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)     June 27, 2002
                                                    -------------------------
                                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 June 27, 2002, MBNA Europe Bank Limited, a wholly owned foreign bank
subsidiary of MBNA America Bank, N.A., located in the United Kingdom, completed
the securitization of EUR775.5 million of credit card asset-backed securities
issued through Chester Asset Receivables Dealings 2002-A PLC (CARDS trademark).
MBNA America Bank, N.A. is a wholly owned subsidiary of MBNA Corporation.

The transaction had three publicly traded securities, EUR682.0 million Class A
(senior) floating-rate asset-backed securities, EUR39.0 million Class B
(subordinate) floating-rate asset-backed securities and EUR54.5 million Class C
(subordinate) floating-rate asset-backed securities.  The Class A floating-rate
asset-backed securities were indexed at 18 basis points over the three-month
Euro Interbank Offered Rate ("EURIBOR"), and were priced at par. The Class B
floating-rate asset-backed securities were indexed at 55 basis points over the
three-month EURIBOR, and were priced at par. The Class C floating-rate asset-
backed securities were indexed at 125 basis points over the three-month
EURIBOR, and were priced at par. The securities have an expected maturity of 7
years.  Interest on the Class A securities, Class B securities and Class C
securities will be paid quarterly.

The securities are governed by English law and are expected to be listed
on the London Stock Exchange.

































                                   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:  June 27, 2002                       By: /s/      M. Scot Kaufman
                                               -------------------------------
                                                        M. Scot Kaufman
                                               Senior Executive Vice President
                                                 and Chief Financial Officer
[{"type": "8-K", "sequence": "1", "filename": "june27sec.txt", "description": "CARDS 2002-A", "secsgml_size_bytes": 3627}]
{"company-data": {"conformed-name": "MBNA CORP", "cik": "0000870517", "assigned-sic": "6021", "irs-number": "521713008", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10683", "film-number": "02689032"}, "business-address": {"street1": "1100 N KING ST", "street2": "C/O MBNA AMERICA BANK NA", "city": "WILMINGTON", "state": "DE", "zip": "19884", "phone": "8003626255"}, "mail-address": {"street1": "1100 NORTH KING STREET", "city": "WILMINGTON", "state": "DE", "zip": "19884"}}
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)     June 27, 2002
                                                    -------------------------
                                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 June 27, 2002, MBNA Europe Bank Limited, a wholly owned foreign bank
subsidiary of MBNA America Bank, N.A., located in the United Kingdom, completed
the securitization of EUR775.5 million of credit card asset-backed securities
issued through Chester Asset Receivables Dealings 2002-A PLC (CARDS trademark).
MBNA America Bank, N.A. is a wholly owned subsidiary of MBNA Corporation.

The transaction had three publicly traded securities, EUR682.0 million Class A
(senior) floating-rate asset-backed securities, EUR39.0 million Class B
(subordinate) floating-rate asset-backed securities and EUR54.5 million Class C
(subordinate) floating-rate asset-backed securities.  The Class A floating-rate
asset-backed securities were indexed at 18 basis points over the three-month
Euro Interbank Offered Rate ("EURIBOR"), and were priced at par. The Class B
floating-rate asset-backed securities were indexed at 55 basis points over the
three-month EURIBOR, and were priced at par. The Class C floating-rate asset-
backed securities were indexed at 125 basis points over the three-month
EURIBOR, and were priced at par. The securities have an expected maturity of 7
years.  Interest on the Class A securities, Class B securities and Class C
securities will be paid quarterly.

The securities are governed by English law and are expected to be listed
on the London Stock Exchange.

                                   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:  June 27, 2002                       By: /s/      M. Scot Kaufman
                                               -------------------------------
                                                        M. Scot Kaufman
                                               Senior Executive Vice President
                                                 and Chief Financial Officer