UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549



                                   FORM 8-K

                                CURRENT REPORT


                    Pursuant to Section 13 or 15(d) of the
                       Securities Exchange Act of 1934




   Date of Report (Date of earliest event reported)    March 18, 1998
                                                    -------------------------
                                MBNA Corporation
   --------------------------------------------------------------------------
              (Exact name of registrant as specified in its charter)



           Maryland                    1-10683             52-1713008
   --------------------------------------------------------------------------
   (State or other jurisdiction     (Commission       (I.R.S. Employer
        of incorporation)           File Number)       Identification No.)



             Wilmington, Delaware                              19884
   --------------------------------------------------------------------------
   (Address of principal executive offices)                   (Zip Code)


   Registrant's telephone number, including area code     (800) 362-6255
                                                      -----------------------


   --------------------------------------------------------------------------
       (Former name or former address, if changed since last report.)
<PAGE>
Item 5.  Other Events


     On March 18, 1998, MBNA America Bank, N.A. ("MBNA America"), a wholly
owned subsidiary of MBNA Corporation, completed the securitization of $750.0
million of five-year, floating rate credit card asset backed securities.  MBNA
America transferred credit card receivables to MBNA Master Credit Card
Trust II which issued Series 1998-A.  The transaction had a class of publicly
traded securities (Class A), a class of privately placed securities (Class B),
and a separate, privately placed, collateral invested amount.

     Series 1998-A consists of $637.5 million Class A (senior) floating rate
asset backed certificates. The Class B (subordinate), privately placed,
floating rate asset backed certificates were issued in the amount of $56.25
million.  The privately placed, floating rate collateral invested amount was
issued in the amount of $56.25 million and is subordinate to the Class A and
Class B asset backed certificates. The 5.0 year Class A certificates accrue
interest at 11 basis points over the one month London Interbank Offered Rate
(LIBOR) and were priced at par.  MBNA America retained ownership of the credit
card accounts which generated the receivables and will act as servicing agent
for Series 1998-A.
<PAGE>

                                   SIGNATURE

     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.








                                                       MBNA CORPORATION


Date: March 18, 1998                           By: /s/ M. Scot Kaufman
                                                  ---------------------------
                                                       M. Scot Kaufman
                                                   Executive Vice President
                                                  and Chief Financial Officer
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3464}]
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UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                   FORM 8-K

                                CURRENT REPORT

                    Pursuant to Section 13 or 15(d) of the
                       Securities Exchange Act of 1934

   Date of Report (Date of earliest event reported)    March 18, 1998
                                                    -------------------------
                                MBNA Corporation
   --------------------------------------------------------------------------
              (Exact name of registrant as specified in its charter)

           Maryland                    1-10683             52-1713008
   --------------------------------------------------------------------------
   (State or other jurisdiction     (Commission       (I.R.S. Employer
        of incorporation)           File Number)       Identification No.)

             Wilmington, Delaware                              19884
   --------------------------------------------------------------------------
   (Address of principal executive offices)                   (Zip Code)

   Registrant's telephone number, including area code     (800) 362-6255
                                                      -----------------------

   --------------------------------------------------------------------------
       (Former name or former address, if changed since last report.)
Item 5.  Other Events

     On March 18, 1998, MBNA America Bank, N.A. ("MBNA America"), a wholly
owned subsidiary of MBNA Corporation, completed the securitization of $750.0
million of five-year, floating rate credit card asset backed securities.  MBNA
America transferred credit card receivables to MBNA Master Credit Card
Trust II which issued Series 1998-A.  The transaction had a class of publicly
traded securities (Class A), a class of privately placed securities (Class B),
and a separate, privately placed, collateral invested amount.

     Series 1998-A consists of $637.5 million Class A (senior) floating rate
asset backed certificates. The Class B (subordinate), privately placed,
floating rate asset backed certificates were issued in the amount of $56.25
million.  The privately placed, floating rate collateral invested amount was
issued in the amount of $56.25 million and is subordinate to the Class A and
Class B asset backed certificates. The 5.0 year Class A certificates accrue
interest at 11 basis points over the one month London Interbank Offered Rate
(LIBOR) and were priced at par.  MBNA America retained ownership of the credit
card accounts which generated the receivables and will act as servicing agent
for Series 1998-A.
SIGNATURE

     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.

                                                       MBNA CORPORATION

Date: March 18, 1998                           By: /s/ M. Scot Kaufman
                                                  ---------------------------
                                                       M. Scot Kaufman
                                                   Executive Vice President
                                                  and Chief Financial Officer