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SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

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):

~~October~~November 15, 2002

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

Delaware
(State of Incorporation)

333-45599 and 333-45611
(Commission File Number)

41-1783128
(IRS Employer Identification No.)

245 Perimeter Center Parkway, Suite 600, Atlanta, GA 30346
(Address of principal executive offices)

(770) 206-6200
(Registrant's telephone number, including area code)

FINGERHUT RECEIVABLES, INC. ~~Current Report on Form 8-K~~

Current Report on Form 8-K

Item 7. Financial Statements and Exhibits

Ex. 20.a Series 1998-2 ~~September~~October 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/ J.~~Paul~~PAUL ~~Whitehead~~WHITEHEAD, III Name: J.Paul Whitehead, III Title: Treasurer and Secretary

Dated: ~~October~~November 15, 2002

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Item 7. Financial Statements and Exhibits

SIGNATURE

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