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Exhibit N
Metris Receivables, Inc. Metris Master Trust Monthly Report
Securityholders' Statement Series 1999-2 Aug-2000
Section 5.2 Class A Class B Total
<S> <C> <C> <C>
(i) Security Amount .................................................. 500,000,000.00 49,450,550.00 549,450,550.00
(ii) Security Principal Distributed .................................. 0.00 -- 0.00
(iii) Security Interest Distributed .................................. 2,975,000.00 -- 2,975,000.00
(iv) Principal Collections ........................................... 25,838,688.67 2,555,474.73 28,394,163.40
(v) Finance Charge Collections ....................................... 11,402,657.39 1,127,735.35 12,530,392.74
Recoveries .................................................... 233,870.05 23,130.01 257,000.06
Principal Funding Account Investment Earnings ................. 0.00 0.00 0.00
Accumulation Period Reserve Account Investment Earnings ....... 0.00 0.00 0.00
Total Finance Charge Collections ............................ 11,636,527.44 1,150,865.36 12,787,392.80
Total Collections .................................................... 37,475,216.11 3,706,340.09 41,181,556.20
(vi) Aggregate Amount of Principal Receivables .......... -- -- 5,649,574,562.65
Invested Amount (End of Month) ................................ 500,000,000.00 49,450,550.00 549,450,550.00
Floating Allocation Percentage ................................ 8.8502239% 0.8752969% 9.7255208%
Fixed/Floating Allocation Percentage .......................... 8.8502239% 0.8752969% 9.7255208%
Invested Amount (Beginning of Month) .......................... 500,000,000.00 49,450,550.00 549,450,550.00
Average Daily Invested Amount ................................. -- -- 549,450,550.00
(vii) Receivable Delinquencies (As a % of Total Receivables)
Current ....................................................... -- 85.48% 5,040,761,057.10
30 Days to 59 Days (1 to 29 Days Contractually Delinquent) .... -- 6.66% 392,631,694.88
60 Days to 89 Days (30 to 59 Days Contractually Delinquent) ... -- 2.46% 145,311,073.31
90 Days and Over (60+ Days Contractually Delinquent) .......... -- 5.40% 318,613,042.85
Total Receivables .................................................... -- 100.00% 5,897,316,868.14
(viii) Aggregate Investor Default Amount ............. -- -- 5,360,617.64
As a % of Average Daily Invested Amount
(Annualized based on 366 days/year) ................................ -- -- 11.52%
(ix) Charge-Offs ..................................................... 0.00 0.00 0.00%
(x) Servicing Fee .................................................... -- -- 930,763.23
(xi) Unreimbursed Redirected Principal Collections ................... -- -- 0.00
(xii) Excess Funding Account Balance ................................. -- -- 31,700,000.00
(xiii) New Accounts Added ............................................ -- -- 157,373.00
(xiv) Average Gross Portfolio Yield .................................. -- -- 27.48%
Average Net Portfolio Yield ................................. -- -- 15.96%
(xv) Minimum Base Rate ............................................... -- -- 9.14%
Excess Spread ................................................ -- -- 6.82%
(xvi) Principal Funding Account Balance .............................. -- -- 0.00
(xvii) Accumulation Shortfall ........................................ -- -- 0.00
(xviii) Scheduled date for the commencement of the Accumulation Period -- -- July 2005
Accumulation Period Length ................................... -- -- N/A
(xix) Principal Funding Account Investment Proceeds Deposit .......... -- -- 0.00
Required Reserve Account Amount .............................. -- -- 0.00
Available Reserve Account Amount ............................. -- -- 0.00
Covered Amount ............................................... -- -- 0.00
(xx) Aggregrate Interest Rate Caps Notional Amount ................... -- -- 500,000,000.00
Deposit to the Caps Proceeds Account ......................... -- -- 0.00
(xxi) Policy Claim Amount ............................................ -- -- 0.00
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