==============================================================================
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: August 14, 1996
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 33-84890 51-0331454
- ----------------- ----------------------------- --------------
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
1100 North King Street
Wilmington, DE 19801
- ------------------------------------------------------------------------------
(Address of principal executive office)
Registrant's telephone number, including area code (302) 453-9930.
---------------
<PAGE>
Item 5. OTHER EVENTS
The following is filed as an Exhibit to this Report under Exhibit 4:
4.1 Series 1996-G Supplement to the Pooling and Servicing Agreement,
dated as of July 17, 1996, among MBNA America Bank, National Association,
Seller and Servicer, and The Bank of New York, Trustee.
The following are filed as Exhibits to this Report under Exhibit 20:
20.1 Series 1994-A Certificateholders' Statement for the month ended
July 31, 1996.
20.2 Series 1994-B Certificateholders' Statement for the month ended
July 31, 1996.
20.3 Series 1994-C Certificateholders' Statement for the month ended
July 31, 1996.
20.4 Series 1994-D Certificateholders' Statement for the month ended
July 31, 1996.
20.5 Series 1995-A Certificateholders' Statement for the month ended
July 31, 1996.
20.6 Series 1995-B Certificateholders' Statement for the month ended
July 31, 1996.
20.7 Series 1995-C Certificateholders' Statement for the month ended
July 31, 1996.
20.8 Series 1995-D Certificateholders' Statement for the month ended
July 31, 1996.
20.9 Series 1995-E Certificateholders' Statement for the month ended
July 31, 1996.
20.10 Series 1995-F Certificateholders' Statement for the month ended
July 31, 1996.
20.11 Series 1995-I Certificateholders' Statement for the month ended
July 31, 1996.
20.12 Series 1995-J Certificateholders' Statement for the month ended
July 31, 1996.
20.13 Series 1996-A Certificateholders' Statement for the month ended
July 31, 1996.
20.14 Series 1996-B Certificateholders' Statement for the month ended
July 31, 1996.
20.15 Series 1996-C Certificateholders' Statement for the month ended
July 31, 1996.
20.16 Series 1996-D Certificateholders' Statement for the month ended
July 31, 1996.
20.17 Series 1996-E Certificateholders' Statement for the month ended
July 31, 1996.
<PAGE>
Item 5. OTHER EVENTS
The following are filed as Exhibits to this Report under Exhibit 99:
99.1. Series 1994-A Key Performance Factors for the month ended July 31,
1996.
99.2. Series 1994-B Key Performance Factors for the month ended July 31,
1996.
99.3. Series 1994-C Key Performance Factors for the month ended July 31,
1996.
99.4. Series 1994-D Key Performance Factors for the month ended July 31,
1996.
99.5. Series 1995-A Key Performance Factors for the month ended July 31,
1996.
99.6. Series 1995-B Key Performance Factors for the month ended July 31,
1996.
99.7. Series 1995-C Key Performance Factors for the month ended July 31,
1996.
99.8. Series 1995-D Key Performance Factors for the month ended July 31,
1996.
99.9. Series 1995-E Key Performance Factors for the month ended July 31,
1996.
99.10. Series 1995-F Key Performance Factors for the month ended July 31,
1996.
99.11. Series 1995-I Key Performance Factors for the month ended July 31,
1996.
99.12. Series 1995-J Key Performance Factors for the month ended July 31,
1996.
99.13. Series 1996-A Key Performance Factors for the month ended July 31,
1996.
99.14. Series 1996-B Key Performance Factors for the month ended July 31,
1996.
99.15. Series 1996-C Key Performance Factors for the month ended July 31,
1996.
99.16. Series 1996-D Key Performance Factors for the month ended July 31,
1996.
99.17. Series 1996-E Key Performance Factors for the month ended July 31,
1996.
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: August 14, 1996
MBNA AMERICA BANK, NATIONAL ASSOCIATION
By: Douglas O. Hart
----------------------------------
Name: Douglas O. Hart
Title: Executive Vice President
CLASS A CUSIP 55262T AA1 EXHIBIT C
CLASS B CUSIP 55262T AB9 ---------
------------------------
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1994-A
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the trust during the month of July, 1996 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 . . . . . . . . . . $ 4.882500
-----------------
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
-----------------
1994-A C-1 10:57:23 AM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 5.054722
-----------------
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. . . . . . . . . $ 5.206355
-----------------
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 . . . . . . . . . $ 68,953,555.88
-----------------
(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 . . . . . . . . . $ 3,566,563.42
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 6,736,842.51
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1994-A C-2 10:57:23 AM
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1994-A
as of the end of the day on the last
day of the related Monthly Period. . . . . $ 760,000,000.00
-----------------
(c) The amount of Principal Receivables
in the Trust represented by the
Adjusted Investor Interest of Series
1994-A as of the end of the day on the
last day of the related Monthly Period . . $ 760,000,000.00
-----------------
(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 . . . . . . . . $ 661,200,000.00
-----------------
(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. . . . . $ 661,200,000.00
-----------------
(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. . . . . . . $ 34,200,000.00
-----------------
(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 . . $ 64,600,000.00
-----------------
(h) The Floating Investor Percentage with
respect to the period:
July 1, 1996 through July 31, 1996 4.48%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.870000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.045000
----------
1994-A C-3 10:57:23 AM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.085000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 2,776,491.70
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 2,415,547.77
-----------------
1994-A C-4 10:57:23 AM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 124,942.13
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 236,001.80
-----------------
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
-----------------
1994-A C-5 10:57:23 AM
(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 . . . . . . . . . . . . . . . . . . $ 688,750.00
-----------------
(b) The amount of the Class B Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period . . . . . . . . . . . . . . . . . . $ 35,625.00
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period . . . . . . . . . . . . . . . . . . $ 67,291.67
-----------------
7. Reallocations
-----------------
(a) The amount of Reallocated Collateral
Principal Collections with respect to
this Distribution Date . . . . . . . . . . $ 0.00
-----------------
1994-A C-6 10:57:23 AM
(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 . . . . . . . . . . . . . . . . . . . $ 64,600,000.00
-----------------
(d) The Class B Investor Interest as of the
close of business on this Distribution
Date . . . . . . . . . . . . . . . . . . . $ 34,200,000.00
-----------------
8. 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
-----------------
9. Available Funds
-------------------
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 8,879,418.66
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 459,280.34
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 867,529.61
-----------------
1994-A C-7 10:57:23 AM
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. . $ 9,292,668.66
-----------------
(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 . . . . . . . . .. . . . . . $ 480,655.34
-----------------
(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 . . . . . . . . . . .. . . . . . $ 907,904.61
-----------------
11. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield . . . . . . . . 4.44%
-------
C. LIBOR Determinations
--------------------
LIBOR rates for the Interest Period of
July 15, 1996 through August 14, 1996:
Class A and Class B determination - 5.50000%
-----------
Collateral Interest determination - 5.49609%
-----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:________________________
Name: Marguerite M. Boylan
Title: Vice President
1994-A C-8 10:57:23 AM
CLASS A CUSIP 55262T AC7 EXHIBIT C
CLASS B CUSIP 55262T AD5 ---------
------------------------
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1994-B
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the trust during the month of July, 1996 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 . . . . . . . . . . $ 4.859292
-----------------
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
-----------------
1994-B C-1 10:25:54 AM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 5.037500
-----------------
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. . . . . . . . . $ 5.206355
-----------------
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 . . . . . . . . . $ 90,728,363.29
-----------------
(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 . . . . . . . . . $ 4,692,847.11
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 8,864,265.34
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1994-B C-2 10:25:54 AM
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1994-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
1994-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 . . . . . . . . $ 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 of:
July 1, 1996 through July 31, 1996. 5.89%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.870000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.045000
----------
1994-B C-3 10:25:54 AM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.085000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 3,653,278.59
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 3,178,352.33
-----------------
1994-B C-4 10:25:54 AM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 164,397.57
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 310,528.69
-----------------
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
-----------------
1994-B C-5 10:25:54 AM
(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
-----------------
1994-B C-6 10:25:54 AM
(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. 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 . .$ 12,227,839.43
-----------------
(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 . . . . . . . . .. . . . . . $ 632,441.28
-----------------
(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. . . . . . . . . . . . . . . . . $ 1,194,610.98
-----------------
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
-----------------
1994-B C-7 10:25:54 AM
(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. Swap Cash Flows
--------------------
(a) The amount of the Net Swap Receipt
for the related Transfer Date. . . . . . . $ 643.66
-----------------
(a) 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 . . . . . . . $ 11,684,089.43
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 604,316.28
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 1,141,485.98
-----------------
12. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield . . . . . . . . 4.47%
-------
1994-B C-8 10:25:54 AM
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period
July 15, 1996 through August 14, 1996:
Class B Determination - 5.50000%
-----------
Collateral Interest Determination - 5.49609%
-----------
The weighted average of the Treasury Bill Rates
for the Interest Period:
July 15, 1996 through August 14, 1996: 5.28710%
-----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:________________________
Name: Marguerite M. Boylan
Title: Vice President
1994-B C-9 10:25:54 AM
CLASS A CUSIP 55262T AE3 EXHIBIT C
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 JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the trust during the related Monthly Period 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 . . . . . . . . . . $ 4.951389
-----------------
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
-----------------
1994-C C-1 11:17:34 AM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 5.123611
-----------------
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. . . . . . . . . $ 5.313994
-----------------
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 . . . . . . . . . $ 90,728,363.29
-----------------
(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 . . . . . . . . . $ 4,692,847.11
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 8,864,265.34
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1994-C C-2 11:17:35 AM
(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 of:
July 1, 1996 through July 31, 1996 5.89%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.870000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.045000
----------
1994-C C-3 11:17:35 AM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.085000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 3,653,278.59
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 3,178,352.33
-----------------
1994-C C-4 11:17:35 AM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 164,397.57
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 310,528.69
-----------------
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
-----------------
1994-C C-5 11:17:35 AM
(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
-----------------
1994-C C-6 11:17:35 AM
(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. 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 allocated in respect of the
Class A Certificates. . . . . . . . . . . $ 12,227,195.77
-----------------
(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 . . . . . . . . .. . . . . . $ 632,441.28
-----------------
(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. . . . . . . . . . . . . . . . . $ 1,194,610.98
-----------------
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
-----------------
1994-C C-7 11:17:35 AM
(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 . . . . . . . $ 11,683,445.77
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 604,316.28
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 1,141,485.98
-----------------
11. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield . . . . . . . . 4.35%
-------
1994-C C-8 11:17:35 AM
C. Floating Rate Determinations
----------------------------
LIBOR rates for the Interest Period
July 15, 1996 through August 14, 1996:
Class A and Class B determination - 5.50000%
-----------
Collateral Interest determination - 5.49609%
-----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:________________________
Name: Marguerite M. Boylan
Title: Vice President
1994-C C-9 11:17:35 AM
CLASS A CUSIP 55262T AG8 EXHIBIT C
CLASS B CUSIP 55262T AH6 ---------
------------------------
FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT
SERIES 1994-D
MBNA AMERICA BANK, NATIONAL ASSOCIATION
MBNA MASTER CREDIT CARD TRUST II
____________________________________________
MONTHLY PERIOD ENDING JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the trust during the related Monthly Period 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 . . . . . . . . . . $ 4.933607
-----------------
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
-----------------
1994-D C-1 03:08:39 PM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 5.037500
-----------------
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. . . . . . . . . $ 5.184828
-----------------
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 . . . . . . . . . $ 90,728,363.29
-----------------
(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 . . . . . . . . . $ 4,692,847.11
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 8,864,265.34
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1994-D C-2 03:08:39 PM
(b) The amount of Principal Receivables
in the Trust represented by the
Investor Interest of Series 1994-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
1994-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 . . . . . . . . $ 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 of:
July 1, 1996 through July 31, 1996 . . 5.89%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.870000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.045000
----------
1994-D C-3 03:08:39 PM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.085000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 3,653,278.59
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 3,178,352.33
-----------------
1994-D C-4 03:08:39 PM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 164,397.57
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 310,528.69
-----------------
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
-----------------
1994-D C-5 03:08:39 PM
(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
-----------------
1994-D C-6 03:08:39 PM
(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. 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 allocated in respect of the
Class A Certificates. . . . . . . . . . . $ 12,227,195.77
-----------------
(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 . . . . . . . . .. . . . . . $ 632,441.28
-----------------
(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. . . . . . . . . . . . . . . . . $ 1,194,610.98
-----------------
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
-----------------
1994-D C-7 03:08:39 PM
(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 . . . . . . . $ 11,683,445.77
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 604,316.28
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 1,141,485.98
-----------------
11. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield . . . . . . . . 4.42%
-------
1994-D C-8 03:08:39 PM
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period
July 15, 1996 through August 14, 1996:
Class B Determination - 5.50000%
-----------
Collateral Interest Determination - 5.49609%
-----------
The average of the Federal Funds Rates for the
Interest Period:
July 15, 1996 through August 14, 1996: 5.39935%
-----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:___________________________
Name: Douglas O. Hart
Title: Executive Vice Preside
1994-D C-9 03:08:39 PM
CLASS A CUSIP 55262T AJ2 EXHIBIT C
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 JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the Trust during the related Monthly Period 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 . . . . . . . . . . $ 4.965244
-----------------
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
-----------------
1995-A C-1 01:58:32 PM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 5.120244
-----------------
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. . . . . . . . . $ 5.352744
-----------------
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 . . . . . . . . . $ 52,168,809.93
-----------------
(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 . . . . . . . . . $ 2,698,386.69
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 5,096,952.74
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1995-A C-2 01:58:32 PM
(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 of:
July 1, 1996 through July 31, 1996 3.39%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.870000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.045000
----------
1995-A C-3 01:58:32 PM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.085000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 2,100,635.25
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 1,827,552.70
-----------------
1995-A C-4 01:58:32 PM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 94,528.58
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 178,553.97
-----------------
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
-----------------
1995-A C-5 01:58:32 PM
(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 . . . . . . . . . . . . . . . . . . $ 26,953.12
-----------------
(c) The amount of the Collateral Servicing
Fee payable by the Trust to the
Servicer for the related Monthly
Period . . . . . . . . . . . . . . . . . . $ 50,911.46
-----------------
7. Reallocations
-----------------
(a) The amount of Reallocated Collateral
Principal Collections with respect to
this Distribution Date . . . . . . . . . . $ 0.00
-----------------
1995-A C-6 01:58:32 PM
(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 Proceeds and amounts,
if any, withdrawn from the Reserve
Account allocated in respect of the
Class A Certificates. . . . . . . . . . . $ 7,030,637.82
-----------------
(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 . . . . . . . . .. . . . . . $ 363,653.62
-----------------
(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. . . . . . . . . . . . . . . . . $ 686,901.40
-----------------
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
-----------------
1995-A C-7 01:58:32 PM
(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 . . . . . . . $ 6,717,981.57
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 347,481.74
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 656,354.53
-----------------
11. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield . . . . . . . . 4.34%
-------
1995-A C-8 01:58:32 PM
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period
July 15, 1996 through August 14, 1996: 5.49609%
-----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:________________________
Name: Marguerite M. Boylan
Title: Vice President
1995-A C-9 01:58:32 PM
CLASS A CUSIP 55262T AL7 EXHIBIT C
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 JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the Trust during the related Monthly Period 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 . . . . . . . . . . $ 4.870522
-----------------
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
-----------------
1995-B C-1 03:14:43 PM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 5.008300
-----------------
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. . . . . . . . . $ 5.166667
-----------------
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 . . . . . . . . . $ 68,046,272.96
-----------------
(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 . . . . . . . . . $ 3,519,634.40
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 6,648,199.69
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1995-B C-2 03:14:43 PM
(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 of:
July 1, 1996 through July 31, 1996 4.42%
----------
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.870000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.045000
----------
1995-B C-3 03:14:43 PM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.085000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 2,739,958.95
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 2,383,764.29
-----------------
1995-B C-4 03:14:43 PM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 123,298.15
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 232,896.51
-----------------
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
-----------------
1995-B C-5 03:14:43 PM
(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
-----------------
1995-B C-6 03:14:43 PM
(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
Funding Investment Proceeds and amounts,
if any, withdrawn from the Reserve
Account allocated in respect of the
Class A Certificates. . . . . . . . . . . $ 9,170,396.89
-----------------
(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 . . . . . . . . .. . . . . . $ 474,330.95
-----------------
(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. . . . . . . . . . . . . . . . . $ 895,958.51
-----------------
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
-----------------
1995-B C-7 03:14:43 PM
(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
-----------------
10. Reserve Draw Amount . . . . . . . . . . . . . .$ 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 . . . . . . . $ 8,762,584.39
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 453,237.20
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 856,114.76
-----------------
12. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield for the related
Monthly Period . . . . . . . . . . . . . . . 4.46%
-------
1995-B C-8 03:14:43 PM
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period
July 15, 1996 through August 14, 1996: 5.49609%
-----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:________________________
Name: Marguerite M. Boylan
Title: Vice President
1995-B C-9 03:14:43 PM
CLASS A CUSIP 55262T AN3 EXHIBIT C
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 JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the trust during the related Monthly Period 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
-----------------
1995-C C-1 11:12:15 AM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 5.094411
-----------------
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. . . . . . . . . $ 5.352744
-----------------
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 . . . . . . . . . $ 52,168,809.93
-----------------
(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 . . . . . . . . . $ 2,698,386.69
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 5,096,952.74
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1995-C C-2 11:12:15 AM
(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 of:
July 1, 1996 through July 31, 1996 3.39%
----------
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.870000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.045000
----------
1995-C C-3 11:12:15 AM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.085000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 2,100,635.25
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 1,827,552.70
-----------------
1995-C C-4 11:12:15 AM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 94,528.58
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 178,553.97
-----------------
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
-----------------
1995-C C-5 11:12:15 AM
(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
-----------------
1995-C C-6 11:12:15 AM
(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
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 . .$ 7,268,787.53
-----------------
(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 . . . . . . . . .. . . . . . $ 363,653.62
-----------------
(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. . . . . . . . . . . . . . . . . $ 686,901.40
-----------------
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
-----------------
1995-C C-7 11:12:15 AM
(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
-----------------
10. Reserve Draw Amount . . . . . . . . . . . . . $ 0.00
------------------------- -----------------
11. Swap Cash Flows
--------------------
(a) The amount of the Net Swap Receipt
for the related Transfer Date. . . . . . . $ 238,149.71
-----------------
(a) The amount of the Net Swap Payment
for the related Transfer Date. . . . . . . $ 0.00
-----------------
12. Available Funds
--------------------
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 6,956,131.28
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 347,481.74
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 656,354.53
-----------------
13. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield . . . . . . . . 4.40%
-------
1995-C C-8 11:12:15 AM
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period 5.49609%
-----------------
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 AAA/Aaa
Counterparty -------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:________________________
Name: Marguerite M. Boylan
Title: Vice President
1995-C C-9 11:12:15 AM
CLASS A CUSIP 55262T AQ6 EXHIBIT C
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 JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the trust during the related Monthly Period 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
-----------------
1995-D C-1 02:42:55 PM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 4.982466
-----------------
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. . . . . . . . . $ 5.180522
-----------------
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 . . . . . . . . . $ 45,364,182.49
-----------------
(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 . . . . . . . . . $ 2,346,423.57
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 4,432,132.57
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1995-D C-2 02:42:55 PM
(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 of:
July 1, 1996 through July 31, 1996 2.95%
-----------------
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.870000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.045000
----------
1995-D C-3 02:42:55 PM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.085000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 1,826,639.33
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 1,589,176.23
-----------------
1995-D C-4 02:42:55 PM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 82,198.77
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 155,264.33
-----------------
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
-----------------
1995-D C-5 02:42:55 PM
(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
-----------------
1995-D C-6 02:42:55 PM
(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. 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 . .$ 6,222,133.14
-----------------
(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 . . . . . . . . .. . . . . . $ 316,220.62
-----------------
(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. . . . . . . . . . . . . . . . . $ 597,305.52
-----------------
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
-----------------
1995-D C-7 02:42:55 PM
(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
-----------------
10. Reserve Draw Amount . . . . . . . . . . . . . $ 0.00
------------------------- -----------------
11. Swap Cash Flows
--------------------
(a) The amount of the Net Swap Receipt
for the related Transfer Date. . . . . . . $ 108,535.04
-----------------
(a) The amount of the Net Swap Payment
for the related Transfer Date. . . . . . . $ 0.00
-----------------
12. Available Funds
--------------------
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 5,950,258.14
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 302,158.12
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 570,743.02
-----------------
13. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield . . . . . . . . 4.54%
-------
1995-D C-8 02:42:55 PM
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period
July 15, 1996 through August 14, 1996 5.49609%
-----------------
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 AAA/Aaa
Counterparty -------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:________________________
Name: Marguerite M. Boylan
Title: Vice President
1995-D C-9 02:42:56 PM
CLASS A CUSIP 55262T AS2 EXHIBIT C
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 JUNE 30, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of July 15, 1996, and with respect to the
performance of the Trust during the related Monthly Period 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 . . . . . . . . . . $ 4.445848
-----------------
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
-----------------
1995-E C-1 05:08:42 PM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 4.523626
-----------------
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. . . . . . . . . $ 4.756959
-----------------
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 . . . . . . . . . $ 41,980,672.90
-----------------
(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 . . . . . . . . . $ 2,171,414.10
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 4,101,560.45
-----------------
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 related Monthly Period . . . . . . . . $16,975,561,627.28
-----------------
1995-E C-2 05:08:42 PM
(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 of:
June 1, 1996 through June 30, 1996 3.04%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.870000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.045000
----------
1995-E C-3 05:08:42 PM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.085000
----------
(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) 35 - 64 days: . . . . . . . . . 1.61% 276,686,094.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.75% 129,941,776.85
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.53% 90,513,990.94
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,766,783.33
------- -----------------
(e) 155 or more days: . . . . . . . 0.66% 114,792,307.12
------ -----------------
Total 3.97% 684,700,952.39
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 1,711,971.67
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 1,489,415.38
-----------------
1995-E C-4 05:08:42 PM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 77,038.71
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 145,517.58
-----------------
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
-----------------
1995-E C-5 05:08:42 PM
(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
-----------------
1995-E C-6 05:08:42 PM
(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. 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 allocated in respect of the
Class A Certificates. . . . . . . . . . . $ 6,107,712.30
-----------------
(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 . . . . . . . . .. . . . . . $ 315,916.27
-----------------
(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. . . . . . . . . . . . . . . . . $ 596,730.53
-----------------
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
-----------------
1995-E C-7 05:08:42 PM
(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
-----------------
10. Reserve Draw Amount . . . . . . . . . . . . . .$ 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 . . . . . . . $ 5,835,837.30
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 301,853.77
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 570,168.03
-----------------
12. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.74%
-------
(b) The Portfolio Adjusted Yield for the related
Monthly Period . . . . . . . . . . . . . . . 4.55%
-------
1995-E C-8 05:08:42 PM
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period
June 17, 1996 through July 14, 1996: 5.49609%
-----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:________________________
Name: Marguerite M. Boylan
Title: Vice President
1995-E C-9 05:08:42 PM
CLASS A CUSIP 55262T AU7 EXHIBIT C
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 JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the Trust during the related Monthly Period 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
-----------------
1995-F C-1 10:58:51 AM
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. . . . . . . . . $ 5.119478
-----------------
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 . . . . . . . . . $ 47,449,891.59
-----------------
(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 . . . . . . . . . $ 1,955,352.76
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 2,737,494.42
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1995-F C-2 10:58:51 AM
(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 of:
July 1, 1996 through July 31, 1996 2.95%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.910000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.037500
----------
1995-F C-3 10:58:51 AM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.052500
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 1,826,639.29
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 1,662,241.74
-----------------
1995-F C-4 10:58:51 AM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 68,498.98
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 95,898.57
-----------------
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 . . . . . . . $ 0.00
-----------------
(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
-----------------
1995-F C-5 10:58:51 AM
(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
-----------------
1995-F C-6 10:58:51 AM
(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
Funding Investment Proceeds and amounts,
if any, withdrawn from the Reserve
Account allocated in respect of the
Class A Certificates. . . . . . . . . . . $ 6,394,682.95
-----------------
(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 . . . . . . . . .. . . . . . $ 263,517.16
-----------------
(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. . . . . . . . . . . . . . . . . $ 368,924.14
-----------------
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
-----------------
1995-F C-7 10:58:51 AM
(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
-----------------
10. Reserve Draw Amount . . . . . . . . . . . . . .$ 0.00
------------------------ -----------------
11. Swap Cash Flows
-------------------
(a) The amount of the Net Swap Receipt for
the related Transfer Date . . . . . . . .$ 329,141.40
-----------------
(b) The amount of the Net Swap Payment for
the related Transfer Date . . . . . . . .$ 0.00
-----------------
12. Available Funds
-------------------
(a) The amount of Class A Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 6,110,307.95
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 251,798.41
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 352,517.89
-----------------
1995-F C-8 10:58:51 AM
13. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield for the related
Monthly Period . . . . . . . . . . . . . . . 3.68%
-------
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period
Collateral Interest Determination
July 15, 1996 through August 14, 1996: 5.49609%
-----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:________________________
Name: Marguerite M. Boylan
Title: Vice President
1995-F C-9 10:58:51 AM
CLASS A CUSIP 55262T AW3 EXHIBIT C
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 JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the Trust during the related Monthly Period 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 . . . . . . . . . . $ 4.879133
-----------------
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
-----------------
1995-I C-1 05:49:34 PM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 4.965244
-----------------
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. . . . . . . . . $ 5.098716
-----------------
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 . . . . . . . . . $ 68,046,272.96
-----------------
(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 . . . . . . . . . $ 3,519,634.40
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 6,648,199.69
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1995-I C-2 05:49:34 PM
(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 of:
July 1, 1996 through July 31, 1996 4.42%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.870000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.045000
----------
1995-I C-3 05:49:34 PM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.085000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 2,739,958.95
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 2,383,764.29
-----------------
1995-I C-4 05:49:34 PM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 123,298.15
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 232,896.51
-----------------
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
-----------------
1995-I C-5 05:49:34 PM
(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
-----------------
1995-I C-6 05:49:34 PM
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
Funding Investment Proceeds and amounts,
if any, withdrawn from the Reserve
Account allocated in respect of the
Class A Certificates. . . . . . . . . . . $ 9,170,396.89
-----------------
(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 . . . . . . . . .. . . . . . $ 474,330.95
-----------------
(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. . . . . . . . . . . . . . . . . $ 895,958.51
-----------------
9. Principal Funding Account
-----------------------------
(a) The principal amount on deposit in
the Principal Funding Account on
the related Transfer Date . . .. . . . . . $ 0.00
1995-I C-7 05:49:34 PM -----------------
(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
-----------------
10. Reserve Draw Amount . . . . . . . . . . . . . .$ 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 . . . . . . . $ 8,762,584.39
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 453,237.20
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 856,114.76
-----------------
12. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield for the related
Monthly Period . . . . . . . . . . . . . . . 4.46%
-------
1995-I C-8 05:49:34 PM
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period
July 15, 1996 through August 14, 1996: 5.49609%
-----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:________________________
Name: Marguerite M. Boylan
Title: Vice President
1995-I C-9 05:49:34 PM
CLASS A CUSIP 55262T AY9 EXHIBIT C
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 JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the Trust during the related Monthly Period 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 . . . . . . . . . . $ 4.930800
-----------------
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
-----------------
1995-J C-1 04:44:47 PM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 5.034133
-----------------
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. . . . . . . . . $ 5.249411
-----------------
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 . . . . . . . . . $ 45,364,182.49
-----------------
(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 . . . . . . . . . $ 2,346,423.57
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 4,432,132.57
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1995-J C-2 04:44:48 PM
(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 of:
July 1, 1996 through July 31, 1996 2.95%
----------
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.870000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.045000
----------
1995-J C-3 04:44:48 PM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.085000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 1,826,639.33
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 1,589,176.23
-----------------
1995-J C-4 04:44:48 PM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 82,198.77
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 155,264.33
-----------------
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
-----------------
1995-J C-5 04:44:48 PM
(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
-----------------
1995-J C-6 04:44:48 PM
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. 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 allocated in respect of the
Class A Certificates. . . . . . . . . . . $ 6,113,598.10
-----------------
(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 . . . . . . . . .. . . . . . $ 316,220.62
-----------------
(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. . . . . . . . . . . . . . . . . $ 597,305.52
-----------------
9. Principal Funding Account
-----------------------------
(a) The principal amount on deposit in
the Principal Funding Account on
the related Transfer Date . . .. . . . . . $ 0.00
1995-J C-7 04:44:48 PM -----------------
(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
-----------------
10. Reserve Draw Amount . . . . . . . . . . . . . .$ 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 . . . . . . . $ 5,841,723.10
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 302,158.12
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 570,743.02
-----------------
12. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield for the related
Monthly Period . . . . . . . . . . . . . . . 4.38%
-------
1995-J C-8 04:44:48 PM
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period
July 15, 1996 through August 14, 1996: 5.49609%
-----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:_________________________
Name: Marguerite M. Boylan
Title: Vice President
1995-J C-9 04:44:48 PM
CLASS A CUSIP 55262T BA0 EXHIBIT C
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 JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the Trust during the related Monthly Period 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 . . . . . . . . . . $ 4.913578
-----------------
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
-----------------
1996-A C-1 05:47:06 PM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 5.025522
-----------------
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. . . . . . . . . $ 5.137466
-----------------
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 . . . . . . . . . $ 63,509,855.21
-----------------
(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 . . . . . . . . . $ 3,284,992.96
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 6,204,986.45
-----------------
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 related Monthly Period . . . . . . . . $17,148,865,196.73
-----------------
1996-A C-2 05:47:06 PM
(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 of:
July 1, 1996 through July 31, 1996 4.12%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.870000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.045000
----------
1996-A C-3 05:47:06 PM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.085000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 2,557,295.06
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 2,224,846.69
-----------------
1996-A C-4 05:47:06 PM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 115,078.28
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 217,370.09
-----------------
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
-----------------
1996-A C-5 05:47:06 PM
(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
-----------------
1996-A C-6 05:47:06 PM
(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. 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 allocated in respect of the
Class A Certificates. . . . . . . . . . . $ 8,559,037.16
-----------------
(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 . . . . . . . . .. . . . . . $ 442,708.91
-----------------
(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. . . . . . . . . . . . . . . . . $ 836,227.73
-----------------
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
-----------------
1996-A C-7 05:47:06 PM
(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
-----------------
10. Reserve Draw Amount . . . . . . . . . . . . . .$ 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 . . . . . . . $ 8,178,412.16
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 423,021.41
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 799,040.23
-----------------
12. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield for the related
Monthly Period . . . . . . . . . . . . . . . 4.42%
-------
1996-A C-8 05:47:06 PM
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period
July 15, 1996 through August 14, 1996: 5.49609%
----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:________________________
Name: Marguerite M. Boylan
Title: Vice President
1996-A C-9 05:47:06 PM
CLASS A CUSIP 55262T BC6 EXHIBIT C
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 JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the Trust during the related Monthly Period 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 . . . . . . . . . . $ 4.956633
-----------------
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
-----------------
1996-B C-1 04:22:41 PM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 5.051355
-----------------
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. . . . . . . . . $ 5.352744
-----------------
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 . . . . . . . . . $ 45,364,182.49
-----------------
(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 . . . . . . . . . $ 2,346,423.57
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 4,432,132.57
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1996-B C-2 04:22:41 PM
(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 of:
July 1, 1996 through July 31, 1996 2.95%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.870000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.045000
----------
1996-B C-3 04:22:41 PM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.085000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 1,826,639.33
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 1,589,176.23
-----------------
1996-B C-4 04:22:41 PM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 82,198.77
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 155,264.33
-----------------
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
-----------------
1996-B C-5 04:22:41 PM
(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
-----------------
1996-B C-6 04:22:41 PM
(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. 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 allocated in respect of the
Class A Certificates. . . . . . . . . . . $ 6,113,598.10
-----------------
(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 . . . . . . . . .. . . . . . $ 316,220.62
-----------------
(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. . . . . . . . . . . . . . . . . $ 597,305.52
-----------------
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
-----------------
1996-B C-7 04:22:41 PM
(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
-----------------
10. Reserve Draw Amount . . . . . . . . . . . . . .$ 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 . . . . . . . $ 5,841,723.10
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 302,158.12
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 570,743.02
-----------------
12. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield for the related
Monthly Period . . . . . . . . . . . . . . . 4.35%
-------
1996-B C-8 04:22:41 PM
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period
July 15, 1996 through August 14, 1996: 5.49609%
-----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:________________________
Name: Marguerite M. Boylan
Title: Vice President
1996-B C-9 04:22:41 PM
CLASS A CUSIP 55262T BE2 EXHIBIT C
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 JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the Trust during the related Monthly Period 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 . . . . . . . . . . $ 4.853300
-----------------
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
-----------------
1996-C C-1 08:51:29 AM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 4.973855
-----------------
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. . . . . . . . . $ 5.184828
-----------------
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 . . . . . . . . . $ 45,364,182.49
-----------------
(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 . . . . . . . . . $ 2,346,423.57
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 4,432,132.57
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1996-C C-2 08:51:29 AM
(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 of:
July 1, 1996 through July 31, 1996 2.95%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.870000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.045000
----------
1996-C C-3 08:51:29 AM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.085000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 1,826,639.33
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 1,589,176.23
-----------------
1996-C C-4 08:51:29 AM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 82,198.77
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 155,264.33
-----------------
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
-----------------
1996-C C-5 08:51:29 AM
(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
-----------------
1996-C C-6 08:51:29 AM
(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. 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 allocated in respect of the
Class A Certificates. . . . . . . . . . . $ 6,113,598.10
-----------------
(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 . . . . . . . . .. . . . . . $ 316,220.62
-----------------
(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. . . . . . . . . . . . . . . . . $ 597,305.52
-----------------
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
-----------------
1996-C C-7 08:51:29 AM
(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
-----------------
10. Reserve Draw Amount . . . . . . . . . . . . . .$ 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 . . . . . . . $ 5,841,723.10
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 302,158.12
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 570,743.02
-----------------
12. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield for the related
Monthly Period . . . . . . . . . . . . . . . 4.48%
-------
1996-C C-8 08:51:29 AM
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period
July 15, 1996 through August 14, 1996: 5.49609%
-----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:__________________________
Name: Marguerite M. Boylan
Title: Vice President
1996-C C-9 08:51:29 AM
CLASS A CUSIP 55262T BG7 EXHIBIT C
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 JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the Trust during the related Monthly Period 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 . . . . . . . . . . $ 4.861911
-----------------
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
-----------------
1996-D C-1 02:16:11 PM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 4.982466
-----------------
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. . . . . . . . . $ 5.120244
-----------------
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 . . . . . . . . . $ 88,642,654.25
-----------------
(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 . . . . . . . . . $ 7,821,410.70
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 7,821,410.70
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1996-D C-2 02:16:11 PM
(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 of:
July 1, 1996 through July 31, 1996 5.89%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.850000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.075000
----------
1996-D C-3 02:16:11 PM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.075000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 3,653,278.54
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 3,105,286.76
-----------------
1996-D C-4 02:16:11 PM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 273,995.89
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 273,995.89
-----------------
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
-----------------
1996-D C-5 02:16:11 PM
(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
-----------------
1996-D C-6 02:16:11 PM
(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. 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 which were allocated in respect
of the Class A Certificates. .. . . . . . $ 11,946,110.91
-----------------
(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 . . . . . . . . .. . . . . . $ 1,054,068.66
-----------------
(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. . . . . . . . . . . . . . . . . $ 1,054,068.66
-----------------
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
-----------------
1996-D C-7 02:16:11 PM
(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
-----------------
10. Reserve Draw Amount . . . . . . . . . . . . . .$ 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 . . . . . . . $ 11,414,860.91
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 1,007,193.66
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 1,007,193.66
-----------------
12. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield for the related
Monthly Period . . . . . . . . . . . . . . . 3.65%
-------
1996-D C-8 02:16:11 PM
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period
July 15, 1996 through August 14, 1996: 5.49609%
-----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:________________________
Name: Marguerite M. Boylan
Title: Vice President
1996-D C-9 02:16:11 PM
CLASS A CUSIP 55262T BJ1 EXHIBIT C
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 JULY 31, 1996
____________________________________________
The information which is required to be prepared with respect to
the Distribution Date of August 15, 1996, and with respect to the
performance of the Trust during the related Monthly Period 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 . . . . . . . . . . $ 4.879133
-----------------
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
-----------------
1996-E C-1 11:22:12 AM
7. The amount of distribution in respect
of Class B Monthly Interest . . . . . . . . . . $ 4.999689
-----------------
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. . . . . . . . . $ 5.216919
-----------------
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 . . . . . . . . . $ 66,481,991.10
-----------------
(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 . . . . . . . . . $ 5,866,058.06
-----------------
(c) The aggregate amount of Collections
of Principal Receivables processed
during the related Monthly Period
which were allocated in respect of
the Collateral Interest. . . . . . . . . . $ 5,866,058.06
-----------------
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 . . . . . . . . $17,148,865,196.73
-----------------
1996-E C-2 11:22:12 AM
(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 of:
July 1, 1996 through July 31, 1996 4.42%
(i) The Class A Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.850000
----------
(j) The Class B Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.075000
----------
1996-E C-3 11:22:12 AM
(k) The Collateral Floating Allocation
with respect to the related Monthly
Period . . . . . . . . . . . . . . . . . . . 0.075000
----------
(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) 35 - 64 days: . . . . . . . . . 1.76% 306,656,480.15
------- -----------------
(b) 65 - 94 days: . . . . . . . . . 0.79% 136,788,620.41
------- -----------------
(c) 95 - 124 days: . . . . . . . . 0.56% 98,064,333.55
------- -----------------
(d) 125 - 154 days: . . . . . . . 0.42% 72,626,564.85
------- -----------------
(e) 155 or more days: . . . . . . . 0.67% 118,000,062.76
------ -----------------
Total 4.20% 732,136,061.72
------ -----------------
4. Investor Default Amount
---------------------------
(a) The Aggregate Investor Default Amount
for the related Monthly Period . . . . . . $ 2,739,958.94
-----------------
(b) The Class A Investor Default Amount
for the related Monthly Period . . . . . . $ 2,328,965.12
-----------------
1996-E C-4 11:22:12 AM
(c) The Class B Investor Default Amount
for the related Monthly Period . . . . . . $ 205,496.91
-----------------
(d) The Collateral Default Amount for
the related Monthly Period . . . . . . . . $ 205,496.91
-----------------
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
-----------------
1996-E C-5 11:22:12 AM
(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
-----------------
1996-E C-6 11:22:12 AM
(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. 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 which were allocated in respect
of the Class A Certificates. .. . . . . . $ 8,959,583.25
-----------------
(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 . . . . . . . . .. . . . . . $ 790,551.47
-----------------
(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. . . . . . . . . . . . . . . . . $ 790,551.47
-----------------
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
-----------------
1996-E C-7 11:22:12 AM
(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
-----------------
10. Reserve Draw Amount . . . . . . . . . . . . . .$ 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 . . . . . . . $ 8,561,145.75
-----------------
(b) The amount of Class B Available Funds
on deposit in the Finance Charge Account
on the related Transfer Date . . . . . . . $ 755,395.22
-----------------
(c) The amount of Collateral Available
Funds on deposit in the Finance Charge
Account on the related Transfer Date . . . $ 755,395.22
-----------------
12. Portfolio Yield
--------------------
(a) The Portfolio Yield for the related
Monthly Period . . . . . . . . . . . . . . . 12.48%
-------
(b) The Portfolio Adjusted Yield for the related
Monthly Period . . . . . . . . . . . . . . . N/A
-------
1996-E C-8 11:22:12 AM
C. Floating Rate Determinations
----------------------------
LIBOR for the Interest Period
July 15, 1996 through August 14, 1996: 5.49609%
-----------
MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Servicer
By:________________________
Name: Marguerite M. Boylan
Title: Vice President
1996-E C-9 11:22:12 AM
10:57:23 AM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 94-A
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 9/15/99
Blended Coupon 5.7110%
Excess Protection Level
3 Month Average 4.94%
July, 1996 4.58%
June, 1996 5.41%
May, 1996 4.83%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 7.90%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $760,000,000.00
Seller Participation Amount $2,960,990,196.73
10:25:54 AM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1994-B
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 9/15/99
Blended Coupon 5.68662%
Excess Protection Level
3 Month Average 4.97%
July, 1996 4.61%
June, 1996 5.45%
May, 1996 4.85%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 7.88%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $1,000,000,000.00
Seller Participation Amount $2,960,990,196.73
11:17:34 AM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 11/15/01
Blended Coupon 5.7948%
Excess Protection Level
3 Month Average 4.85%
July, 1996 4.49%
June, 1996 5.33%
May, 1996 4.73%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 7.99%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $1,000,000,000.00
Seller Participation Amount $2,960,990,196.73
03:08:39 PM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1994-D
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 11/17/97
Blended Coupon 5.75958%
Excess Protection Level
3 Month Average 4.92%
July, 1996 4.53%
June, 1996 5.38%
May, 1996 4.84%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 7.95%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $1,000,000,000.00
Seller Participation Amount $2,960,990,196.73
01:58:32 PM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-A
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 09/15/04
Blended Coupon 5.8124%
Excess Protection Level
3 Month Average 4.84%
July, 1996 4.47%
June, 1996 5.32%
May, 1996 4.72%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 8.01%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $575,000,000.00
Seller Participation Amount $2,960,990,196.73
03:14:43 PM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-B
KEY PERFORMANCE FACTORS
July, 1996
Expected B Maturity 06/15/00
Blended Coupon 5.6925%
Excess Protection Level
3 Month Average 4.96%
July, 1996 4.60%
June, 1996 5.43%
May, 1996 4.85%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 7.88%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $750,000,000.00
Seller Participation Amount $2,960,990,196.73
11:12:15 AM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-C
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 7/15/05
Blended Coupon 6.2251%
Excess Protection Level
3 Month Average 4.91%
July, 1996 4.55%
June, 1996 5.38%
May, 1996 4.79%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 7.94%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $575,000,000.00
Seller Participation Amount $2,960,990,196.73
02:42:55 PM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-D
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 7/17/00
Blended Coupon 5.8655%
Excess Protection Level
3 Month Average 5.04%
July, 1996 4.68%
June, 1996 5.50%
May, 1996 4.94%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 7.80%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $500,000,000.00
Seller Participation Amount $2,960,990,196.73
05:08:41 PM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-E
KEY PERFORMANCE FACTORS
JUNE, 1996
Expected B Maturity 09/16/02
Blended Coupon 5.7546%
Excess Protection Level
3 Month Average 5.05%
June, 1996 5.37%
May, 1996 4.78%
April, 1996 5.01%
Cash Yield 16.85%
Investor Charge Offs 4.11%
Base Rate 7.37%
Over 35 Day Delinquency 3.97%
Seller's Interest 19.37%
Total Payment Rate 10.78%
Total Principal Balance $16,975,561,627.28
Investor Participation Amount $500,000,000.00
Seller Participation Amount $3,287,686,627.28
10:58:51 AM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-F
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 09/15/00
Blended Coupon 6.3693%
Excess Protection Level
3 Month Average 4.18%
July, 1996 3.90%
June, 1996 4.19%
May, 1996 4.44%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 8.58%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $500,000,000.00
Seller Participation Amount $2,960,990,196.73
05:49:34 PM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-I
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 11/15/00
Blended Coupon 5.6923%
Excess Protection Level
3 Month Average 4.96%
July, 1996 4.60%
June, 1996 5.43%
May, 1996 4.85%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 7.88%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $750,000,000.00
Seller Participation Amount $2,960,990,196.73
04:44:47 PM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1995-J
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 12/16/02
Blended Coupon 5.7629%
Excess Protection Level
3 Month Average 4.89%
July, 1996 4.53%
June, 1996 5.36%
May, 1996 4.77%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 7.96%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $500,000,000.00
Seller Participation Amount $2,960,990,196.73
05:47:06 PM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1996-A
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 03/17/03
Blended Coupon 5.7340%
Excess Protection Level
3 Month Average 4.91%
July, 1996 4.56%
June, 1996 5.39%
May, 1996 4.80%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 7.93%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $700,000,000.00
Seller Participation Amount $2,960,990,196.73
04:22:41 PM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1996-B
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 04/17/06
Blended Coupon 5.8001%
Excess Protection Level
3 Month Average 4.85%
July, 1996 4.49%
June, 1996 5.33%
May, 1996 4.73%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 7.99%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $500,000,000.00
Seller Participation Amount $2,960,990,196.73
08:51:29 AM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1996-C
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 04/16/01
Blended Coupon 5.6751%
Excess Protection Level
3 Month Average 4.98%
July, 1996 4.62%
June, 1996 5.44%
May, 1996 4.87%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 7.86%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $500,000,000.00
Seller Participation Amount $2,960,990,196.73
02:16:11 PM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1996-D
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 05/15/01
Blended Coupon 5.6791%
Excess Protection Level
3 Month Average 4.15%
July, 1996 4.61%
June, 1996 5.44%
May, 1996 2.40%
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 7.87%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $1,000,000,000.00
Seller Participation Amount $2,960,990,196.73
11:22:12 AM EXHIBIT 99.1
MBNA MASTER CREDIT CARD TRUST II SERIES 1996-E
KEY PERFORMANCE FACTORS
JULY, 1996
Expected B Maturity 06/16/03
Blended Coupon 5.7060%
Excess Protection Level
3 Month Average 3.79%
July, 1996 4.58%
June, 1996 2.99%
May, 1996 N/A
Cash Yield 16.87%
Investor Charge Offs 4.38%
Base Rate 7.90%
Over 35 Day Delinquency 4.20%
Seller's Interest 17.27%
Total Payment Rate 11.54%
Total Principal Balance $17,148,865,196.73
Investor Participation Amount $750,000,000.00
Seller Participation Amount $2,960,990,196.73
