SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 10-K

                ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended                             0-23961
December 31, 2002                                     Commission file number

                               METRIS MASTER TRUST
                     Metris Receivables, Inc., as Transferor
             (Exact name of registrant as specified in its charter)
       Delaware                                              41-1810301
(State of Incorporation)                    (I.R.S. Employer Identification No.)

         10900 Wayzata Boulevard, Room 723, Minnetonka, Minnesota 55305
                    (Address of principal executive offices)

                                 (952) 417-5645
              (Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:  None

Securities registered pursuant to Section 12(g) of the Act:

Floating Rate Asset Backed Securities, Series 1999-1, Class A
Floating Rate Asset Backed Securities, Series 1999-2, Class A
Floating Rate Asset Backed Securities, Series 2000-2, Class A
Floating Rate Asset Backed Securities, Series 2001-3, Class A
Floating Rate Asset Backed Securities, Series 2002-3, Class A

        Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months and (2) has been subject to such filing
requirements for the past 90 days.
Yes X  No


        Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K (ss.229.405 of this chapter) is not contained herein,
and will not be contained, to the best of Registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part II of the Form
10-K or any amendment to this form 10-K. |_| [Not applicable].


        Indicate by check mark whether the Registrant is an accelerated filer
(as defined in rule 12b-2 of the Act).  Yes |_|  No  |X|

        State the aggregate market value of the voting and non-voting common
equity held by non-affiliates computed by reference to the price at which the
common equity was last sold, or the average bid and asked price of such common
equity, as of the last business day of the Registrant's most recently completed
second fiscal quarter.


        The Registrant has no voting stock or class of common stock outstanding
as of the date of this report.


                       DOCUMENTS INCORPORATED BY REFERENCE

         [Not applicable].


                                TABLE OF CONTENTS
PART I
                                                                           Page
Item 1.    Business..........................................................4

Item 2.    Properties........................................................5

Item 3.    Legal Proceedings.................................................5

Item 4.    Submission of Matters to a Vote of Security Holders...............6

PART II

Item 5.    Market for Registrant's Common Equity and Related
           Stockholder Matters...............................................6

Item 6.    Selected Financial Data...........................................6

Item 7.    Management's Discussion and Analysis of Financial
           Condition and Results of Operations...............................6

Item 7A.   Qualitative and Quantitative Disclosure About Market Risk.........6

Item 8.    Financial Statements and Supplementary Data.......................6

Item 9.    Changes in and Disagreements with Accountants on
           Accounting and Financial Disclosure...............................6

PART III

Item 10.   Directors and Executive Officers of the Registrant................7

Item 11.   Executive Compensation............................................7

Item 12.   Security Ownership of Certain Beneficial
           Owners and Management.............................................7

Item 13.   Certain Relationships and Related Transactions....................7

Item 14.   Controls and Procedures...........................................7

PART IV

Item 15.   Exhibits, Financial Statement Schedules...........................7
           and Reports on Form 8-K

Signatures...................................................................9



PART I

Item 1.  Business

                  The Metris Master Trust (the "Trust" or the "Registrant") was
         originated by Metris Receivables, Inc. f/k/a Fingerhut Financial
         Services Receivables Inc. ("MRI" or "Transferor"), as Transferor under
         the Pooling and Servicing Agreement dated as of May 26, 1995, amended
         and restated July 30, 1998, and amended and restated again on January
         22, 2002 (the "Pooling and Servicing Agreement"). The Pooling and
         Servicing Agreement is supplemented by various series supplements
         providing for the issuance of securities in series. Publicly registered
         and outstanding series of securities of the Trust as of December 31,
         2002 are the Series 1999-1 Securities, Series 1999-2 Securities, Series
         1999-3 Securities, Series 2000-1 Securities, Series 2000-2 Securities,
         Series 2000-3 Securities, Series 2001-1 Securities, Series 2001-2
         Securities, Series 2001-3 Securities, Series 2001-4 Securities, Series
         2002-3 Securities, and Series 2002-4 Securities (collectively referred
         to as the "Securities"). The Securities represent interests in the
         Trust only and do not represent interests in or obligations of Metris
         Receivables, Inc., Direct Merchants Credit Card Bank, National
         Association ("Direct Merchants Bank"), Metris Companies Inc. ("MCI") or
         any affiliate thereof.

                  On January 22, 2002, each of the Trust's core program
         documents was amended by the parties to each of those agreements. These
         amendments took the following forms: (1) Second Amended and Restated
         Bank Receivables Purchase Agreement, dated as of January 22, 2002,
         between Direct Merchants Bank, as Seller, and MCI, as Buyer; (2) Second
         Amended and Restated Purchase Agreement, dated as of January 22, 2002,
         between MCI, as Seller, and MRI, as Buyer; and (3) Second Amended and
         Restated Pooling and Servicing Agreement, dated as of January 22, 2002,
         among MRI, as Transferor, Direct Merchants Bank, as Servicer, and U.S.
         Bank National Association, as Trustee for the Trust. These agreements
         were amended for various reasons, including (i) enhancing the
         characterization of the transfers of the receivables as "sales" under
         applicable accounting guidelines, (ii) providing for enhanced
         identification of the specific receivables transferred and sold, (iii)
         providing the Transferor the option to hold the Exchangeable Transferor
         Security issued by the Trust in uncertificated form and (iv) updating
         and conforming various provisions of the agreements.

                  Further, on June 14, 2002, each of the Trust's core program
         documents was amended by the parties to each of those agreements. These
         amendments took the following forms: (1) Amendment No. 1 to the Second
         Amended and Restated Bank Receivables Purchase Agreement, dated as of
         January 22, 2002, between Direct Merchants Bank, as Seller, and MCI, as
         Buyer; (2) Amendment No. 1 to the Second Amended and Restated Purchase
         Agreement, dated as of January 22, 2002, between MCI, as Seller, and
         MRI, as Buyer; and (3) Amendment No. 1 to the Metris Master Trust
         Second Amended and Restated Pooling and Servicing Agreement, dated as
         of January 22, 2002, among MRI, as Transferor, Direct Merchants Bank,
         as Servicer, and U.S. Bank National Association, as Trustee for the
         Trust. These amendments were made for the purpose of transferring to
         the Trust interchange related to receivables the accounts of which are
         designated for the Trust.


                  The Registrant has prepared this Form 10-K in reliance upon
         various no-action letters issued by the staff of the Securities and
         Exchange Commission (the "Commission") to other trusts which are
         substantially similar to the Trust. Items designated herein as "Not
         Applicable" have been omitted as a result of this reliance.

Item 2.  Properties

                  The Trust's primary asset is a pool of credit card receivables
         arising in consumer credit accounts originated or acquired by Direct
         Merchants Bank.

Item 3.  Legal Proceedings

                  The Transferor is not aware of any material pending litigation
         involving the Trust or the Trustee with respect to the Securities or
         the Trust's Property. The Transferor is aware that the Servicer (Direct
         Merchants Bank) or MCI are parties to various legal proceedings
         resulting from the ordinary business activities relating to their
         regular operations.

         Direct Merchants Bank Entered into an Operating Agreement and
         Terminated its Formal Supervisory Agreement:

                  As part of its normal periodic examination process, the Office
         of the Comptroller of the Currency ("OCC") may, in its sole discretion,
         require banks to modify or stop current practices based on the OCC's
         interpretation of its guidelines. On April 16, 2002, Direct Merchants
         Bank entered into an agreement with the OCC intended to strengthen the
         safety and soundness of Direct Merchants Bank's operations. The
         agreement formalized recommendations made and requirements imposed by
         the OCC following an examination of Direct Merchants Bank that resulted
         in a Report of Examination issued on April 4, 2002. The agreement was
         formally terminated by the OCC on March 18, 2003, when Direct Merchants
         Bank entered into an operating agreement with the OCC designed to
         ensure that Direct Merchants Bank continues to operate in a safe and
         sound manner. On March 19, 2003, MCI filed the operating agreement with
         the Securities and Exchange Commission as an exhibit to a current
         report on Form 8-K.

         Direct Merchants Bank has complied with the Consent Order and recived
         notice of No Civil Money Penalties:

                  On May 3, 2001, Direct Merchants Bank entered into a consent
         order with the OCC. The consent order required Direct Merchants Bank to
         pay approximately $3.2 million in restitution to approximately 62,000
         credit card customers who applied for and received a credit card in
         connection with a series of limited test marketing campaigns from March
         1999 to June 2000. Under the terms of the consent order, Direct
         Merchants Bank made no admission or agreement on the merits of the
         OCC's assertions. The restitution as required by the consent order has
         been paid. At the time of the consent order, the OCC also indicated
         that it was considering whether or not to pursue an assessment of civil
         money penalties and gave Direct Merchants Bank an opportunity to
         provide information to the OCC bearing on whether imposing a penalty
         would be appropriate and the severity of any penalty. In October 2002
         the OCC advised Direct Merchants Bank that it was in full compliance
         with the consent order, and that the OCC would not be assessing civil
         money penalties.


Item 4.  Submission of Matters to a Vote of Security Holders

                  None.

PART II

Item 5.  Market for the Registrant's Common Equity and Related Stockholders
         Matters

                  Each Class of the Securities representing investors' interests
         in the Trust is represented by a single Security of such Class
         registered in the name of Cede & Co., the nominee of The Depository
         Trust Company. To the best knowledge of the Registrant, there is no
         established public trading market for any Class of the Securities.

Item 6.  Selected Financial Data

                  Not applicable.

Item 7.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations

                  Not applicable.

Item 7A. Quantitative and Qualitative Disclosure About Market Risk

                  Not applicable.

Item 8.  Financial Statements and Supplementary Data

                  Not applicable.

Item 9.  Changes in and Disagreements with Accountants on Accounting and
         Financial Disclosure

                  None.

PART III

Item 10. Directors and Executive Officers of the Registrant

                  Not applicable.

Item 11. Executive Compensation

                  Not applicable.

Item 12. Security Ownership of Certain Beneficial Owners and Management

                  The Securities representing investors' interests in the Trust
         are represented by a single Security registered in the name of Cede &
         Co., the nominee of DTC, and an investor holding an interest in the
         Trust is not entitled to receive a Security representing such interest
         except in certain limited circumstances. Accordingly, Cede & Co. is the
         sole holder of record of Securities, which it holds on behalf of
         brokers, dealers, banks and other direct participants in the DTC
         system. Such direct participants may hold Securities for their own
         accounts or for the accounts of their customers. The name and address
         of Cede & Co. is:

                                    Cede & Co.
                                    c/o The Depository Trust Company
                                    55 Water Street
                                    New York, New York  10041

                  The Transferor is not aware of any Schedules 13D or 13G filed
with the Commission in respect of the Securities.


Item 13. Certain Relationships and Related Transactions

                  Not applicable.

Item 14. Controls and Procedures

                  Not applicable.

PART IV

Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K

    (a)      1.       Financial Statements:              Not Applicable

             2.       Financial Statement Schedules:     Not Applicable

3.             See Exhibit Index


    (b)      The following reports on Form 8-K were filed during the fourth
             fiscal quarter of 2002.

                  Filing Date of Report                       Items Covered

                  October  16, 2002                           5 & 7
                  November  12, 2002                          5 & 7
                  December  17, 2002                          5 & 7

    (c)      See Exhibit Index

    (d)      Not applicable.






SIGNATURES

         Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized, on this 28th day of
March, 2003.

                  METRIS RECEIVABLES, INC.,
                  as originator of the Metris Master Trust

                  By:      /s/ Scott R. Fjellman
                  Name:    Scott R. Fjellman
                  Title:   Senior Vice President and Treasurer
                           Metris Receivables, Inc.,
                           as Transferor


                                   Certification

I, John A. Witham, certify that:

1.   I have reviewed this annual report on Form 10-K, and all reports on Form
     8-K containing distribution or servicing reports filed in respect of
     periods included in the year covered by this annual report, of Metris
     Master Trust;

2.   Based on my knowledge, the information in these reports, taken as a whole,
     does not contain any untrue statement of a material fact or omit to state a
     material fact necessary to make the statements made, in light of the
     circumstances under which such statements were made, not misleading as of
     the last day of the period covered by this annual report;

3.   Based on my knowledge, the distribution or servicing information required
     to be provided to the trustee by the servicer under the pooling and
     servicing, or similar, agreement, for inclusion in these reports is
     included in these reports;

4.   Based on my knowledge and upon the annual compliance statement included in
     the report and required to be delivered to the trustee in accordance with
     the terms of the pooling and servicing, or similar, agreement, and except
     as disclosed in the reports, the servicer has fulfilled its obligations
     under the servicing agreement; and

5.   The reports disclose all significant deficiencies relating to the
     servicer's compliance with the minimum servicing standards based upon the
     report provided by an independent public accountant, after conducting a
     review in compliance with the Uniform Single Attestation Program for
     Mortgage Bankers or similar procedure, as set forth in the pooling and
     servicing, or similar, agreement, that is included in these reports.



Date: March 28, 2003



         /s/ John A. Witham
Name:    John A. Witham
Title:   President - Metris Receivables, Inc.,
         as originator of the Metris Master Trust



                                INDEX TO EXHIBITS


Exhibit   Description of
Number    Exhibit

     3.1  Amended  and  Restated   Certificate   of   Incorporation   of  Metris
          Receivables,  Inc.  (incorporated  by reference to Exhibit 3(a) to the
          Registrant's Registration Statement on Form S-3, No. 333-23045).

     3.2  Bylaws of Metris Receivables,  Inc. f/k/a Fingerhut Financial Services
          Receivables,  Inc.  (incorporated  by reference to Exhibit 3(b) to the
          Registrant's Registration Statement on Form S-3, No. 33-99514).

     10.1 Second Amended and Restated Bank Receivables Purchase Agreement, dated
          as of January 22, 2002,  between  Direct  Merchants  Credit Card Bank,
          National  Association,  as Seller, and Metris Companies Inc., as Buyer
          (incorporated by reference to Exhibit 4.1 to the Registrant's  Current
          Report on Form 8-K filed January 24, 2002).

     10.2 Second Amended and Restated  Purchase  Agreement,  dated as of January
          22,  2002,  between  Metris  Companies  Inc.,  as  Seller,  and Metris
          Receivables,  Inc., as Buyer (incorporated by reference to Exhibit 4.2
          to the  Registrant's  Current  Report  on Form 8-K filed  January  24,
          2002).

     10.3 Second Amended and Restated Pooling and Servicing Agreement,  dated as
          of January 22, 2002,  among Metris  Receivables,  Inc., as Transferor,
          Direct Merchants Credit Card Bank, National Association,  as Servicer,
          and U.S.  Bank  National  Association,  as  Trustee  (incorporated  by
          reference to Exhibit 4.3 to the  Registrant's  Current  Report on Form
          8-K filed January 24, 2002).

     10.4 Amendment No. 1 to the Second  Amended and Restated  Bank  Receivables
          Purchase  Agreement,  dated  as  of  June  14,  2002,  between  Metris
          Companies  Inc.,  as Buyer,  and Direct  Merchants  Credit  Card Bank,
          National Association,  as Seller (incorporated by reference to Exhibit
          4.1 to the  Registrant's  Current  Report on Form 8-K  filed  June 18,
          2002).

     10.5 Amendment No. 1 to the Second Amended and Restated Purchase Agreement,
          dated as of June 14, 2002, between Metris Receivables, Inc., as Buyer,
          and Metris  Companies  Inc., as Seller  (incorporated  by reference to
          Exhibit 4.2 to the Registrant's  Current Report on Form 8-K filed June
          18, 2002).

     10.6 Amendment No. 1 to the Metris Master Trust Second Amended and Restated
          Pooling and  Servicing  Agreement,  dated as of June 14,  2002,  among
          Metris Receivables,  Inc., as Transferor, Direct Merchants Credit Card
          Bank,  National  Association,  as  Servicer,  and U.S.  Bank  National
          Association,  as Trustee  (incorporated by reference to Exhibit 4.3 to
          the Registrant's Current Report on Form 8-K filed June 18, 2002).

     99.1 Annual Servicer's Certificate dated March 27, 2003

     99.2 Supplementary Metris Master Trust Data

     99.3 Independent Public  Accountant's Review of Agreed Upon Procedures with
          exceptions



                                                                   Exhibit 99.1

                          ANNUAL SERVICER'S CERTIFICATE
                            METRIS RECEIVABLES, INC.
                               METRIS MASTER TRUST

         The undersigned, a duly authorized officer of Direct Merchants Credit
Card Bank, National Association, as Servicer pursuant to the Second Amended and
Restated Pooling and Servicing Agreement dated January 22, 2002 (as amended, the
"Pooling and Servicing Agreement"), by and among Metris Receivables, Inc., as
transferor (the "Transferor"), Direct Merchants Credit Card Bank, National
Association, as servicer (the "Servicer"), and U.S. Bank National Association, a
national banking association, as trustee (the "Trustee"), does hereby certify
that:

         1. Direct Merchants Credit Card Bank, National Association, is
Servicer under the Pooling and Servicing Agreement.

         2. The undersigned is duly authorized pursuant to the Pooling and
Servicing Agreement to execute and deliver this Certificate to the Trustee.

         3. This Certificate is delivered pursuant to Section 3.5 of the
Pooling and Servicing Agreement.

         4. A review of the activities of the Servicer during the period from
January 1, 2002 until December 31, 2002 was conducted under my supervision.

         5. Based on such review, the Servicer has, to the best of my knowledge,
fully performed all of its obligations under the Pooling and Servicing Agreement
throughout such period and no default in the performance of such obligations has
occurred or is continuing except as set forth in paragraph 6 below.

         6. The following is a description of each default in the performance of
the Servicer's obligations under the provisions of the Pooling and Servicing
Agreement, including any Supplement, known to me to have been made during such
period which sets forth in detail (i) the nature of each such default, (ii) the
action taken by the Servicer, if any, to remedy each such default and (iii) the
current status of each such default:

            None.

         IN WITNESS WHEREOF, the undersigned has duly executed this certificate
on March 28, 2003.

                        DIRECT MERCHANTS CREDIT CARD BANK,
                        NATIONAL ASSOCIATION, as Servicer

                               /s/ Scott R. Fjellman
                        Name:  Scott R. Fjellman
                        Title: Senior Vice President, Treasurer & Cashier



Exhibit 99.2


                     SUPPLEMENTARY METRIS MASTER TRUST DATA
                                  SERIES 1999-1
<TABLE>

<S>      <C>                                                                  <C>
1.       The total amount distributed during 2002 stated on the basis         Class A  $ 21.3261500
         of an original principal amount of $1,000 per Security:


2.       The amount of such distribution allocable to Security                Class A  $ 0
         Principal stated on the basis of an original principal
         amount of $1,000 per Security:


3.       The amount of such distribution allocable to Security                Class A  $ 21.3261500
         Interest stated on the basis of an original principal amount
         of $1,000 per Security:


4.       The amount of Principal Collections received in the                  Class A  $ 282,573,628.43
         Collection Account during the period from January 1, 2002 to
         December 31, 2002 and allocated in respect of the Class A
         Securities.


5.       The amount of Finance Charge Collections processed during            Class A  $ 132,069,809.37
         the period from January 1, 2002 to December 31, 2002 and
         allocated in respect of the Class A Securities.

6.       The aggregate amount of the:

         Principal Receivables                                                $ 9,809,563,579.49{1}
         Invested Amount                                                      $   549,450,550.00{1}
         Class A Invested Amount                                              $   500,000,000.00

         Floating Allocation Percentage                                               5.6011722%{1}
         Class A Floating Allocation Percentage                                       5.0970667%

         each as of the end of the day on December 31, 2002.

7.       The aggregate outstanding balance of Receivables which are :

                           Current
                           30 Days to 59 Days                                 $ 8,481,965,249.50
                           60 Days to 89 Days                                 $   673,837,523.22
                           90 Days and Over                                   $   356,150,797.27
                                                                              $   893,145,229.81
         as of the end of the day on December 31, 2002.

8.       The aggregate Investor Default Amount for the period from            $    89,511,120.07
         January 1, 2002 to December 31, 2002.

9.       The aggregate amount of Class A Investor Charge-Offs from            Class A  $ 0
         January 1, 2002 to December 31, 2002.

10.      The amount of the Servicing Fee for the period from January          $    10,989,011.00{1}
         1, 2002 to December 31, 2002.

11.      The Class A Pool Factor as of December 31, 2002:                     Class A Pool Factor 1.0000000


12.      The amount of Redirected Class B Principal Collections for           $  0.00
         the period from January 1, 2002 to December 31, 2002.

13.      The aggregate amount of funds in the Excess Funding Account          $  0.00
         and the Pre-Funding Account at December 31, 2002.

14.      Policy Claim Amount for the period from January 1, 2002 to           $  0.00
         December 31, 2002.


</TABLE>

{1}  Figure includes all classes of securities for Series including those
     privately held.


                     SUPPLEMENTARY METRIS MASTER TRUST DATA
                                  SERIES 1999-2
<TABLE>
<S>      <C>                                                                  <C>
1.       The total amount distributed during 2002 stated on the basis         Class A  $ 23.0450389
         of an original principal amount of $1,000 per Security:


2.       The amount of such distribution allocable to Security                Class A  $ 0
         Principal stated on the basis of an original principal
         amount of $1,000 per Security:

3.       The amount of such distribution allocable to Security                Class A  $ 23.0450389
         Interest stated on the basis of an original principal amount
         of $1,000 per Security:

4.       The amount of Principal Collections received in the                  Class A  $ 282,573,628.43
         Collection Account during the period from January 1, 2002 to
         December 31, 2002 and allocated in respect of the Class A
         Securities.

5.       The amount of Finance Charge Collections processed during            Class A  $ 132,069,809.37
         the period from January 1, 2002 to December 31, 2002 and
         allocated in respect of the Class A Securities.

6.       The aggregate amount of the:

         Principal Receivables                                                $ 9,809,563,579.49{1}
         Invested Amount                                                      $   549,450,550.00{1}
         Class A Invested Amount                                              $   500,000,000.00

         Floating Allocation Percentage                                               5.6011722%{1}
         Class A Floating Allocation Percentage                                       5.0970667%

         each as of the end of the day on December 31, 2002.

7.       The aggregate outstanding balance of Receivables which are :

                           Current
                           30 Days to 59 Days                                 $ 8,481,965,249.50
                           60 Days to 89 Days                                 $   673,837,523.22
                           90 Days and Over                                   $   356,150,797.27
                                                                              $   893,145,229.81
         as of the end of the day on December 31, 2002.

8.       The aggregate Investor Default Amount for the period from            $    89,511,120.07
         January 1, 2002 to December 31, 2002.

9.       The aggregate amount of Class A Investor Charge-Offs for the         Class A  $ 0
         period from January 1, 2002 to December 31, 2002.

10.      The amount of the Servicing Fee for the period from January          $    10,989,011.00{1}
         1, 2002 to December 31, 2002.

11.      The Class A Pool Factor as of December 31, 2002:                     Class A Pool Factor 1.0000000


12.      The amount of Redirected Class B Principal Collections for           $  0.00
         the period from January 1, 2002 to December 31, 2002.

13.      The aggregate amount of funds in the Excess Funding Account          $  0.00
         and the Pre-Funding Account at December 31, 2002.

14.      Policy Claim Amount for the period from January 1, 2002 to           $  0.00
         December 31, 2002.

</TABLE>


{1}  Figure includes all classes of securities for Series including those
     privately held.




                     SUPPLEMENTARY METRIS MASTER TRUST DATA
                                  SERIES 1999-3
<TABLE>
<S>      <C>                                                                  <C>
1.       The total amount distributed during 2002 stated on the basis         Class A  $ 22.0339278
         of an original principal amount of $1,000 per Security:


2.       The amount of such distribution allocable to Security                Class A  $ 0
         Principal stated on the basis of an original principal
         amount of $1,000 per Security:

3.       The amount of such distribution allocable to Security                Class A  $ 22.0339278
         Interest stated on the basis of an original principal amount
         of $1,000 per Security:

4.       The amount of Principal Collections received in the                  Class A  $169,544,177.06
         Collection Account during the period from January 1, 2002 to
         December 31, 2002 and allocated in respect of the Class A Securities:

5.       The amount of Finance Charge Collections processed during            Class A  $ 79,241,885.57
         the period from January 1, 2002 to December 31, 2002 and
         allocated in respect of the Class A Securities.

6.       The aggregate amount of the:

         Principal Receivables                                                $ 9,809,563,579.49{1}
         Invested Amount                                                      $   329,670,330.00{1}
         Class A Invested Amount                                              $   300,000,000.00

         Floating Allocation Percentage                                               3.3607033%{1}
         Class A Floating Allocation Percentage                                       3.0582400%

         each as of the end of the day on December 31, 2002.

7.       The aggregate outstanding balance of Receivables which are :

                           Current
                           30 Days to 59 Days                                 $ 8,481,965,249.50
                           60 Days to 89 Days                                 $   673,837,523.22
                           90 Days and Over                                   $   356,150,797.27
                                                                              $   893,145,229.81
         as of the end of the day on December 31, 2002.

8.       The aggregate Investor Default Amount for the period from            $    53,706,672.04
         January 1, 2002 to December 31, 2002.

9.       The aggregate amount of Class A Investor Charge-Offs for the         Class A  $ 0
         period from January 1, 2002 to December 31, 2002.

10.      The amount of the Servicing Fee for the period from January          $     6,593,406.60{1}
         1, 2002 to December 31, 2002.

11.      The Class A Pool Factor as of December 31, 2002:                     Class A Pool Factor 1.0000000


12.      The amount of Redirected Class B Principal Collections for           $  0.00
         the period from January 1, 2002 to December 31, 2002.

13.      The aggregate amount of funds in the Excess Funding Account          $  0.00
         and the Pre-Funding Account at December 31, 2002.

14.      Policy Claim Amount for the period from January 1, 2002 to           $  0.00
         December 31, 2002.
</TABLE>



{1}  Figure includes all classes of securities for Series including those
     privately held.







                     SUPPLEMENTARY METRIS MASTER TRUST DATA
                                  SERIES 2000-1
<TABLE>
<S>      <C>                                                                  <C>
1.       The total amount distributed during 2002 stated on the basis         Class A  $ 20.8205944
         of an original principal amount of $1,000 per Security:              Class B  $ 24.6628154


2.       The amount of such distribution allocable to Security                Class A  $ 0
         Principal stated on the basis of an original principal               Class B  $ 0
         amount of $1,000 per Security:

3.       The amount of such distribution allocable to Security                Class A  $ 20.8205944
         Interest stated on the basis of an original principal amount         Class B  $ 24.6628154
         of $1,000 per Security:

4.       The amount of Principal Collections received in the                  Class A  $ 252,911,309.51
         Collection Account during the period from January 1, 2002 to         Class B  $  38,405,146.99

         December 31, 2002 and allocated in respect of the Class A                     $ 291,316,456.50
         Securities and the Class B Securities, respectively:

5.       The amount of Finance Charge Collections processed during            Class A  $ 118,206,177.29
         the period from January 1, 2002 to December 31, 2002 and             Class B  $  17,949,871.92

         allocated in respect of the Class A Securities and the Class                  $ 136,156,049.21
         B Securities, respectively:

6.       The aggregate amount of the:

         Principal Receivables                                                $ 9,809,563,579.49{1}
         Invested Amount                                                      $   662,983,425.00{1}
         Class A Invested Amount                                              $   447,514,000.00
         Class B Invested Amount                                              $    67,956,000.00

         Floating Allocation Percentage                                               6.7585415%{1}
         Class A Floating Allocation Percentage                                       4.5620174%
         Class B Floating Allocation Percentage                                       0.6927525%

         Each as of the end of the day on December 31, 2002.

7.       The aggregate outstanding balance of Receivables which are :

                           Current
                           30 Days to 59 Days                                 $ 8,481,965,249.50
                           60 Days to 89 Days                                 $   673,837,523.22
                           90 Days and Over                                   $   356,150,797.27
                                                                              $   893,145,229.81
         as of the end of the day on December 31, 2002.

8.       The aggregate Investor Default Amount for the period from            $   108,006,787.80
         January 1, 2002 to December 31, 2002.

9.       The aggregate amount of Class A Investor Charge-Offs and             Class A  $ 0
         Class B Investor Charge-Offs for the period from January 1,          Class B  $ 0
         2002 to December 31, 2002.

10.      The amount of the Servicing Fee for the period from January          $    13,259,668.50
         1, 2002 to December 31, 2002.

11.      The Class A Pool Factor as of December 31, 2002:                     Class A Pool Factor 1.0000000


12.      The amount of Redirected Class B Principal Collections for           $  0.00
         the period from January 1, 2002 to December 31, 2002.

13.      The aggregate amount of funds in the Excess Funding Account          $  0.00
         and the Pre-Funding Account at December 31, 2002.
</TABLE>



{1}  Figure includes all classes of securities for Series including those
     privately held.


                     SUPPLEMENTARY METRIS MASTER TRUST DATA
                                  SERIES 2000-2
<TABLE>
<S>      <C>                                                                  <C>
1.       The total amount distributed during 2002 stated on the basis         Class A  $ 19.9105945
         of an original principal amount of $1,000 per Security:              Class B  $ 23.8539277


2.       The amount of such distribution allocable to Security                Class A  $ 0
         Principal stated on the basis of an original principal               Class B  $ 0
         amount of $1,000 per Security:

3.       The amount of such distribution allocable to Security                Class A  $ 19.9105945
         Interest stated on the basis of an original principal amount         Class B  $ 23.8539277
         of $1,000 per Security:

4.       The amount of Principal Collections received in the                  Class A  $ 252,911,309.51
         Collection Account during the period from January 1, 2002 to         Class B  $  38,405,146.99
         December 31, 2002 and allocated in respect of the Class A                     $ 291,316,456.50
         Securities and the Class B Securities, respectively:

5.       The amount of Finance Charge Collections processed during            Class A  $ 118,206,177.29
         the period from January 1, 2002 to December 31, 2002 and             Class B  $  17,949,871.92
         allocated in respect of the Class A Securities and the Class                  $ 136,156,049.21
         B Securities, respectively:

6.       The aggregate amount of the:

         Principal Receivables                                                $ 9,809,563,579.49{1}
         Invested Amount                                                      $   662,983,425.00{1}
         Class A Invested Amount                                              $   447,514,000.00
         Class B Invested Amount                                              $    67,956,000.00

         Floating Allocation Percentage                                               6.7585415%{1}
         Class A Floating Allocation Percentage                                       4.5620174%
         Class B Floating Allocation Percentage                                       0.6927525%

         each as of the end of the day on December 31, 2002.

7.       The aggregate outstanding balance of Receivables which are :

                           Current
                           30 Days to 59 Days                                 $ 8,481,965,249.50
                           60 Days to 89 Days                                 $   673,837,523.22
                           90 Days and Over                                   $   356,150,797.27
                                                                              $   893,145,229.81
         as of the end of the day on December 31, 2002.

8.       The aggregate Investor Default Amount for the period from            $   108,006,787.80
         January 1, 2001 to December 31, 2002.

9.       The aggregate amount of Class A Investor Charge-Offs and             Class A  $ 0
         Class B Investor Charge-Offs for the period from January 1,          Class B  $ 0
         2002 to December 31, 2002.

10.      The amount of the Servicing Fee for the period from January          $    13,259,668.50
         1, 2002 to December 31, 2002.

11.      The Class A Pool Factor as of December 31, 2002:                     Class A Pool Factor 1.0000000


12.      The amount of Redirected Class B Principal Collections for           $  0.00
         the period from January 1, 2002 to December 31, 2002.

13.      The aggregate amount of funds in the Excess Funding Account          $  0.00
         and the Pre-Funding Account at December 31, 2002.
</TABLE>



{1}  Figure includes all classes of securities for Series including those
     privately held.


                     SUPPLEMENTARY METRIS MASTER TRUST DATA
                                  SERIES 2000-3
<TABLE>
<S>      <C>                                                                  <C>
1.       The total amount distributed during 2002 stated on the basis         Class A  $ 20.4161500
         of an original principal amount of $1,000 per Security:              Class B  $ 24.6628170


2.       The amount of such distribution allocable to Security                Class A  $ 0
         Principal stated on the basis of an original principal               Class B  $ 0
         amount of $1,000 per Security:

3.       The amount of such distribution allocable to Security                Class A  $ 20.4161500
         Interest stated on the basis of an original principal amount         Class B  $ 24.6628170
         of $1,000 per Security:

4.       The amount of Principal Collections received in the                  Class A  $ 210,759,236.21
         Collection Account during the period from January 1, 2002 to         Class B  $  37,468,132.84
         December 31, 2002 and allocated in respect of the Class A                     $ 248,227,369.05
         Securities and the Class B Securities, respectively:

5.       The amount of Finance Charge Collections processed during            Class A  $  98,505,059.70
         the period from January 1, 2002 to December 31, 2002 and             Class B  $  17,511,928.43
         allocated in respect of the Class A Securities and the Class                  $ 116,016,988.13
         B Securities, respectively:


6.       The aggregate amount of the:

         Principal Receivables                                                $ 9,809,563,579.49{1}
         Invested Amount                                                      $   552,486,188.00{1}
         Class A Invested Amount                                              $   372,928,000.00
         Class B Invested Amount                                              $    66,298,000.00

         Floating Allocation Percentage                                               5.6321179%{1}
         Class A Floating Allocation Percentage                                       3.8016778%
         Class B Floating Allocation Percentage                                       0.6758507%

         each as of the end of the day on December 31, 2002.

7.       The aggregate outstanding balance of Receivables which are :

                           Current
                           30 Days to 59 Days                                 $ 8,481,965,249.50
                           60 Days to 89 Days                                 $   673,837,523.22
                           90 Days and Over                                   $   356,150,797.27
                                                                              $   893,145,229.81
         as of the end of the day on December 31, 2002.

8.       The aggregate Investor Default Amount for the period from            $    90,005,656.58
         January 1, 2002 to December 31, 2002.

9.       The aggregate amount of Class A Investor Charge-Offs and             Class A  $ 0
         Class B Investor Charge-Offs for the period from January 1,          Class B  $ 0
         2002 to December 31, 2002.

10.      The amount of the Servicing Fee for the period from January          $    11,049,723.76
         1, 2002 to December 31, 2002.

11.      The Class A Pool Factor as of December 31, 2002:                     Class A Pool Factor 1.0000000


12.      The amount of Redirected Class B Principal Collections for           $  0.00
         the period from January 1, 2002 to December 31, 2002.

13.      The aggregate amount of funds in the Excess Funding Account          $  0.00
         and the Pre-Funding Account at December 31, 2002.
</TABLE>



{1}  Figure includes all classes of securities for Series including those
     privately held.



                     SUPPLEMENTARY METRIS MASTER TRUST DATA
                                  SERIES 2001-1
<TABLE>
<S>      <C>                                                                  <C>
1.       The total amount distributed during 2002 stated on the basis         Class A  $ 20.0117056
         of an original principal amount of $1,000 per Security:              Class B  $ 25.8761500


2.       The amount of such distribution allocable to Security                Class A  $ 0
         Principal stated on the basis of an original principal               Class B  $ 0
         amount of $1,000 per Security:

3.       The amount of such distribution allocable to Security                Class A  $ 20.0117056
         Interest stated on the basis of an original principal amount         Class B  $ 25.8761500
         of $1,000 per Security:

4.       The amount of Principal Collections received in the                  Class A  $ 257,126,177.75
         Collection Account during the period from January 1, 2002 to         Class B  $  45,711,370.72
         December 31, 2002 and allocated in respect of the Class A                     $ 302,837,548.47
         Securities and the Class B Securities, respectively:

5.       The amount of Finance Charge Collections processed during            Class A  $ 120,176,130.56
         the period from January 1, 2002 to December 31, 2002 and             Class B  $  21,364,668.92
         allocated in respect of the Class A Securities and the Class                  $ 141,540,799.48
         B Securities, respectively:

6.       The aggregate amount of the:

         Principal Receivables                                                $ 9,809,563,579.49{1}
         Invested Amount                                                      $   674,033,149.00{1}
         Class A Invested Amount                                              $   454,972,000.00
         Class B Invested Amount                                              $    80,884,000.00

         Floating Allocation Percentage                                               6.8711839%{1}
         Class A Floating Allocation Percentage                                       4.6380453%
         Class B Floating Allocation Percentage                                       0.8245423%

         each as of the end of the day on December 31, 2002.

7.       The aggregate outstanding balance of Receivables which are :

                           Current
                           30 Days to 59 Days                                 $ 8,481,965,249.50
                           60 Days to 89 Days                                 $   673,837,523.22
                           90 Days and Over                                   $   356,150,797.27
                                                                              $   893,145,229.81
         as of the end of the day on December 31, 2002.

8.       The aggregate Investor Default Amount for the period from            $   109,806,900.97
         January 1, 2002 to December 31, 2002.

                  9.       The aggregate amount of Class A Investor           Class A  $ 0
         Charge-Offs and Class B Investor Charge-Offs for the period          Class B  $ 0
         from January 1, 2001 to December 31, 2002.

10.      The amount of the Servicing Fee for the period from January          $    13,480,662.98
         1, 2002 to December 31, 2002.

11.      The Class A Pool Factor as of December 31, 2002:                     Class A Pool Factor 1.0000000


12.      The amount of Redirected Class B Principal Collections for           $  0.00
         the period from January 1, 2002 to December 31, 2002.

13.      The aggregate amount of funds in the Excess Funding Account          $  0.00
         and the Pre-Funding Account at December 31, 2002.
</TABLE>



{1}  Figure includes all classes of securities for Series including those
     privately held.



                     SUPPLEMENTARY METRIS MASTER TRUST DATA
                                  SERIES 2001-2
<TABLE>
<S>      <C>                                                                  <C>
1.       The total amount distributed during 2002 stated on the basis         Class A  $ 21.0228167
         of an original principal amount of $1,000 per Security:              Class B  $ 28.7072613


2.       The amount of such distribution allocable to Security                Class A  $ 0
         Principal stated on the basis of an original principal               Class B  $ 0
         amount of $1,000 per Security:

3.       The amount of such distribution allocable to Security                Class A  $ 21.0228167
         Interest stated on the basis of an original principal amount         Class B  $ 28.7072613
         of $1,000 per Security:

4.       The amount of Principal Collections received in the                  Class A  $ 316,138,854.31
         Collection Account during the period from      January 1,            Class B  $  56,202,764.40
         2002 to December 31, 2002 and allocated in respect of the                     $ 372,341,618.71
         Class A Securities and the Class B Securities, respectively:

5.       The amount of Finance Charge Collections processed during            Class A  $ 147,757,589.47
         the period from January 1, 2002 to December 31, 2002 and             Class B  $  26,268,156.77
         allocated in respect of the Class A Securities and the Class                  $ 174,025,746.24
         B Securities, respectively:

6.       The aggregate amount of the:

         Principal Receivables                                                $ 9,809,563,579.49{1}
         Invested Amount                                                      $   828,729.282.00{1}
         Class A Invested Amount                                              $   559,392,000.00
         Class B Invested Amount                                              $    99,448,000.00

         Floating Allocation Percentage                                               8.4481769%{1}
         Class A Floating Allocation Percentage                                       5.7025167%
         Class B Floating Allocation Percentage                                       1.0137862%

         each as of the end of the day on December 31, 2002.

7.       The aggregate outstanding balance of Receivables which are :

                           Current
                           30 Days to 59 Days                                 $ 8,481,965,249.50
                           60 Days to 89 Days                                 $   673,837,523.22
                           90 Days and Over                                   $   356,150,797.27
                                                                              $   893,145,229.81
         as of the end of the day on December 31, 2002.

8.       The aggregate Investor Default Amount for the period from            $   135,008,484.88
         January 1, 2002 to December 31, 2002.

9.       The aggregate amount of Class A Investor Charge-Offs and             Class A  $ 0
         Class B Investor Charge-Offs for the period from January 1,          Class B  $ 0
         2002 to December 31, 2002.

10.      The amount of the Servicing Fee for the period from January          $    16,574,585.64
         1, 2002 to December 31, 2002.

11.      The Class A Pool Factor as of December 31, 2002:                     Class A Pool Factor 1.0000000


12.      The amount of Redirected Class B Principal Collections for           $  0.00
         the period from January 1, 2002 to December 31, 2002.

13.      The aggregate amount of funds in the Excess Funding Account          $  0.00
         and the Pre-Funding Account at December 31, 2002.
</TABLE>



{1}  Figure includes all classes of securities for Series including those
     privately held.



                     SUPPLEMENTARY METRIS MASTER TRUST DATA
                                  SERIES 2001-3
<TABLE>
<S>      <C>                                                                  <C>
1.       The total amount distributed during 2002 stated on the basis         Class A  $ 20.1128167
         of an original principal amount of $1,000 per Security:              Class B  $ 26.8872612


2.       The amount of such distribution allocable to Security                Class A  $ 0
         Principal stated on the basis of an original principal               Class B  $ 0
         amount of $1,000 per Security:

3.       The amount of such distribution allocable to Security                Class A  $ 20.1128167
         Interest stated on the basis of an original principal amount         Class B  $ 26.8872612
         of $1,000 per Security:

4.       The amount of Principal Collections received in the                  Class A  $ 273,987,346.16
         Collection Account during the period                                 Class B  $  48,708,911.77
         from January 1, 2002 to December                                              $ 322,696,257.93
         31, 2002 and allocated in respect of the Class A Securities
         and the Class B Securities, respectively:

5.       The amount of Finance Charge Collections processed during            Class A  $ 128,056,736.12
         the period from January 1, 2002 to December 31, 2002 and             Class B  $  22,765,665.43
         allocated in respect of the Class A Securities and the Class                  $ 150,822,401.55
         B Securities, respectively:

6.       The aggregate amount of the:

         Principal Receivables                                                $ 9,809,563,579.49{1}
         Invested Amount                                                      $   718,232,044.00{1}
         Class A Invested Amount                                              $   484,807,000.00
         Class B Invested Amount                                              $    86,188,000.00

         Floating Allocation Percentage                                               7.3217533%{1}
         Class A Floating Allocation Percentage                                       4.9421872%
         Class B Floating Allocation Percentage                                       0.8786120%

         each as of the end of the day on December 31, 2002.

7.       The aggregate outstanding balance of Receivables which are :

                           Current
                           30 Days to 59 Days                                 $ 8,481,965,249.50
                           60 Days to 89 Days                                 $   673,837,523.22
                           90 Days and Over                                   $   356,150,797.27
                                                                              $   893,145,229.81
         as of the end of the day on December 31, 2002.

8.       The aggregate Investor Default Amount for the period from            $   117,007,353.49
         January 1, 2002 to December 31, 2002.

9.       The aggregate amount of Class A Investor Charge-Offs and             Class A  $ 0
         Class B Investor Charge-Offs for the period from January 1,          Class B  $ 0
         2002 to December 31, 2002.

10.      The amount of the Servicing Fee for the period from January          $    14,364,640.88
         1, 2002 to December 31, 2002.

11.      The Class A Pool Factor as of December 31, 2002:                     Class A Pool Factor 1.0000000


12.      The amount of Redirected Class B Principal Collections for           $  0.00
         the period from January 1, 2002 to December 31, 2002.

13.      The aggregate amount of funds in the Excess Funding Account          $  0.00
         and the Pre-Funding Account at December 31, 2002.
</TABLE>



{1}  Figure includes all classes of securities for Series including those
     privately held.


                     SUPPLEMENTARY METRIS MASTER TRUST DATA
                                  SERIES 2001-4
<TABLE>
<S>      <C>                                                                  <C>
1.       The total amount distributed during 2002 stated on the basis         Class A  $ 21.3261500
         of an original principal amount of $1,000 per Security:              Class B  $ 31.9428170


2.       The amount of such distribution allocable to Security                Class A  $ 0
         Principal stated on the basis of an original principal               Class B  $ 0
         amount of $1,000 per Security:

3.       The amount of such distribution allocable to Security                Class A  $ 21.3261500
         Interest stated on the basis of an original principal amount         Class B  $ 31.9428170
         of $1,000 per Security:

4.       The amount of Principal Collections received in the                  Class A  $ 210,759,236.21
         Collection Account during the period from January 1, 2002 to         Class B  $  37,468,132.84
         December 31, 2002 and allocated in respect of the Class A                     $ 248,227,369.05
         Securities and the Class B Securities, respectively:

5.       The amount of Finance Charge Collections  processed during           Class A  $  98,505,059.70
         the period from January 1, 2002 to December 31, 2002 and             Class B  $  17,511,928.43
         allocated in respect of the Class A Securities and the Class                  $ 116,016,988.13
         B Securities, respectively:

6.       The aggregate amount of the:

         Principal Receivables                                                $ 9,809,563,579.49{1}
         Invested Amount                                                      $   552,486,188.00{1}
         Class A Invested Amount                                              $   372,928,000.00
         Class B Invested Amount                                              $    66,298,000.00

         Floating Allocation Percentage                                               5.6321179%{1}
         Class A Floating Allocation Percentage                                       3.8016778%
         Class B Floating Allocation Percentage                                       0.6758507%

         each as of the end of the day on December 31, 2002.

7.       The aggregate outstanding balance of Receivables which are :

                           Current
                           30 Days to 59 Days                                 $ 8,481,965,249.50
                           60 Days to 89 Days                                 $   673,837,523.22
                           90 Days and Over                                   $   356,150,797.27
                                                                              $   893,145,229.81
         as of the end of the day on December 31, 2002.

8.       The aggregate Investor Default Amount for the period from            $ 90,005,656.58
         January 1, 2002 to December 31, 2002.

9.       The aggregate amount of Class A Investor Charge-Offs and             Class A  $ 0
         Class B Investor Charge-Offs for the period from January 1,          Class B  $ 0
         2002 to December 31, 2002.

10.      The amount of the Servicing Fee for the period from January          $    11,049,723.76
         1, 2002 to December 31, 2002.

11.      The Class A Pool Factor as of December 31, 2002:                     Class A Pool Factor 1.0000000


12.      The amount of Redirected Class B Principal Collections for           $  0.00
         the period from January 1, 2002 to December 31, 2002.

13.      The aggregate amount of funds in the Excess Funding Account          $  0.00
         and the Pre-Funding Account at December 31, 2002.
</TABLE>



{1}  Figure includes all classes of securities for Series including those
     privately held.



                     SUPPLEMENTARY METRIS MASTER TRUST DATA
                                  SERIES 2002-3
<TABLE>
<S>      <C>                                                                  <C>
1.       The total amount distributed during 2002 stated on the basis         Class A  $ 12.9201778
         of an original principal amount of $1,000 per Security:


2.       The amount of such distribution allocable to Security                Class A  $ 0
         Principal stated on the basis of an original principal
         amount of $1,000 per Security:

3.       The amount of such distribution allocable to Security                Class A  $ 12.9201778
         Interest stated on the basis of an original principal amount
         of $1,000 per Security:

4.       The amount of Principal Collections received in the                  Class A  $ 296,804,912.89
         Collection Account during the period from June 4, 2002
         to December 31, 2002 and allocated in respect of the Class A
         Securities:

5.       The amount of Finance Charge Collections processed during            Class A  $ 138,500,433.02
         the period from June 4, 2002 to December 31, 2002 and
         allocated in respect of the Class A Securities:

6.       The aggregate amount of the:

         Principal Receivables                                                $ 9,809,563,579.49{1}
         Invested Amount                                                      $   994,475,138.00{1}
         Class A Invested Amount                                              $   900,000,000.00


         Floating Allocation Percentage                                              10.1378122%{1}
         Class A Floating Allocation Percentage                                       9.1747201%


         each as of the end of the day on December 31, 2002.

7.       The aggregate outstanding balance of Receivables which are :

                           Current
                           30 Days to 59 Days                                 $ 8,481,965,249.50
                           60 Days to 89 Days                                 $   673,837,523.22
                           90 Days and Over                                   $   356,150,797.27
                                                                              $   893,145,229.81
         as of the end of the day on December 31, 2002.

8.       The aggregate Investor Default Amount for the period from            $   100,506,471.12
         June 4, 2002 to December 31, 2002.

9.       The aggregate amount of Class A Investor Charge-Offs for the         Class A  $ 0
         period from June 4, 2002 to December 31, 2002.

10.      The amount of the Servicing Fee for the period from June 4,          $    11,497,767.35
         2002 to December 31, 2002.

11.      The Class A Pool Factor as of December 31, 2002:                     Class A Pool Factor 1.0000000


12.      The amount of Redirected Class B Principal Collections for           $  0.00
         the period from June 4, 2002 to December 31, 2002.

13.      The aggregate amount of funds in the Excess Funding Account          $  0.00
         and the Pre-Funding Account at December 31, 2002.
</TABLE>



{1}  Figure includes all classes of securities for Series including those
     privately held.


                     SUPPLEMENTARY METRIS MASTER TRUST DATA
                                  SERIES 2002-4
<TABLE>
<S>      <C>                                                                  <C>
1.       The total amount distributed during 2002 stated on the basis         Class A  $ 13.4335111
         of an original principal amount of $1,000 per Security:


2.       The amount of such distribution allocable to Security                Class A  $ 0
         Principal stated on the basis of an original principal
         amount of $1,000 per Security:

3.       The amount of such distribution allocable to Security                Class A  $ 13.4335111
         Interest stated on the basis of an original principal amount
         of $1,000 per Security:

4.       The amount of Principal Collections received in the                  Class A  $ 197,869,941.93
         Collection Account during the period from      June 4, 2002
         to December 31, 2002 and allocated in respect of the Class A
         Securities:

5.       The amount of Finance Charge Collections processed during            Class A  $ 92,333,622.04
         the period from June 4, 2002 to December 31, 2002 and
         allocated in respect of the Class A Securities:

6.       The aggregate amount of the:

         Principal Receivables                                                $ 9,809,563,579.49{1}
         Invested Amount                                                      $   662,983,425.00{1}
         Class A Invested Amount                                              $   600,000,000.00

         Floating Allocation Percentage                                               6.7585415%{1}
         Class A Floating Allocation Percentage                                       6.1164801%


         each as of the end of the day on December 31, 2002.

7.       The aggregate outstanding balance of Receivables which are :

                           Current
                           30 Days to 59 Days                                 $ 8,481,965,249.50
                           60 Days to 89 Days                                 $   673,837,523.22
                           90 Days and Over                                   $   356,150,797.27
                                                                              $   893,145,229.81
         as of the end of the day on December 31, 2002.

8.       The aggregate Investor Default Amount for the period from            $    67,004,314.05
         June 4, 2002 to December 31, 2002.

9.       The aggregate amount of Class A Investor Charge-Offs for the         Class A  $ 0
         period from June 4, 2002 to December 31, 2002.

10.      The amount of the Servicing Fee for the period from June 4,          $     7,665,178.23
         2002 to December 31, 2002.

11.      The Class A Pool Factor as of December 31, 2002:                     Class A Pool Factor 1.0000000


12.      The amount of Redirected Class B Principal Collections for           $  0.00
         the period from June 4, 2002 to December 31, 2002.

13.      The aggregate amount of funds in the Excess Funding Account          $  0.00
         and the Pre-Funding Account at December 31, 2002.
</TABLE>



{1}  Figure includes all classes of securities for Series including those
     privately held.







                                                                    Exhibit 99.3

                         INDEPENDENT PUBLIC ACCOUNTANT'S
                        REVIEW OF AGREED UPON PROCEDURES

                         Independent Accountants' Report
                       on Applying Agreed-Upon Procedures

February 14, 2003


Metris Receivables, Inc.
Attn: Treasurer
10900 Wayzata Boulevard, Room 723
Minnetonka, MN 55305

Direct Merchants Credit Card Bank, National Association
17600 North Perimeter Drive
Scottsdale, Arizona 85255

U.S. Bank National Association
Eve Kaplan
180 East Fifth Street
St. Paul, MN 55101

MBIA Insurance Corporation
Attn:  William Cody
113 King Street
Armonk, New York 10504

Moody's Investors Service, Inc.
Attn:  Compliance Department
99 Church Street
New York, New York 10007

Standard & Poor's Ratings Services
Attn:  Compliance Department
55 Water Street
New York, New York 10041

Fitch, Inc.
Attn:  Nancy Stroker, Executive VP Corporate Finance
One State Street Plaza
New York, New York 10004

Ladies and Gentlemen:

Pursuant to Section 3.6(a) and 3.6(b) of the Second Amended and Restated Pooling
and Servicing Agreement dated as of January 22, 2002 (as amended, the
"Agreement") among Metris Receivables, Inc., (the "Transferor"); Direct
Merchants Credit Card Bank, National Association, (the "Servicer"); U.S. Bank
National Association, (the "Trustee"); we have applied the agreed-upon
procedures enumerated below, to selected Metris Master Trust (the "Master
Trust") Daily Reports and Settlement Statements prepared by the Servicer during
the period from January 1, 2002 to December 31, 2002 (the "Period"). We
understand that the Daily Reports and Settlement Statements are prepared in
accordance with requirements described in the Agreement and the relevant
Supplement. We have performed these procedures solely to assist the Transferor;
the Servicer; the Trustee; MBIA Insurance Corporation, as Enhancement Provider;
and Moody's Investor Service, Inc., Standard & Poor's Ratings Services, and
Fitch, Inc., as the Rating Agencies; (collectively, the "Specified Users"); in
evaluating the Servicer's compliance with these requirements.

This agreed-upon procedures engagement was conducted in accordance with
attestation standards established by the American Institute of Certified Public
Accountants. The sufficiency of these procedures is solely the responsibility of
those parties specified in this report. Consequently, we make no representation
regarding the sufficiency of the procedures described below, either for the
purpose for which this report has been requested or for any other purpose.

Capitalized terms used herein without definition will have meanings ascribed to
them in the Agreement or relevant Supplement. Unless otherwise indicated, the
following conventions have been adopted in presenting our procedures and
findings:

         The term "compared" means compared to and found to be in agreement
         with, unless otherwise noted. Such compared amounts and percentages are
         deemed to be in agreement if differences are attributable to rounding
         or if differences are less than $1,000.

         The term "recomputed" means calculated and found the amount so
         calculated to be in agreement with, unless otherwise noted. Such
         recomputed amounts and percentages are deemed to be in agreement if
         differences are attributable to rounding or if differences are less
         than $1,000.

         Accounts Receivable Reports mean computer reports that are used to
         prepare the Daily and Monthly Reports.

         Monthly Report, Settlement Statement, Certificateholder's Statement,
         and Securityholder's Statement all represent the monthly reports for
         which agreed-upon procedures were applied. These descriptions are used
         interchangeably.

We have performed the following procedures:

Section 3.6(a)

1.       For five haphazardly selected days (the "Five Days") within the Period,
         we obtained the Daily Report and compared amounts representing sales,
         cash advances, payments, interest income, charge-offs, miscellaneous
         charges and adjustments amounts set forth in the Daily Report with
         corresponding amounts set forth in the Servicer's accounts receivable
         reports and recomputed the mathematical accuracy of the amounts and
         percentages within the Daily Report.

2.       For the Five Days,  we compared  the cash  transfers  indicated on the
         Daily  Reports to entries on the relevant Master Trust bank statements.

3.       For three haphazardly selected fiscal month ends (the "Three Months")
         in the Period, we compared the aggregate customer balances in the
         "30-59 day delinquent" and "90-119 day delinquent" categories as
         reflected on the monthly Settlement Statements for the Three Months to
         the corresponding amounts set forth in the Servicer's accounts
         receivable aging reports for such month-ends.

4.       For five haphazardly selected weekly periods (the "Five Weeks"), we
         compared beginning and end of week total receivables balances on the
         Servicer's accounts receivable reports with the corresponding balances
         on the corresponding Daily Reports and recomputed each Daily Report's
         beginning and ending Principal Receivables balances and Finance Charge
         Receivables balances, based on the information contained in such Daily
         Reports, for each of the days within the Five Weeks.

5.       For the Five Days, we recomputed the daily allocation of Principal and
         Finance Charge Collections to each series issued under the Agreement
         based upon information appearing on the Daily Report.

6.       For one monthly Settlement Statement in the Period, we compared the
         amounts and percentages appearing therein to the information appearing
         in the corresponding Daily Reports or the reports, which are the source
         of such amounts and percentages or recomputed such percentages to the
         extent they were derived from such information.

Section 3.6(b)

7.       For four haphazardly selected monthly Settlement Statements in the
         Period, we compared amounts and percentages appearing therein to the
         information appearing in the corresponding Daily Reports or other
         reports which are the source of such amounts and percentages or
         recomputed such percentages to the extent they were derived from such
         information.

The above agreed-upon procedures were performed with exceptions noted at Exhibit
1. To the extent a noted exception has caused additional related amounts or
percentages to be incorrect, we have not included such amounts or percentages in
Exhibit 1.

Management of the Direct Merchants Credit Card Bank, National Association, has
represented to us that the Daily and Monthly Reports provided to us are the same
as those provided to the Trustee.

We were not engaged to, and did not conduct, an examination, the objective of
which would be the expression of an opinion on the servicing records.
Accordingly, we do not express such an opinion. Had we performed additional
procedures, other matters might have come to our attention that would have been
reported to you.

This report is intended solely for the information and use of the Specified
Users and is not intended to be and should not be used by anyone other than
these Specified Users.






                                                                      Exhibit I

                                Exception Report

1.   Security Principal Distributed on the March 2001-A Certificateholder's
     Statement did not agree with the amounts on Accounts Receivable Reports.

                              Amount per                   Amounts per Account
                      Certificateholder's Statement        Receivable Reports
     Class B                 $8,619,000.00                   $17,901,000.00
     Class C                 $7,898,000.00                   $16,403,000.00


2.   The Available Reserve Account Amount on the 1997-2 Certificateholder's
     Statement did not agree with the amount per the bank statement.

                              Amount per                        Amount per
                      Certificateholder's Statement           Bank Statement
     June                    $3,272,500.00                        $0.00


3. The Required Reserve Account Amount on the 2001-1 Certificateholder's
   Statement did not agree with the amount recomputed by KPMG.

                              Amount per                        Amount as
                      Certificateholder's Statement             Recomputed
     March                     $0.00                          $3,412,290.00


4.   The Principal Funding Account Investment Proceeds Deposit on the 1998-3
     Certificateholder's Statement did not agree with amounts on bank
     statements.

                              Amount per                        Amount per
                      Certificateholder's Statement           Bank Statement
     January               $200,000,000.00                      $203,707.64
     March                 $400,000,000.00                      $497,091.10


5.   The Principal Funding Account on the 1997-1 Certificateholder's Statement
     did not agree with the amount on the bank statement.

                              Amount per                        Amount per
                      Certificateholder's Statement           Bank Statement
     January                529,833,333.00                    529,743,333.83




6.   The Covered Amount on certain Certificateholder's Statement did not agree
     with the amount recomputed by KPMG.

                           Amount per 1997-1                    Amount as
                      Certificateholder's Statement             Recomputed
     January                 $2,971,480.00                     $2,875,617.88
     March                   $4,467,349.00                     $4,323,210.68

                           Amount per 1998-3                    Amount as
                      Certificateholder's Statement             Recomputed
     January                   $411,396.00                      $384,854.17
     March                     $878,764.00                      $935,458.33

                           Amount per 1997-2                    Amount as
                      Certificateholder's Statement             Recomputed
     September                 $595,306.00                      $615,149.79


7.   The Pool Factors for various classes on the March 1997-1
     Certificateholder's Statement did not agree with the amount recomputed by
     KPMG.

                            Amount per                          Amount as
                      Certificateholder's Statement             Recomputed
     Class A                 1.0000000                              0
     Class B                 1.0000000                              0
     Class C                 1.0000000                              0