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)        August 14, 1996
                                                    -------------------------
                                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 August 14, 1996, MBNA America Bank, N.A. ("MBNA America"), a wholly
owned subsidiary of MBNA Corporation, completed the securitization of
approximately $1.2 billion 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 1996-H.  The transaction had
two classes of publicly traded securities (Class A and Class B) and a separate
class of privately placed collateral invested amounts.

     Series 1996-H consists of $1.02 billion Class A (senior) floating rate
asset backed certificates and $90.0 million Class B (subordinate) floating
rate asset backed certificates.  The 5.0 year Class A certificates accrue
interest at 10 basis points over the three month London Interbank Offered Rate
(LIBOR).  The 5.1 year Class B certificates accrue interest at 27 basis points
over the three month LIBOR.  Both the Class A and Class B certificates were
priced at par.  The privately placed class of floating rate asset backed
certificates were issued in the amount of $90.0 million and are subordinate to
the Class A and Class B asset backed certificates.  MBNA America retained
ownership of the credit card accounts which generated the receivables and will
act as servicing agent for Series 1996-H.
<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:  August 14, 1996                         By:   /s/ M. Scot Kaufman
                                                   ---------------------------
                                                         M. Scot Kaufman
                                                    Executive Vice President
                                                   and Chief Financial Officer
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3562}]
{"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": "96613533"}, "business-address": {"street1": "400 CHRISTIANA RD", "street2": "C/O MBNA AMERICA BANK NA", "city": "NEWARK", "state": "DE", "zip": "19713", "phone": "3024539930"}, "mail-address": {"street1": "400 CHRISTIANA ROAD", "city": "NEWARK", "state": "DE", "zip": "19713"}}
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)        August 14, 1996
                                                    -------------------------
                                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 August 14, 1996, MBNA America Bank, N.A. ("MBNA America"), a wholly
owned subsidiary of MBNA Corporation, completed the securitization of
approximately $1.2 billion 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 1996-H.  The transaction had
two classes of publicly traded securities (Class A and Class B) and a separate
class of privately placed collateral invested amounts.

     Series 1996-H consists of $1.02 billion Class A (senior) floating rate
asset backed certificates and $90.0 million Class B (subordinate) floating
rate asset backed certificates.  The 5.0 year Class A certificates accrue
interest at 10 basis points over the three month London Interbank Offered Rate
(LIBOR).  The 5.1 year Class B certificates accrue interest at 27 basis points
over the three month LIBOR.  Both the Class A and Class B certificates were
priced at par.  The privately placed class of floating rate asset backed
certificates were issued in the amount of $90.0 million and are subordinate to
the Class A and Class B asset backed certificates.  MBNA America retained
ownership of the credit card accounts which generated the receivables and will
act as servicing agent for Series 1996-H.
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:  August 14, 1996                         By:   /s/ M. Scot Kaufman
                                                   ---------------------------
                                                         M. Scot Kaufman
                                                    Executive Vice President
                                                   and Chief Financial Officer