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):

                                January 17, 2002

                               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 1997-1 December Certificateholders' Statement

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

         Ex. 20c       Series 1998-3 December Securityholder's Statement

         Ex. 20d       Series 1999-1 December Securityholder's  Statement

         Ex. 20e       Series 1999-2 December r Securityholder's Statement

         Ex. 20f       Series 1999-3 December r Securityholder's Statement

         Ex. 20g       Series 2000-1 December Securityholders's Statement

         Ex. 20h       Series 2000-2 December Securityholder's Statement

         Ex. 20i       Series 2000-3 December Securityholder's Statement

         Ex. 20j       Series 2001-1 December Securityholder's Statement

         Ex. 20k       Series 2001-2 December Securityholder's Statement

         Ex. 20l       Series 2001-3 December Securityholder's Statement

         Ex. 20m       Series 2001-4 December 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/ Ralph A. Than
                                           Ralph A. Than
                                           Senior Vice President, Treasurer
Dated:  January 17, 2002
[{"type": "8-K", "sequence": "1", "filename": "form8_k.txt", "description": "DECEMBER 2001 8-K", "secsgml_size_bytes": 2806}]
[{"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": "2511932"}, "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": "2511933"}, "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):

                                January 17, 2002

                               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 1997-1 December Certificateholders' Statement

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

         Ex. 20c       Series 1998-3 December Securityholder's Statement

         Ex. 20d       Series 1999-1 December Securityholder's  Statement

         Ex. 20e       Series 1999-2 December r Securityholder's Statement

         Ex. 20f       Series 1999-3 December r Securityholder's Statement

         Ex. 20g       Series 2000-1 December Securityholders's Statement

         Ex. 20h       Series 2000-2 December Securityholder's Statement

         Ex. 20i       Series 2000-3 December Securityholder's Statement

         Ex. 20j       Series 2001-1 December Securityholder's Statement

         Ex. 20k       Series 2001-2 December Securityholder's Statement

         Ex. 20l       Series 2001-3 December Securityholder's Statement

         Ex. 20m       Series 2001-4 December 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/ Ralph A. Than
                                           Ralph A. Than
                                           Senior Vice President, Treasurer
Dated:  January 17, 2002