Exhibit 99.51
MBNA MASTER CREDIT CARD TRUST II
SERIES 2000-K
KEY PERFORMANCE FACTORS
December 31, 2000
Expected B Maturity 10/17/2005
Blended Coupon 6.9262%
Excess Protection Level
3 Month Average 0.00%
December, 2000 0.00%
November, 2000 N/A
October, 2000 N/A
Cash Yield19.25%
Investor Charge Offs 8.18%
Base Rate11.70%
Over 30 Day Delinquency 4.72%
Seller's Interest10.47%
Total Payment Rate13.35%
Total Principal Balance$57,190,978,436.47
Investor Participation Amount$750,000,000.00
Seller Participation Amount$5,990,287,874.98
For purposes of calculating the Base Rate and Excess Protection Level, a Coupon
of 9.70% (40/360) was used. The Base Rate was calculated using a 40 day
monthly period, 11/21/00 to 12/31/00.
