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):

                                  June 18, 2003

                               METRIS MASTER TRUST
                            METRIS RECEIVABLES, INC.
                     (Originator of the Metris Master Trust)
             (Exact name of registrant as specified in its charter)


        Delaware                      000-23961                 41-1810301
(State of Incorporation)       (Commission File Number)       (IRS Employer
                                                             Identification No.)



              10900 Wayzata Boulevard, Minnetonka, Minnesota 55305
                    (Address of principal executive offices)


                                 (952) 417-5645
              (Registrant's telephone number, including area code)


                            METRIS RECEIVABLES, INC.
                           Current Report on Form 8-K

Item 7.  Financial Statements and Exhibits

         Ex. 20a       Series 1999-1 May Securityholder's Statement

         Ex. 20b       Series 1999-2 May Securityholder's Statement

         Ex. 20c       Series 1999-3 May Securityholder's Statement

         Ex. 20d       Series 2000-1 May Securityholders's Statement

         Ex. 20e       Series 2000-2 May Securityholder's Statement

         Ex. 20f       Series 2000-3 May Securityholder's Statement

         Ex. 20g       Series 2001-1 May Securityholder's Statement

         Ex. 20h       Series 2001-2 May Securityholder's Statement

         Ex. 20i       Series 2001-3 May Securityholder's Statement

         Ex. 20j       Series 2001-4 May Securityholder's Statement

         Ex. 20k       Series 2002-3 May Securityholder's Statement

         Ex. 20l       Series 2002-4 May Securityholder's Statement

                                        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 hereunto duly authorized.

                                        METRIS RECEIVABLES, INC.


                                        By:     /s/Scott R. Fjellman
                                               Scott R. Fjellman
                                               Senior Vice President, Treasurer
Dated:   June 18, 2003
[{"type": "8-K", "sequence": "1", "filename": "form8-k.txt", "secsgml_size_bytes": 2673}]
[{"company-data": {"conformed-name": "METRIS RECEIVABLES INC", "cik": "0001003563", "assigned-sic": "6189", "irs-number": "411810301", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23961", "film-number": "03748111"}, "business-address": {"street1": "10900 WAYZATA BLVD", "city": "MINNETONKA", "state": "MN", "zip": "55305", "phone": "6124175645"}, "mail-address": {"street1": "600 SOUTH HIGHWAY 169", "street2": "SUITE 300", "city": "ST LOUIS PARK", "state": "MN", "zip": "55426"}, "former-company": {"former-conformed-name": "FINGERHUT FINANCIAL SERVICES RECEIVABLES INC", "date-changed": "19951117"}}, {"company-data": {"conformed-name": "METRIS MASTER TRUST", "cik": "0001003564", "assigned-sic": "6189", "irs-number": "411810301", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23961-04", "film-number": "03748112"}, "business-address": {"street1": "10900 WAYZATA BLVD", "city": "MINNETONKA", "state": "MN", "zip": "55305", "phone": "6129365077"}, "mail-address": {"street1": "600 SOUTH HWY 169", "street2": "STE 300", "city": "ST LOUIS PARK", "state": "MN", "zip": "55426"}, "former-company": {"former-conformed-name": "FINGERHUT FINANCIAL SERVICES MASTER TRUST", "date-changed": "19951117"}}]
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):

                                  June 18, 2003

                               METRIS MASTER TRUST
                            METRIS RECEIVABLES, INC.
                     (Originator of the Metris Master Trust)
             (Exact name of registrant as specified in its charter)

        Delaware                      000-23961                 41-1810301
(State of Incorporation)       (Commission File Number)       (IRS Employer
                                                             Identification No.)

              10900 Wayzata Boulevard, Minnetonka, Minnesota 55305
                    (Address of principal executive offices)

                                 (952) 417-5645
              (Registrant's telephone number, including area code)

                            METRIS RECEIVABLES, INC.
                           Current Report on Form 8-K

Item 7.  Financial Statements and Exhibits

         Ex. 20a       Series 1999-1 May Securityholder's Statement

         Ex. 20b       Series 1999-2 May Securityholder's Statement

         Ex. 20c       Series 1999-3 May Securityholder's Statement

         Ex. 20d       Series 2000-1 May Securityholders's Statement

         Ex. 20e       Series 2000-2 May Securityholder's Statement

         Ex. 20f       Series 2000-3 May Securityholder's Statement

         Ex. 20g       Series 2001-1 May Securityholder's Statement

         Ex. 20h       Series 2001-2 May Securityholder's Statement

         Ex. 20i       Series 2001-3 May Securityholder's Statement

         Ex. 20j       Series 2001-4 May Securityholder's Statement

         Ex. 20k       Series 2002-3 May Securityholder's Statement

         Ex. 20l       Series 2002-4 May Securityholder's Statement

                                        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 hereunto duly authorized.

                                        METRIS RECEIVABLES, INC.

                                        By:     /s/Scott R. Fjellman
                                               Scott R. Fjellman
                                               Senior Vice President, Treasurer
Dated:   June 18, 2003