8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20529

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) May 16, 2005


MBNA AMERICA BANK, NATIONAL ASSOCIATION
ON BEHALF OF THE
MBNA MASTER CREDIT CARD TRUST II
(Issuer of the Collateral Certificate)
AND THE
MBNA CREDIT CARD MASTER NOTE TRUST
(Issuer of the MBNAseries Class A, Class B, and Class C notes)
(Exact name of registrant as specified in its charter)

United States

333-104089

51-0331454
(State or other jurisdiction of
incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

Wilmington, DE

19884
(Address of principal executive office)

(Zip Code)

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

                        N/A
(Former name or address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing
obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):

[  ] Written communication pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR
240.14d-2(b))
[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR
240.13e-4(c))





Section 8 - Other Events.

ITEM 8.01.              Other Events.

May 16, 2005 is a Payment Date for each publicly-offered tranche of Notes
relating to the MBNASeries issued by MBNA Credit Card Master Note Trust.
Copies of the MBNASeries Noteholders' Statement
and the MBNASeries Schedule, each for the month ended April 30, 2005,
are included as Exhibitsto this Report under Exhibit 20.


Section 9 - Financial Statements and Exhibits

ITEM 9.01 (c). Exhibits.

The following are filed as Exhibits to this Report under Exhibit 20:

20.1  MBNASeries Noteholders' Statement for the month ended April 30, 2005

             20.2 MBNASeries Schedule to the Noteholders' Statement for the
month ended April 30, 2005..






                                                          SIGNATURES



      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.


Dated:     May 16, 2005


                                       MBNA AMERICA BANK, NATIONAL ASSOCIATION,
                                       as Servicer
                                       By:         /s/Marcie Copson-Hall
                                       ----------------------------------
                                       Name:   Marcie Copson-Hall



                                        Title:  Executive Vice President

EX-20

xhibit 20.1


MONTHLY SERIES CERTIFICATEHOLDERS' STATEMENT

SERIES 2001-D

MBNA AMERICA BANK, NATIONAL ASSOCIATION



MBNA MASTER CREDIT CARD TRUST II






MONTHLY PERIOD ENDING APRIL 30, 2005

___________________________________


The information which is required to be prepared with respect to the Transfer
Date of May 13, 2005 and with respect to the performance of the Issuer during
the related Monthly Period.

Capitalized terms used in this Statement have their respective meanings set
forth in the Pooling and Servicing Agreement.

A.Information Regarding the Current Monthly Distribution
1.	The amount of the current monthly
distribution which constitutes Available
Funds$619,139,474.63


2.	The amount of the current monthly distribution
which constitutes Available Investor Principal
Collections      See Addendum to Exhibit B

B.	Information Regarding the Performance of the Trust

1.Collection of Principal Receivables
(a)The aggregate amount of Collections of
Principal Receivables processed during the
related Monthly Period and allocated to
Series 2001-D$6,723,042,871.62

2.Collection of Finance Charge Receivables
(a)The aggregate amount of Collections of Finance
Charge Receivables processed during the
related Monthly Period and allocated to
Series 2001-D$561,292,442.87




3.Principal Receivables in the Trust
(a)The aggregate amount of Principal Receivables
in the Trust as of the end of the day on the
last day of the related Monthly
Period$67,175,780,382.47

(b)The amount of Principal Receivables in the
Trust represented by the Investor Interest
of Series 2001-D as of the end of the day on
the last day of the related Monthly
Period$40,992,415,000.00

(c)	The Floating Allocation Investor
Interest as of the end of the day on the
last day of the related Monthly
Period$40,992,415,000.00

(d)	The Principal Allocation Investor Interest
as of the end of the day on the last day
of the related Monthly
Period$40,992,415,000.00

(e)	The Floating Investor Percentage with respect
to the related Monthly Period
April 1, 2005  through  April 19, 200560.45%
April 20, 2005  through  April 26, 200561.90%
April 27, 2005  through  April 30, 200560.58%

(f)The Principal Investor Percentage with respect to
the Monthly Period
April 1, 2005  through  April 19, 200560.45%
April 20, 2005  through  April 26, 200561.90%
April 27, 2005  through  April 30, 200560.58%






4.  Delinquent Balances




      The aggregate amount of outstanding balances in the
    Accounts which were delinquent as of the end of the
    day on the last day of the related Monthly Period:




Aggregate
Account
Balance
Percentage
of Total
Receivables







(a)
 30 -  59 days:
$922,814,414.30
1.35%


(b)
 60 -  89 days:
$712,725,818.64
1.04%


(c)
 90 - 119 days:
$602,554,012.00
0.88%


(d)
120 - 149 days:
$554,593,400.26
0.81%


(e)
150 - or more days:
$553,404,432.67
0.80%


Total:
$3,346,092,077.87
4.88%
5.Investor Default Amount
(a)The Aggregate Investor Default Amount for the
related Monthly Period$181,987,414.02
6.Investor Servicing Fee
(a)The amount of the Investor Servicing Fee  payable by
the Trust to the Servicer for the
related Monthly Period$67,529,025.00
(b)The amount of the Net Servicing Fee
payable by the Trust to the Servicer
for the related Monthly
Period$42,205,640.63
(c)The amount of the Servicer Interchange
payable by the Trust to the Servicer
for the related Monthly
Period$25,323,384.37


IN WITNESS WHEREOF, the undersigned has duly executed this certificate this
9th day of May, 2005.



MBNA AMERICA BANK,
NATIONAL ASSOCIATION,
Serv  Marcie E. Copson-Hall
					  icer

  Name:  Marcie E. Copson-Hall
  Title: Executive Vice President



1

C-3

2001-D	A-1



C-1
2001-D
2001-D	A-1

EX-20

                        EXHIBIT C
                         SCHEDULE TO MONTHLY NOTEHOLDERS' STATEMENT

                        MBNAseries
                         MBNA CREDIT CARD MASTER NOTE TRUST


                        MONTHLY PERIOD ENDING April 30, 2005

                           Reference is made to the 2001-D Supplement (the "Series 2001-D" Supplement), dated as of May
                        24, 2001, between MBNA America Bank, National Association, a national banking association (the
                        "Bank"), as Seller and Servicer, and The Bank of New York, as Trustee, the Indenture (the
                        "Indenture"), dated as of May 24, 2001 and the Indenture Supplement (the "Indenture Supplement"),
                        dated as of May 24, 2001 , each between MBNA Credit Card Master Note Trust, as Issuer, and "The
                        Bank of New York, as Indenture Trustee.  Terms used herein and not defined herein have the
                        meanings ascribed to them in the 2001-D Supplement, the Indenture and the Indenture Supplement, as
                        applicable.




                           The following computations are prepared with respect to the Transfer Date of May 13, 2005 and
                        with respect to the performance of the Trust during the related Monthly Period.



                        A. Targeted deposits to Interest Funding sub-Accounts:


                        Targeted Deposit to     Actual Deposit to       Shortfall from          Interest Funding        Interest Funding
                        Interest Funding        Interest Funding        earlier Monthly         sub-account Balance     sub-Account
                        sub-Account for         sub-Account for         Periods                 prior to Withdrawals*   Earnings
                        applicable Monthly      applicable Monthly
                        Period                  Period


                        Class A:
                        Class A(2001-1)         $4,791,666.67           $4,791,666.67           $0.00                   $4,791,666.67           $0.00
                        Class A(2001-2)         $1,379,392.36           $1,379,392.36           $0.00                   $1,379,392.36           $0.00
                        Class A(2001-3)         $2,799,153.61           $2,799,153.61           $0.00                   $2,799,153.61           $0.00
                        Class A(2001-Emerald)   $11,983,207.61          $11,983,207.61          $0.00                   $119,744,751.58         $240,380.05
                        Class A(2001-5)         $1,362,170.14           $1,362,170.14           $0.00                   $1,362,170.14           $0.00
                        Class A(2002-1)         $4,125,000.00           $4,125,000.00           $0.00                   $4,125,000.00           $0.00
                        Class A(2002-2)         $1,639,936.25           $1,639,936.25           $0.00                   $5,089,457.34           $7,908.86
                        Class A(2002-3)         $2,062,630.21           $2,062,630.21           $0.00                   $2,062,630.21           $0.00
                        Class A(2002-4)         $2,638,229.17           $2,638,229.17           $0.00                   $2,638,229.17           $0.00
                        Class A(2002-5)         $2,023,880.21           $2,023,880.21           $0.00                   $2,023,880.21           $0.00
                        Class A(2002-6)         $2,437,500.00           $2,437,500.00           $0.00                   $2,437,500.00           $0.00
                        Class A(2002-7)         $1,338,119.09           $1,338,119.09           $0.00                   $1,338,119.09           $0.00
                        Class A(2002-8)         $1,133,439.22           $1,133,439.22           $0.00                   $1,133,439.22           $0.00
                        Class A(2002-9)         $1,947,351.97           $1,947,351.97           $0.00                   $1,947,351.97           $0.00
                        Class A(2002-10)        $2,664,062.50           $2,664,062.50           $0.00                   $2,664,062.50           $0.00
                        Class A(2002-11)        $1,368,893.24           $1,368,893.24           $0.00                   $1,368,893.24           $0.00
                        Class A(2002-12)        $3,892,760.42           $3,892,760.42           $0.00                   $3,892,760.42           $0.00
                        Class A(2002-13)        $1,327,725.69           $1,327,725.69           $0.00                   $1,327,725.69           $0.00
                        Class A(2003-1)         $1,375,000.00           $1,375,000.00           $0.00                   $1,375,000.00           $0.00
                        Class A(2003-2)         $2,586,562.50           $2,586,562.50           $0.00                   $2,586,562.50           $0.00
                        Class A(2003-3)         $1,985,130.21           $1,985,130.21           $0.00                   $1,985,130.21           $0.00
                        Class A(2003-4)         $2,049,713.54           $2,049,713.54           $0.00                   $2,049,713.54           $0.00
                        Class A(2003-5)         $1,524,201.58           $1,524,201.58           $0.00                   $1,524,201.58           $0.00
                        Class A(2003-6)         $1,145,833.33           $1,145,833.33           $0.00                   $1,145,833.33           $0.00
                        Class A(2003-7)         $1,435,416.67           $1,435,416.67           $0.00                   $1,435,416.67           $0.00
                        Class A(2003-8)         $2,030,338.54           $2,030,338.54           $0.00                   $2,030,338.54           $0.00
                        Class A(2003-9)         $2,788,223.96           $2,788,223.96           $0.00                   $2,788,223.96           $0.00
                        Class A(2003-10)        $1,383,697.92           $1,383,697.92           $0.00                   $1,383,697.92           $0.00
                        Class A(2003-11)        $1,520,833.33           $1,520,833.33           $0.00                   $1,520,833.33           $0.00
                        Class A(2003-12)        $1,319,114.58           $1,319,114.58           $0.00                   $1,319,114.58           $0.00
                        Class A(2004-2)         $1,603,604.17           $1,603,604.17           $0.00                   $1,603,604.17           $0.00
                        Class A(2004-1)         $2,039,653.40           $2,039,653.40           $0.00                   $2,039,653.40           $0.00
                        Class A(2004-3)         $1,937,177.08           $1,937,177.08           $0.00                   $1,937,177.08           $0.00
                        Class A(2004-4)         $3,429,084.38           $3,429,084.38           $0.00                   $3,429,084.38           $0.00
                        Class A(2004-5)         $2,440,206.90           $2,440,206.90           $0.00                   $7,573,055.88           $11,768.34
                        Class A(2004-6)         $1,332,031.25           $1,332,031.25           $0.00                   $1,332,031.25           $0.00
                        Class A(2004-7)         $2,366,656.25           $2,366,656.25           $0.00                   $2,366,656.25           $0.00
                        Class A(2004-8)         $1,336,336.81           $1,336,336.81           $0.00                   $1,336,336.81           $0.00
                        Class A(2004-9)         $1,699,012.79           $1,699,012.79           $0.00                   $1,699,012.79           $0.00
                        Class A(2004-10)        $1,306,197.92           $1,306,197.92           $0.00                   $1,306,197.92           $0.00
                        Class A(2005-1)         $962,500.00             $962,500.00             $0.00                   $962,500.00             $0.00
                        Class A Total:          $92,511,645.47          $92,511,645.47          $0.00                   $208,855,559.51         $260,057.25
                        Class B:
                        Class B(2001-1)         $716,605.90             $716,605.90             $0.00                   $716,605.90             $0.00
                        Class B(2001-2)         $713,376.74             $713,376.74             $0.00                   $713,376.74             $0.00
                        Class B(2001-3)         $446,109.38             $446,109.38             $0.00                   $446,109.38             $0.00
                        Class B(2002-1)         $1,072,916.67           $1,072,916.67           $0.00                   $1,072,916.67           $0.00
                        Class B(2002-2)         $717,682.29             $717,682.29             $0.00                   $717,682.29             $0.00
                        Class B(2002-3)         $721,987.85             $721,987.85             $0.00                   $721,987.85             $0.00
                        Class B(2002-4)         $594,812.50             $594,812.50             $0.00                   $594,812.50             $0.00
                        Class B(2003-1)         $584,479.17             $584,479.17             $0.00                   $584,479.17             $0.00
                        Class B(2003-2)         $575,868.06             $575,868.06             $0.00                   $575,868.06             $0.00
                        Class B(2003-3)         $573,284.72             $573,284.72             $0.00                   $573,284.72             $0.00
                        Class B(2003-5)         $429,317.71             $429,317.71             $0.00                   $429,317.71             $0.00
                        Class B(2003-4)         $1,000,363.27           $1,000,363.27           $0.00                   $2,138,707.67           $2,608.07
                        Class B(2004-1)         $1,297,916.67           $1,297,916.67           $0.00                   $1,297,916.67           $0.00
                        Class B(2004-2)         $431,901.04             $431,901.04             $0.00                   $431,901.04             $0.00
                        Class B Total:          $9,876,621.97           $9,876,621.97           $0.00                   $11,014,966.37          $2,608.07
                        Class C:
                        Class C(2001-1)         $861,918.40             $861,918.40             $0.00                   $861,918.40             $0.00
                        Class C(2001-2)         $353,378.47             $353,378.47             $0.00                   $353,378.47             $0.00
                        Class C(2001-3)         $2,183,333.33           $2,183,333.33           $0.00                   $2,183,333.33           $0.00
                        Class C(2001-4)         $861,918.40             $861,918.40             $0.00                   $861,918.40             $0.00
                        Class C(2001-5)         $539,109.37             $539,109.37             $0.00                   $539,109.37             $0.00
                        Class C(2002-1)         $1,416,666.67           $1,416,666.67           $0.00                   $1,416,666.67           $0.00
                        Class C(2002-2)         $336,156.25             $336,156.25             $0.00                   $336,156.25             $0.00
                        Class C(2002-3)         $741,201.39             $741,201.39             $0.00                   $741,201.39             $0.00
                        Class C(2002-4)         $357,684.03             $357,684.03             $0.00                   $357,684.03             $0.00
                        Class C(2002-5)         $337,500.00             $337,500.00             $0.00                   $337,500.00             $0.00
                        Class C(2002-6)         $213,286.46             $213,286.46             $0.00                   $213,286.46             $0.00
                        Class C(2002-7)         $279,166.67             $279,166.67             $0.00                   $279,166.67             $0.00
                        Class C(2003-1)         $801,479.17             $801,479.17             $0.00                   $801,479.17             $0.00
                        Class C(2003-2)         $392,128.47             $392,128.47             $0.00                   $392,128.47             $0.00
                        Class C(2003-3)         $648,551.22             $648,551.22             $0.00                   $648,551.22             $0.00
                        Class C(2003-4)         $1,240,204.95           $1,240,204.95           $0.00                   $3,848,911.89           $5,980.26
                        Class C(2003-5)         $355,961.81             $355,961.81             $0.00                   $355,961.81             $0.00
                        Class C(2003-6)         $889,904.51             $889,904.51             $0.00                   $889,904.51             $0.00
                        Class C(2003-7)         $370,600.69             $370,600.69             $0.00                   $370,600.69             $0.00
                        Class C(2004-1)         $643,034.72             $643,034.72             $0.00                   $643,034.72             $0.00
                        Class C(2004-2)         $912,589.41             $912,589.41             $0.00                   $912,589.41             $0.00
                        Class C Total:          $14,735,774.39          $14,735,774.39          $0.00                   $17,344,481.33          $5,980.26
                        Total:                  $117,124,041.83         $117,124,041.83         $0.00                   $237,215,007.21         $268,645.58

                        *  The Interest Funding Account Balance for Class A(2001-Emerald) reflects activity as of the end of the Monthly Period.



                        B. Interest to be paid on the corresponding Payment Date:*
                        Amount of interest to be
                        paid on corresponding
                        Interest Payment Date
                        CUSIP                   Interest Payment Date   Interest Rate
                        Number

                        Class A
                        Class A(2001-1)         55264TAC5               May 16, 2005            5.7500000%              $4,791,666.67
                        Class A(2001-2)         55264TAE1               May 16, 2005            3.2037500%              $1,379,392.36
                        Class A(2001-5)         55264TAM3               May 16, 2005            3.1637500%              $1,362,170.14
                        Class A(2002-1)         55264TAQ4               May 16, 2005            4.9500000%              $4,125,000.00
                        Class A(2002-2)         014467025               May 16, 2005            3.1025000%              $5,089,457.34
                        Class A(2002-3)         55264TAT8               May 16, 2005            3.1937500%              $2,062,630.21
                        Class A(2002-4)         55264TAU5               May 16, 2005            3.0637500%              $2,638,229.17
                        Class A(2002-5)         55264TAV3               May 16, 2005            3.1337500%              $2,023,880.21
                        Class A(2002-6)         55264TAZ4               May 16, 2005            3.9000000%              $2,437,500.00
                        Class A(2002-10)        55264TBF7               May 16, 2005            3.0937500%              $2,664,062.50
                        Class A(2002-12)        55264TBK6               May 16, 2005            3.0137500%              $3,892,760.42
                        Class A(2002-13)        55264TBL4               May 16, 2005            3.0837500%              $1,327,725.69
                        Class A(2003-1)         55264TBQ3               May 16, 2005            3.3000000%              $1,375,000.00
                        Class A(2003-2)         55264TBR1               May 16, 2005            3.0037500%              $2,586,562.50
                        Class A(2003-3)         55264TBS9               May 16, 2005            3.0737500%              $1,985,130.21
                        Class A(2003-4)         55264TBT7               May 16, 2005            3.1737500%              $2,049,713.54
                        Class A(2003-6)         55264TBV2               May 16, 2005            2.7500000%              $1,145,833.33
                        Class A(2003-7)         55264TBY6               May 16, 2005            2.6500000%              $1,435,416.67
                        Class A(2003-8)         55264TCA7               May 16, 2005            3.1437500%              $2,030,338.54
                        Class A(2003-9)         55264TCC3               May 16, 2005            3.0837500%              $2,788,223.96
                        Class A(2003-10)        55264TCF6               May 16, 2005            3.2137500%              $1,383,697.92
                        Class A(2003-11)        55264TCH2               May 16, 2005            3.6500000%              $1,520,833.33
                        Class A(2003-12)        55264TCJ8               May 16, 2005            3.0637500%              $1,319,114.58
                        Class A(2004-2)         55264TCK5               May 16, 2005            3.1037500%              $1,603,604.17
                        Class A(2004-3)         55264TCL3               May 16, 2005            3.2137500%              $1,937,177.08
                        Class A(2004-4)         55264TCP4               May 16, 2005            2.7000000%              $3,037,500.00
                        Class A(2004-5)         019227766               May 16, 2005            2.9837500%              $7,573,055.88
                        Class A(2004-6)         55264TCQ2               May 16, 2005            3.0937500%              $1,332,031.25
                        Class A(2004-7)         55264TCS8               May 16, 2005            3.0537500%              $2,366,656.25
                        Class A(2004-8)         55264TCU3               May 16, 2005            3.1037500%              $1,336,336.81
                        Class A(2004-9)         020110562               May 16, 2005            3.1340000%              $1,699,012.79
                        Class A(2004-10)        55264TCV1               May 16, 2005            3.0337500%              $1,306,197.92
                        Total Class A           $75,605,911.44
                        Class B
                        Class B(2001-1)         55264TAA9               May 16, 2005            3.3287500%              $716,605.90
                        Class B(2001-2)         55264TAJ0               May 16, 2005            3.3137500%              $713,376.74
                        Class B(2001-3)         55264TAP6               May 16, 2005            3.4537500%              $446,109.38
                        Class B(2002-1)         55264TAR2               May 16, 2005            5.1500000%              $1,072,916.67
                        Class B(2002-2)         55264TAX9               May 16, 2005            3.3337500%              $717,682.29
                        Class B(2002-3)         55264TBC4               May 16, 2005            3.3537500%              $721,987.85
                        Class B(2002-4)         55264TBG5               May 16, 2005            3.4537500%              $594,812.50
                        Class B(2003-1)         55264TBP5               May 16, 2005            3.3937500%              $584,479.17
                        Class B(2003-2)         55264TBW0               May 16, 2005            3.3437500%              $575,868.06
                        Class B(2003-3)         55264TCB5               May 16, 2005            3.3287500%              $573,284.72
                        Class B(2003-5)         55264TCE9               May 16, 2005            3.3237500%              $429,317.71
                        Class B(2004-1)         55264TCN9               May 16, 2005            4.4500000%              $1,297,916.67
                        Class B(2004-2)         55264TCT6               May 16, 2005            3.3437500%              $431,901.04
                        Total Class B           $8,876,258.70
                        Class C
                        Class C(2001-1)         55264TAB7               May 16, 2005            4.0037500%              $861,918.40
                        Class C(2001-2)         55264TAD3               May 16, 2005            4.1037500%              $353,378.47
                        Class C(2001-3)         55264TAF8               May 16, 2005            6.5500000%              $2,183,333.33
                        Class C(2001-4)         55264TAK7               May 16, 2005            4.0037500%              $861,918.40
                        Class C(2001-5)         55264TAN1               May 16, 2005            4.1737500%              $539,109.37
                        Class C(2002-1)         55264TAS0               May 16, 2005            6.8000000%              $1,416,666.67
                        Class C(2002-2)         55264TAW1               May 16, 2005            3.9037500%              $336,156.25
                        Class C(2002-3)         55264TAY7               May 16, 2005            4.3037500%              $741,201.39
                        Class C(2002-4)         55264TBD2               May 16, 2005            4.1537500%              $357,684.03
                        Class C(2002-5)         55264TBE0               May 16, 2005            4.0500000%              $337,500.00
                        Class C(2002-6)         55264TBH3               May 16, 2005            4.9537500%              $213,286.46
                        Class C(2002-7)         55264TBJ9               May 16, 2005            6.7000000%              $279,166.67
                        Class C(2003-1)         55264TBM2               May 16, 2005            4.6537500%              $801,479.17
                        Class C(2003-2)         55264TBN0               May 16, 2005            4.5537500%              $392,128.47
                        Class C(2003-3)         55264TBU4               May 16, 2005            4.3037500%              $648,551.22
                        Class C(2003-4)         016994588               May 16, 2005            4.7001000%              $3,848,911.89
                        Class C(2003-5)         55264TBX8               May 16, 2005            4.1337500%              $355,961.81
                        Class C(2003-6)         55264TBZ3               May 16, 2005            4.1337500%              $889,904.51
                        Class C(2003-7)         55264TCG4               May 16, 2005            4.3037500%              $370,600.69
                        Class C(2004-1)         55264TCM1               May 16, 2005            3.7337500%              $643,034.72
                        Class C(2004-2)         55264TCR0               May 16, 2005            3.8537500%              $912,589.41
                        Total Class C           $17,344,481.33


                        *  For Interest Payment information on the Emerald Note program, refer to Exhibit B to the Class A(2001-Emerald) Terms Document.



                        C. Targeted deposits to Class C Reserve sub-Accounts:
                        Targeted Deposit to     Actual Deposit to       Class C Reserve         Class C Reserve
                        Class C Reserve         Class C Reserve         sub-Account Balance on  sub-Account
                        sub-Account for         sub-Account for         Transfer Date prior to  Earnings
                        applicable Monthly      applicable              withdrawals
                        Period                  Monthly Period


                        NOTHING TO REPORT



                        D. Withdrawals to be made from the C Reserve sub-Accounts on the corresponding Transfer Date:

                        Withdrawals for         Withdrawals for         Class C Reserve
                        Interest                Principal               sub-Account Balance on
                        Transfer Date after
                        withdrawals



                        NOTHING TO REPORT


                        E. Targeted deposits to Principal Funding sub-Accounts:

                         Targeted Deposit to    Actual Deposit to       Shortfall from          Principal Funding       Principal Funding
                        Principal Funding       Principal Funding       earlier Monthly         sub-Account             sub-Account
                        sub-Account for         sub-Account for         Periods                 Balance on              Earnings
                        applicable Monthly      applicable Monthly      Transfer Date
                        Period                  Period




                        NOTHING TO REPORT





                        F. Principal to be paid on the corresponding Principal Payment Date:

                        CUSIP Number            Principal               Amount of principal
                        Payment Date            to be paid on
                        corresponding
                        Principal Payment
                        Date




                        NOTHING TO REPORT




                        G.                      Stated Principal Amount, Outstanding Dollar Principal Amount and Nominal Liquidation Amount for the related Monthly Period:

                        Initial Dollar          Outstanding             Adjusted Outstanding    Nominal Liquidation
                        Principal  Amount       Principal               Principal Amount        Amount
                        Amount

                        Class A
                        Class A(2001-1)         $1,000,000,000.00       $1,000,000,000.00       $1,000,000,000.00       $1,000,000,000.00
                        Class A(2001-2)         $500,000,000.00         $500,000,000.00         $500,000,000.00         $500,000,000.00
                        Class A(2001-3)         $1,000,000,000.00       $1,000,000,000.00       $1,000,000,000.00       $1,000,000,000.00
                        Class A(2001-Emerald)   $5,150,000,000.00       $4,850,000,000.00       $4,850,000,000.00       $4,850,000,000.00
                        Class A(2001-5)         $500,000,000.00         $500,000,000.00         $500,000,000.00         $500,000,000.00
                        Class A(2002-1)         $1,000,000,000.00       $1,000,000,000.00       $1,000,000,000.00       $1,000,000,000.00
                        Class A(2002-2)         $656,175,000.00         $656,175,000.00         $656,175,000.00         $656,175,000.00
                        Class A(2002-3)         $750,000,000.00         $750,000,000.00         $750,000,000.00         $750,000,000.00
                        Class A(2002-4)         $1,000,000,000.00       $1,000,000,000.00       $1,000,000,000.00       $1,000,000,000.00
                        Class A(2002-5)         $750,000,000.00         $750,000,000.00         $750,000,000.00         $750,000,000.00
                        Class A(2002-6)         $750,000,000.00         $750,000,000.00         $750,000,000.00         $750,000,000.00
                        Class A(2002-7)         $497,250,000.00         $497,250,000.00         $497,250,000.00         $497,250,000.00
                        Class A(2002-8)         $400,000,000.00         $400,000,000.00         $400,000,000.00         $400,000,000.00
                        Class A(2002-9)         $700,000,000.00         $700,000,000.00         $700,000,000.00         $700,000,000.00
                        Class A(2002-10)        $1,000,000,000.00       $1,000,000,000.00       $1,000,000,000.00       $1,000,000,000.00
                        Class A(2002-11)        $490,600,000.00         $490,600,000.00         $490,600,000.00         $490,600,000.00
                        Class A(2002-12)        $1,500,000,000.00       $1,500,000,000.00       $1,500,000,000.00       $1,500,000,000.00
                        Class A(2002-13)        $500,000,000.00         $500,000,000.00         $500,000,000.00         $500,000,000.00
                        Class A(2003-1)         $500,000,000.00         $500,000,000.00         $500,000,000.00         $500,000,000.00
                        Class A(2003-2)         $1,000,000,000.00       $1,000,000,000.00       $1,000,000,000.00       $1,000,000,000.00
                        Class A(2003-3)         $750,000,000.00         $750,000,000.00         $750,000,000.00         $750,000,000.00
                        Class A(2003-4)         $750,000,000.00         $750,000,000.00         $750,000,000.00         $750,000,000.00
                        Class A(2003-5)         $548,200,000.00         $548,200,000.00         $548,200,000.00         $548,200,000.00
                        Class A(2003-6)         $500,000,000.00         $500,000,000.00         $500,000,000.00         $500,000,000.00
                        Class A(2003-7)         $650,000,000.00         $650,000,000.00         $650,000,000.00         $650,000,000.00
                        Class A(2003-8)         $750,000,000.00         $750,000,000.00         $750,000,000.00         $750,000,000.00
                        Class A(2003-9)         $1,050,000,000.00       $1,050,000,000.00       $1,050,000,000.00       $1,050,000,000.00
                        Class A(2003-10)        $500,000,000.00         $500,000,000.00         $500,000,000.00         $500,000,000.00
                        Class A(2003-11)        $500,000,000.00         $500,000,000.00         $500,000,000.00         $500,000,000.00
                        Class A(2003-12)        $500,000,000.00         $500,000,000.00         $500,000,000.00         $500,000,000.00
                        Class A(2004-2)         $600,000,000.00         $600,000,000.00         $600,000,000.00         $600,000,000.00
                        Class A(2004-1)         $752,760,000.00         $752,760,000.00         $752,760,000.00         $752,760,000.00
                        Class A(2004-3)         $700,000,000.00         $700,000,000.00         $700,000,000.00         $700,000,000.00
                        Class A(2004-4)         $1,350,000,000.00       $1,350,000,000.00       $1,350,000,000.00       $1,350,000,000.00
                        Class A(2004-5)         $1,015,240,000.00       $1,015,240,000.00       $1,015,240,000.00       $1,015,240,000.00
                        Class A(2004-6)         $500,000,000.00         $500,000,000.00         $500,000,000.00         $500,000,000.00
                        Class A(2004-7)         $900,000,000.00         $900,000,000.00         $900,000,000.00         $900,000,000.00
                        Class A(2004-8)         $500,000,000.00         $500,000,000.00         $500,000,000.00         $500,000,000.00
                        Class A(2004-9)         $672,980,000.00         $672,980,000.00         $672,980,000.00         $672,980,000.00
                        Class A(2004-10)        $500,000,000.00         $500,000,000.00         $500,000,000.00         $500,000,000.00
                        Class A(2005-1)         $750,000,000.00         $750,000,000.00         $750,000,000.00         $750,000,000.00
                        Total Class A:          $34,383,205,000.00      $34,083,205,000.00      $34,083,205,000.00      $34,083,205,000.00
                        Class B
                        Class B(2001-1)         $250,000,000.00         $250,000,000.00         $250,000,000.00         $250,000,000.00
                        Class B(2001-2)         $250,000,000.00         $250,000,000.00         $250,000,000.00         $250,000,000.00
                        Class B(2001-3)         $150,000,000.00         $150,000,000.00         $150,000,000.00         $150,000,000.00
                        Class B(2002-1)         $250,000,000.00         $250,000,000.00         $250,000,000.00         $250,000,000.00
                        Class B(2002-2)         $250,000,000.00         $250,000,000.00         $250,000,000.00         $250,000,000.00
                        Class B(2002-3)         $250,000,000.00         $250,000,000.00         $250,000,000.00         $250,000,000.00
                        Class B(2002-4)         $200,000,000.00         $200,000,000.00         $200,000,000.00         $200,000,000.00
                        Class B(2003-1)         $200,000,000.00         $200,000,000.00         $200,000,000.00         $200,000,000.00
                        Class B(2003-2)         $200,000,000.00         $200,000,000.00         $200,000,000.00         $200,000,000.00
                        Class B(2003-3)         $200,000,000.00         $200,000,000.00         $200,000,000.00         $200,000,000.00
                        Class B(2003-5)         $150,000,000.00         $150,000,000.00         $150,000,000.00         $150,000,000.00
                        Class B(2003-4)         $331,650,000.00         $331,650,000.00         $331,650,000.00         $331,650,000.00
                        Class B(2004-1)         $350,000,000.00         $350,000,000.00         $350,000,000.00         $350,000,000.00
                        Class B(2004-2)         $150,000,000.00         $150,000,000.00         $150,000,000.00         $150,000,000.00
                        Total Class B:          $3,181,650,000.00       $3,181,650,000.00       $3,181,650,000.00       $3,181,650,000.00
                        Class C
                        Class C(2001-1)         $250,000,000.00         $250,000,000.00         $250,000,000.00         $250,000,000.00
                        Class C(2001-2)         $100,000,000.00         $100,000,000.00         $100,000,000.00         $100,000,000.00
                        Class C(2001-3)         $400,000,000.00         $400,000,000.00         $400,000,000.00         $400,000,000.00
                        Class C(2001-4)         $250,000,000.00         $250,000,000.00         $250,000,000.00         $250,000,000.00
                        Class C(2001-5)         $150,000,000.00         $150,000,000.00         $150,000,000.00         $150,000,000.00
                        Class C(2002-1)         $250,000,000.00         $250,000,000.00         $250,000,000.00         $250,000,000.00
                        Class C(2002-2)         $100,000,000.00         $100,000,000.00         $100,000,000.00         $100,000,000.00
                        Class C(2002-3)         $200,000,000.00         $200,000,000.00         $200,000,000.00         $200,000,000.00
                        Class C(2002-4)         $100,000,000.00         $100,000,000.00         $100,000,000.00         $100,000,000.00
                        Class C(2002-5)         $100,000,000.00         $100,000,000.00         $100,000,000.00         $100,000,000.00
                        Class C(2002-6)         $50,000,000.00          $50,000,000.00          $50,000,000.00          $50,000,000.00
                        Class C(2002-7)         $50,000,000.00          $50,000,000.00          $50,000,000.00          $50,000,000.00
                        Class C(2003-1)         $200,000,000.00         $200,000,000.00         $200,000,000.00         $200,000,000.00
                        Class C(2003-2)         $100,000,000.00         $100,000,000.00         $100,000,000.00         $100,000,000.00
                        Class C(2003-3)         $175,000,000.00         $175,000,000.00         $175,000,000.00         $175,000,000.00
                        Class C(2003-4)         $327,560,000.00         $327,560,000.00         $327,560,000.00         $327,560,000.00
                        Class C(2003-5)         $100,000,000.00         $100,000,000.00         $100,000,000.00         $100,000,000.00
                        Class C(2003-6)         $250,000,000.00         $250,000,000.00         $250,000,000.00         $250,000,000.00
                        Class C(2003-7)         $100,000,000.00         $100,000,000.00         $100,000,000.00         $100,000,000.00
                        Class C(2004-1)         $200,000,000.00         $200,000,000.00         $200,000,000.00         $200,000,000.00
                        Class C(2004-2)         $275,000,000.00         $275,000,000.00         $275,000,000.00         $275,000,000.00
                        Total Class C:          $3,727,560,000.00       $3,727,560,000.00       $3,727,560,000.00       $3,727,560,000.00
                        Total:                  $41,292,415,000.00      $40,992,415,000.00      $40,992,415,000.00      $40,992,415,000.00


                        H. Class A Usage of Class B and Class C Subordinated Amounts:

                        Class A Usage of Class  Class A Usage of Class C                        Cumulative Class A      Cumulative Class A
                        B Subordinated Amount   Subordinated Amount for Usage of Class B        Usage of Class C
                        for this Monthly Period this Monthly Period     Subordinated Amount     Subordinated Amount



                        NOTHING TO REPORT



                        I. Class B Usage of Class C Subordinated Amounts:
                        Class B Usage of Class C                        Cumulative Class B Usage
                        Subordinated Amount for of Class C Subordinated
                        this Monthly Period     Amount




                        NOTHING TO REPORT


                        J. Nominal Liquidation Amount for Tranches of Notes Outstanding:


                        Beginning Nominal       Increases from          Increases from          Reimbursements          Reductions due to       Reductions due to       Reductions due to       Ending Nominal
                        Liquidation Amount *    accretions on           amounts withdrawn       from Available          reallocations of        Investor                amounts on deposit      Liquidation
                        Principal for           from the Principal      Funds                   Available Principal     Charge-Offs             in the Principal        Amount
                        Discount Notes          Funding sub-Account     Amounts                 Funding
                        in respect of           sub-Account
                        Prefunding Excess
                        Amount



                        Class A
                        Class A(2001-1)         $1,000,000,000.00       $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $1,000,000,000.00
                        Class A(2001-2)         $500,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $500,000,000.00
                        Class A(2001-3)         $1,000,000,000.00       $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $1,000,000,000.00
                        Class A(2001-Emerald)   $4,850,000,000.00       $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $4,850,000,000.00
                        Class A(2001-5)         $500,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $500,000,000.00
                        Class A(2002-1)         $1,000,000,000.00       $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $1,000,000,000.00
                        Class A(2002-2)         $656,175,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $656,175,000.00
                        Class A(2002-3)         $750,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $750,000,000.00
                        Class A(2002-4)         $1,000,000,000.00       $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $1,000,000,000.00
                        Class A(2002-5)         $750,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $750,000,000.00
                        Class A(2002-6)         $750,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $750,000,000.00
                        Class A(2002-7)         $497,250,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $497,250,000.00
                        Class A(2002-8)         $400,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $400,000,000.00
                        Class A(2002-9)         $700,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $700,000,000.00
                        Class A(2002-10)        $1,000,000,000.00       $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $1,000,000,000.00
                        Class A(2002-11)        $490,600,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $490,600,000.00
                        Class A(2002-12)        $1,500,000,000.00       $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $1,500,000,000.00
                        Class A(2002-13)        $500,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $500,000,000.00
                        Class A(2003-1)         $500,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $500,000,000.00
                        Class A(2003-2)         $1,000,000,000.00       $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $1,000,000,000.00
                        Class A(2003-3)         $750,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $750,000,000.00
                        Class A(2003-4)         $750,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $750,000,000.00
                        Class A(2003-5)         $548,200,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $548,200,000.00
                        Class A(2003-6)         $500,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $500,000,000.00
                        Class A(2003-7)         $650,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $650,000,000.00
                        Class A(2003-8)         $750,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $750,000,000.00
                        Class A(2003-9)         $1,050,000,000.00       $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $1,050,000,000.00
                        Class A(2003-10)        $500,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $500,000,000.00
                        Class A(2003-11)        $500,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $500,000,000.00
                        Class A(2003-12)        $500,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $500,000,000.00
                        Class A(2004-2)         $600,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $600,000,000.00
                        Class A(2004-1)         $752,760,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $752,760,000.00
                        Class A(2004-3)         $700,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $700,000,000.00
                        Class A(2004-4)         $1,350,000,000.00       $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $1,350,000,000.00
                        Class A(2004-5)         $1,015,240,000.00       $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $1,015,240,000.00
                        Class A(2004-6)         $500,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $500,000,000.00
                        Class A(2004-7)         $900,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $900,000,000.00
                        Class A(2004-8)         $500,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $500,000,000.00
                        Class A(2004-9)         $672,980,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $672,980,000.00
                        Class A(2004-10)        $500,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $500,000,000.00
                        Class A(2005-1)         $750,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $750,000,000.00
                        $34,083,205,000.00      $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $34,083,205,000.00
                        Class B
                        Class B(2001-1)         $250,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $250,000,000.00
                        Class B(2001-2)         $250,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $250,000,000.00
                        Class B(2001-3)         $150,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $150,000,000.00
                        Class B(2002-1)         $250,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $250,000,000.00
                        Class B(2002-2)         $250,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $250,000,000.00
                        Class B(2002-3)         $250,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $250,000,000.00
                        Class B(2002-4)         $200,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $200,000,000.00
                        Class B(2003-1)         $200,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $200,000,000.00
                        Class B(2003-2)         $200,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $200,000,000.00
                        Class B(2003-3)         $200,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $200,000,000.00
                        Class B(2003-5)         $150,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $150,000,000.00
                        Class B(2003-4)         $331,650,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $331,650,000.00
                        Class B(2004-1)         $350,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $350,000,000.00
                        Class B(2004-2)         $150,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $150,000,000.00
                        $3,181,650,000.00       $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $3,181,650,000.00
                        Class C
                        Class C(2001-1)         $250,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $250,000,000.00
                        Class C(2001-2)         $100,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $100,000,000.00
                        Class C(2001-3)         $400,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $400,000,000.00
                        Class C(2001-4)         $250,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $250,000,000.00
                        Class C(2001-5)         $150,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $150,000,000.00
                        Class C(2002-1)         $250,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $250,000,000.00
                        Class C(2002-2)         $100,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $100,000,000.00
                        Class C(2002-3)         $200,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $200,000,000.00
                        Class C(2002-4)         $100,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $100,000,000.00
                        Class C(2002-5)         $100,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $100,000,000.00
                        Class C(2002-6)         $50,000,000.00          $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $50,000,000.00
                        Class C(2002-7)         $50,000,000.00          $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $50,000,000.00
                        Class C(2003-1)         $200,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $200,000,000.00
                        Class C(2003-2)         $100,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $100,000,000.00
                        Class C(2003-3)         $175,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $175,000,000.00
                        Class C(2003-4)         $327,560,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $327,560,000.00
                        Class C(2003-5)         $100,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $100,000,000.00
                        Class C(2003-6)         $250,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $250,000,000.00
                        Class C(2003-7)         $100,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $100,000,000.00
                        Class C(2004-1)         $200,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $200,000,000.00
                        Class C(2004-2)         $275,000,000.00         $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $275,000,000.00
                        $3,727,560,000.00       $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $3,727,560,000.00
                         Total:                 $40,992,415,000.00      $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $0.00                   $40,992,415,000.00

                        *  The Beginning Nominal Liquidation Amount for Class A(2001-Emerald) is reported as of the end of the Monthly Period.



                        K. Excess Available Funds and 3 Month Excess Available Funds:
                        Excess Available Funds  284,373,568.18

                        Is 3 Month Excess Available Funds Less Than 0 ? (Yes/No)                        NO





                           IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Monthly Note

                        MBNA AMERICA BANK,

                        NATIONAL ASSOCIATION,

                         as Beneficiary of the MBNA Credit   Card
                        Master Note Trust

                         and
                         as Servicer of the MBNA Master   Credit
                        Card Trust II





                        Name:                   Marcie E. Copson-Hall
                        Title:                  Executive Vice President


                        C-1                     MBNAseries