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):

                                December 18, 2000

                               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.)



        600 South Highway 169, Suite 300, St. Louis Park, Minnesota 55426
                    (Address of principal executive offices)


                                 (612) 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 1997-1 November Certificateholders' Statement

           Ex. 20b       Series 1997-2 November Certificateholders' Statement

           Ex. 20c       Series 1998-3 November Securityholders' Statement

           Ex. 20d       Series 1999-1 November Securityholders'  Statement

           Ex. 20e       Series 1999-2 November Securityholders' Statement

           Ex. 20f       Series 1999-3 November Securityholders' Statement

           Ex. 20g       Series 2000-1 November Securityholders' Statement

           Ex. 20h       Series 2000-2 November Securityholders' Statement

           Ex. 20i       Series 2000-3 November Securityholders' 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/ Ralph A. Than
                                      Ralph A. Than
                                      Senior Vice President, Treasurer




Dated:  December 18, 2000
[{"type": "8-K", "sequence": "1", "filename": "0001.txt", "description": "NOV. CERTIFICATEHOLDER/SECURITYHOLDER STATEMENTS", "secsgml_size_bytes": 2491}]
[{"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": "790941"}, "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": "000-23961-01", "film-number": "790942"}, "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):

                                December 18, 2000

                               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.)

        600 South Highway 169, Suite 300, St. Louis Park, Minnesota 55426
                    (Address of principal executive offices)

                                 (612) 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 1997-1 November Certificateholders' Statement

           Ex. 20b       Series 1997-2 November Certificateholders' Statement

           Ex. 20c       Series 1998-3 November Securityholders' Statement

           Ex. 20d       Series 1999-1 November Securityholders'  Statement

           Ex. 20e       Series 1999-2 November Securityholders' Statement

           Ex. 20f       Series 1999-3 November Securityholders' Statement

           Ex. 20g       Series 2000-1 November Securityholders' Statement

           Ex. 20h       Series 2000-2 November Securityholders' Statement

           Ex. 20i       Series 2000-3 November Securityholders' 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/ Ralph A. Than
                                      Ralph A. Than
                                      Senior Vice President, Treasurer

Dated:  December 18, 2000