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): April 13, 2004

                              METRIS COMPANIES INC.
             (Exact name of registrant as specified in its charter)

                                    Delaware
                            (State of incorporation)

                  1-12351                            41-1849591
         (Commission file number)           (IRS employer identification no.)

            10900 Wayzata Boulevard, Minnetonka, Minnesota 55305-1534
                    (Address of principal executive offices)

                                 (952) 525-5020
                         (Registrant's telephone number)

                                 Not Applicable
          (Former name or former address, if changed since last report)

Item 5.  Other Events.

         On April 13, 2004, Metris Companies Inc. issued a press release
announcing that Metris Receivables, Inc. its wholly owned subsidiary, through
the Metris Master Trust, has issued $200 million of three-year credit card
asset-backed term securities to institutional investors.

         Attached hereto as Exhibit 99.1 is a copy of that press release.



Item 7(c).  Exhibits.

         The following Exhibit is filed as part of this Report.

         99.1 Press release of Metris Companies Inc., dated April 13, 2004,
         announcing that Metris Receivables, Inc. its wholly owned subsidiary,
         through the Metris Master Trust, has issued $200 million of three-year
         credit card asset-backed term securities to institutional investors.




                                   SIGNATURES

         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 COMPANIES INC.


                                  By: /s/David D. Wesselink
                                      David D. Wesselink
                                      Chairman and CEO
Dated:  April 13, 2004



                                  EXHIBIT INDEX

Exhibit No.       Description

99.1    Press release of Metris Companies Inc., dated April 13, 2004, announcing
        that Metris Receivables, Inc. its wholly owned subsidiary, through the
        Metris Master Trust, has issued $200 million of three-year credit card
        asset-backed term securities to institutional investors.