Maryland Bank, NA
P.O. Box 150137
Wilmington, DE 19850-5137


November 27, 2000


Mr. Rod Welch
rowelch@attglobal.net
440 Davis Court #1602
San Francisco, CA 94111 2496

Subject:   Account Status
#5329 0311 6100 4195


MBNA wants to make your life easier. To help you, we are offering to settle the above account. Your current balance is $44,128.08. We will accept $26,500.00 as settlement of this account. If you accept this offer, please send the first installment of $3,312.50 by December 05, 2000. Each future installment of $3,312.50 is due by the fifth day of each month for the next 7 month(s).*

To get started on this special program, you mut pay $3,312.50 by your due date. Please mail the payments to P.O. Box 15137, Wilmington, DE 19850-5137. Please keep this letter as a confirmation of your settlement, as the terms of this offer will not be reflected on your monthly statement.

If you have any questions, please call 1-800-388-6970, Monday through Thrusday from 8 a.m., to 9 p.m., Friday, 8 to 5, or Saturday, 8 to noon (Pacific time). Our knowledgeable Account Managers are ready to assist you.

Sincerely,



Kelly Jackson,
Customer Assistance Department


Post Script

If you accept this settlement offer, your account will be reported to the national credit reporting agencies as settled, and you will not be obligated to pay the remaining balance provided no additional charges appear on this account after the date of this letter. Also, any future account activity that results in a credit balance will become the property of MBNA. Any violation of this agreement will result in the full balance being due immediately. All payments must be received by the above stated due dates.

C Vincint
MBM BL48 1-1 US-EN
00-332-00109-4328
690 099 (5-94)