FINGERHUT RECEIVABLES INC
8-K, 2000-06-14
ASSET-BACKED SECURITIES
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               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):

                         June 14, 2000

                     FINGERHUT MASTER TRUST
                   FINGERHUT RECEIVABLES, INC.
           (Originator of the Fingerhut Master Trust)
     (Exact name of registrant as specified in its charter)


    Delaware             333-45599 and 333-45611  41-1783128
(State of Incorporation) (Commission File Number) (IRS Employer
                                                 Identification No.)



   4400 Baker Road, Suite F480, Minnetonka, Minnesota   55343
            (Address of principal executive offices)

                         (952) 936-5035
      (Registrant's telephone number, including area code)







                   FINGERHUT RECEIVABLES, INC.

                   Current Report on Form 8-K


Item 7.     Financial Statements and Exhibits

           Ex. 20.a     Series 1998-1 May Certificateholders'
                        Statement

           Ex. 20.b     Series 1998-2 May Certificateholders'
                        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.

                                     FINGERHUT RECEIVABLES, INC.



                                     By  /s/Brian M. Szames
                                         Brian M. Szames
                                         President and Treasurer




Dated:  June 14, 2000








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