FORM 8-K


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                 CURRENT REPORT



                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


                                November 24, 1999
                                -----------------
                                 Date of Report
                        (Date of earliest event reported)



                        Metric Income Trust Series, Inc
                        -------------------------------
                          (Exact name of registrant as
                            specified in its charter)




   0-18294                      California                    94-3087630
- -------------                 ---------------               --------------
(Registration                 (State or Other                (IRS Employer
    File                      Jurisdiction of               Identification
   Number)                    Incorporation)                    Number)






           One California Street, San Francisco, California 94111-5415
           -----------------------------------------------------------
               (Address of principal executive offices) (Zip Code)


               Registrant's telephone number, including area code:

                                 (415) 678-2000

                    (800) 347-6707 Watts line for all states




ITEM 5.  OTHER EVENTS

This press release dated  November 24, 1999,  filed  herewith as Exhibit 20.7 is
hereby incorporated by reference.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

(c)      Exhibits:

         20.7      Press release dated November 24, 1999.






                                    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, thereunto duly authorized.

                                    METRIC INCOME TRUST SERIES, INC.
                                    a California Corporation

                                            /s/ William A. Finelli
                                    By:     ------------------------------
                                            William A. Finelli
                                            Chief Financial Officer


                                    Date:         November 24, 1999
                                            -------------------------------