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, 1998

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


	   Delaware				                033-99514				             41-1810301
(State of Incorporation)		(Commission File Number)	    (IRS Employer 
                                                       Identification No.)



         4400 Baker Road, Suite F470, Minnetonka, Minnesota   55343
					          (Address of principal executive offices)	


                              (612) 936-5077
           (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 1996-1 May Certificateholders' Statement

	Ex. 20b	Series 1997-1 May Certificateholders' Statement

	Ex. 20c	Series 1997-2 May Certificateholders' 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\ 					
										                       Robert W. Oberrender
										                       President and Treasurer 




Dated:  June 18, 1998
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 1732}]
[{"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": "98650534"}, "business-address": {"street1": "4400 BAKER RD", "street2": "STE F470", "city": "MINNETONKA", "state": "MN", "zip": "55343", "phone": "6129365077"}, "mail-address": {"street1": "4400 BAKER ROAD", "street2": "SUITE F470", "city": "MINNETONKA", "state": "MN", "zip": "55343"}, "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", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-99514-01", "film-number": "98650535"}, "business-address": {"street1": "4400 BAKER RD", "street2": "STE F470", "city": "MINNETONKA", "state": "MN", "zip": "55343", "phone": "6129365077"}, "mail-address": {"street1": "4400 BAKER ROAD", "street2": "SUITE F470", "city": "MINNETONKA", "state": "MN", "zip": "55343"}, "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, 1998

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

	   Delaware				                033-99514				             41-1810301
(State of Incorporation)		(Commission File Number)	    (IRS Employer 
                                                       Identification No.)

         4400 Baker Road, Suite F470, Minnetonka, Minnesota   55343
					          (Address of principal executive offices)	

                              (612) 936-5077
           (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 1996-1 May Certificateholders' Statement

	Ex. 20b	Series 1997-1 May Certificateholders' Statement

	Ex. 20c	Series 1997-2 May Certificateholders' 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\ 					
										                       Robert W. Oberrender
										                       President and Treasurer 

Dated:  June 18, 1998