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 31, 2003
                                                    ------------------------
                                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                             19884-0141
   -------------------------------------------------------------------------
   (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 31, 2003, MBNA Corporation ("the Corporation") announced that
Vernon H.C. Wright has been appointed Chief Financial Officer of the
Corporation, succeeding M. Scot Kaufman, who has been named Chairman of the
Corporation's Finance and Loan Committee, and a member of the Corporation's
Executive Committee. Kenneth A. Vecchione remains Chief Financial Officer of
MBNA America Bank, N.A. ("the Bank"), the Corporation's primary subsidiary.
The appointments are effective March 31, 2003.

Mr. Wright has more than 30 years' experience in bank financial management. He
most recently served as Chief Corporate Finance Officer of the Corporation, and
continues as Executive Vice Chairman of the Bank, a member of the Corporation's
Executive Committee, and a member of the Finance and Loan Committee. Mr. Wright
has directed the Bank's finance areas, including accounting, tax, planning, and
both the domestic and overseas treasury groups, and has been responsible for
the Corporation's global capital markets and corporate finance activities.

Mr. Wright was one of the pioneers in the development of asset sales and
securitization for the banking industry, completing one of the first such
transactions in 1985. Since then, he has directed the securitization of more
than $125 billion of credit card assets, in the United States, Canada, and the
United Kingdom. Under his leadership, the Corporation has become one of the
world's largest issuers of structured products and a leading innovator of the
credit card asset-backed market, helping provide structural integrity and
consistency for the investor. Mr. Wright is a founder and chairman of the
American Securitization Forum, and a charter member of the European
Securitization Forum.

Mr. Kaufman, who joined the Bank in 1985, served as Chief Financial Officer of
the Corporation for the last 12 years, and was Chief Financial Officer of the
Bank until 2000. He has 30 years' experience in the financial services
industry. He will remain a member of the Bank's Executive Committee and will
oversee the Corporation's strategic financial matters. In his new role,
Mr. Kaufman will assume many of the financial oversight responsibilities of
Alfred Lerner.

Mr. Vecchione has 25 years' experience in the financial services industry. He
joined the Bank in 1998 as division head of finance, responsible for accounting
and tax, corporate and strategic planning, treasury and financial operations,
and financial planning. In 2000, he became Chief Financial Officer of the Bank,
the Corporation's primary bank subsidiary. He also oversees the Corporation's
asset and liability management and is a member of the Corporation's Finance and
Loan Committee. He previously was Chief Financial Officer of AT&T Universal
Card Services, and held senior positions at First Data Corporation and
Citicorp.










                                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 hereunto duly authorized.








                                                    MBNA CORPORATION


Date: April 1, 2003                     By: /s/     Vernon H.C. Wright
                                             -------------------------------
                                                    Vernon H.C. Wright
                                                  Chief Financial Officer
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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 31, 2003
                                                    ------------------------
                                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                             19884-0141
   -------------------------------------------------------------------------
   (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 31, 2003, MBNA Corporation ("the Corporation") announced that
Vernon H.C. Wright has been appointed Chief Financial Officer of the
Corporation, succeeding M. Scot Kaufman, who has been named Chairman of the
Corporation's Finance and Loan Committee, and a member of the Corporation's
Executive Committee. Kenneth A. Vecchione remains Chief Financial Officer of
MBNA America Bank, N.A. ("the Bank"), the Corporation's primary subsidiary.
The appointments are effective March 31, 2003.

Mr. Wright has more than 30 years' experience in bank financial management. He
most recently served as Chief Corporate Finance Officer of the Corporation, and
continues as Executive Vice Chairman of the Bank, a member of the Corporation's
Executive Committee, and a member of the Finance and Loan Committee. Mr. Wright
has directed the Bank's finance areas, including accounting, tax, planning, and
both the domestic and overseas treasury groups, and has been responsible for
the Corporation's global capital markets and corporate finance activities.

Mr. Wright was one of the pioneers in the development of asset sales and
securitization for the banking industry, completing one of the first such
transactions in 1985. Since then, he has directed the securitization of more
than $125 billion of credit card assets, in the United States, Canada, and the
United Kingdom. Under his leadership, the Corporation has become one of the
world's largest issuers of structured products and a leading innovator of the
credit card asset-backed market, helping provide structural integrity and
consistency for the investor. Mr. Wright is a founder and chairman of the
American Securitization Forum, and a charter member of the European
Securitization Forum.

Mr. Kaufman, who joined the Bank in 1985, served as Chief Financial Officer of
the Corporation for the last 12 years, and was Chief Financial Officer of the
Bank until 2000. He has 30 years' experience in the financial services
industry. He will remain a member of the Bank's Executive Committee and will
oversee the Corporation's strategic financial matters. In his new role,
Mr. Kaufman will assume many of the financial oversight responsibilities of
Alfred Lerner.

Mr. Vecchione has 25 years' experience in the financial services industry. He
joined the Bank in 1998 as division head of finance, responsible for accounting
and tax, corporate and strategic planning, treasury and financial operations,
and financial planning. In 2000, he became Chief Financial Officer of the Bank,
the Corporation's primary bank subsidiary. He also oversees the Corporation's
asset and liability management and is a member of the Corporation's Finance and
Loan Committee. He previously was Chief Financial Officer of AT&T Universal
Card Services, and held senior positions at First Data Corporation and
Citicorp.

                                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 hereunto duly authorized.

                                                    MBNA CORPORATION

Date: April 1, 2003                     By: /s/     Vernon H.C. Wright
                                             -------------------------------
                                                    Vernon H.C. Wright
                                                  Chief Financial Officer