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 8, 2000
                                                    -------------------------
                                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 8, 2000, MBNA America Bank, N.A. ("MBNA America"), a wholly
owned subsidiary of MBNA Corporation, completed the securitization of $750.0
million of five-year credit card asset backed securities.  MBNA America
transferred credit card receivables to MBNA Master Credit Card Trust II which
issued Series 2000-A.  The transaction had two classes of publicly traded
securities (Class A and Class B), and a separate, privately placed, collateral
interest.

     Series 2000-A consists of $637.5 million Class A (senior) fixed rate
asset backed certificates and $56.25 million Class B (subordinate) fixed rate
asset backed certificates.  The privately placed collateral interest was
issued in the amount of $56.25 million and is subordinate to the Class A and
Class B asset backed certificates.  The five-year 7.35% Class A certificates
were priced at 99.977320% to yield 7.469% or 84.5 basis points above the five-
year Treasury note.  The five-year 7.55% Class B certificates were priced at
99.962624% to yield 7.679% or 105.5 basis points above the five-year Treasury
note. MBNA America retained ownership of the credit card accounts which
generated the receivables and will act as servicing agent for Series 2000-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 8, 2000                       By:  /s/     M. Scot Kaufman
                                               -------------------------------
                                                       M. Scot Kaufman
                                               Senior Executive Vice President
                                                 and Chief Financial Officer
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3452}]
{"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": "563600"}, "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)     March 8, 2000
                                                    -------------------------
                                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 8, 2000, MBNA America Bank, N.A. ("MBNA America"), a wholly
owned subsidiary of MBNA Corporation, completed the securitization of $750.0
million of five-year credit card asset backed securities.  MBNA America
transferred credit card receivables to MBNA Master Credit Card Trust II which
issued Series 2000-A.  The transaction had two classes of publicly traded
securities (Class A and Class B), and a separate, privately placed, collateral
interest.

     Series 2000-A consists of $637.5 million Class A (senior) fixed rate
asset backed certificates and $56.25 million Class B (subordinate) fixed rate
asset backed certificates.  The privately placed collateral interest was
issued in the amount of $56.25 million and is subordinate to the Class A and
Class B asset backed certificates.  The five-year 7.35% Class A certificates
were priced at 99.977320% to yield 7.469% or 84.5 basis points above the five-
year Treasury note.  The five-year 7.55% Class B certificates were priced at
99.962624% to yield 7.679% or 105.5 basis points above the five-year Treasury
note. MBNA America retained ownership of the credit card accounts which
generated the receivables and will act as servicing agent for Series 2000-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 8, 2000                       By:  /s/     M. Scot Kaufman
                                               -------------------------------
                                                       M. Scot Kaufman
                                               Senior Executive Vice President
                                                 and Chief Financial Officer