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):

                               September 15, 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 August Securityholder's Statement

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

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

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

          Ex. 20e Series 2000-3 August Securityholder's Statement

          Ex. 20f Series 2001-1 August Securityholder's Statement

          Ex. 20g Series 2001-2 August Securityholder's Statement

          Ex. 20h Series 2001-3 August Securityholder's Statement

          Ex. 20i Series 2001-4 August Securityholder's Statement

          Ex. 20j Series 2002-3 August Securityholder's Statement

          Ex. 20k Series 2002-4 August 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:   September 15, 2003
[{"type": "8-K", "sequence": "1", "filename": "form8-k.txt", "secsgml_size_bytes": 2574}]
[{"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": "03894904"}, "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"}}, {"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": "03894905"}, "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"}}]
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):

                               September 15, 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 August Securityholder's Statement

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

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

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

          Ex. 20e Series 2000-3 August Securityholder's Statement

          Ex. 20f Series 2001-1 August Securityholder's Statement

          Ex. 20g Series 2001-2 August Securityholder's Statement

          Ex. 20h Series 2001-3 August Securityholder's Statement

          Ex. 20i Series 2001-4 August Securityholder's Statement

          Ex. 20j Series 2002-3 August Securityholder's Statement

          Ex. 20k Series 2002-4 August 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:   September 15, 2003