<TABLE>
Exhibit N
Metris Receivables, Inc. Metris Master Trust Monthly Report
Securityholders' Statement Series 1999-2 Jul-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 .................................. 3,177,777.78 -- 3,177,777.78
(iv) Principal Collections ........................................... 24,171,855.54 2,390,623.10 26,562,478.64
(v) Finance Charge Collections ....................................... 10,568,861.63 1,045,272.03 11,614,133.66
Recoveries .................................................... 213,498.56 21,115.24 234,613.80
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 ............................ 10,782,360.19 1,066,387.27 11,848,747.46
Total Collections .................................................... 34,954,215.73 3,457,010.37 38,411,226.10
(vi) Aggregate Amount of Principal Receivables ......... -- -- 5,592,448,471.09
Invested Amount (End of Month) ................................ 500,000,000.00 49,450,550.00 549,450,550.00
Floating Allocation Percentage ................................ 8.9406278% 0.8842379% 9.8248657%
Fixed/Floating Allocation Percentage .......................... 8.9406278% 0.8842379% 9.8248657%
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 ............ -- -- 5,165,659.80
As a % of Average Daily Invested Amount
(Annualized based on 366 days/year) ..................... -- -- 11.10%
(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 .................................. -- -- 25.46%
Average Net Portfolio Yield ................................. -- -- 14.36%
(xv) Minimum Base Rate ............................................... -- -- 9.15%
Excess Spread ................................................ -- -- 5.21%
(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
</TABLE>
