==============================================================================
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: October 14, 1997
MBNA AMERICA BANK, NATIONAL ASSOCIATION
ON BEHALF OF THE
MBNA MASTER CREDIT CARD TRUST
(Exact name of registrant as specified in its charter)
33-47934, 33-49850,
33-54462, 33-57988, 33-64244,
United States 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 5. OTHER EVENTS
The following are filed as Exhibits to this Report under Exhibit 20:
20.1. Series 1992-1 (File No. 33-47934) Certificateholders'Statement for
the month ended September 30, 1997.
20.2. Series 1992-2 (File No. 33-49850) Certificateholders'Statement for
the month ended September 30, 1997.
20.3. Series 1992-3 (File No. 33-54462) Certificateholders'Statement for
the month ended September 30, 1997.
20.4. Series 1993-1 (File No. 33-57988) Certificateholders'Statement for
the month ended September 30, 1997.
20.5. Series 1993-3 (File No. 33-64244) Certificateholders'Statement for
the month ended September 30, 1997.
20.6. Series 1993-4 (File No. 33-64244) Certificateholders'Statement for
the month ended September 30, 1997.
20.7. Series 1994-1 (File No. 33-64244) Certificateholders'Statement for
the month ended September 30, 1997.
20.8. Series 1994-2 (File No. 33-64244) Certificateholders'Statement for
the month ended September 30, 1997.
<PAGE>
ITEM 5. OTHER EVENTS
The following are filed as Exhibits to this Report under Exhibit 99:
99.1. Series 1992-1 (File No. 33-47934) Key Performance Factors for the
month ended September 30, 1997.
99.2. Series 1992-2 (File No. 33-49850) Key Performance Factors for the
month ended September 30, 1997.
99.3. Series 1992-3 (File No. 33-54462) Key Performance Factors for the
month ended September 30, 1997.
99.4. Series 1993-1 (File No. 33-57988) Key Performance Factors for the
month ended September 30, 1997.
99.5. Series 1993-3 (File No. 33-64244) Key Performance Factors for the
month ended September 30, 1997.
99.6. Series 1993-4 (File No. 33-64244) Key Performance Factors for the
month ended September 30, 1997.
99.7. Series 1994-1 (File No. 33-64244) Key Performance Factors for the
month ended September 30, 1997.
99.8. Series 1994-2 (File No. 33-64244) Key Performance Factors for the
month ended September 30, 1997.
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: October 14, 1997
MBNA AMERICA BANK, NATIONAL ASSOCIATION
By: Marguerite M. Boylan
----------------------------------
Name: Marguerite M. Boylan
Title: First Vice President
CUSIP 55262N AB2 Exhibit 20.1
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
MBNA AMERICA BANK, N.A.
- -------------------------------------------
MBNA MASTER CREDIT CARD TRUST SERIES 1992-1
- -------------------------------------------
Under Section 5.02 of the Pooling and Servicing
Agreement dated as of September 25, 1991 and the Series 1992-1
Supplement dated May 29, 1992 (collectively, the "Pooling
and Servicing Agreement") by and between MBNA AMERICA BANK, N.A.
("MBNA") and Bankers Trust Company, as trustee (the "Trustee")
MBNA, as Servicer is required to prepare certain information
each month regarding current distributions to Series 1992-1
Certificateholders and the performance of the MBNA Master
Credit Card Trust (the "Trust") during the previous month.
The information which is required to be prepared with
respect to the Distribution Date of October 15, 1997 and with
respect to the performance of the Trust during the
month of September, 1997 is set forth below.
Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1992-1
Certificate (a "Certificate"). Certain other information
is presented based on the aggregate amounts for the Trust
as a whole. 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 total amount of the distribution
to Certificateholders on the Distribution
Date, per $1,000 original
certificate principal amount $84.843750
-------------------
2. The amount of the distribution set
forth in paragraph 1 above in
respect of interest on the Certifi-
cates, per $1,000 original
certificate principal amount $1.510417
-------------------
3. The amount of the distribution set
forth in paragraph 1 above in
respect of principal of the Cer-
tificates, per $1,000 original
certificate principal amount $83.333333
-------------------
B. Information Regarding the Performance of the Trust.
1. Collection of Principal Receivables.
The aggregate amount of Collections
on Principal Receivables processed
during the preceding Monthly Period
which were allocated in respect
of the Certificates $46,265,804.67
-------------------
2. Deficit Controlled Amortization
Amount for the related Monthly Period $ 0.00
-------------------
3. Principal Receivables in the Trust
(a) The aggregate amount of Prin-
cipal Receivables in the
Trust as of the end of the last day
of the preceding Monthly Period
(which reflects the Principal
Receivables represented by the
Seller Interest and by the
Aggregate Investor Interest) $6,028,225,548.46
-------------------
(b) The amount of Principal Re-
ceivables in the Trust represented
by the Investor Interest of Series
1992-1 as of the last day of the
preceding Monthly Period $124,999,999.97
-------------------
(c) The Investor Interest of Series
1992-1 set forth in paragraph
3(b) above as a percentage of
the aggregate amount of Prin-
cipal Receivables set forth
in paragraph 3(a) above 2.07%
-------------------
4. Delinquent Balances.
The aggregate amount of outstand-
ing balances in the Accounts which
were delinquent as of the end of
the last day of the preceding
Monthly Period:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 35 - 64 days: 2.20% $135,174,413.82
------ --------------
(b) 65 - 94 days: 0.98% $60,111,676.29
------ --------------
(c) 95 - 124 days: 0.66% $40,551,032.85
------ --------------
(d) 125 - 154 days: 0.55% $33,941,845.31
------ --------------
(e) 155 or more days: 0.81% $49,942,767.15
------ --------------
Total 5.20% $319,721,735.42
------ --------------
5. Investor Default Amount.
The aggregate amount of all de-
faulted Principal Receivables
written off as uncollectable dur-
ing the preceding Monthly Period
allocable to the Investor
Interest of Series 1992-1 (the "Aggre-
gate Investor Default Amount") $666,103.32
-------------------
6. Investor Charge Offs
(a) The excess of the Aggregate Inves-
tor Default Amount set forth in
paragraph 5 above, over the
amount of the withdrawals from
the Cash Collateral Account made
to reimburse the Trust for such
amount written off (an "In-
vestor Charge Off") $ 0.00
-------------------
(b) The amount of the Investor
Charge Offs set forth in para-
graph 6(a) above, per $1,000
original certificate princi-
pal amount (which will have
the effect of reducing, pro
rata, the amount of each
Certificateholder's invest-
ment) $ 0.00
-------------------
(c) The aggregate amount of
Investor Charge Offs reimbursed
on the Transfer Date immediately
preceding such Distribution
Date $ 0.00
-------------------
(d) The amount of the reimbursed
Investor Charge Offs set forth
in paragraph 6(c) above, per
$1,000 original certificate
principal amount $ 0.00
-------------------
7. Investor Servicing Fee.
The amount of the Investor Monthly
Servicing Fee payable by the Trust
to the Servicer for the preceding
Monthly Period $208,333.33
-------------------
8. Available Cash Collateral Amount.
The amount available to be withdrawn
from the Cash Collateral Account as of
the close of business on October 14, 1997
(the "Transfer Date"), after giving effect
to all withdrawals, deposits and payments
to be made in respect of the preceding
month $15,000,000.00
-------------------
9. The Required Cash Collateral Amount on
the Transfer Date $15,000,000.00
-------------------
10. Deficit Controlled Amortization
Amount. With respect to the next
succeeding Monthly Period, the amount,
if any, by which the Controlled
Distribution Amount exceeds
the amount distributed to the
Certificateholders pursuant to
Section 4.08(b). $ 0.00
-------------------
C. The Pool Factor.
The Pool Factor for the preceding
Record Date (which represents the
ratio of the amount of the Inves-
tor Interest for Series 1992-1 as
of such Record Date (adjusted after
taking into account any reduction
in the Investor Interest which will
occur on the following Distribution
Date) to the Initial Investor Inter-
est for Series 1992-1). The amount of
a Certificateholder's pro rata share
of the Investor Interest for Series
1992-1 can be determined by
multiplying the original denomination
of the Certificateholder's
Certificate by the Pool Factor 0.166667
-------------------
MBNA AMERICA BANK, N.A.
Servicer
By: Marguerite M. Boylan
Name: Marguerite M. Boylan
Title: First Vice President
0
CUSIP 55262N AC0 Exhibit 20.2
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
MBNA AMERICA BANK, N.A.
- -------------------------------------------
MBNA MASTER CREDIT CARD TRUST SERIES 1992-2
- -------------------------------------------
Under Section 5.02 of the Pooling and Servicing
Agreement dated as of September 25, 1991 and the Series 1992-2
Supplement dated August 6, 1992 (collectively, the "Pooling
and Servicing Agreement") by and between MBNA AMERICA BANK, N.A.
("MBNA") and Bankers Trust Company, as trustee (the "Trustee")
MBNA, as Servicer is required to prepare certain information
each month regarding current distributions to Series 1992-2
Certificateholders and the performance of the MBNA Master
Credit Card Trust (the "Trust") during the previous month.
The information which is required to be prepared with
respect to the Distribution Date of October 15, 1997 and with
respect to the performance of the Trust during the
month of September, 1997 is set forth below.
Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1992-2
Certificate (a "Certificate"). Certain other information
is presented based on the aggregate amounts for the Trust
as a whole. 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 total amount of the distribution
to Certificateholders on the Distribution
Date, per $1,000 original
certificate principal amount $85.486111
-------------------
2. The amount of the distribution set
forth in paragraph 1 above in
respect of interest on the Certifi-
cates, per $1,000 original
certificate principal amount $2.152778
-------------------
3. The amount of the distribution set
forth in paragraph 1 above in
respect of principal of the Cer-
tificates, per $1,000 original
certificate principal amount $83.333333
-------------------
B. Information Regarding the Performance of the Trust.
1. Collection of Principal Receivables.
The aggregate amount of Collections
on Principal Receivables processed
during the preceding Monthly Period
which were allocated in respect
of the Certificates $46,251,196.06
-------------------
2. Deficit Controlled Amortization
Amount for the related Monthly Period $ 0.00
-------------------
3. Principal Receivables in the Trust
(a) The aggregate amount of Prin-
cipal Receivables in the
Trust as of the end of the last day
of the preceding Monthly Period
(which reflects the Principal
Receivables represented by the
Seller Interest and by the
Aggregate Investor Interest) $6,028,225,548.46
-------------------
(b) The amount of Principal Re-
ceivables in the Trust represented
by the Investor Interest of Series
1992-2 as of the last day of the
preceding Monthly Period $208,333,333.31
-------------------
(c) The Investor Interest of Series
1992-2 set forth in paragraph
3(b) above as a percentage of
the aggregate amount of Prin-
cipal Receivables set forth
in paragraph 3(a) above 3.46%
-------------------
4. Delinquent Balances.
The aggregate amount of outstand-
ing balances in the Accounts which
were delinquent as of the end of
the last day of the preceding
Monthly Period:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 35 - 64 days: 2.20% $135,174,413.82
------ --------------
(b) 65 - 94 days: 0.98% $60,111,676.29
------ --------------
(c) 95 - 124 days: 0.66% $40,551,032.85
------ --------------
(d) 125 - 154 days: 0.55% $33,941,845.31
------ --------------
(e) 155 or more days: 0.81% $49,942,767.15
------ --------------
Total 5.20% $319,721,735.42
------ -------------
5. Investor Default Amount.
The aggregate amount of all de-
faulted Principal Receivables
written off as uncollectable dur-
ing the preceding Monthly Period
allocable to the Investor
Interest of Series 1992-2 (the "Aggre-
gate Investor Default Amount") $999,154.97
-------------------
6. Investor Charge Offs
(a) The excess of the Aggregate Inves-
tor Default Amount set forth in
paragraph 5 above, over the
amount of the withdrawals from
the Cash Collateral Account made
to reimburse the Trust for such
amount written off (an "In-
vestor Charge Off") $ 0.00
-------------------
(b) The amount of the Investor
Charge Offs set forth in para-
graph 6(a) above, per $1,000
original certificate princi-
pal amount (which will have
the effect of reducing, pro
rata, the amount of each
Certificateholder's invest-
ment) $ 0.00
-------------------
(c) The aggregate amount of
Investor Charge Offs reimbursed
on the Transfer Date immediately
preceding such Distribution
Date $ 0.00
-------------------
(d) The amount of the reimbursed
Investor Charge Offs set forth
in paragraph 6(c) above, per
$1,000 original certificate
principal amount $ 0.00
-------------------
7. Investor Servicing Fee.
The amount of the Investor Monthly
Servicing Fee payable by the Trust
to the Servicer for the preceding
Monthly Period $347,222.22
-------------------
8. The Portfolio Yield for the preceding
Monthly Period. 16.11%
-------------------
9. Available Cash Collateral Amount.
The amount available to be withdrawn
from the Cash Collateral Account as of
the close of business on October 14, 1997
(the "Transfer Date"), after giving effect
to all withdrawals, deposits and payments
to be made in respect of the preceding
month $20,833,333.33
-------------------
10. The Required Cash Collateral Amount on
the Transfer Date $20,833,333.33
-------------------
11. Deficit Controlled Amortization
Amount. With respect to the next
succeeding Monthly Period, the amount,
if any, by which the Controlled
Distribution Amount exceeds
the amount distributed to the
Certificateholders pursuant to
Section 4.08(b). $ 0.00
-------------------
12. Collection of Finance Charge Receivables
The aggregate amount of Collections on
Finance Charge Receivables and Annual
Membership Fees processed during the
preceding Monthly Period which were
allocated in respect of the Certificates $3,795,489.53
-------------------
C. The Pool Factor.
The Pool Factor for the preceding
Record Date (which represents the
ratio of the amount of the Inves-
tor Interest for Series 1992-2 as
of such Record Date (adjusted after
taking into account any reduction
in the Investor Interest which will
occur on the following Distribution
Date) to the Initial Investor Inter-
est for Series 1992-2). The amount of
a Certificateholder's pro rata share
of the Investor Interest for Series
1992-2 can be determined by
multiplying the original denomination
of the Certificateholder's
Certificate by the Pool Factor 0.333333
-------------------
MBNA AMERICA BANK, N.A.
Servicer
By: Marguerite M. Boylan
Name: Marguerite M. Boylan
Title: First Vice President
0
CUSIP 55262N AD8 Exhibit 20.3
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
MBNA AMERICA BANK, N.A.
- -------------------------------------------
MBNA MASTER CREDIT CARD TRUST SERIES 1992-3
- -------------------------------------------
Under Section 5.02 of the Pooling and Servicing
Agreement dated as of September 25, 1991 and the Series 1992-3
Supplement dated November 24, 1992 (collectively, the "Pooling
and Servicing Agreement") by and between MBNA AMERICA BANK, N.A.
("MBNA") and Bankers Trust Company, as trustee (the "Trustee")
MBNA, as Servicer is required to prepare certain information
each month regarding current distributions to Series 1992-3
Certificateholders and the performance of the MBNA Master
Credit Card Trust (the "Trust") during the previous month.
The information which is required to be prepared with
respect to the Distribution Date of October 15, 1997 and
with respect to the performance of the Trust during the
month of September, 1997 is set forth below.
Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1992-3
Certificate (a "Certificate"). Certain other information
is presented based on the aggregate amounts for the Trust
as a whole. 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 total amount of the distribution
to Certificateholders on the Distribution
Date, per $1,000 original
certificate principal amount $87.106771
-------------------
2. The amount of the distribution set
forth in paragraph 1 above in
respect of interest on the Certifi-
cates, per $1,000 original
certificate principal amount $3.773438
-------------------
3. The amount of the distribution set
forth in paragraph 1 above in
respect of principal of the Cer-
tificates, per $1,000 original
certificate principal amount $83.333333
-------------------
B. Information Regarding the Performance of the Trust.
1. Collection of Principal Receivables.
The aggregate amount of Collections
on Principal Receivables processed
during the preceding Monthly Period
which were allocated in respect
of the Certificates $46,221,979.02
-------------------
2. Deficit Controlled Amortization
Amount (for the related Monthly Period) $ 0.00
-------------------
3. Principal Receivables in the Trust
(a) The aggregate amount of Prin-
cipal Receivables in the
Trust as of the end of the last day
of the preceding Monthly Period
(which reflects the Principal
Receivables represented by the
Seller Interest and by the
Aggregate Investor Interest) $6,028,225,548.46
-------------------
(b) The amount of Principal Re-
ceivables in the Trust represented
by the Investor Interest of Series
1992-3 as of the last day of the
preceding Monthly Period (the
last day of the month) $374,999,999.99
-------------------
(c) The Investor Interest of Series
1992-3 set forth in paragraph
3(b) above as a percentage of
the aggregate amount of Prin-
cipal Receivables set forth
in paragraph 3(a) above 6.22%
-------------------
4. Delinquent Balances.
The aggregate amount of outstand-
ing balances in the Accounts which
were delinquent as of the end of
the last day of the preceding
Monthly Period:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 35 - 64 days: 2.20% $135,174,413.82
------ --------------
(b) 65 - 94 days: 0.98% $60,111,676.29
------ --------------
(c) 95 - 124 days: 0.66% $40,551,032.85
------ --------------
(d) 125 - 154 days: 0.55% $33,941,845.31
------ --------------
(e) 155 or more days: 0.81% $49,942,767.15
------ --------------
Total 5.20% $319,721,735.42
------ -------------
5. Investor Default Amount.
The aggregate amount of all de-
faulted Principal Receivables
written off as uncollectable dur-
ing the preceding Monthly Period
allocable to the Investor
Interest of Series 1992-3 (the "Aggre-
gate Investor Default Amount") $1,665,258.35
-------------------
6. Investor Charge Offs
(a) The excess of the Aggregate Inves-
tor Default Amount set forth in
paragraph 5 above, over the
amount of the withdrawals from
the Cash Collateral Account made
to reimburse the Trust for such
amount written off (an "In-
vestor Charge Off") $ 0.00
-------------------
(b) The amount of the Investor
Charge Offs set forth in para-
graph 6(a) above, per $1,000
original certificate princi-
pal amount (which will have
the effect of reducing, pro
rata, the amount of each
Certificateholder's invest-
ment) $ 0.00
-------------------
(c) The aggregate amount of
Investor Charge Offs reimbursed
on the Transfer Date immediately
preceding such Distribution
Date $ 0.00
-------------------
(d) The amount of the reimbursed
Investor Charge Offs set forth
in paragraph 6(c) above, per
$1,000 original certificate
principal amount $ 0.00
-------------------
7. Investor Servicing Fee.
The amount of the Investor Monthly
Servicing Fee payable by the Trust
to the Servicer for the preceding
Monthly Period $625,000.00
-------------------
8. The Portfolio Yield for the preceding
Monthly Period. 14.92%
- ------------
9. Available Cash Collateral Amount.
The amount available to be withdrawn
from the Cash Collateral Account as of
the close of business on October 14, 1997
(the "Transfer Date"), after giving effect
to all withdrawals, deposits and payments
to be made in respect of the preceding
month $45,000,000.00
-------------------
10. The Required Cash Collateral Amount on
the Transfer Date $45,000,000.00
-------------------
11. Deficit Controlled Amortization
Amount. With respect to the next
succeeding Monthly Period, the amount,
if any, by which the Controlled
Distribution Amount exceeds
the amount distributed to the
Certificateholders pursuant to
Section 4.08(b). $ 0.00
-------------------
12. Collection of Finance Charge Receivables
The aggregate amount of Collections on
Finance Charge Receivables and Annual
Membership Fees processed during the
preceding Monthly Period which were
allocated in respect of the Certificates $6,329,155.80
-------------------
C. The Pool Factor.
The Pool Factor for the preceding Record
Date (which represents the ratio of the
amount of the Investor Interest for Series
1992-3 as of such Record Date (adjusted
after taking into account any reduction
in the Investor Interest which will occur
on the following Distribution Date) to the
Initial Investor Interest for Series
1992-3). The amount of a Certificateholder's
pro rata share of the Investor Interest for
Series 1992-3 can be determined by
multiplying the original denomination
of the Certificateholder's
Certificate by the Pool Factor 0.666667
----------
D. LIBOR
LIBOR for the Interest Period stated below:
September 15, 1997 through October 14, 19975.6875%
- -----------
MBNA AMERICA BANK, N.A.
Servicer
By: Marguerite M. Boylan
Name: Marguerite M. Boylan
Title: First Vice President
0
CUSIP 55262N AE6 Exhibit 20.4
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
MBNA AMERICA BANK, N.A.
- -------------------------------------------
MBNA MASTER CREDIT CARD TRUST SERIES 1993-1
- -------------------------------------------
Under Section 5.02 of the Pooling and Servicing
Agreement dated as of September 25, 1991 and the Series 1993-1
Supplement dated February 25, 1993 (collectively, the "Pooling
and Servicing Agreement") by and between MBNA AMERICA BANK, N.A.
("MBNA") and Bankers Trust Company, as trustee (the "Trustee")
MBNA, as Servicer is required to prepare certain information
each month regarding current distributions to Series 1993-1
Certificateholders and the performance of the MBNA Master
Credit Card Trust (the "Trust") during the previous month.
The information which is required to be prepared with
respect to the Distribution Date of October 15, 1997 and with
respect to the performance of the Trust during the
month of September, 1997 is set forth below.
Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1993-1
Certificate (a "Certificate"). Certain other information
is presented based on the aggregate amounts for the Trust
as a whole. 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 total amount of the distribution
to Certificateholders on the Distribution
Date, per $1,000 original
certificate principal amount $88.322916
-------------------
2. The amount of the distribution set
forth in paragraph 1 above in
respect of interest on the Certifi-
cates, per $1,000 original
certificate principal amount $4.989583
-------------------
3. The amount of the distribution set
forth in paragraph 1 above in
respect of principal of the Cer-
tificates, per $1,000 original
certificate principal amount $83.333333
-------------------
B. Information Regarding the Performance of the Trust.
1. Collection of Principal Receivables.
The aggregate amount of Collections
on Principal Receivables processed
during the preceding Monthly Period
which were allocated in respect
of the Certificates $69,311,055.45
-------------------
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 preceding
Monthly Period, the last day of the month
(which reflects the Principal Receivables
represented by the Seller Interest and by
the Aggregate Investor Interest) $6,028,225,548.46
-------------------
(b) The amount of Principal Re-
ceivables in the Trust represented
by the Investor Interest of Series
1993-1 as of the last day of the
preceding Monthly Period (the
last day of the month) $750,000,000.00
-------------------
(c) The Investor Interest of Series
1993-1 set forth in paragraph
2(b) above as a percentage of
the aggregate amount of Prin-
cipal Receivables set forth
in paragraph 2(a) above 12.44%
-------------------
3. Delinquent Balances.
The aggregate amount of outstand-
ing balances in the Accounts which
were delinquent as of the end of
the last day of the preceding
Monthly Period:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 35 - 64 days: 2.20% $135,174,413.82
------ --------------
(b) 65 - 94 days: 0.98% $60,111,676.29
------ --------------
(c) 95 - 124 days: 0.66% $40,551,032.85
------ --------------
(d) 125 - 154 days: 0.55% $33,941,845.31
------ --------------
(e) 155 or more days: 0.81% $49,942,767.15
------ --------------
Total 5.20% $319,721,735.42
------ -------------
4. Investor Default Amount.
The aggregate amount of all de-
faulted Principal Receivables
written off as uncollectable dur-
ing the preceding Monthly Period
allocable to the Investor
Interest of Series 1993-1 (the "Aggre-
gate Investor Default Amount") $2,997,465.00
-------------------
5. Investor Charge Offs
(a) The excess of the Aggregate Inves-
tor Default Amount set forth in
paragraph 4 above, over the
amount of the withdrawals from
the Cash Collateral Account made
to reimburse the Trust for such
amount written off (an "In-
vestor Charge Off") $ 0.00
-------------------
(b) The amount of the Investor
Charge Offs set forth in para-
graph 5(a) above, per $1,000
original certificate princi-
pal amount (which will have
the effect of reducing, pro
rata, the amount of each
Certificateholder's invest-
ment) $ 0.00
-------------------
(c) The aggregate amount of
Investor Charge Offs reimbursed
on the Transfer Date immediately
preceding such Distribution
Date $ 0.00
-------------------
(d) The amount of the reimbursed
Investor Charge Offs set forth
in paragraph 5(c) above, per
$1,000 original certificate
principal amount $ 0.00
-------------------
6. Investor Servicing Fee.
The amount of the Investor Monthly
Servicing Fee payable by the Trust
to the Servicer for the preceding
Monthly Period $1,250,000.00
-------------------
7. Available Cash Collateral Amount.
The amount available to be withdrawn
from the Cash Collateral Account as of
the close of business on October 14, 1997
(the "Transfer Date"), after giving effect
to all withdrawals, deposits and payments
to be made in respect of the preceding
month $90,000,000.00
------------------
8. The Required Cash Collateral Amount on
the Transfer Date $90,000,000.00
-------------------
9. Deficit Controlled Amortization
Amount. With respect to the next
succeeding Monthly Period, the amount,
if any, by which the Controlled
Distribution Amount exceeds
the amount distributed to the
Certificateholders pursuant to
Section 4.08(b). $ 0.00
-------------------
10. Collection of Finance Charge Receivables
The aggregate amount of Collections on
Finance Charge Receivables and Annual
Membership Fees processed during the
preceding Monthly Period which were
allocated in respect of the Certificates $11,401,498.39
-------------------
11. Portfolio Yield
The Portfolio Yield for the preceding
Monthly Period 13.45%
-------
C. The Pool Factor.
The Pool Factor for the preceding Record
Date (which represents the ratio of the
amount of the Investor Interest for Series
1993-1 as of such Record Date (adjusted
after taking into account any reduction in
the Investor Interest which will occur
on the following Distribution Date) to the
Initial Investor Interest for Series 1993-1).
The amount of a Certificateholder's pro rata
share of the Investor Interest for Series
1993-1 can be determined by multiplying the
original denomination of the Certificateholder's
Certificate by the Pool Factor 0.91667
-------------------
D. LIBOR
LIBOR for the Interest Period stated below:
September 15, 1997 through October 14, 1997 5.6875%
- -----------
MBNA AMERICA BANK, N.A.
Servicer
By: Marguerite M. Boylan
Name: Marguerite M. Boylan
Title: First Vice President
0
CUSIP 55262N AG1 Exhibit 20.5
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
MBNA AMERICA BANK, N.A.
- -------------------------------------------
MBNA MASTER CREDIT CARD TRUST SERIES 1993-3
- -------------------------------------------
Under Section 5.02 of the Pooling and Servicing
Agreement dated as of September 25, 1991 and the Series 1993-3
Supplement dated August 24, 1993 (collectively, the "Pooling
and Servicing Agreement") by and between MBNA AMERICA BANK, N.A.
("MBNA") and Bankers Trust Company, as trustee (the "Trustee")
MBNA, as Servicer is required to prepare certain information
each month regarding current distributions to Series 1993-3
Certificateholders and the performance of the MBNA Master
Credit Card Trust (the "Trust") during the previous month.
The information which is required to be prepared with
respect to the Distribution Date of October 15, 1997 and with
respect to the performance of the Trust during the
month of September, 1997 is set forth below.
Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1993-3
Certificate (a "Certificate"). Certain other information
is presented based on the aggregate amounts for the Trust
as a whole. 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 total amount of the distribution
to Certificateholders on the Distribution
Date, per $1,000 original
certificate principal amount $ 4.500000
-------------------
2. The amount of the distribution set
forth in paragraph 1 above in
respect of interest on the Certifi-
cates, per $1,000 original
certificate principal amount $ 4.500000
-------------------
3. The amount of the distribution set
forth in paragraph 1 above in
respect of principal of the Cer-
tificates, per $1,000 original
certificate principal amount $ 0.000000
-------------------
B. Information Regarding the Performance of the Trust.
1. Collection of Principal Receivables.
The aggregate amount of Collections
on Principal Receivables processed
during the preceding Monthly Period
which were allocated in respect
of the Certificates $69,311,055.45
-------------------
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 preceding
Monthly Period, the last day of the month
(which reflects the Principal Receivables
represented by the Seller Interest and by
the Aggregate Investor Interest) $6,028,225,548.46
-------------------
(b) The amount of Principal Re-
ceivables in the Trust represented
by the Investor Interest of Series
1993-3 as of the last day of the
preceding Monthly Period (the
last day of the month) $750,000,000.00
-------------------
(c) The Investor Interest of Series
1993-3 set forth in paragraph
2(b) above as a percentage of
the aggregate amount of Prin-
cipal Receivables set forth
in paragraph 2(a) above 12.44%
-------------------
3. Delinquent Balances.
The aggregate amount of outstand-
ing balances in the Accounts which
were delinquent as of the end of the
day on the last day of the preceding
Monthly Period:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 35 - 64 days: 2.20% $135,174,413.82
------ --------------
(b) 65 - 94 days: 0.98% $60,111,676.29
------ --------------
(c) 95 - 124 days: 0.66% $40,551,032.85
------ --------------
(d) 125 - 154 days: 0.55% $33,941,845.31
------ --------------
(e) 155 or more days: 0.81% $49,942,767.15
------ --------------
Total 5.20% $319,721,735.42
------ --------------
4. Investor Default Amount.
The aggregate amount of all de-
faulted Principal Receivables
written off as uncollectable dur-
ing the preceding Monthly Period
allocable to the Investor
Interest of Series 1993-3 (the "Aggre-
gate Investor Default Amount") $2,997,465.00
-------------------
5. Investor Charge Offs
(a) The excess of the Aggregate Inves-
tor Default Amount set forth in
paragraph 5 above, over the
amount of the withdrawals from
the Cash Collateral Account made
to reimburse the Trust for such
amount written off (an "In-
vestor Charge Off") $ 0.00
-------------------
(b) The amount of the Investor
Charge Offs set forth in para-
graph 5(a) above, per $1,000
original certificate princi-
pal amount (which will have
the effect of reducing, pro
rata, the amount of each
Certificateholder's invest-
ment) $ 0.00
-------------------
(c) The aggregate amount of
Investor Charge Offs reimbursed
on the Transfer Date immediately
preceding such Distribution
Date $ 0.00
-------------------
(d) The amount of the reimbursed
Investor Charge Offs set forth
in paragraph 5(c) above, per
$1,000 original certificate
principal amount $ 0.00
-------------------
6. Investor Servicing Fee.
The amount of the Investor Monthly
Servicing Fee payable by the Trust
to the Servicer for the preceding
Monthly Period $1,250,000.00
-------------------
7. Available Cash Collateral Amount.
The amount available to be withdrawn
from the Cash Collateral Account as of
the close of business on October 14, 1997
(the "Transfer Date"), after giving effect
to all withdrawals, deposits and payments
to be made in respect of the preceding
month $67,500,000.00
------------------
8. The Required Cash Collateral Amount on
the Transfer Date $67,500,000.00
-------------------
9. Deficit Controlled Amortization
Amount. With respect to the next
succeeding Monthly Period, the amount,
if any, by which the Controlled
Distribution Amount exceeds
the amount distributed to the
Certificateholders pursuant to
Section 4.08(b). $ 0.00
-------------------
10. Collection of Finance Charge Receivables
The aggregate amount of Collections on
Finance Charge Receivables and Annual
Membership Fees processed during the
preceding Monthly Period which were
allocated in respect of the Certificates $11,401,498.39
-------------------
11. The Portfolio Yield for the preceding
Monthly Period. 13.45%
----------
C. The Pool Factor.
The Pool Factor for the preceding
Record Date (which represents the
ratio of the amount of the Inves-
tor Interest for Series 1993-3 as
of such Record Date (adjusted after
taking into account any reduction
in the Investor Interest which will
occur on the following Distribution
Date) to the Initial Investor Inter-
est for Series 1993-3). The amount of
a Certificateholder's pro rata share
of the Investor Interest for Series
1993-3 can be determined by
multiplying the original denomination
of the Certificateholder's
Certificate by the Pool Factor 1.000000
-------------------
MBNA AMERICA BANK, N.A.
Servicer
By: Marguerite M. Boylan
Name: Marguerite M. Boylan
Title: First Vice President
0
CUSIP 55262N AH9 Exhibit 20.6
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
MBNA AMERICA BANK, N.A.
- -------------------------------------------
MBNA MASTER CREDIT CARD TRUST SERIES 1993-4
- -------------------------------------------
Under Section 5.02 of the Pooling and Servicing
Agreement dated as of September 25, 1991 and the Series 1993-4
Supplement dated December 7, 1993 (collectively, the "Pooling
and Servicing Agreement") by and between MBNA AMERICA BANK, N.A.
("MBNA") and Bankers Trust Company, as trustee (the "Trustee")
MBNA, as Servicer is required to prepare certain information
each month regarding current distributions to Series 1993-4
Certificateholders and the performance of the MBNA Master
Credit Card Trust (the "Trust") during the previous month.
The information which is required to be prepared with
respect to the Distribution Date of October 15, 1997 and with
respect to the performance of the Trust during the
month of September, 1997 is set forth below.
Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1993-4
Certificate (a "Certificate"). Certain other information
is presented based on the aggregate amounts for the Trust
as a whole. 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 total amount of the distribution
to Certificateholders on the Distribution
Date, per $1,000 original
certificate principal amount $4.947917
-------------------
2. The amount of the distribution set
forth in paragraph 1 above in
respect of interest on the Certifi-
cates, per $1,000 original
certificate principal amount $4.947917
-------------------
3. The amount of the distribution set
forth in paragraph 1 above in
respect of principal of the Cer-
tificates, per $1,000 original
certificate principal amount $0.000000
-------------------
B. Information Regarding the Performance of the Trust.
1. Collection of Principal Receivables.
The aggregate amount of Collections on
Principal Receivables processed during
the preceding Monthly Period which were
allocated in respect of the Certificates $92,414,740.56
-------------------
2. The Economic Pay Out Amount, if any,
distributable with respect to the
Certificates in connection with the
Economic Pay Out Event occurring in
the preceding Monthly Period $ 0.00
-------------------
3. Principal Receivables in the Trust
(a) The aggregate amount of Principal
Receivables in the Trust as of the
end of the last day of the preceding
Monthly Period (which reflects the
Principal Receivables represented by
the Seller Interest and by the
Aggregate Investor Interest) $6,028,225,548.46
-------------------
(b) The amount of Principal Re-
ceivables in the Trust represented
by the Investor Interest of Series
1993-4 as of the last day of the
preceding Monthly Period (the
last day of the month) $1,000,000,000.00
-------------------
(c) The Investor Interest of Series
1993-4 set forth in paragraph 3(b)
above as a percentage of the aggregate
amount of Principal Receivables set
forth in paragraph 3(a) above 16.59%
-------------------
4. Delinquent Balances.
The aggregate amount of outstanding balances
in the Accounts which were delinquent as of
the end of the last day of the preceding
Monthly Period:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 35 - 64 days: 2.20% $135,174,413.82
------ --------------
(b) 65 - 94 days: 0.98% $60,111,676.29
------ --------------
(c) 95 - 124 days: 0.66% $40,551,032.85
------ --------------
(d) 125 - 154 days: 0.55% $33,941,845.31
------ --------------
(e) 155 or more days: 0.81% $49,942,767.15
------ --------------
Total 5.20% $319,721,735.42
------ -------------
5. Investor Default Amount.
The aggregate amount of all de-
faulted Principal Receivables
written off as uncollectable dur-
ing the preceding Monthly Period
allocable to the Investor
Interest of Series 1993-4 (the "Aggre-
gate Investor Default Amount") $3,996,620.03
-------------------
6. Investor Charge Offs
(a) The excess of the Aggregate Inves-
tor Default Amount set forth in
paragraph 5 above, over the
amount of the withdrawals from
the Cash Collateral Account made
to reimburse the Trust for such
amount written off and reductions to
the Enhancement Invested Amount
if any (an "Investor Charge Off") $ 0.00
-------------------
(b) The amount of the Investor
Charge Offs set forth in para-
graph 6(a) above, per $1,000
original certificate princi-
pal amount (which will have
the effect of reducing, pro
rata, the amount of each
Certificateholder's invest-
ment) $ 0.00
-------------------
(c) The aggregate amount of
Investor Charge Offs reimbursed
on the Transfer Date immediately
preceding such Distribution
Date $ 0.00
-------------------
(d) The amount of the reimbursed
Investor Charge Offs set forth
in paragraph 6(c) above, per
$1,000 original certificate
principal amount $ 0.00
-------------------
7. Investor Servicing Fee.
The amount of the Investor Monthly
Servicing Fee payable by the Trust
to the Servicer for the preceding
Monthly Period $1,666,666.67
-------------------
8. The Portfolio Yield for the preceding
Monthly Period. 13.45%
-------------------
9. Available Cash Collateral Amount.
The amount available to be withdrawn
from the Cash Collateral Account as of
the close of business on October 14, 1997
(the "Transfer Date"), after giving effect
to all withdrawals, deposits and payments
to be made in respect of the preceding
month $105,000,000.00
-------------------
10. The Required Cash Collateral Amount on
the Transfer Date $105,000,000.00
-------------------
11. Enhancement Invested Amount $ 0.00
-------------------
12. Deficit Controlled Amortization
Amount. With respect to the next
succeeding Monthly Period, the amount,
if any, by which the Controlled
Distribution Amount exceeds
the amount distributed to the
Certificateholders pursuant to
Section 4.08(b). $ 0.00
-------------------
13. Collection of Finance Charge Receivables
The aggregate amount of Collections on
Finance Charge Receivables and Annual
Membership Fees processed during the
preceding Monthly Period which were
allocated in respect of the Certificates $15,201,997.47
-------------------
C. The Pool Factor.
The Pool Factor for the preceding
Record Date (which represents the
ratio of the amount of the Inves-
tor Interest for Series 1993-4 as
of such Record Date (adjusted after
taking into account any reduction
in the Investor Interest which will
occur on the following Distribution
Date) to the Initial Investor Inter-
est for Series 1993-4). The amount of
a Certificateholder's pro rata share
of the Investor Interest for Series
1993-4 can be determined by
multiplying the original denomination
of the Certificateholder's
Certificate by the Pool Factor 1.000000
-------------------
D. LIBOR
LIBOR for the Interest Period stated below
September 15, 1997 through October 14, 1997 5.6875%
- ------------
MBNA AMERICA BANK, N.A.
Servicer
By: Marguerite M. Boylan
Name: Marguerite M. Boylan
Title: First Vice President
0
CUSIP 55262N AJ5 Exhibit 20.7
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
MBNA AMERICA BANK, N.A.
- -------------------------------------------
MBNA MASTER CREDIT CARD TRUST SERIES 1994-1
- -------------------------------------------
Under Section 5.02 of the Pooling and Servicing
Agreement dated as of September 25, 1991 and the Series 1994-1
Supplement dated February 25, 1994 (collectively, the "Pooling
and Servicing Agreement") by and between MBNA AMERICA BANK, N.A.
("MBNA") and Bankers Trust Company, as trustee (the "Trustee")
MBNA, as Servicer is required to prepare certain information
each month regarding current distributions to Series 1994-1
Certificateholders and the performance of the MBNA Master
Credit Card Trust (the "Trust") during the previous month.
The information which is required to be prepared with
respect to the Distribution Date of October 15, 1997 and with
respect to the performance of the Trust during the
month of September, 1997 is set forth below.
Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1994-1
Certificate (a "Certificate"). Certain other information
is presented based on the aggregate amounts for the Trust
as a whole. 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 total amount of the distribution
to Certificateholders on the Distribution
Date, per $1,000 original
certificate principal amount $4.864583
-------------------
2. The amount of the distribution set
forth in paragraph 1 above in
respect of interest on the Certifi-
cates, per $1,000 original
certificate principal amount $4.864583
-------------------
3. The amount of the distribution set
forth in paragraph 1 above in
respect of principal of the Cer-
tificates, per $1,000 original
certificate principal amount $0.000000
-------------------
B. Information Regarding the Performance of the Trust.
1. Collection of Principal Receivables.
The aggregate amount of Collections on
Principal Receivables processed during
the preceding Monthly Period which were
allocated in respect of the Certificates $69,311,055.45
-------------------
2. The Economic Pay Out Amount, if any,
distributable with respect to the
Certificates in connection with the
Economic Pay Out Event occurring in
the preceding Monthly Period $ 0.00
-------------------
3. Principal Receivables in the Trust
(a) The aggregate amount of Principal
Receivables in the Trust as of the
end of the last day of the preceding
Monthly Period (which reflects the
Principal Receivables represented by
the Seller Interest and by the
Aggregate Investor Interest) $6,028,225,548.46
-------------------
(b) The amount of Principal Receivables
in the Trust represented by the Investor
Interest of Series 1994-1 as of the last
day of the preceding Monthly Period (the
last day of the month) $750,000,000.00
-------------------
(c) The Investor Interest of Series 1994-1
set forth in paragraph 3(b) above as a
percentage of the aggregate amount of
Principal Receivables set forth
in paragraph 3(a) above 12.44%
-------------------
4. Delinquent Balances.
The aggregate amount of outstanding balances
in the Accounts which were delinquent as of
the end of the last day of the preceding
Monthly Period:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 35 - 64 days: 2.20% $135,174,413.82
------ --------------
(b) 65 - 94 days: 0.98% $60,111,676.29
------ --------------
(c) 95 - 124 days: 0.66% $40,551,032.85
------ --------------
(d) 125 - 154 days: 0.55% $33,941,845.31
------ --------------
(e) 155 or more days: 0.81% $49,942,767.15
------ --------------
Total 5.20% $319,721,735.42
------ -------------
5. Investor Default Amount.
The aggregate amount of all de-
faulted Principal Receivables
written off as uncollectable dur-
ing the preceding Monthly Period
allocable to the Investor
Interest of Series 1994-1 (the "Aggre-
gate Investor Default Amount") $2,997,465.00
-------------------
6. Investor Charge Offs
(a) The excess of the Aggregate Inves-
tor Default Amount set forth in
paragraph 5 above, over the
amount of the withdrawals from
the Cash Collateral Account made
to reimburse the Trust for such
amount written off and reductions to
the Enhancement Invested Amount
if any (an "Investor Charge Off") $ 0.00
-------------------
(b) The amount of the Investor
Charge Offs set forth in para-
graph 6(a) above, per $1,000
original certificate princi-
pal amount (which will have
the effect of reducing, pro
rata, the amount of each
Certificateholder's investment) $ 0.00
-------------------
(c) The aggregate amount of
Investor Charge Offs reimbursed
on the Transfer Date immediately
preceding such Distribution Date $ 0.00
-------------------
(d) The amount of the reimbursed
Investor Charge Offs set forth
in paragraph 6(c) above, per
$1,000 original certificate
principal amount $ 0.00
-------------------
7. Investor Servicing Fee.
The amount of the Investor Monthly
Servicing Fee payable by the Trust
to the Servicer for the preceding
Monthly Period $1,250,000.00
-------------------
8. Available Cash Collateral Amount.
The amount available to be withdrawn
from the Cash Collateral Account as of
the close of business on October 14, 1997
(the "Transfer Date"), after giving effect
to all withdrawals, deposits and payments
to be made in respect of the preceding
month $78,750,000.00
------------------
9. The Required Cash Collateral Amount on
the Transfer Date $78,750,000.00
-------------------
10. Enhancement Invested Amount $ 0.00
-------------------
11. Deficit Controlled Amortization
Amount. With respect to the next
succeeding Monthly Period, the amount,
if any, by which the Controlled
Distribution Amount exceeds
the amount distributed to the
Certificateholders pursuant to
Section 4.08(b). $ 0.00
-------------------
12. Collection of Finance Charge Receivables
The aggregate amount of Collections on
Finance Charge Receivables and Annual
Membership Fees processed during the
preceding Monthly Period which were
allocated in respect of the Certificates $11,401,498.39
-------------------
13. The Portfolio Yield for the preceding
Monthly Period. 13.45%
-------------------
C. The Pool Factor.
The Pool Factor for the preceding
Record Date (which represents the
ratio of the amount of the Inves-
tor Interest for Series 1994-1 as
of such Record Date (adjusted after
taking into account any reduction
in the Investor Interest which will
occur on the following Distribution
Date) to the Initial Investor Inter-
est for Series 1994-1). The amount of
a Certificateholder's pro rata share
of the Investor Interest for Series
1994-1 can be determined by
multiplying the original denomination
of the Certificateholder's
Certificate by the Pool Factor 1.000000
-------------------
D. LIBOR
LIBOR for the Interest Period stated below
September 15, 1997 through October 14, 1997 5.6875%
-----------
MBNA AMERICA BANK, N.A.
Servicer
By: Marguerite M. Boylan
Name: Marguerite M. Boylan
Title: First Vice President
0
CUSIP 55262N AK2 Exhibit 20.8
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
MBNA AMERICA BANK, N.A.
- -------------------------------------------
MBNA MASTER CREDIT CARD TRUST SERIES 1994-2
- -------------------------------------------
Under Section 5.02 of the Pooling and Servicing
Agreement dated as of September 25, 1991 and the Series 1994-2
Supplement dated May 26, 1994 (collectively, the "Pooling
and Servicing Agreement") by and between MBNA AMERICA BANK, N.A.
("MBNA") and Bankers Trust Company, as trustee (the "Trustee")
MBNA, as Servicer is required to prepare certain information
each month regarding current distributions to Series 1994-2
Certificateholders and the performance of the MBNA Master
Credit Card Trust (the "Trust") during the previous month.
The information which is required to be prepared with
respect to the Distribution Date of October 15, 1997 and
with respect to the performance of the Trust during the
month of September, 1997 is set forth below.
Certain of the information is presented on the basis of an
original principal amount of $1,000 per Series 1994-2
Certificate (a "Certificate"). Certain other information
is presented based on the aggregate amounts for the Trust
as a whole. 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 total amount of the distribution
to Certificateholders on the Distribution
Date, per $1,000 original
certificate principal amount $ 4.914583
-------------------
2. The amount of the distribution set
forth in paragraph 1 above in
respect of interest on the Certifi-
cates, per $1,000 original
certificate principal amount $ 4.914583
-------------------
3. The amount of the distribution set
forth in paragraph 1 above in
respect of principal of the Cer-
tificates, per $1,000 original
certificate principal amount $ 0.000000
-------------------
B. Information Regarding the Performance of the Trust.
1. Collection of Principal Receivables.
The aggregate amount of Collections on
Principal Receivables processed during
the preceding Monthly Period which were
allocated in respect of the Certificates $83,173,266.51
-------------------
2. The Economic Pay Out Amount, if any,
distributable with respect to the
Certificates in connection with the
Economic Pay Out Event occurring in
the preceding Monthly Period $ 0.00
-------------------
3. Principal Receivables in the Trust
(a) The aggregate amount of Principal
Receivables in the Trust as of the
end of the last day of the preceding
Monthly Period (which reflects the
Principal Receivables represented by the
Seller Interest and by the
Aggregate Investor Interest) $6,028,225,548.46
-------------------
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1994-2 as
of the last day of the preceding Monthly
Period (the last day of the month) $900,000,000.00
-------------------
(c) The Investor Interest of Series
1994-2 set forth in paragraph
3(b) above as a percentage of the
aggregate amount of Principal
Receivables set forth in paragraph
3(a) above 14.93%
-------------------
4. Delinquent Balances.
The aggregate amount of outstanding
balances in the Accounts which were
delinquent as of the end of the last
day of the preceding Monthly Period:
Percentage Aggregate
of Total Account
Receivables Balance
(a) 35 - 64 days: 2.20% $135,174,413.82
------ --------------
(b) 65 - 94 days: 0.98% $60,111,676.29
------ --------------
(c) 95 - 124 days: 0.66% $40,551,032.85
------ --------------
(d) 125 - 154 days: 0.55% $33,941,845.31
------ --------------
(e) 155 or more days: 0.81% $49,942,767.15
------ --------------
Total 5.20% $319,721,735.42
------ -------------
5. Investor Default Amount.
The aggregate amount of all de-
faulted Principal Receivables
written off as uncollectable dur-
ing the preceding Monthly Period
allocable to the Investor
Interest of Series 1994-2 (the "Aggre-
gate Investor Default Amount") $3,596,958.02
-------------------
6. Investor Charge Offs
(a) The excess of the Aggregate Inves-
tor Default Amount set forth in
paragraph 5 above, over the
amount of the withdrawals from
the Cash Collateral Account made
to reimburse the Trust for such
amount written off and reductions to
the Enhancement Invested Amount,
if any (an "Investor Charge
Off") $ 0.00
-------------------
(b) The amount of the Investor
Charge Offs set forth in para-
graph 6(a) above, per $1,000
original certificate princi-
pal amount (which will have
the effect of reducing, pro
rata, the amount of each
Certificateholder's invest-
ment) $ 0.00
-------------------
(c) The aggregate amount of
Investor Charge Offs reimbursed
on the Transfer Date immediately
preceding such Distribution Date $ 0.00
-------------------
(d) The amount of the reimbursed
Investor Charge Offs set forth
in paragraph 6(c) above, per
$1,000 original certificate
principal amount $ 0.00
-------------------
7. Investor Servicing Fee.
The amount of the Investor Monthly
Servicing Fee payable by the Trust
to the Servicer for the preceding
Monthly Period $1,500,000.00
-------------------
8. Available Cash Collateral Amount.
The amount available to be withdrawn from
the Cash Collateral Account as of the close
of business on October 14, 1997 the "Transfer
Date"), after giving effect to all
withdrawals, deposits and payments to be
made in respect of the preceding month $94,500,000.00
------------------
9. The Required Cash Collateral Amount on
the Transfer Date $94,500,000.00
-------------------
10. Enhancement Invested Amount $ 0.00
-------------------
11. Deficit Controlled Amortization
Amount. With respect to the next
succeeding Monthly Period, the amount,
if any, by which the Controlled
Distribution Amount exceeds
the amount distributed to the
Certificateholders pursuant to
Section 4.08(b). $ 0.00
-------------------
12. Collection of Finance Charge Receivables
The aggregate amount of Collections on
Finance Charge Receivables and Annual
Membership Fees processed during the
preceding Monthly Period which were
allocated in respect of the Certificates $13,681,797.90
-------------------
13. The Portfolio Yield for the preceding
Monthly Period. 13.45%
-------------------
C. The Pool Factor.
The Pool Factor for the preceding
Record Date (which represents the
ratio of the amount of the Inves-
tor Interest for Series 1994-2 as
of such Record Date (adjusted after
taking into account any reduction
in the Investor Interest which will
occur on the following Distribution
Date) to the Initial Investor Inter-
est for Series 1994-2). The amount of
a Certificateholder's pro rata share
of the Investor Interest for Series
1994-2 can be determined by
multiplying the original denomination
of the Certificateholder's
Certificate by the Pool Factor 1.000000
-------------------
D. LIBOR
LIBOR for the Interest Period stated below
September 15, 1997 through October 14, 1997 5.6875%
- -----------
MBNA AMERICA BANK, N.A.
Servicer
By: Marguerite M. Boylan
Name: Marguerite M. Boylan
Title: First Vice President
0
Exhibit 99.1
MBNA MASTER CREDIT CARD TRUST 1992-1
KEY PERFORMANCE FACTORS
September, 1997
Scheduled Maturity 12/15/97
Coupon 7.25%
Excess Protection Level
3 Month Average 7.81%
September, 1997 8.63%
August, 1997 7.92%
July, 1997 6.87%
Cash Yield 24.28%
Investor Charge Offs 6.39%
Base Rate 9.25%
Over 35 Day Delinquency 5.20%
Seller's Interest 19.41%
Total Payment Rate 10.47%
Total Principal Balance $6,028,225,548.46
Investor Participation Amount $124,999,999.97
Seller Participation Amount $1,169,892,215.19
Exhibit 99.2
MBNA MASTER CREDIT CARD TRUST 1992-2
KEY PERFORMANCE FACTORS
September, 1997
Scheduled Maturity 2/16/98
Coupon 6.20%
Excess Protection Level
3 Month Average 7.63%
September, 1997 7.91%
August, 1997 7.83%
July, 1997 7.16%
Cash Yield 21.86%
Investor Charge Offs 5.76%
Base Rate 8.20%
Over 35 Day Delinquency 5.20%
Seller's Interest 19.41%
Total Payment Rate 10.47%
Total Principal Balance $6,028,225,548.46
Investor Participation Amount $208,333,333.31
Seller Participation Amount $1,169,892,215.19
Exhibit 99.3
MBNA MASTER CREDIT CARD TRUST 1992-3
KEY PERFORMANCE FACTORS
September, 1997
Scheduled Maturity 6/15/98
Coupon 6.0375%
Excess Protection Level
3 Month Average 6.75%
September, 1997 6.89%
August, 1997 6.95%
July, 1997 6.43%
Cash Yield 20.25%
Investor Charge Offs 5.33%
Base Rate 8.04%
Over 35 Day Delinquency 5.20%
Seller's Interest 19.41%
Total Payment Rate 10.47%
Total Principal Balance $6,028,225,548.46
Investor Participation Amount $374,999,999.99
Seller Participation Amount $1,169,892,215.19
Exhibit 99.4
MBNA MASTER CREDIT CARD TRUST 1993-1
KEY PERFORMANCE FACTORS
September, 1997
Scheduled Maturity 9/15/98
Coupon 5.9875%
Excess Protection Level
3 Month Average 5.45%
September, 1997 5.46%
August, 1997 5.64%
July, 1997 5.27%
Cash Yield 18.24%
Investor Charge Offs 4.80%
Base Rate 7.99%
Over 35 Day Delinquency 5.20%
Seller's Interest 19.41%
Total Payment Rate 10.47%
Total Principal Balance $6,028,225,548.46
Investor Participation Amount $750,000,000.00
Seller Participation Amount $1,169,892,215.19
Exhibit 99.5
MBNA MASTER CREDIT CARD TRUST 1993-3
KEY PERFORMANCE FACTORS
September, 1997
Scheduled Maturity 3/15/99
Coupon 5.40%
Excess Protection Level
3 Month Average 6.15%
September, 1997 6.05%
August, 1997 6.36%
July, 1997 6.05%
Cash Yield 18.24%
Investor Charge Offs 4.80%
Base Rate 7.40%
Over 35 Day Delinquency 5.20%
Seller's Interest 19.41%
Total Payment Rate 10.47%
Total Principal Balance $6,028,225,548.46
Investor Participation Amount $750,000,000.00
Seller Participation Amount $1,169,892,215.19
Exhibit 99.6
MBNA MASTER CREDIT CARD TRUST 1993-4
KEY PERFORMANCE FACTORS
September, 1997
Scheduled Maturity 6/15/99
Coupon 5.9375%
Excess Protection Level
3 Month Average 5.50%
September, 1997 5.51%
August, 1997 5.69%
July, 1997 5.32%
Cash Yield 18.24%
Investor Charge Offs 4.80%
Base Rate 7.94%
Over 35 Day Delinquency 5.20%
Seller's Interest 19.41%
Total Payment Rate 10.47%
Total Principal Balance $6,028,225,548.46
Investor Participation Amount $1,000,000,000.00
Seller Participation Amount $1,169,892,215.19
Exhibit 99.7
MBNA MASTER CREDIT CARD TRUST 1994-1
KEY PERFORMANCE FACTORS
September 30, 1997
Scheduled Maturity 9/15/99
Coupon 5.8375%
Excess Protection Level
3 Month Average 5.60%
September, 1997 5.61%
August, 1997 5.79%
July, 1997 5.42%
Cash Yield 18.24%
Investor Charge Offs 4.80%
Base Rate 7.84%
Over 35 Day Delinquency 5.20%
Seller's Interest 19.41%
Total Payment Rate 10.47%
Total Principal Balance $6,028,225,548.46
Investor Participation Amount $750,000,000.00
Seller Participation Amount $1,169,892,215.19
Exhibit 99.8
MBNA MASTER CREDIT CARD TRUST 1994-2
KEY PERFORMANCE FACTORS
September, 1997
Scheduled Maturity 12/15/99
Coupon 5.8975%
Excess Protection Level
3 Month Average 5.54%
September, 1997 5.55%
August, 1997 5.73%
July, 1997 5.36%
Cash Yield 18.24%
Investor Charge Offs 4.80%
Base Rate 7.90%
Over 35 Day Delinquency 5.20%
Seller's Interest 19.41%
Total Payment Rate 10.47%
Total Principal Balance $6,028,225,548.46
Investor Participation Amount $900,000,000.00
Seller Participation Amount $1,169,892,215.19
