1 EXHIBIT 4(e)(1) TRUST AGREEMENT This TRUST AGREEMENT, dated as of November 4, 1996, between MBNA Corporation, a Maryland corporation, as "Depositor" and John W. Scheflen as "Trustee". The Depositor and the Trustee hereby agree as follows: 1. The...Trust Agreement • December 6th, 1996 • Mbna Capital V • National commercial banks • Delaware
BETWEEN MBNA CORPORATION (AS GUARANTOR) AND THE BANK OF NEW YORK (AS TRUSTEE) DATED AS OFGuarantee Agreement • December 6th, 1996 • Mbna Capital V • National commercial banks • New York
TOJunior Subordinated Indenture • December 6th, 1996 • Mbna Capital V • National commercial banks • New York
MBNA CAPITAL II 2 TABLE OF CONTENTS ARTICLE ITrust Agreement • December 6th, 1996 • Mbna Capital V • National commercial banks • Delaware
