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):

                             Various

                       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 No.)    (IRS Employer Ident. 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. 20  Settlement Statements
           
                            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/James M. Wehmann
                                         James M. Wehmann
                                         Vice President,
                                         Assistant Treasurer




Dated:  March 18, 1997
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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):

                             Various

                       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 No.)    (IRS Employer Ident. 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. 20  Settlement Statements
           
                            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/James M. Wehmann
                                         James M. Wehmann
                                         Vice President,
                                         Assistant Treasurer

Dated:  March 18, 1997