A Certificates $6,281,190.02
-----------------
(b) 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 Class B
Certificates $554,222.39
-----------------
(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 $554,222.39
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.73%
-------
C. Floating Rate Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000: 5.78125%
- -----------
Collateral Interest Determination for the Interest
Period of
January 14, 2000 to February 14, 2000: 5.78125%
- -----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1996-G
CLASS A CUSIP 55262TBN2 Exhibit 20.16
CLASS B CUSIP 55262TBP7
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1996-H
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 Collateral Monthly Interest $5.408854
-----------------
5. The amount of distribution in respect
of any accrued and unpaid Collateral
Monthly Interest $0.000000
-----------------
B. Information Regarding the current Monthly Accumulation into the Interest
Funding Account (Stated on the Basis of $1,000 Original Certificate
Principal Amount).
1. The amount of the current monthly
accumulation in respect of Class A
Monthly Interest $4.794028
-----------------
2. The amount of the current monthly
accumulation in respect of Class A
Deficiency Amounts $0.000000
-----------------
3. The amount of the current monthly
accumulation in respect of Class A
Additional Interest $0.000000
----------------
4. The amount of the current monthly
accumulation in respect of Class B
Monthly Interest $4.926250
-----------------
5. The amount of the current monthly
accumulation in respect of Class B
Deficiency Amounts $ 0.000000
-----------------
6. The amount of the current monthly
accumulation in respect of Class B
Additional Interest $0.000000
-----------------
C. Information Regarding the Current Quarterly Interest Distribution
1. The total amount of distribution from
the Interest Funding Account $17,523,604.17
-----------------
2. The amount of the current quarterly
interest distribution in respect of
Class A $16,066,841.67
-----------------
3. The amount of the current quarterly
interest distribution in respect of
Class A set forth in 2 above per $1,000
of original certificate principal
amount $ 15.751806
-----------------
4. The amount of the current quarterly
interest distribution in respect of
Class B $1,456,762.50
-----------------
5. The amount of the current quarterly
interest distribution in respect of
Class B set forth in 4 above per $1,000
of original certificate principal
amount $ 16.186250
-----------------
D. 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 $134,235,717.50
-----------------
(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 $11,844,326.55
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $11,844,326.55
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1996-H
as of the end of the day on the last
day of the related Monthly Period $1,200,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1996-H as of the end of the day on the
last day of the related Monthly Period $1,200,000,000.00
-----------------
(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 $1,020,000,000.00
-----------------
(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 $1,020,000,000.00
-----------------
(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 $90,000,000.00
-----------------
(g) 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 $90,000,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 2.40%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
period 0.075
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $4,725,717.40
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $4,016,859.86
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $354,428.77
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $354,428.77
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $1,062,500.00
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $93,750.00
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $93,750.00
-----------------
(d) The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $750,000.00
-----------------
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 $90,000,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $90,000,000.00
-----------------
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 $ 0.00
-----------------
(d) The amount of all or the portion of the
Reserve Draw Amount deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) Interest earnings on funds on deposit
in the Reserve Account deposited in
the Finance Charge Account on the
related Transfer Date $ 0.00
-----------------
9. Interest Funding Account
(a) The aggregate amount on deposit in
the Interest Funding Account on
the related Transfer Date (after taking
into account deposits on such date
but prior to withdrawals) $17,523,604.17
-----------------
(b) The aggregate amount deposited into
the Interest Funding Account with
respect to the Class A Certificates
on the related Transfer Date $4,889,908.34
-----------------
(c) The aggregate amount deposited into
the Interest Funding Account with
respect to the Class B Certificates
on the related Transfer Date $443,362.50
-----------------
(d) The Interest Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date $58,539.40
-----------------
10. Available Funds
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $14,495,894.88
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $1,273,884.28
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $1,273,884.28
-----------------
11. 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, allocated
in respect of the Class A Certificates $15,133,394.88
-----------------
(b) 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 Class B
Certificates $1,330,134.28
-----------------
(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 $1,330,134.28
-----------------
12. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.07%
-------
(b) The Portfolio Adjusted Yield 4.71%
-------
E. LIBOR Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination - 6.06375%
-----------
Collateral Interest determination - 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1996-H
CLASS A CUSIP 55262T BR3 Exhibit 20.17
CLASS B CUSIP 55262T BS1
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1996-J
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $4.613194
-----------------
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 $4.776528
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $5.451910
-----------------
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 $111,863,094.56
-----------------
(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 $9,870,274.46
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $9,870,274.46
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1996-J
as of the end of the day on the last
day of the related Monthly Period $1,000,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1996-J as of the end of the day on the
last day of the related Monthly Period $1,000,000,000.00
-----------------
(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 $850,000,000.00
-----------------
(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 $850,000,000.00
-----------------
(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 $75,000,000.00
-----------------
(g) 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 $75,000,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 2.00%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
period 0.075
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $ 3,938,097.93
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $3,347,383.17
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $295,357.38
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $295,357.38
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $885,416.67
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $78,125.00
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $78,125.00
-----------------
(d) The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $625,000.00
-----------------
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 $75,000,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $75,000,000.00
-----------------
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 $ 0.00
-----------------
(d) The amount of all or the portion of the
Reserve Draw Amount deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) 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 $12,031,129.30
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $1,061,570.30
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $1,061,570.30
-----------------
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, allocated
in respect of the Class A Certificates $12,562,379.30
-----------------
(b) 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 Class B
Certificates $1,108,445.30
-----------------
(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 $1,108,445.30
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
--------
(b) The Portfolio Adjusted Yield 4.77%
--------
C. LIBOR Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000:
Class A and Class B determination - 5.78125%
-----------
January 14, 2000 to February 14, 2000:
Collateral Interest determination - 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1996-J
CLASS A CUSIP 55262T BT9 Exhibit 20.18
CLASS B CUSIP 55262T BU6
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1996-K
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 $4.597639
-----------------
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 $4.768750
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $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 $5.494965
-----------------
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 $111,863,094.56
-----------------
(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 $9,870,274.46
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $9,870,274.46
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1996-K
as of the end of the day on the last
day of the related Monthly Period $1,000,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1996-K as of the end of the day on the
last day of the related Monthly Period $1,000,000,000.00
-----------------
(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 $850,000,000.00
-----------------
(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 $850,000,000.00
-----------------
(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 $75,000,000.00
-----------------
(g) 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 $75,000,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 2.00%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $ 3,938,097.93
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $3,347,383.17
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $295,357.38
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $295,357.38
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $885,416.67
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $78,125.00
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $78,125.00
-----------------
(d) The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $625,000.00
-----------------
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 $75,000,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $75,000,000.00
-----------------
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 $ 0.00
-----------------
(d) The amount of all or the portion of the
Reserve Draw Amount deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) 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 $12,031,129.30
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $1,061,570.30
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $1,061,570.30
-----------------
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, allocated
in respect of the Class A Certificates $12,562,379.30
-----------------
(b) 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 Class B
Certificates $1,108,445.30
-----------------
(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 $1,108,445.30
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
--------
(b) The Portfolio Adjusted Yield 4.79%
--------
C. LIBOR Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000:
Class A and Class B determination - 5.78125%
-----------
January 14, 2000 to February 14, 2000:
Collateral Interest determination - 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1996-K
CLASS A CUSIP 55262TBV4 Exhibit 20.19
CLASS B CUSIP 55262TBW2
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1996-M
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 Collateral Monthly Interest $5.611215
-----------------
5. The amount of distribution in respect
of any accrued and unpaid Collateral
Monthly Interest $0.000000
-----------------
B. Information Regarding the current Monthly Accumulation into the Interest
Funding Account (Stated on the Basis of $1,000 Original Certificate
Principal Amount).
1. The amount of the current monthly
accumulation in respect of Class A
Monthly Interest $4.817361
-----------------
2. The amount of the current monthly
accumulation in respect of Class A
Deficiency Amounts $0.000000
-----------------
3. The amount of the current monthly
accumulation in respect of Class A
Additional Interest $0.000000
----------------
4. The amount of the current monthly
accumulation in respect of Class B
Monthly Interest $4.988472
-----------------
5. The amount of the current monthly
accumulation in respect of Class B
Deficiency Amounts $ 0.000000
-----------------
6. The amount of the current monthly
accumulation in respect of Class B
Additional Interest $0.000000
-----------------
C. Information Regarding the Current Quarterly Interest Distribution
1. The total amount of distribution from
the Interest Funding Account $7,341,751.73
-----------------
2. The amount of the current quarterly
interest distribution in respect of
Class A $6,727,100.69
-----------------
3. The amount of the current quarterly
interest distribution in respect of
Class A set forth in 2 above per $1,000
of original certificate principal
amount $ 15.828472
-----------------
4. The amount of the current quarterly
interest distribution in respect of
Class B $614,651.04
-----------------
5. The amount of the current quarterly
interest distribution in respect of
Class B set forth in 4 above per $1,000
of original certificate principal
amount $ 16.390694
-----------------
D. 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 $55,931,550.51
-----------------
(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 $4,935,133.93
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $4,935,133.93
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1996-M
as of the end of the day on the last
day of the related Monthly Period $500,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1996-M as of the end of the day on the
last day of the related Monthly Period $500,000,000.00
-----------------
(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 $425,000,000.00
-----------------
(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 $425,000,000.00
-----------------
(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 $37,500,000.00
-----------------
(g) 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 $37,500,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.00%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
period 0.075
----------
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(l) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(m) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(n) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $1,969,048.83
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $1,673,691.65
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $147,678.59
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $147,678.59
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $442,708.33
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $39,062.50
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $39,062.50
-----------------
(d) The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $312,500.00
-----------------
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 $37,500,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $37,500,000.00
-----------------
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 $ 0.00
-----------------
(d) The amount of all or the portion of the
Reserve Draw Amount deposited in the Finance
Charge Account on the related
Transfer Date from the Reserve Account $ 0.00
-----------------
(e) Interest earnings on funds on deposit
in the Reserve Account deposited in
the Finance Charge Account on the
related Transfer Date $ 0.00
-----------------
9. Interest Funding Account
(a) The aggregate amount on deposit in
the Interest Funding Account on
the related Transfer Date (after taking
into account deposits on such date
but prior to withdrawals) $7,341,751.73
-----------------
(b) The aggregate amount deposited into
the Interest Funding Account with
respect to the Class A Certificates
on the related Transfer Date $2,047,378.47
-----------------
(c) The aggregate amount deposited into
the Interest Funding Account with
respect to the Class B Certificates
on the related Transfer Date $187,067.70
-----------------
(d) The Interest Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date $24,481.48
-----------------
10. Available Funds
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $6,040,046.50
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $530,784.89
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $530,784.89
-----------------
11. 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, allocated
in respect of the Class A Certificates $6,305,671.50
-----------------
(b) 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 Class B
Certificates $554,222.39
-----------------
(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 $554,222.39
-----------------
12. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.07%
-------
(b) The Portfolio Adjusted Yield 4.66%
-------
E. LIBOR Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination - 6.06375%
-----------
Collateral Interest determination - 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1996-M
CLASS A CUSIP 55262TCB7 Exhibit 20.20
CLASS B CUSIP 55262TCC5
FORM OF MONTHLY CERTIFICATEHOLDERS'STATEMENT
SERIES 1997-B
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 (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 Class C Monthly Principal $0.000000
-----------------
4. The amount of distribution in respect
of Class A Monthly Interest $4.620972
-----------------
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 $4.768750
-----------------
8. The amount of distribution in respect
of Class B Deficiency Amounts $0.000000
-----------------
9. The amount of distribution in respect
of Class B Additional Interest $0.000000
-----------------
10. The amount of distribution in respect
of Class C Monthly Interest $5.235417
-----------------
11. The amount of distribution in respect
of Class C Deficiency Amounts $0.000000
-----------------
12. The amount of distribution in respect
of Class C Additional 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 $111,863,094.56
-----------------
(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 $9,870,274.46
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Class C Interest $9,870,274.46
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1997-B
as of the end of the day on the last
day of the related Monthly Period $1,000,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1997-B as of the end of the day on the
last day of the related Monthly Period $1,000,000,000.00
-----------------
(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 $850,000,000.00
-----------------
(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 $850,000,000.00
-----------------
(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 $75,000,000.00
-----------------
(g) The amount of Principal Receivables in
the Trust represented by the Class B
Adjusted Investor Interest as of the
end of the day on the last day
of the related Monthly Period $75,000,000.00
-----------------
(h) The amount of Principal Receivables in
the Trust represented by the Class C
Interest as of the end of the day on the
last day of the related Monthly Period $75,000,000.00
-----------------
(i) The amount of Principal Receivables in
the Trust represented by the Class C
Adjusted Investor Interest as of
the end of the day on the last day
of the related Monthly Period $75,000,000.00
-----------------
(j) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 2.00%
(k) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(l) The Class B Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(m) The Class C Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(n) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(o) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(p) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(q) The Class C Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $ 3,938,097.93
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $3,347,383.17
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $295,357.38
-----------------
(d) The Class C Default Amount for
the related Monthly Period $295,357.38
-----------------
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 Class C
Investor Charge Offs for the
related Monthly Period $ 0.00
-----------------
(f) The aggregate amount of Class C
Investor 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 pre-
ceding 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 pre-
ceding 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 Distri-
bution Date $ 0.00
-----------------
(k) The aggregate amount of Class C
Investor Charge Offs reimbursed
on the Transfer Date immediately
preceding this Distribution Date $ 0.00
-----------------
(l) The aggregate amount of Class C
Investor 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 $885,416.67
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $78,125.00
-----------------
(c) The amount of the Class C Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $78,125.00
-----------------
(d) The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $625,000.00
-----------------
7. Reallocations
(a) The amount of Reallocated Class C
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 Class C Investor Interest as of the
close of business on this Distribution
Date $75,000,000.00
-----------------
(d) The Class C Adjusted Investor Interest
as of the close of business on this
Distribution Date $75,000,000.00
-----------------
(e) The Class B Investor Interest as of the
close of business on this Distribution
Date $75,000,000.00
-----------------
(f) The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $75,000,000.00
-----------------
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 Principal Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date to be treated as Class C
Available Funds $ 0.00
-----------------
9. Reserve Account
(a) The Reserve Draw Amount on the
related Transfer Date $ 0.00
-----------------
(b) The amount of the Reserve Draw
Amount deposited in the Finance
Charge Account on the related
Transfer Date $ 0.00
-----------------
(c) The amount of the Reserve Draw
Amount deposited in the Finance
Charge Account on the related
Transfer Date to be treated
as Class A Available Funds $ 0.00
-----------------
(d) The amount of the Reserve Draw
Amount 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 the Reserve Draw
Amount deposited in the Finance
Charge Account on the related
Transfer Date to be treated
as Class C Available Funds $ 0.00
-----------------
10. Available Funds
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $12,031,129.30
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $1,061,570.30
-----------------
(c) The amount of Class C Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $1,061,570.30
-----------------
11. 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, allocated
in respect of the Class A Certificates $12,562,379.30
-----------------
(b) 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 Class B
Certificates $1,108,445.30
-----------------
(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 Class C
Interests $1,108,445.30
-----------------
12. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
--------
(b) The Portfolio Adjusted Yield 4.74%
--------
C. LIBOR Determinations
LIBOR rates for the Interest Period of
January 18, 2000 through February 14, 2000: 5.78125%
---------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1997-B
CLASS A CUSIP 55262TCD3 Exhibit 20.21
CLASS B CUSIP 55262TCE1
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1997-C
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 $4.582083
-----------------
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 $4.729861
-----------------
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 $5.494965
-----------------
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 $83,897,322.62
-----------------
(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 $7,402,704.09
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $7,402,704.09
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1997-C
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
1997-C 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:
January 1, 2000 through January 31, 2000 1.50%
(j) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(k) The Class B Floating Allocation
with respect to the related Monthly
period 0.075
----------
(l) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(m) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(n) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(p) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $2,953,573.32
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $2,510,537.36
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $221,517.98
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $221,517.98
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $9,023,347.06
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $796,177.69
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $796,177.69
-----------------
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, allocated
in respect of the Class A Certificates $9,421,784.56
-----------------
(b) 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 Class B
Certificates $831,333.94
-----------------
(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 $831,333.94
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.81%
-------
C. Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination - 5.78125%
-----------
Collateral Interest determination - 5.78125%
-----------
MBNA AMERICA BANK,
Jack Fioravanti
NATIONAL
ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice Presiden
1997-C
CLASS A CUSIP 55262TCF8 Exhibit 20.22
CLASS B CUSIP 55262TCG6
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1997-E
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 Collateral Monthly Interest $5.383021
-----------------
5. The amount of distribution in respect
of any accrued and unpaid Collateral
Monthly Interest $0.000000
-----------------
B. Information Regarding the current Monthly Accumulation into the Interest
Funding Account (Stated on the Basis of $1,000 Original Certificate
Principal Amount).
1. The amount of the current monthly
accumulation in respect of Class A
Monthly Interest $4.760000
-----------------
2. The amount of the current monthly
accumulation in respect of Class A
Deficiency Amounts $0.000000
-----------------
3. The amount of the current monthly
accumulation in respect of Class A
Additional Interest $0.000000
----------------
4. The amount of the current monthly
accumulation in respect of Class B
Monthly Interest $4.915556
-----------------
5. The amount of the current monthly
accumulation in respect of Class B
Deficiency Amounts $ 0.000000
-----------------
6. The amount of the current monthly
accumulation in respect of Class B
Additional Interest $0.000000
-----------------
C. Information Regarding the Current Quarterly Interest Distribution
1. The total amount of distribution from
the Interest Funding Account $ 0.00
-----------------
2. The amount of the current quarterly
interest distribution in respect of
Class A $ 0.00
-----------------
3. The amount of the current quarterly
interest distribution in respect of
Class A set forth in 2 above per $1,000
of original certificate principal
amount $ 0.000000
-----------------
4. The amount of the current quarterly
interest distribution in respect of
Class B $ 0.00
-----------------
5. The amount of the current quarterly
interest distribution in respect of
Class B set forth in 4 above per $1,000
of original certificate principal
amount $ 0.000000
-----------------
D. 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 $83,897,322.62
-----------------
(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 $7,402,704.09
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $7,402,704.09
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1997-E
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
1997-E 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:
January 1, 2000 through January 31, 2000 1.50%
(j) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(k) The Class B Floating Allocation
with respect to the related Monthly
period 0.075
----------
(l) The Collateral Floating Allocation
with respect to the related Monthly
Period0.075
----------
(m) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(n) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(p) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $2,953,573.32
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $2,510,537.36
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $221,517.98
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $221,517.98
-----------------
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 $ 0.000000
-----------------
(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 $ 0.000000
-----------------
(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 $ 0.000000
-----------------
(g) The aggregate amount of Class A
Investor Charge Offs reimbursed on
the Transfer Date immediately pre-
ceding 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 $ 0.000000
-----------------
(i) The aggregate amount of Class B
Investor Charge Offs reimbursed on
the Transfer Date immediately pre-
ceding 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 Distri-
bution Date $ 0.000000
-----------------
(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 $ 0.000000
-----------------
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. Interest Funding Account
(a) The aggregate amount on deposit in
the Interest Funding Account on
the related Transfer Date (after taking
into account deposits on such date
but prior to withdrawals) $3,311,000.00
-----------------
(b) The aggregate amount deposited into
the Interest Funding Account with
respect to the Class A Certificates
on the related Transfer Date $3,034,500.00
-----------------
(c) The aggregate amount deposited into
the Interest Funding Account with
respect to the Class B Certificates
on the related Transfer Date $276,500.00
-----------------
(d) The Interest Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date $ 0.00
-----------------
10. Available Funds
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $9,023,347.06
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $796,177.69
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $796,177.69
-----------------
11. 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, allocated
in respect of the Class A Certificates $9,421,784.56
-----------------
(b) 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 Class B
Certificates $831,333.94
-----------------
(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 $831,333.94
-----------------
12. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
--------
(b) The Portfolio Adjusted Yield 4.66%
--------
E. Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination - 6.04000%
-----------
Collateral Interest determination - 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1997-E
CLASS A CUSIP 55262TCJ0 Exhibit 20.23
CLASS B CUSIP 55262TCK7
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1997-F
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 $5.500000
-----------------
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 $4.722083
-----------------
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 $5.428183
-----------------
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 $78,962,188.72
-----------------
(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 $6,974,991.77
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $6,974,991.77
-----------------
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 $49,077,414,912.07
----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1997-F
as of the end of the day on the last
day of the related Monthly Period $706,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1997-F as of the end of the day on the
last day of the related Monthly Period $706,000,000.00
-----------------
(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 $600,000,000.00
-----------------
(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 $600,000,000.00
-----------------
(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 $53,000,000.00
-----------------
(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 $53,000,000.00
-----------------
(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 $53,000,000.00
-----------------
(i) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.41%
(j) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(k) The Class B Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(l) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(m) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(n) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(p) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $2,780,297.07
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $2,362,858.79
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $208,719.14
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $208,719.14
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $625,000.01
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $55,208.33
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $55,208.33
-----------------
(d) The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $441,250.00
-----------------
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 $53,000,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $53,000,000.00
-----------------
(e) The Class B Adjusted Investor Interest as
of the close of business on this Distribution
Date $53,000,000.00
-----------------
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. Swap Reserve Fund
(a) The Swap Reserve Draw Amount
on the related Transfer Date $0.00
-----------------
(b) The amount of the Swap Reserve Draw Amount
deposited in the Finance Charge Account
on the related Transfer Date to be treated
as Class A Available Fund $ 0.00
-----------------
10. Swap Cash Flows
(a) The amount of the Net Swap Receipt
for the related Transfer Date $572,688.00
-----------------
(b) The amount of the Net Swap Payment
for the related Transfer Date $ 0.00
-----------------
11. Available Funds
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $ 9,065,249.93
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $750,176.20
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $750,176.20
-----------------
12. 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, amounts,
if any, withdrawn from the Reserve
Account, amounts, if any, withdrawn from
the Swap Reserve Fund and the Net
Swap Receipt, if any, allocated
in respect of the Class A Certificates $ 9,440,249.93
-----------------
(b) 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 Class B
Certificates $ 783,301.20
-----------------
(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 $ 783,301.20
-----------------
13. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
--------
(b) The Portfolio Adjusted Yield 4.85%
--------
C. Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination - 5.78125%
-----------
Collateral Interest determination - 5.78125%
-----------
D. Information regarding the status of the
Interest Rate Swap and the Swap Counterparty
1. Has the Interest Reserve Account been No
established? ----
2. Has the Interest Reserve Account been No
funded? ----
3. The aggregate amount of funds withdrawn from $ 0.00
the Interest Reserve Account, if any ---------
4. How any funds withdrawn from the Interest
Reserve Account were utilized?
N/A
5. Has the Interest Rate Swap been Terminated? No
----
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1997-F
CLASS A CUSIP 55262TCN1 Exhibit 20.24
CLASS B CUSIP 55262TCP6
MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1997-I
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 $5.458333
-----------------
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 $4.737639
-----------------
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 $5.538021
-----------------
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. Principal Receivables
(a) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period,
wich were allocated in respect of
the Class A Certificates $83,897,322.62
-----------------
(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 $7,402,704.09
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $7,402,704.09
-----------------
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 $49,077,414,912.07
----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1997-I
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
1997-I 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:
January 1, 2000 through January 31, 2000 1.50%
(j) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(k) The Class B Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(l) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(m) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(n) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(p) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $2,953,573.32
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $2,510,537.36
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $221,517.98
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $221,517.98
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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. Collection of Finance Charge Receivables
(a) Class A Available Funds plus Servicer
Interchange Allocated to Class A $ 9,992,581.52
----------------
(b) Class B Available Funds plus Servicer
Interchange Allocated to Class B $ 831,333.94
----------------
(c) Collateral Interest Available Funds
plus Servicer Interchange Allocated
to the Collateral Interest $ 831,333.94
----------------
9. 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
- -----------------
10. Reserve Account
(a) The Reserve Draw Amount on the
related Transfer Date $ 0.00
- -----------------
(b) The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class A Available Funds $ 0.00
- -----------------
(c) The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class B Available Funds $ 0.00
- -----------------
11. Swap Reserve Fund
(a) The Swap Reserve Draw Amount
on the related Transfer Date $0.00
- -----------------
(b) The amount of the Swap Reserve Draw Amount
deposited in the Finance Charge Account
on the related Transfer Date to be treated
as Class A Available Fund $ 0.00
- -----------------
12. Swap Cash Flows
(a) The amount of the Net Swap Receipt
for the related Transfer Date $570,796.96
- -----------------
(b) The amount of the Net Swap Payment
for the related Transfer Date $ 0.00--------------
- ---
13. Available Funds
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $9,594,144.02
- -----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $ 796,177.69
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $ 796,177.69
-----------------
14. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period13.01%
-------
(b) The Portfolio Adjusted Yield4.83%
-------
C. Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class B determination -5.78125%
-------
Collateral Interest determination -5.78125%
-------
D. Information regarding the status of the
Interest Rate Swap and the Swap Counterparty
1. Has the Interest Reserve Account been
established?No
------
2. Has the Interest Reserve Account been
funded?No
------
3. The aggregate amount of funds withdrawn from
the Interest Reserve Account, if any $0.00
----------------
4. How any funds withdrawn from the Interest
Reserve Account were utilized?
N/A
5. Has the Interest Rate Swap been Terminated? No
-------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1997-I
CLASS A CUSIP 55262TCQ4 Exhibit 20.25
CLASS B CUSIP 55262TCR2
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1997-J
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 $4.589861
-----------------
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 $4.729861
-----------------
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 $5.516493
-----------------
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 $83,897,322.62
-----------------
(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 $7,402,704.09
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $7,402,704.09
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1997-J
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
1997-J 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:
January 1, 2000 through January 31, 2000 1.50%
(j) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(k) The Class B Floating Allocation
with respect to the related Monthly
period 0.075
----------
(l) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(m) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(n) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(p) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $2,953,573.32
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $2,510,537.36
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $221,517.98
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $221,517.98
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $9,023,347.06
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $796,177.69
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $796,177.69
-----------------
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 $9,421,784.56
-----------------
(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 $831,333.94
-----------------
(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 $831,333.94
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
--------
(b) The Portfolio Adjusted Yield 4.80%
--------
C. Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination - 5.78125%
-----------
Collateral Interest determination - 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice Presiden
1997-J
CLASS A CUSIP 55262TCS0 Exhibit 20.26
CLASS B CUSIP 55262TCT8
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1997-K
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 $4.589861
-----------------
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 $4.745417
-----------------
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 $5.563363
-----------------
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 $83,897,322.62
-----------------
(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 $7,402,704.09
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $7,402,704.09
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1997-K
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
1997-K 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:
January 1, 2000 through January 31, 2000 1.50%
(j) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(k) The Class B Floating Allocation
with respect to the related Monthly
period 0.075
----------
(l) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(m) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(n) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(p) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $2,953,573.32
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $2,510,537.36
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $221,517.98
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $221,517.98
-----------------
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 pre-
ceding 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 pre-
ceding 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 Distri-
bution 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 $9,023,347.06
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $796,177.69
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $796,177.69
-----------------
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 $9,421,784.56
-----------------
(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 $831,333.94
-----------------
(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 $831,333.94
-----------------
11. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
--------
(b) The Portfolio Adjusted Yield 4.79%
--------
C. Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination - 5.78125%
-----------
Collateral Interest determination - 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1997-K
CLASS A CUSIP 55262TCV3 Exhibit 20.27
CLASS B CUSIP 55262TCW1
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1997-M
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 Collateral Monthly Interest $5.408854
-----------------
5. The amount of distribution in respect
of any accrued and unpaid Collateral
Monthly Interest $0.000000
-----------------
B. Information Regarding the current Monthly Accumulation into the Interest
Funding Account (Stated on the Basis of $1,000 Original Certificate
Principal Amount).
1. The amount of the current monthly
accumulation in respect of Class A
Monthly Interest $4.783333
-----------------
2. The amount of the current monthly
accumulation in respect of Class A
Deficiency Amounts $0.000000
-----------------
3. The amount of the current monthly
accumulation in respect of Class A
Additional Interest $0.000000
----------------
4. The amount of the current monthly
accumulation in respect of Class B
Monthly Interest $4.907778
-----------------
5. The amount of the current monthly
accumulation in respect of Class B
Deficiency Amounts $ 0.000000
-----------------
6. The amount of the current monthly
accumulation in respect of Class B
Additional Interest $0.000000
-----------------
C. Information Regarding the Current Quarterly Interest Distribution
1. The total amount of distribution from
the Interest Funding Account $ 0.00
-----------------
2. The amount of the current quarterly
interest distribution in respect of
Class A $ 0.00
-----------------
3. The amount of the current quarterly
interest distribution in respect of
Class A set forth in 2 above per $1,000
of original certificate principal
amount $ 0.000000
-----------------
4. The amount of the current quarterly
interest distribution in respect of
Class B $ 0.00
-----------------
5. The amount of the current quarterly
interest distribution in respect of
Class B set forth in 4 above per $1,000
of original certificate principal
amount $ 0.000000
-----------------
D. 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 $83,897,322.62
-----------------
(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 $7,402,704.09
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $7,402,704.09
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1997-M
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
1997-M 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:
January 1, 2000 through January 31, 20001.50%
(j) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(k) The Class B Floating Allocation
with respect to the related Monthly
period 0.075
----------
(l) The Collateral Floating Allocation
with respect to the related Monthly
Period 0.075
----------
(m) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(n) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(p) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $2,953,573.32
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $2,510,537.36
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $221,517.98
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $221,517.98
-----------------
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 $ 0.000000
-----------------
(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 $ 0.000000
-----------------
(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 $ 0.000000
-----------------
(g) The aggregate amount of Class A
Investor Charge Offs reimbursed on
the Transfer Date immediately pre-
ceding 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 $ 0.000000
-----------------
(i) The aggregate amount of Class B
Investor Charge Offs reimbursed on
the Transfer Date immediately pre-
ceding 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 $ 0.000000
-----------------
(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 $ 0.000000
-----------------
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
FinanceCharge Account on the
related Transfer Date from the
Reserve Account $ 0.00
-----------------
(1) The Reserve Draw Amount deposited
in the FinanceCharge Account to be
treated as Class A Available Funds $ 0.00
-----------------
(2) The Reserve Draw Amount deposited
in the FinanceCharge 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. Interest Funding Account
(a) The aggregate amount on deposit in
the Interest Funding Account on
the related Transfer Date (after taking
into account deposits on such date
but prior to withdrawals) $3,325,437.50
-----------------
(b) The aggregate amount deposited into
the Interest Funding Account with
respect to the Class A Certificates
on the related Transfer Date $3,049,375.00
-----------------
(c) The aggregate amount deposited into
the Interest Funding Account with
respect to the Class B Certificates
on the related Transfer Date $276,062.50
-----------------
(d) The Interest Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date $ 0.00
-----------------
10. Available Funds
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $9,023,347.06
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $796,177.69
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $796,177.69
-----------------
11. 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, allocated
in respect of the Class A Certificates $9,421,784.56
-----------------
(b) 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 Class B
Certificates $831,333.94
-----------------
(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 $831,333.94
-----------------
12. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.01%
-------
(b) The Portfolio Adjusted Yield 4.63%
-------
E. Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination - 6.04000%
-----------
Collateral Interest determination - 5.78125%
-----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1997-M
CLASS A CUSIP 55262TCY7 Exhibit 20.28
CLASS B CUSIP 55262TCZ4
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1997-N
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of February 15, 2000, and with respect to the
performance of the trust during the month of January, 2000 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 Collateral Monthly Interest $5.383021
-----------------
5. The amount of distribution in respect
of any accrued and unpaid Collateral
Monthly Interest $0.000000
-----------------
B. Information Regarding the current Monthly Accumulation into the Interest
Funding Account (Stated on the Basis of $1,000 Original Certificate
Principal Amount).
1. The amount of the current monthly
accumulation in respect of Class A
Monthly Interest $4.770694
-----------------
2. The amount of the current monthly
accumulation in respect of Class A
Deficiency Amounts $0.000000
-----------------
3. The amount of the current monthly
accumulation in respect of Class A
Additional Interest $0.000000
----------------
4. The amount of the current monthly
accumulation in respect of Class B
Monthly Interest $4.895139
-----------------
5. The amount of the current monthly
accumulation in respect of Class B
Deficiency Amounts $ 0.000000
-----------------
6. The amount of the current monthly
accumulation in respect of Class B
Additional Interest $0.000000
-----------------
C. Information Regarding the Current Quarterly Interest Distribution
1. The total amount of distribution from
the Interest Funding Account $13,077,153.14
-----------------
2. The amount of the current quarterly
interest distribution in respect of
Class A $11,991,481.26
-----------------
3. The amount of the current quarterly
interest distribution in respect of
Class A set forth in 2 above per $1,000
of original certificate principal
amount $ 15.675139
-----------------
4. The amount of the current quarterly
interest distribution in respect of
Class B $1,085,671.88
-----------------
5. The amount of the current quarterly
interest distribution in respect of
Class B set forth in 4 above per $1,000
of original certificate principal
amount $ 16.084028
-----------------
D. 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 $100,676,789.84
-----------------
(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 $8,883,244.95
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest $8,883,244.95
-----------------
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 $49,077,414,912.07
-----------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1997-N
as of the end of the day on the last
day of the related Monthly Period $900,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1997-N as of the end of the day on the
last day of the related Monthly Period $900,000,000.00
-----------------
(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 $765,000,000.00
-----------------
(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 $765,000,000.00
-----------------
(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 $67,500,000.00
-----------------
(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 $67,500,000.00
-----------------
(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 $67,500,000.00
-----------------
(i) The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 20001.80%
(j) The Class A Floating Allocation
with respect to the related Monthly
Period 0.850
----------
(k) The Class B Floating Allocation
with respect to the related Monthly
period 0.075
----------
(l) The Collateral Floating Allocation
with respect to the related Monthly Period0.075
----------
(m) The Fixed Investor Percentage with
respect to the related Monthly Period N/A
----------
(n) The Class A Fixed Allocation with
respect to the related Monthly Period N/A
----------
(o) The Class B Fixed Allocation with
respect to the related Monthly Period N/A
----------
(p) The Collateral Fixed Allocation with
respect to the related Monthly Period N/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:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 30 - 59 days: 1.89% 949,123,333.66
------- -----------------
(b) 60 - 89 days: 0.97% 486,550,049.00
------- -----------------
(c) 90 - 119 days: 0.72% 363,412,516.28
------- -----------------
(d) 120 - 149 days: 0.59% 296,389,433.47
------- -----------------
(e) 150 or more days: 0.86% 431,077,811.46
------- -----------------
Total 5.03% 2,526,553,143.87
------- -----------------
4. Investor Default Amount
(a) The Aggregate Investor Default Amount
for the related Monthly Period $3,544,288.07
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period $3,012,644.93
-----------------
(c) The Class B Investor Default Amount
for the related Monthly Period $265,821.57
-----------------
(d) The Collateral Default Amount for
the related Monthly Period $265,821.57
-----------------
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 $ 0.000000
-----------------
(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 $ 0.000000
-----------------
(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 $ 0.000000
-----------------
(g) The aggregate amount of Class A
Investor Charge Offs reimbursed on
the Transfer Date immediately pre-
ceding 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 $ 0.000000
-----------------
(i) The aggregate amount of Class B
Investor Charge Offs reimbursed on
the Transfer Date immediately pre-
ceding 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 $ 0.000000
-----------------
(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 $ 0.000000
-----------------
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 $796,875.00
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $70,312.50
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period $70,312.50
-----------------
(d) The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $562,500.00
-----------------
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 $67,500,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date $67,500,000.00
-----------------
(e) The Class B Adjusted Investor Interest as
of the close of business on this Distribution
Date $67,500,000.00
-----------------
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
FinanceCharge Account on the
related Transfer Date from the
Reserve Account $ 0.00
-----------------
(1) The Reserve Draw Amount deposited
in the FinanceCharge Account to be
treated as Class A Available Funds $ 0.00
-----------------
(2) The Reserve Draw Amount deposited
in the FinanceCharge 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. Interest Funding Account
(a) The aggregate amount on deposit in
the Interest Funding Account on
the related Transfer Date (after taking
into account deposits on such date
but prior to withdrawals) $13,077,153.14
-----------------
(b) The aggregate amount deposited into
the Interest Funding Account with
respect to the Class A Certificates
on the related Transfer Date $3,649,581.25
-----------------
(c) The aggregate amount deposited into
the Interest Funding Account with
respect to the Class B Certificates
on the related Transfer Date $330,421.88
-----------------
(d) The Interest Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date $43,685.58
-----------------
10. Available Funds
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $10,871,702.31
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $955,413.21
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date $955,413.21
-----------------
11. 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, allocated
in respect of the Class A Certificates $11,349,827.31
-----------------
(b) 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 Class B
Certificates $997,600.71
-----------------
(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 $997,600.71
-----------------
12. Portfolio Yield
(a) The Portfolio Yield for the related
Monthly Period 13.07%
--------
(b) The Portfolio Adjusted Yield 4.74%
--------
E. Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination - 6.06375%
----------
Collateral Interest determination - 5.78125%
----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1997-N
CLASS A CUSI262TDC4Exhibit 20.29
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 JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$4.582083
------------------
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$4.698750
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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$5.451910
------------------
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 $83,897,322.62
------------------
(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 $7,402,704.09
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $7,402,704.09
------------------
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 $49,077,414,912.07
------------------
(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:
January 1, 2000 through January 31, 2000 1.50%
(j)The Class A Floating Allocation with
respect to the related Monthly Period 0.850
- ----------
(k)The Class B Floating Allocation with
respect to the related Monthly Period 0.075
- ----------
(l)The Collateral Floating Allocation with
respect to the related Monthly Period 0.075
- ----------
(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 Period N/A
- ----------
(o)The Class B Fixed Allocation with
respect to the related Monthly Period N/A
- ----------
(p)The Collateral Fixed Allocation with
respect to the related Monthly Period N/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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $2,953,573.32
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $2,510,537.36
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $221,517.98
------------------
(d)The Collateral Default Amount for the
related Monthly Period $221,517.98
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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 $9,023,347.06
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $796,177.69
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $796,177.69
------------------
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 $9,421,784.56
------------------
(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 $831,333.94
------------------
(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 $831,333.94
------------------
11.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 4.81%
- --------
C.Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination -5.78125%
- -----------
Collateral Interest determination - 5.78125%
- -----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1998-A
CLASS A CUSI262TDF7Exhibit 20.30
CLASS B CUSIP 55262TDG5
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1998-C
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$4.558750
------------------
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$4.690972
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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 Minimum Monthly Interest$5.291667
------------------
11.The amount of distribution in respect of any
accrued and unpaid Collateral Minimum 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 $83,897,322.62
------------------
(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 $7,402,704.09
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $7,402,704.09
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1998-C 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-C 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
Amount as of the end of the day on the last
day of the related Monthly period $56,250,000.00
------------------
(i)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Adjusted Amount as of the end of the day on
the last day of the related Monthly period$56,250,000.00
------------------
(j)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 20001.50%
(k)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(l)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(m)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(n)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(q)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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $2,953,573.32
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $2,510,537.36
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $221,517.98
------------------
(d)The Collateral Default Amount for the
related Monthly Period $221,517.98
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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 Amount as of the
close of business on this Distribution
Date $56,250,000.00
------------------
(d)The Collateral Interest Adjusted Amount
as of the close of business on the
Distribution Date$56,250,000.00
- ------------------
(e)The Class B Investor Interest as of the
close of business on this Distribution
Date $56,250,000.00
------------------
(f)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 $9,023,347.06
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $796,177.69
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $796,177.69
------------------
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 $9,421,784.56
------------------
(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 $831,333.94
------------------
(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 $831,333.94
------------------
11.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 4.87%
- --------
C.Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination -5.78125%
- -----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION, Jack Fioravanti
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1998-C
CLASS A CUS262TDH3Exhibit 20.31
CLASS B CUSIP55262TDJ9
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1998-D
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$4.833333
------------------
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$4.690972
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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 Minimum Monthly Interest$5.250000
------------------
11.The amount of distribution in respect of any
accrued and unpaid Collateral Minimum 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 $62,511,729.09
------------------
(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 $5,527,350.31
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $5,527,350.31
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1998-D as of the end of the day on
the last day of the related Monthly Period $559,000,000.00
------------------
(c)The amount of Principal Receivables in the
Trust represented by the Adjusted Investor
Interest of Series 1998-D as of the end of
the day on the last day of the related
Monthly Period $559,000,000.00
------------------
(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 $475,000,000.00
------------------
(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$475,000,000.00
------------------
(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 $42,000,000.00
------------------
(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 $42,000,000.00
------------------
(h)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Amount as of the end of the day on the last
day of the related Monthly period $42,000,000.00
------------------
(i)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Adjusted Amount as of the end of the day on
the last day of the related Monthly period$42,000,000.00
------------------
(j)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.12%
(k)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(l)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(m)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(n)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(q)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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $2,201,396.52
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $1,870,596.44
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $165,400.04
------------------
(d)The Collateral Default Amount for the
related Monthly Period $165,400.04
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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$494,791.67
------------------
(b)The amount of the Class B Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period $43,750.00
------------------
(c)The amount of the Collateral Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period$43,750.00
------------------
(d)The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $349,375.00
------------------
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 Amount as of the
close of business on this Distribution
Date $42,000,000.00
------------------
(d)The Collateral Interest Adjusted Amount
as of the close of business on the
Distribution Date$42,000,000.00
- ------------------
(e)The Class B Investor Interest as of the
close of business on this Distribution
Date $42,000,000.00
------------------
(f)The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $42,000,000.00
------------------
8.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,
amounts, if any, withdrawn from the Swap Reserve
Fund and the Net Swap Receipt, if any,
allocated in respect of the Class A
Certificates $7,185,012.65
------------------
(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 $620,728.92
------------------
(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 $620,728.92
------------------
9. 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
------------------
10.Reserve Account
(a)The Reserve Draw Amount on the related
Transfer Date $ 0.00
------------------
(b)The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class A Available Funds $ 0.00
------------------
(c)The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class B Available Funds $ 0.00
------------------
(d)Interest Earnings on funds on deposit
in the Reserve Account deposited in the
Finance Charge Account on the related
Transfer Date $ 0.00
------------------
11.Swap Reserve Fund
(a) The Swap Reserve Draw Amount on the
related Transfer Date$ 0.00
------------------
(b) The amount of the Swap Reserve Draw
Amount deposited in the Finance Charge
Account on the related Transfer Date to be
treated as Class A Available Funds$ 0.00
------------------
12. Swap Cash Flows
(a) The amount of the Net Swap Receipt for the
related Transfer Date$164,859.30
------------------
(b) The amount of the Net Swap Payment for the
related Transfer Date$ 0.00
------------------
13.Available Funds
(a)The amount of Class A Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $6,888,137.65
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $594,478.92
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $594,478.92
------------------
14.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 4.95%
- --------
C.Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination -5.78125%
- -----------
D. Information Regarding the Status of the Interest Rate Swap and the Swap
Counterparty
1.Has the Interest Reserve Account been established?Yes
2.Has the Interest Reserve Account been funded?Yes
3.The aggregate amount of funds withdrawn from the
Interest Reserve Account, if any$0.00
------------------
4.How any funds withdrawn from the Interest Reserve
Account were utilized
N/A
5.Has the Interest Rate Swap been terminated?No
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL
ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1998-D
CLASS A CUSI262TDK6Exhibit 20.32
CLASS B CUSIP 55262TDL4
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1998-E
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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
Collateral Minimum Monthly Interest$5.500000
------------------
5.The amount of distribution in respect of any
accrued and unpaid Collateral Minimum Monthly
Interest$0.000000
------------------
B. Information Regarding the current Monthly Accumulation into the Interest
Funding Account (Stated on the Basis of $1,000 Original Certificate
Principal Amount).
1.The amount of the current monthly
accumulation in respect of Class A
Monthly Interest$ 4.810556
------------------
2.The amount of the current monthly
accumulation in respect of Class A
Deficiency Amounts$ 0.000000
------------------
3.The amount of the current monthly
accumulation in respect of Class A
Additional Interest$ 0.000000
------------------
4.The amount of the current monthly
accumulation in respect of Class B
Monthly Interest$ 4.954444
------------------
5.The amount of the current monthly
accumulation in respect of Class B
Deficiency Amounts$ 0.000000
------------------
6.The amount of the current monthly
accumulation in respect of Class B
Additional Interest$ 0.000000
------------------
C. Information Regarding the Current Quarterly Interest Distribution
1.The total amount of distribution from
the Interest Funding Account$ 0.00
------------------
2.The amount of the current quarterly interest
distribution in respect of Class A$ 0.00
------------------
3.The amount of the current quarterly
interest distribution in respect of
Class A set forth in 2 above per $1,000
of original certificate principal
amount$ 0.000000
------------------
4.The amount of the current quarterly interest
distribution in respect of Class B$ 0.00
------------------
5.The amount of the current quarterly
interest distribution in respect of
Class B set forth in 4 above per $1,000
of original certificate principal amount$ 0.000000
------------------
D.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 $98,702,730.96
------------------
(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 $8,712,161.18
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $8,712,161.18
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1998-E as of the end of the day on
the last day of the related Monthly Period $882,400,000.00
------------------
(c)The amount of Principal Receivables in the
Trust represented by the Adjusted Investor
Interest of Series 1998-E as of the end of
the day on the last day of the related
Monthly Period $882,400,000.00
------------------
(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 $750,000,000.00
------------------
(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$750,000,000.00
------------------
(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 $66,200,000.00
------------------
(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 $66,200,000.00
------------------
(h)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Amount as of the end of the day on the last
day of the related Monthly period $66,200,000.00
------------------
(i)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Adjusted Amount as of the end of the day on
the last day of the related Monthly period$66,200,000.00
------------------
(j)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.77%
(k)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(l)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(m)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(n)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(q)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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $3,474,977.50
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $2,953,573.34
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $260,702.08
------------------
(d)The Collateral Default Amount for the
related Monthly Period $260,702.08
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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$781,250.01
------------------
(b)The amount of the Class B Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period $68,958.33
------------------
(c)The amount of the Collateral Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period$68,958.33
------------------
(d)The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $551,500.00
------------------
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 Amount as of the
close of business on this Distribution
Date $66,200,000.00
------------------
(d)The Collateral Interest Adjusted Amount
as of the close of business on the
Distribution Date$66,200,000.00
- ------------------
(e)The Class B Investor Interest as of the
close of business on this Distribution
Date $66,200,000.00
------------------
(f)The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $66,200,000.00
------------------
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.Interest Funding Account
(a)The aggregate amount on deposit in
the Interest Funding Account on
the related Transfer Date (after taking
into account deposits on such date
but prior to withdrawals)$3,935,900.89
------------------
(b)The aggregate amount deposited into
the Interest Funding Account with
respect to the Class A Certificates
on the related Transfer Date$3,607,916.67
------------------
(c)The aggregate amount deposited into
the Interest Funding Account with
respect to the Class B Certificates
on the related Transfer Date$327,984.22
------------------
(d)The Interest Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date$ 0.00
------------------
10.Available Funds
(a)The amount of Class A Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $10,615,701.54
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $937,013.19
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $937,013.19
------------------
11.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 $11,084,451.54
------------------
(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 $978,388.19
------------------
(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 $978,388.19
------------------
12.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 4.60%
- --------
E.Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination -6.04000%
- -----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1998-E
CLASS A CUSI262TDM2Exhibit 20.33
CLASS B CUSIP 55262TDN0
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1998-F
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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
Collateral Minimum Monthly Interest$5.375000
------------------
5.The amount of distribution in respect of any
accrued and unpaid Collateral Minimum Monthly
Interest$0.000000
------------------
B.Information Regarding the current Monthly Accumulation into the Interest
Funding Account (Stated on the Basis of $1,000 Original Certificate
Principal Amount).
1.The amount of the current monthly
accumulation in respect of Class A
Monthly Interest$ 4.838750
------------------
2.The amount of the current monthly
accumulation in respect of Class A
Deficiency Amounts$ 0.000000
------------------
3.The amount of the current monthly
accumulation in respect of Class A
Additional Interest$ 0.000000
------------------
4.The amount of the current monthly
accumulation in respect of Class B
Monthly Interest$ 4.978750
------------------
5.The amount of the current monthly
accumulation in respect of Class B
Deficiency Amounts$ 0.000000
------------------
6.The amount of the current monthly
accumulation in respect of Class B
Additional Interest$ 0.000000
------------------
C. Information Regarding the Current Quarterly Interest Distribution
1.The total amount of distribution from
the Interest Funding Account$ 0.00
------------------
2.The amount of the current quarterly interest
distribution in respect of Class A$ 0.00
------------------
3.The amount of the current quarterly
interest distribution in respect of
Class A set forth in 2 above per $1,000
of original certificate principal
amount$ 0.000000
------------------
4.The amount of the current quarterly interest
distribution in respect of Class B$ 0.00
------------------
5.The amount of the current quarterly
interest distribution in respect of
Class B set forth in 4 above per $1,000
of original certificate principal amount$ 0.000000
------------------
D.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 $55,931,550.51
------------------
(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 $4,935,133.93
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $4,935,133.93
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1998-F as of the end of the day on
the last day of the related Monthly Period $500,000,000.00
------------------
(c)The amount of Principal Receivables in the
Trust represented by the Adjusted Investor
Interest of Series 1998-F as of the end of
the day on the last day of the related
Monthly Period $500,000,000.00
------------------
(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 $425,000,000.00
------------------
(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$425,000,000.00
------------------
(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 $37,500,000.00
------------------
(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 $37,500,000.00
------------------
(h)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Amount as of the end of the day on the last
day of the related Monthly period $37,500,000.00
------------------
(i)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Adjusted Amount as of the end of the day on
the last day of the related Monthly period$37,500,000.00
------------------
(j)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.00%
(k)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(l)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(m)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(n)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(q)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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $1,969,048.83
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $1,673,691.65
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $147,678.59
------------------
(d)The Collateral Default Amount for the
related Monthly Period $147,678.59
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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$442,708.33
------------------
(b)The amount of the Class B Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period $39,062.50
------------------
(c)The amount of the Collateral Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period$39,062.50
------------------
(d)The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $312,500.00
------------------
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 Amount as of the
close of business on this Distribution
Date $37,500,000.00
------------------
(d)The Collateral Interest Adjusted Amount
as of the close of business on the
Distribution Date$37,500,000.00
- ------------------
(e)The Class B Investor Interest as of the
close of business on this Distribution
Date $37,500,000.00
------------------
(f)The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $37,500,000.00
------------------
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.Interest Funding Account
(a)The aggregate amount on deposit in
the Interest Funding Account on
the related Transfer Date (after taking
into account deposits on such date
but prior to withdrawals)$4,967,023.45
------------------
(b)The aggregate amount deposited into
the Interest Funding Account with
respect to the Class A Certificates
on the related Transfer Date$2,056,468.75
------------------
(c)The aggregate amount deposited into
the Interest Funding Account with
respect to the Class B Certificates
on the related Transfer Date$186,703.13
------------------
(d)The Interest Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date$13,032.89
------------------
10.Available Funds
(a)The amount of Class A Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $6,028,597.91
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $530,784.89
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $530,784.89
------------------
11.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 $6,294,222.91
------------------
(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 $554,222.39
------------------
(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 $554,222.39
------------------
12.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.04%
- --------
(b)The Portfolio Adjusted Yield 4.85%
- --------
E.Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination -6.12125%
- -----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL
ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1998-F
CLASS A CUSI262TDP5Exhibit 20.34
CLASS B CUSIP 55262TDQ3
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1998-G
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$4.597639
------------------
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$4.807639
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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$5.702385
------------------
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 $83,897,322.62
------------------
(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 $7,402,704.09
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $7,402,704.09
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1998-G 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-G 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:
January 1, 2000 through January 31, 2000 1.50%
(j)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(k)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(l)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $2,953,573.32
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $2,510,537.36
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $221,517.98
------------------
(d)The Collateral Default Amount for the
related Monthly Period $221,517.98
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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 $9,023,347.06
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $796,177.69
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $796,177.69
------------------
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 $9,421,784.56
------------------
(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 $831,333.94
------------------
(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 $831,333.94
------------------
11.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 4.76%
- --------
C.Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination -5.78125%
- -----------
Collateral Interest determination - 5.78125%
- -----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1998-G
CLASS A CUSI262TDR1Exhibit 20.35
CLASS B CUSIP 55262TDS9
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1998-I
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$4.698750
------------------
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$4.893194
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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$5.710243
------------------
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 $83,897,322.62
------------------
(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 $7,402,704.09
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $7,402,704.09
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1998-I 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-I 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:
January 1, 2000 through January 31, 2000 1.50%
(j)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(k)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(l)The Collateral Floating Allocation with
respect to the related Monthly Period 0.075
- ----------
(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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $2,953,573.32
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $2,510,537.36
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $221,517.98
------------------
(d)The Collateral Default Amount for the
related Monthly Period $221,517.98
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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
------------------
(f)The Class A Investor Interest as of the
close of business on this Distribution
Date $637,500,000.00
------------------
(g)The Class A Adjusted Investor Interest
as of the close of business on this
Distribution Date $637,500,000.00
------------------
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 $9,023,347.06
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $796,177.69
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $796,177.69
------------------
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 $9,421,784.56
------------------
(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 $831,333.94
------------------
(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 $831,333.94
------------------
11.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 4.64%
- --------
C.Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination -5.78125%
- -----------
Collateral Interest determination - 5.78125%
- -----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1998-I
CLASS A CUSI262TDT7Exhibit 20.36
CLASS B CUSIP 55262TDU4
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1998-J
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$4.375000
------------------
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$4.708333
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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$6.054688
------------------
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 $86,858,404.28
------------------
(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 $5,922,163.34
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $5,922,163.34
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1998-J 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-J 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 $660,000,000.00
------------------
(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$660,000,000.00
------------------
(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 $45,000,000.00
------------------
(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 $45,000,000.00
------------------
(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 $45,000,000.00
------------------
(i)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.50%
(j)The Class A Floating Allocation with
respect to the related Monthly Period0.880
- ----------
(k)The Class B Floating Allocation with
respect to the related Monthly Period0.060
- ----------
(l)The Collateral Floating Allocation with
respect to the related Monthly Period0.060
- ----------
(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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $2,953,573.33
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $2,599,144.57
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $177,214.38
------------------
(d)The Collateral Default Amount for the
related Monthly Period $177,214.38
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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$687,500.00
------------------
(b)The amount of the Class B Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period $46,875.00
------------------
(c)The amount of the Collateral Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period$46,875.00
------------------
(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 $45,000,000.00
------------------
(d)The Class B Investor Interest as of the
close of business on this Distribution
Date $45,000,000.00
------------------
(e)The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $45,000,000.00
------------------
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 $9,341,818.09
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $636,942.05
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $636,942.05
------------------
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 $9,754,318.09
------------------
(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 $665,067.05
------------------
(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 $665,067.05
------------------
11.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 5.62%
- --------
C.Floating Rate Determinations
LIBOR rates for the related Interest Period:
Collateral Interest determination - 5.78125%
- -----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1998-J
CLASS A CUSI262TDZ3Exhibit 20.37
CLASS B CUSIP 55262TEA7
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1999-A
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$4.605417
------------------
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$4.784306
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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 Minimum Monthly Interest$5.541667
------------------
11.The amount of distribution in respect of any
accrued and unpaid Collateral Minimum 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 $55,931,550.51
------------------
(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 $4,935,133.93
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $4,935,133.93
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1999-A as of the end of the day on
the last day of the related Monthly Period $500,000,000.00
------------------
(c)The amount of Principal Receivables in the
Trust represented by the Adjusted Investor
Interest of Series 1999-A as of the end of
the day on the last day of the related
Monthly Period $500,000,000.00
------------------
(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 $425,000,000.00
------------------
(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$425,000,000.00
------------------
(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 $37,500,000.00
------------------
(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 $37,500,000.00
------------------
(h)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Amount as of the end of the day on the last
day of the related Monthly period $37,500,000.00
------------------
(i)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Adjusted Amount as of the end of the day on
the last day of the related Monthly period$37,500,000.00
------------------
(j)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.00%
(k)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(l)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(m)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(n)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(q)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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $1,969,048.83
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $1,673,691.65
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $147,678.59
------------------
(d)The Collateral Default Amount for the
related Monthly Period $147,678.59
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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$442,708.33
------------------
(b)The amount of the Class B Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period $39,062.50
------------------
(c)The amount of the Collateral Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period$39,062.50
------------------
(d)The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $312,500.00
------------------
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 Amount as of the
close of business on this Distribution
Date $37,500,000.00
------------------
(d)The Collateral Interest Adjusted Amount
as of the close of business on the
Distribution Date$37,500,000.00
- ------------------
(e)The Class B Investor Interest as of the
close of business on this Distribution
Date $37,500,000.00
------------------
(f)The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $37,500,000.00
------------------
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 $6,015,565.02
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $530,784.89
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $530,784.89
------------------
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 $6,281,190.02
------------------
(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 $554,222.39
------------------
(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 $554,222.39
------------------
11.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 4.78%
- --------
C.Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination -5.78125%
- -----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1999-A
CLASS A CUS262TEB5Exhibit 20.38
CLASS B CUSIP55262TEC3
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1999-B
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$4.916667
------------------
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$5.166667
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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 Minimum Monthly Interest$5.541667
------------------
11.The amount of distribution in respect of any
accrued and unpaid Collateral Minimum 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 $83,897,322.62
------------------
(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 $7,402,704.09
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $7,402,704.09
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1999-B 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 1999-B 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
Amount as of the end of the day on the last
day of the related Monthly period $56,250,000.00
------------------
(i)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Adjusted Amount as of the end of the day on
the last day of the related Monthly period$56,250,000.00
------------------
(j)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.50%
(k)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(l)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(m)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(n)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(q)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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $2,953,573.32
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $2,510,537.36
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $221,517.98
------------------
(d)The Collateral Default Amount for the
related Monthly Period $221,517.98
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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 Amount as of the
close of business on this Distribution
Date $56,250,000.00
------------------
(d)The Collateral Interest Adjusted Amount
as of the close of business on the
Distribution Date$56,250,000.00
- ------------------
(e)The Class B Investor Interest as of the
close of business on this Distribution
Date $56,250,000.00
------------------
(f)The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $56,250,000.00
------------------
8.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,
amounts, if any, withdrawn from the Swap Reserve
Fund and the Net Swap Receipt, if any,
allocated in respect of the Class A
Certificates $9,631,372.60
------------------
(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 $831,333.94
------------------
(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 $831,333.94
------------------
9. 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
------------------
10.Reserve Account
(a)The Reserve Draw Amount on the related
Transfer Date $ 0.00
------------------
(b)The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class A Available Funds $ 0.00
------------------
(c)The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class B Available Funds $ 0.00
------------------
(d)Interest Earnings on funds on deposit
in the Reserve Account deposited in the
Finance Charge Account on the related
Transfer Date $ 0.00
------------------
11.Swap Reserve Fund
(a) The Swap Reserve Draw Amount on the
related Transfer Date$ 0.00
------------------
(b) The amount of the Swap Reserve Draw
Amount deposited in the Finance Charge
Account on the related Transfer Date to be
treated as Class A Available Funds$ 0.00
------------------
12. Swap Cash Flows
(a) The amount of the Net Swap Receipt for the
related Transfer Date$209,588.04
------------------
(b) The amount of the Net Swap Payment for the
related Transfer Date$ 0.00
------------------
13.Available Funds
(a)The amount of Class A Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $9,232,935.10
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $796,177.69
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $796,177.69
------------------
14.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 4.82%
- --------
C. Information Regarding the Status of the Interest Rate Swap and the Swap
Counterparty
1.Has the Interest Reserve Account been established?No
2.Has the Interest Reserve Account been funded?No
3.The aggregate amount of funds withdrawn from the
Interest Reserve Account, if any$0.00
------------------
4.How any funds withdrawn from the Interest Reserve
Account were utilized
N/A
5.Has the Interest Rate Swap been terminated?No
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL
ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1999-B
CLASS A CUSI262TEE9Exhibit 20.39
CLASS B CUSIP 55262TEF6
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1999-D
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$4.644306
------------------
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$5.416667
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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 Minimum Monthly Interest$5.791667
------------------
11.The amount of distribution in respect of any
accrued and unpaid Collateral Minimum 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 $55,931,550.51
------------------
(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 $4,935,133.93
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $4,935,133.93
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1999-D as of the end of the day on
the last day of the related Monthly Period $500,000,000.00
------------------
(c)The amount of Principal Receivables in the
Trust represented by the Adjusted Investor
Interest of Series 1999-D as of the end of
the day on the last day of the related
Monthly Period $500,000,000.00
------------------
(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 $425,000,000.00
------------------
(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$425,000,000.00
------------------
(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 $37,500,000.00
------------------
(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 $37,500,000.00
------------------
(h)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Amount as of the end of the day on the last
day of the related Monthly period $37,500,000.00
------------------
(i)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Adjusted Amount as of the end of the day on
the last day of the related Monthly period$37,500,000.00
------------------
(j)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.00%
(k)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(l)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(m)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(n)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(q)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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $1,969,048.83
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $1,673,691.65
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $147,678.59
------------------
(d)The Collateral Default Amount for the
related Monthly Period $147,678.59
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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$442,708.33
------------------
(b)The amount of the Class B Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period $39,062.50
------------------
(c)The amount of the Collateral Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period$39,062.50
------------------
(d)The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $312,500.00
------------------
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 Amount as of the
close of business on this Distribution
Date $37,500,000.00
------------------
(d)The Collateral Interest Adjusted Amount
as of the close of business on the
Distribution Date$37,500,000.00
- ------------------
(e)The Class B Investor Interest as of the
close of business on this Distribution
Date $37,500,000.00
------------------
(f)The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $37,500,000.00
------------------
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 $6,015,565.02
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $530,784.89
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $530,784.89
------------------
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 $6,281,190.02
------------------
(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 $554,222.39
------------------
(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 $554,222.39
------------------
11.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 4.71%
- --------
C.Floating Rate Determinations
LIBOR rate for the Interest Period ending on this
Distribution Date:5.78125%
- -----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL
ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1999-D
CLASS A CUSI262TEH2Exhibit 20.40
CLASS B CUSIP 55262TEJ8
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1999-E
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$4.593750
------------------
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$4.745417
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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 Minimum Monthly Interest$5.040972
------------------
11.The amount of distribution in respect of any
accrued and unpaid Collateral Minimum 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 $111,863,094.56
------------------
(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 $9,870,274.46
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $9,870,274.46
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1999-E as of the end of the day on
the last day of the related Monthly Period $1,000,000,000.00
------------------
(c)The amount of Principal Receivables in the
Trust represented by the Adjusted Investor
Interest of Series 1999-E as of the end of
the day on the last day of the related
Monthly Period $1,000,000,000.00
------------------
(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 $850,000,000.00
------------------
(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$850,000,000.00
------------------
(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 $75,000,000.00
------------------
(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 $75,000,000.00
------------------
(h)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Amount as of the end of the day on the last
day of the related Monthly period $75,000,000.00
------------------
(i)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Adjusted Amount as of the end of the day on
the last day of the related Monthly period$75,000,000.00
------------------
(j)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 2.00%
(k)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(l)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(m)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(n)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(q)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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $3,938,097.93
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $3,347,383.17
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $295,357.38
------------------
(d)The Collateral Default Amount for the
related Monthly Period $295,357.38
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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$885,416.67
------------------
(b)The amount of the Class B Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period $78,125.00
------------------
(c)The amount of the Collateral Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period$78,125.00
------------------
(d)The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $625,000.00
------------------
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 Amount as of the
close of business on this Distribution
Date $75,000,000.00
------------------
(d)The Collateral Interest Adjusted Amount
as of the close of business on the
Distribution Date$75,000,000.00
- ------------------
(e)The Class B Investor Interest as of the
close of business on this Distribution
Date $75,000,000.00
------------------
(f)The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $75,000,000.00
------------------
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 $12,031,129.30
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $1,061,570.30
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $1,061,570.30
------------------
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 $12,562,379.30
------------------
(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 $1,108,445.30
------------------
(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 $1,108,445.30
------------------
11.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 4.79%
- --------
C.Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination -5.78125%
- -----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL
ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1999-E
CLASS A CUS262TEN9Exhibit 20.41
CLASS B CUSIP55262TEP4
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1999-G
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$5.291667
------------------
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$5.500000
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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 Minimum Monthly Interest$5.118750
------------------
11.The amount of distribution in respect of any
accrued and unpaid Collateral Minimum 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 $83,897,322.62
------------------
(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 $7,402,704.09
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $7,402,704.09
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1999-G 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 1999-G 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
Investor 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
Amount as of the end of the day on the last
day of the related Monthly period $56,250,000.00
------------------
(i)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Adjusted Amount as of the end of the day on
the last day of the related Monthly period$56,250,000.00
------------------
(j)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.50%
(k)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(l)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(m)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(n)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(q)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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $2,953,573.32
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $2,510,537.36
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $221,517.98
------------------
(d)The Collateral Default Amount for the
related Monthly Period $221,517.98
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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 Amount as of the
close of business on this Distribution
Date $56,250,000.00
------------------
(d)The Collateral Interest Adjusted Amount
as of the close of business on the
Distribution Date$56,250,000.00
- ------------------
(e)The Class B Investor Interest as of the
close of business on this Distribution
Date $56,250,000.00
------------------
(f)The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $56,250,000.00
------------------
8.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,
amounts, if any, withdrawn from the Swap Reserve
Fund and the Net Swap Receipt, if any,
allocated in respect of the Class A
Certificates $9,835,097.06
------------------
(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 $831,333.94
------------------
(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 $831,333.94
------------------
9. 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
------------------
10.Reserve Account
(a)The Reserve Draw Amount on the related
Transfer Date $ 0.00
------------------
(b)The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class A Available Funds $ 0.00
------------------
(c)The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class B Available Funds $ 0.00
------------------
(d)Interest Earnings on funds on deposit
in the Reserve Account deposited in the
Finance Charge Account on the related
Transfer Date $ 0.00
------------------
11.Swap Reserve Fund
(a) The Swap Reserve Draw Amount on the
related Transfer Date$ 0.00
------------------
(b) The amount of the Swap Reserve Draw
Amount deposited in the Finance Charge
Account on the related Transfer Date to be
treated as Class A Available Funds$ 0.00
------------------
12. Swap Cash Flows
(a) The amount of the Net Swap Receipt for the
related Transfer Date$413,312.50
------------------
(b) The amount of the Net Swap Payment for the
related Transfer Date$ 0.00
------------------
13.Available Funds
(a)The amount of Class A Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $9,436,659.56
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $796,177.69
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $796,177.69
------------------
14.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 4.71%
- --------
C. Information Regarding the Status of the Interest Rate Swap and the Swap
Counterparty
1.Has the Interest Reserve Account been established?No
2.Has the Interest Reserve Account been funded?No
3.The aggregate amount of funds withdrawn from the
Interest Reserve Account, if any$0.00
------------------
4.How any funds withdrawn from the Interest Reserve
Account were utilized
N/A
5.Has the Interest Rate Swap been terminated?No
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servi Jack Fioravanti
cer
Name: Jack Fioravanti
Title: Senior Vice President
1999-G
CLASS A CUSI262TEQ2Exhibit 20.42
CLASS B CUSIP 55262TER0
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1999-H
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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
Collateral Minimum Monthly Interest$6.208333
------------------
5.The amount of distribution in respect of any
accrued and unpaid Collateral Minimum Monthly
Interest$0.000000
------------------
B.Information Regarding the current Monthly Accumulation into the Interest
Funding Account (Stated on the Basis of $1,000 Original Certificate
Principal Amount).
1.The amount of the current monthly
accumulation in respect of Class A
Monthly Interest$ 4.861111
------------------
2.The amount of the current monthly
accumulation in respect of Class A
Deficiency Amounts$ 0.000000
------------------
3.The amount of the current monthly
accumulation in respect of Class A
Additional Interest$ 0.000000
------------------
4.The amount of the current monthly
accumulation in respect of Class B
Monthly Interest$ 5.071111
------------------
5.The amount of the current monthly
accumulation in respect of Class B
Deficiency Amounts$ 0.000000
------------------
6.The amount of the current monthly
accumulation in respect of Class B
Additional Interest$ 0.000000
------------------
C. Information Regarding the Current Quarterly Interest Distribution
1.The total amount of distribution from
the Interest Funding Account$ 0.00
------------------
2.The amount of the current quarterly interest
distribution in respect of Class A$ 0.00
------------------
3.The amount of the current quarterly
interest distribution in respect of
Class A set forth in 2 above per $1,000
of original certificate principal
amount$ 0.000000
------------------
4.The amount of the current quarterly interest
distribution in respect of Class B$ 0.00
------------------
5.The amount of the current quarterly
interest distribution in respect of
Class B set forth in 4 above per $1,000
of original certificate principal amount$ 0.000000
------------------
D.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 $111,863,094.56
------------------
(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 $9,870,274.46
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $9,870,274.46
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1999-H as of the end of the day on
the last day of the related Monthly Period $1,000,000,000.00
------------------
(c)The amount of Principal Receivables in the
Trust represented by the Adjusted Investor
Interest of Series 1999-H as of the end of
the day on the last day of the related
Monthly Period $1,000,000,000.00
------------------
(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 $850,000,000.00
------------------
(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$850,000,000.00
------------------
(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 $75,000,000.00
------------------
(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 $75,000,000.00
------------------
(h)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Amount as of the end of the day on the last
day of the related Monthly period $75,000,000.00
------------------
(i)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Adjusted Amount as of the end of the day on
the last day of the related Monthly period$75,000,000.00
------------------
(j)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 2.00%
(k)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(l)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(m)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(n)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(q)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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $3,938,097.93
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $3,347,383.17
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $295,357.38
------------------
(d)The Collateral Default Amount for the
related Monthly Period $295,357.38
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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$885,416.67
------------------
(b)The amount of the Class B Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period $78,125.00
------------------
(c)The amount of the Collateral Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period$78,125.00
------------------
(d)The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $625,000.00
------------------
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 Amount as of the
close of business on this Distribution
Date $75,000,000.00
------------------
(d)The Collateral Interest Adjusted Amount
as of the close of business on the
Distribution Date$75,000,000.00
- ------------------
(e)The Class B Investor Interest as of the
close of business on this Distribution
Date $75,000,000.00
------------------
(f)The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $75,000,000.00
------------------
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.Interest Funding Account
(a)The aggregate amount on deposit in
the Interest Funding Account on
the related Transfer Date (after taking
into account deposits on such date
but prior to withdrawals)$4,512,277.77
------------------
(b)The aggregate amount deposited into
the Interest Funding Account with
respect to the Class A Certificates
on the related Transfer Date$4,131,944.44
------------------
(c)The aggregate amount deposited into
the Interest Funding Account with
respect to the Class B Certificates
on the related Transfer Date$380,333.33
------------------
(d)The Interest Funding Investment
Proceeds deposited in the Finance
Charge Account on the related
Transfer Date$ 0.00
------------------
10.Available Funds
(a)The amount of Class A Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $12,031,129.30
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $1,061,570.30
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $1,061,570.30
------------------
11.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 $12,562,379.30
------------------
(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 $1,108,445.30
------------------
(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 $1,108,445.30
------------------
12.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 4.47%
- --------
E.Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination -6.04000%
- -----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL
ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1999-H
CLASS A CUS262TES8Exhibit 20.43
CLASS B CUSIP55262TET6
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1999-I
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$5.333333
------------------
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$5.583333
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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 Minimum Monthly Interest$6.000000
------------------
11.The amount of distribution in respect of any
accrued and unpaid Collateral Minimum 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 $83,897,322.62
------------------
(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 $7,402,704.09
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $7,402,704.09
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1999-I 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 1999-I 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
Investor 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
Amount as of the end of the day on the last
day of the related Monthly period $56,250,000.00
------------------
(i)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Adjusted Amount as of the end of the day on
the last day of the related Monthly period$56,250,000.00
------------------
(j)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.50%
(k)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(l)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(m)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(n)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(q)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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $2,953,573.32
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $2,510,537.36
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $221,517.98
------------------
(d)The Collateral Default Amount for the
related Monthly Period $221,517.98
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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 Amount as of the
close of business on this Distribution
Date $56,250,000.00
------------------
(d)The Collateral Interest Adjusted Amount
as of the close of business on the
Distribution Date$56,250,000.00
- ------------------
(e)The Class B Investor Interest as of the
close of business on this Distribution
Date $56,250,000.00
------------------
(f)The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $56,250,000.00
------------------
8.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,
amounts, if any, withdrawn from the Swap Reserve
Fund and the Net Swap Receipt, if any,
allocated in respect of the Class A
Certificates $9,876,212.27
------------------
(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 $831,333.94
------------------
(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 $831,333.94
------------------
9. 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
------------------
10.Reserve Account
(a)The Reserve Draw Amount on the related
Transfer Date $ 0.00
------------------
(b)The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class A Available Funds $ 0.00
------------------
(c)The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class B Available Funds $ 0.00
------------------
(d)Interest Earnings on funds on deposit
in the Reserve Account deposited in the
Finance Charge Account on the related
Transfer Date $ 0.00
------------------
11.Swap Reserve Fund
(a) The Swap Reserve Draw Amount on the
related Transfer Date$ 0.00
------------------
(b) The amount of the Swap Reserve Draw
Amount deposited in the Finance Charge
Account on the related Transfer Date to be
treated as Class A Available Funds$ 0.00
------------------
12. Swap Cash Flows
(a) The amount of the Net Swap Receipt for the
related Transfer Date$454,427.71
------------------
(b) The amount of the Net Swap Payment for the
related Transfer Date$ 0.00
------------------
13.Available Funds
(a)The amount of Class A Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $9,477,774.77
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $796,177.69
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $796,177.69
------------------
14.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 4.70%
- --------
C. Information Regarding the Status of the Interest Rate Swap and the Swap
Counterparty
1.Has the Interest Reserve Account been established?No
2.Has the Interest Reserve Account been funded?No
3.The aggregate amount of funds withdrawn from the
Interest Reserve Account, if any$0.00
------------------
4.How any funds withdrawn from the Interest Reserve
Account were utilized
N/A
5.Has the Interest Rate Swap been terminated?No
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servi Jack Fioravanti
cer
Name: Jack Fioravanti
Title: Senior Vice President
1999-I
CLASS A CUS262TEU3Exhibit 20.44
CLASS B CUSIP55262TEV1
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1999-J
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$5.833333
------------------
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$6.166667
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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 Minimum Monthly Interest$6.541667
------------------
11.The amount of distribution in respect of any
accrued and unpaid Collateral Minimum 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 $111,863,094.56
------------------
(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 $9,870,274.46
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $9,870,274.46
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1999-J as of the end of the day on
the last day of the related Monthly Period $1,000,000,000.00
------------------
(c)The amount of Principal Receivables in the
Trust represented by the Adjusted Investor
Interest of Series 1999-J as of the end of
the day on the last day of the related
Monthly Period $1,000,000,000.00
------------------
(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 $850,000,000.00
------------------
(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$850,000,000.00
------------------
(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 $75,000,000.00
------------------
(g)The amount of Principal Receivables in the
Trust represented by the Class B Adjusted
Investor Interest as of the end of the
day on the last day of the related Monthly
Period$75,000,000.00
------------------
(h)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Amount as of the end of the day on the last
day of the related Monthly period $75,000,000.00
------------------
(i)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Adjusted Amount as of the end of the day on
the last day of the related Monthly period$75,000,000.00
------------------
(j)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 2.00%
(k)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(l)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(m)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(n)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(q)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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $3,938,097.93
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $3,347,383.17
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $295,357.38
------------------
(d)The Collateral Default Amount for the
related Monthly Period $295,357.38
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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$885,416.67
------------------
(b)The amount of the Class B Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period $78,125.00
------------------
(c)The amount of the Collateral Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period$78,125.00
------------------
(d)The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $625,000.00
------------------
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 Amount as of the
close of business on this Distribution
Date $75,000,000.00
------------------
(d)The Collateral Interest Adjusted Amount
as of the close of business on the
Distribution Date$75,000,000.00
- ------------------
(e)The Class B Investor Interest as of the
close of business on this Distribution
Date $75,000,000.00
------------------
(f)The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $75,000,000.00
------------------
8.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,
amounts, if any, withdrawn from the Swap Reserve
Fund and the Net Swap Receipt, if any,
allocated in respect of the Class A
Certificates $13,544,162.35
------------------
(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 $1,108,445.30
------------------
(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 $1,108,445.30
------------------
9. 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
------------------
10.Reserve Account
(a)The Reserve Draw Amount on the related
Transfer Date $ 0.00
------------------
(b)The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class A Available Funds $ 0.00
------------------
(c)The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class B Available Funds $ 0.00
------------------
(d)Interest Earnings on funds on deposit
in the Reserve Account deposited in the
Finance Charge Account on the related
Transfer Date $ 0.00
------------------
11.Swap Reserve Fund
(a) The Swap Reserve Draw Amount on the
related Transfer Date$ 0.00
------------------
(b) The amount of the Swap Reserve Draw
Amount deposited in the Finance Charge
Account on the related Transfer Date to be
treated as Class A Available Funds$ 0.00
------------------
12. Swap Cash Flows
(a) The amount of the Net Swap Receipt for the
related Transfer Date$981,783.05
------------------
(b) The amount of the Net Swap Payment for the
related Transfer Date$ 0.00
------------------
13.Available Funds
(a)The amount of Class A Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $13,012,912.35
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $1,061,570.30
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $1,061,570.30
------------------
14.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield 4.54%
- --------
C. Information Regarding the Status of the Interest Rate Swap and the Swap
Counterparty
1.Has the Interest Reserve Account been established?No
2.Has the Interest Reserve Account been funded?No
3.The aggregate amount of funds withdrawn from the
Interest Reserve Account, if any$0.00
------------------
4.How any funds withdrawn from the Interest Reserve
Account were utilized
N/A
5.Has the Interest Rate Swap been terminated?No
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servi Jack Fioravanti
cer
Name: Jack Fioravanti
Title: Senior Vice President
1999-J
CLASS A CUSI262TEW9Exhibit 20.45
CLASS B CUSIP 55262TEX7
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1999-L
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$4.690972
------------------
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$4.908750
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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 Minimum Monthly Interest$5.336528
------------------
11.The amount of distribution in respect of any
accrued and unpaid Collateral Minimum 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 $83,897,322.62
------------------
(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 $7,402,704.09
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $7,402,704.09
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1999-L 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 1999-L 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
Amount as of the end of the day on the last
day of the related Monthly period $56,250,000.00
------------------
(i)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Adjusted Amount as of the end of the day on
the last day of the related Monthly period$56,250,000.00
------------------
(j)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.50%
(k)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(l)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(m)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(n)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(q)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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $2,953,573.32
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $2,510,537.36
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $221,517.98
------------------
(d)The Collateral Default Amount for the
related Monthly Period $221,517.98
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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 Amount as of the
close of business on this Distribution
Date $56,250,000.00
------------------
(d)The Collateral Interest Adjusted Amount
as of the close of business on the
Distribution Date$56,250,000.00
- ------------------
(e)The Class B Investor Interest as of the
close of business on this Distribution
Date $56,250,000.00
------------------
(f)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 $9,023,347.06
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $796,177.69
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $796,177.69
------------------
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 $9,421,784.56
------------------
(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 $831,333.94
------------------
(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 $831,333.94
------------------
11.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield N/A
- --------
C.Floating Rate Determinations
LIBOR rates for the related Interest Period:
Class A and Class B determination -5.78125%
- -----------
MBNA AMERICA BANK,
NATIO Jack Fioravanti
NAL ASSOCIATION,
Servicer
Name: Jack Fioravanti
Title: Senior Vice President
1999-L
CLASS A CUS262TEY5Exhibit 20.46
CLASS B CUSIP55262TEZ2
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1999-M
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JANUARY 31, 2000
____________________________________________
The information which is required to be prepared with respect to the
Distribution Date of February 15, 2000, and with respect to the performance
of the trust during the month of January, 2000 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$5.500000
------------------
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$5.666667
------------------
8.The amount of distribution in respect of
Class B Deficiency Amount$ 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 Minimum Monthly Interest$6.208333
------------------
11.The amount of distribution in respect of any
accrued and unpaid Collateral Minimum 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 $55,931,550.51
------------------
(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 $4,935,133.93
------------------
(c)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period which were allocated
in respect of the Collateral Interest $4,935,133.93
------------------
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 $49,077,414,912.07
------------------
(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 1999-M as of the end of the day on
the last day of the related Monthly Period $500,000,000.00
------------------
(c)The amount of Principal Receivables in the
Trust represented by the Adjusted Investor
Interest of Series 1999-M as of the end of
the day on the last day of the related
Monthly Period $500,000,000.00
------------------
(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 $425,000,000.00
------------------
(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$425,000,000.00
------------------
(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 $37,500,000.00
------------------
(g)The amount of Principal Receivables in the
Trust represented by the Class B Adjusted
Investor Interest as of the end of the
day on the last day of the related Monthly
Period$37,500,000.00
------------------
(h)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Amount as of the end of the day on the last
day of the related Monthly period $37,500,000.00
------------------
(i)The amount of Principal Receivables in the
Trust represented by the Collateral Interest
Adjusted Amount as of the end of the day on
the last day of the related Monthly period$37,500,000.00
------------------
(j)The Floating Investor Percentage with
respect to the period:
January 1, 2000 through January 31, 2000 1.00%
(k)The Class A Floating Allocation with
respect to the related Monthly Period0.850
- ----------
(l)The Class B Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(m)The Collateral Floating Allocation with
respect to the related Monthly Period0.075
- ----------
(n)The Fixed Investor Percentage with
respect to the related Monthly PeriodN/A
- ----------
(o)The Class A Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(p)The Class B Fixed Allocation with
respect to the related Monthly PeriodN/A
- ----------
(q)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) 30 - 59 days:1.89%949,123,333.66
- ------------------------
(b) 60 - 89 days:0.97%486,550,049.00
- ------------------------
(c) 90 - 119 days:0.72%363,412,516.28
- ------------------------
(d)120 - 149 days:0.59%296,389,433.47
- ------------------------
(e)150 or more days:0.86%431,077,811.46
- ------------------------
Total5.03%2,526,553,143.87
- ------------------------
4.Investor Default Amount
(a)The Aggregate Investor Default Amount for
the related Monthly Period $1,969,048.83
------------------
(b)The Class A Investor Default Amount for
the related Monthly Period $1,673,691.65
------------------
(c)The Class B Investor Default Amount for
the related Monthly Period $147,678.59
------------------
(d)The Collateral Default Amount for the
related Monthly Period $147,678.59
------------------
5.Investor Charge Offs
(a)The aggregate amount of Class A Investor
Charge Offs for the related Monthly Period$ 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$442,708.33
------------------
(b)The amount of the Class B Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period $39,062.50
------------------
(c)The amount of the Collateral Servicing Fee
payable by the Trust to the Servicer for
the related Monthly Period$39,062.50
------------------
(d)The amount of Servicer Interchange payable
by the Trust to the Servicer for the
related Monthly Period $312,500.00
------------------
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 Amount as of the
close of business on this Distribution
Date $37,500,000.00
------------------
(d)The Collateral Interest Adjusted Amount
as of the close of business on the
Distribution Date$37,500,000.00
- ------------------
(e)The Class B Investor Interest as of the
close of business on this Distribution
Date $37,500,000.00
------------------
(f)The Class B Adjusted Investor Interest
as of the close of business on this
Distribution Date $37,500,000.00
------------------
8.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,
amounts, if any, withdrawn from the Swap Reserve
Fund and the Net Swap Receipt, if any,
allocated in respect of the Class A
Certificates $6,668,990.71
------------------
(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 $554,222.39
------------------
(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 $554,222.39
------------------
9. 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
------------------
10.Reserve Account
(a)The Reserve Draw Amount on the related
Transfer Date $ 0.00
------------------
(b)The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class A Available Funds $ 0.00
------------------
(c)The Reserve Draw Amount deposited
in the Finance Charge Account to be
treated as Class B Available Funds $ 0.00
------------------
(d)Interest Earnings on funds on deposit
in the Reserve Account deposited in the
Finance Charge Account on the related
Transfer Date $ 0.00
------------------
11.Swap Reserve Fund
(a) The Swap Reserve Draw Amount on the
related Transfer Date$ 0.00
------------------
(b) The amount of the Swap Reserve Draw
Amount deposited in the Finance Charge
Account on the related Transfer Date to be
treated as Class A Available Funds$ 0.00
------------------
12. Swap Cash Flows
(a) The amount of the Net Swap Receipt for the
related Transfer Date$387,800.69
------------------
(b) The amount of the Net Swap Payment for the
related Transfer Date$ 0.00
------------------
13.Available Funds
(a)The amount of Class A Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $6,403,365.71
------------------
(b)The amount of Class B Available Funds on
deposit in the Finance Charge Account on
the related Transfer Date $530,784.89
------------------
(c)The amount of Collateral Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date $530,784.89
------------------
14.Portfolio Yield
(a)The Portfolio Yield for the related
Monthly Period 13.01%
- --------
(b)The Portfolio Adjusted Yield N/A
- --------
C. Information Regarding the Status of the Interest Rate Swap and the Swap
Counterparty
1.Has the Interest Reserve Account been established?No
2.Has the Interest Reserve Account been funded?No
3.The aggregate amount of funds withdrawn from the
Interest Reserve Account, if any$0.00
------------------
4.How any funds withdrawn from the Interest Reserve
Account were utilized
N/A
5.Has the Interest Rate Swap been terminated?No
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servi Jack Fioravanti
cer
Name: Jack Fioravanti
Title: Senior Vice President
1999-M
Exhibit 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 11/15/01
Blended Coupon 6.0478%
Excess Protection Level
3 Month Average 5.21%
January, 2000 5.37%
December, 1999 4.47%
November, 1999 5.77%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.64%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $ 49,077,414,912.07
Investor Participation Amount $ 1,000,000,000.00
Seller Participation Amount $ 4,800,914,393.58
Exhibit 99.2
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-A
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 9/15/04
Blended Coupon 6.0980%
Excess Protection Level
3 Month Average 5.16%
January, 2000 5.32%
December, 1999 4.42%
November, 1999 5.72%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.69%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $575,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.3
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-B
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 06/15/00
Blended Coupon 5.9800%
Excess Protection Level
3 Month Average 5.28%
January, 2000 5.43%
December, 1999 4.56%
November, 1999 5.85%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.58%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $750,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.4
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-C
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 7/15/05
Blended Coupon 6.4418%
Excess Protection Level
3 Month Average 5.21%
January, 2000 5.37%
December, 1999 4.49%
November, 1999 5.77%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.64%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $575,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.5
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-D
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 7/17/00
Blended Coupon 6.0741%
Excess Protection Level
3 Month Average 5.35%
January, 2000 5.49%
December, 1999 4.64%
November, 1999 5.90%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.52%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $500,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.6
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-E
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 09/16/2002
Blended Coupon 6.0398%
Excess Protection Level
3 Month Average 5.21%
January, 2000 5.37%
December, 1999 4.48%
November, 1999 5.78%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.64%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $500,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.7
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-F
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 09/15/00
Blended Coupon 6.5879%
Excess Protection Level
3 Month Average 4.66%
January, 2000 4.44%
December, 1999 4.65%
November, 1999 4.87%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 8.57%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $500,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.8
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-I
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 11/15/00
Blended Coupon 5.9774%
Excess Protection Level
3 Month Average 5.28%
January, 2000 5.43%
December, 1999 4.55%
November, 1999 5.84%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.58%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $750,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.9
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-J
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 12/16/02
Blended Coupon 6.0470%
Excess Protection Level
3 Month Average 5.21%
January, 2000 5.37%
December, 1999 4.47%
November, 1999 5.77%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.64%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $500,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.10
MBNA MASTER CREDIT CARD TRUST II SERIES 1996-A
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 3/17/03
Blended Coupon 6.0192%
Excess Protection Level
3 Month Average 5.24%
January, 2000 5.39%
December, 1999 4.51%
November, 1999 5.80%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.62%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $700,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.11
MBNA MASTER CREDIT CARD TRUST II SERIES 1996-B
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 4/17/06
Blended Coupon 6.0849%
Excess Protection Level
3 Month Average 5.17%
January, 2000 5.33%
December, 1999 4.43%
November, 1999 5.73%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.68%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $500,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.12
MBNA MASTER CREDIT CARD TRUST II SERIES 1996-C
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 4/16/01
Blended Coupon 5.9603%
Excess Protection Level
3 Month Average 5.30%
January, 2000 5.45%
December, 1999 4.57%
November, 1999 5.86%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.56%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $500,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.13
MBNA MASTER CREDIT CARD TRUST II SERIES 1996-D
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 05/15/01
Blended Coupon 5.9642%
Excess Protection Level
3 Month Average 5.29%
January, 2000 5.44%
December, 1999 4.57%
November, 1999 5.86%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.57%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $1,000,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.14
MBNA MASTER CREDIT CARD TRUST II SERIES 1996-E
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 06/16/03
Blended Coupon 5.9921%
Excess Protection Level
3 Month Average 5.27%
January, 2000 5.42%
December, 1999 4.54%
November, 1999 5.83%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.59%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $750,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.15
MBNA MASTER CREDIT CARD TRUST II SERIES 1996-G
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 8/15/06
Blended Coupon 6.0148%
Excess Protection Level
3 Month Average 5.23%
January, 2000 5.35%
December, 1999 4.56%
November, 1999 5.78%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.66%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $500,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.16
MBNA MASTER CREDIT CARD TRUST II
SERIES 1996-H
KEY PERFORMANCE FACTORS
JANUARY, 2000
Expected B Maturity 09/17/01
Blended Coupon 6.1853%
Excess Protection Level
3 Month Average 5.21%
January, 2000 5.25%
December, 1999 5.11%
November, 1999 5.25%
Cash Yield 17.79%
Investor Charge Offs 4.73%
Base Rate 7.82%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $ 49,077,414,912.07
Investor Participation Amount $ 1,200,000,000.00
Seller Participation Amount $ 4,800,914,393.58
Exhibit 99.17
MBNA MASTER CREDIT CARD TRUST II SERIES 1996-J
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 10/15/03
Blended Coupon 5.9770%
Excess Protection Level
3 Month Average 5.27%
January, 2000 5.38%
December, 1999 4.61%
November, 1999 5.81%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.63%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $1,000,000,000.00
Seller Participation Amount $4,800,914,393.5
Exhibit 99.18
MBNA MASTER CREDIT CARD TRUST II SERIES 1996-K
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 11/17/03
Blended Coupon 5.9630%
Excess Protection Level
3 Month Average 5.29%
January, 2000 5.40%
December, 1999 4.62%
November, 1999 5.83%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.61%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $1,000,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.19
MBNA MASTER CREDIT CARD TRUST II
SERIES 1996-M
KEY PERFORMANCE FACTORS
JANUARY, 2000
Expected B Maturity 12/15/06
Blended Coupon 6.2344%
Excess Protection Level
3 Month Average 5.16%
January, 2000 5.20%
December, 1999 5.06%
November, 1999 5.20%
Cash Yield 17.79%
Investor Charge Offs 4.73%
Base Rate 7.87%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $ 49,077,414,912.07
Investor Participation Amount $ 500,000,000.00
Seller Participation Amount $ 4,800,914,393.58
Exhibit 99.20
MBNA MASTER CREDIT CARD TRUST II SERIES 1997-B
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 3/15/12
Blended Coupon 6.0148%
Excess Protection Level
3 Month Average 5.24%
January, 2000 5.40%
December, 1999 4.51%
November, 1999 5.81%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.61%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $1,000,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.21
MBNA MASTER CREDIT CARD TRUST II
SERIES 1997-C
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 3/15/04
Blended Coupon 5.9423%
Excess Protection Level
3 Month Average 5.31%
January, 2000 5.42%
December, 1999 4.65%
November, 1999 5.85%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.59%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $750,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.22
MBNA MASTER CREDIT CARD TRUST II
SERIES 1997-E
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 4/15/02
Blended Coupon 6.1448%
Excess Protection Level
3 Month Average 5.16%
January, 2000 5.23%
December, 1999 5.05%
November, 1999 5.20%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.78%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $750,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.23
MBNA MASTER CREDIT CARD TRUST II
SERIES 1997-F
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 6/17/02
Blended Coupon 6.5381%
Excess Protection Level
3 Month Average 5.35%
January, 2000 5.46%
December, 1999 4.71%
November, 1999 5.88%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.55%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $706,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.24
MBNA MASTER CREDIT CARD TRUST II
SERIES 1997-I
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 8/16/04
Blended Coupon 6.5067%
Excess Protection Level
3 Month Average 5.33%
January, 2000 5.43%
December, 1999 4.67%
November, 1999 5.87%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.58%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$750,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.25
MBNA MASTER CREDIT CARD TRUST II
SERIES 1997-J
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 9/15/04
Blended Coupon 5.9526%
Excess Protection Level
3 Month Average 5.30%
January, 2000 5.41%
December, 1999 4.63%
November, 1999 5.84%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.60%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $750,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.26
MBNA MASTER CREDIT CARD TRUST II
SERIES 1997-K
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 11/15/05
Blended Coupon 5.9582%
Excess Protection Level
3 Month Average 5.29%
January, 2000 5.40%
December, 1999 4.63%
November, 1999 5.83%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.61%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $750,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.27
MBNA MASTER CREDIT CARD TRUST II
SERIES 1997-M
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 10/15/02
Blended Coupon 6.1718%
Excess Protection Level
3 Month Average 5.13%
January, 2000 5.20%
December, 1999 5.02%
November, 1999 5.17%
Cash Yield 17.74%
Investor Charge Offs 4.73%
Base Rate 7.81%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $750,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.28
MBNA MASTER CREDIT CARD TRUST II
SERIES 1997-N
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 11/15/00
Blended Coupon 6.1546%
Excess Protection Level
3 Month Average 5.24%
January, 2000 5.28%
December, 1999 5.15%
November, 1999 5.28%
Cash Yield 17.79%
Investor Charge Offs 4.73%
Base Rate 7.79%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate 14.21%
Total Principal Balance $49,077,414,912.07
Investor Participation Amount $900,000,000.00
Seller Participation Amount $4,800,914,393.58
Exhibit 99.29
MBNA MASTER CREDIT CARD TRUST II
SERIES 1998-A
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 3/17/03
Blended Coupon 5.9355%
Excess Protection Level
3 Month Average 5.31%
January, 2000 5.42%
December, 1999 4.65%
November, 1999 5.86%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.59%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$750,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.30
MBNA MASTER CREDIT CARD TRUST II
SERIES 1998-C
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 6/16/03
Blended Coupon 5.9107%
Excess Protection Level
3 Month Average 5.37%
January, 2000 5.46%
December, 1999 4.75%
November, 1999 5.88%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.55%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$750,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.31
MBNA MASTER CREDIT CARD TRUST II
SERIES 1998-D
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 7/15/03
Blended Coupon 5.8549%
Excess Protection Level
3 Month Average 5.45%
January, 2000 5.54%
December, 1999 4.84%
November, 1999 5.96%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.47%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$559,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.32
MBNA MASTER CREDIT CARD TRUST II
SERIES 1998-E
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 4/15/2008
Blended Coupon 6.2300%
Excess Protection Level
3 Month Average 5.10%
January, 2000 5.16%
December, 1999 5.03%
November, 1999 5.11%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.85%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$882,400,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.33
MBNA MASTER CREDIT CARD TRUST II
SERIES 1998-F
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 9/15/05
Blended Coupon 6.2519%
Excess Protection Level
3 Month Average 5.35%
January, 2000 5.17%
December, 1999 5.08%
November, 1999 5.80%
Cash Yield17.77%
Investor Charge Offs 4.73%
Base Rate 7.87%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$500,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.34
MBNA MASTER CREDIT CARD TRUST II
SERIES 1998-G
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 9/15/06
Blended Coupon 5.9848%
Excess Protection Level
3 Month Average 5.26%
January, 2000 5.37%
December, 1999 4.60%
November, 1999 5.80%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.64%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$750,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.35
MBNA MASTER CREDIT CARD TRUST II
SERIES 1998-I
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 10/16/01
Blended Coupon 6.1043%
Excess Protection Level
3 Month Average 5.14%
January, 2000 5.26%
December, 1999 4.46%
November, 1999 5.69%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.75%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$750,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.36
MBNA MASTER CREDIT CARD TRUST II
SERIES 1998-J
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 9/15/03
Blended Coupon 5.3809%
Excess Protection Level
3 Month Average 6.12%
January, 2000 5.62%
December, 1999 6.66%
November, 1999 6.06%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.39%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$750,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.37
MBNA MASTER CREDIT CARD TRUST II
SERIES 1999-A
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 2/17/04
Blended Coupon 5.9932%
Excess Protection Level
3 Month Average 5.28%
January, 2000 5.38%
December, 1999 4.66%
November, 1999 5.80%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.63%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$500,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.38
MBNA MASTER CREDIT CARD TRUST II
SERIES 1999-B
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 3/16/2009
Blended Coupon 5.9788%
Excess Protection Level
3 Month Average 5.32%
January, 2000 5.37%
December, 1999 4.80%
November, 1999 5.79%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.64%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$750,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.39
MBNA MASTER CREDIT CARD TRUST II
SERIES 1999-D
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 6/15/2006
Blended Coupon 6.0843%
Excess Protection Level
3 Month Average 5.21%
January, 2000 5.26%
December, 1999 4.68%
November, 1999 5.68%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.75%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$500,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.40
MBNA MASTER CREDIT CARD TRUST II
SERIES 1999-E
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 6/17/2002
Blended Coupon 5.9640%
Excess Protection Level
3 Month Average 5.29%
January, 2000 5.44%
December, 1999 4.57%
November, 1999 5.86%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.57%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$1,000,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.41
MBNA MASTER CREDIT CARD TRUST II
SERIES 1999-G
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 07/15/2004
Blended Coupon 6.3861%
Excess Protection Level
3 Month Average 5.21%
January, 2000 5.32%
December, 1999 4.58%
November, 1999 5.73%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.69%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$750,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.42
MBNA MASTER CREDIT CARD TRUST II
SERIES 1999-H
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 4/15/2004
Blended Coupon 6.3602%
Excess Protection Level
3 Month Average 4.97%
January, 2000 5.04%
December, 1999 4.89%
November, 1999 4.98%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.97%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$1,000,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.43
MBNA MASTER CREDIT CARD TRUST II
SERIES 1999-I
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 08/15/2002
Blended Coupon 6.4825%
Excess Protection Level
3 Month Average 5.20%
January, 2000 5.25%
December, 1999 4.68%
November, 1999 5.67%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.76%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$750,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.44
MBNA MASTER CREDIT CARD TRUST II
SERIES 1999-J
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 09/15/2009
Blended Coupon 7.0937%
Excess Protection Level
3 Month Average 5.04%
January, 2000 5.09%
December, 1999 4.51%
November, 1999 5.51%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.92%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$1,000,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.45
MBNA MASTER CREDIT CARD TRUST II
SERIES 1999-L
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 10/16/2006
Blended Coupon 6.1145%
Excess Protection Level
3 Month Average 4.33%
January, 2000 5.30%
December, 1999 4.40%
November, 1999 3.31%
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.71%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$750,000,000.00
Seller Participation Amount$4,800,914,393.58
Exhibit 99.46
MBNA MASTER CREDIT CARD TRUST II
SERIES 1999-M
KEY PERFORMANCE FACTORS
January 31, 2000
Expected B Maturity 11/15/2004
Blended Coupon 6.6788%
Excess Protection Level
3 Month Average 3.64%
January, 2000 5.26%
December, 1999 2.02%
November, 1999 N/A
Cash Yield17.74%
Investor Charge Offs 4.73%
Base Rate 7.75%
Over 30 Day Delinquency 5.03%
Seller's Interest 9.78%
Total Payment Rate14.21%
Total Principal Balance$49,077,414,912.07
Investor Participation Amount$500,000,000.00
Seller Participation Amount$4,800,914,393.58
