Sub-Prime card leader Metris Companies reported net income of $17 million for the third quarter compared to $10.5 million last year. However the managed net charge-off rate was 10.5% for the third quarter compared to 10.6% for the second quarter and 8.7% for the third quarter of 1997. The managed net interest margin was 11.9% compared with 12.7% for the second quarter and 13.4% last year. Card volume increased 83% to over $1.1 billion compared to $600 million last year. Year-to-date volume totalled $2.7 billion. Managed card loans grew $362 million during the third quarter bringing the portfolio to slightly more than $4.2 billion at September 30, 1998. Total Metris card accounts now stands at 2.5 million. For the complete earnings report for Metris and other major card issuers dial [www.carddata.com].