SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-K/A
                                 Amendment No.1


(Mark One)

/     x / ANNUAL  REPORT  PURSUANT  TO  SECTION  13 OR  15(d) OF THE  SECURITIES
      EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2000 or

/   / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
      SECURITIES EXCHANGE ACT OF 1934


      Commission File No.:   333-64909-03

                         Morgan Stanley Dean Witter Credit Corporation
                         HELOC Asset-Backed Notes
                         Series 2000-1 Trust
        (Exact name of registrant as specified in its charter)



New York                           52-2242933
(State or other jurisdiction     (I.R.S. Employer
 of incorporation or              Identification  No.)
 organization)

c/o Wells Fargo Bank Minnesota, N.A.
9062 Old Annapolis Road
Columbia, Maryland                            21045
(Address of principal executive offices)     (ZIP Code)


Registrant's telephone number, including area code:
     (410) 884-2000

Securities to be registered pursuant to Section 12(b) of the Act:

     NONE

Securities to be registered pursuant to Section 12(g) of the Act:

     NONE

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

     Yes   X          No ___


This Amendment No. 1 on Form 10-K/A amends Item 14 of the original Annual Report
on Form 10-K (the  "Original  Form 10-K") filed on March 22, 2001, on behalf of
Morgan Stanley Dean Witter Credit Corporation Series 2000-1 Trust established
pursuant to the Indenture among Msdwcc Heloc Trust 2000-1 as Issuer and Wells
Fargo Bank Minnesota, N.A. as Indenture Trustee, pursuant to which the Morgan
Stanley Dean Witter Credit Corporation series 2000-1 Trust registered under the
Securities Act of 1933 (the "Certificates") were issued.


Item 14 of the original Form 10K is amended in its entirety to read as follows:

Item 14.  Exhibits, Financial Statement Schedules, and Reports
          on Form 8-K.

          (a) Exhibits

              (99.1) Annual   Independent    Accountants'    Servicing   Reports
                     concerning servicing activities for the year ended December
                     31, 2000.

                     a)   Morgan Stanley Dean Witter Credit Corp <F1>

              (99.2) Report  of  Management   as  to  Compliance   with  Minimum
                     Servicing Standards for the year ended December 31, 2000.

                     a)   Morgan Stanley Dean Witter Credit Corp <F1>

              (99.3) Annual  Statements  of  Compliance  under the  Pooling  and
                     Servicing Agreements for the year ended December 31, 2000.

                     a)   Morgan Stanley Dean Witter Credit Corp <F1>


              (99.4) Aggregate Statement of Principal and Interest Distributions
                     to Certificate Holders. <F2>

            (b)  On November 8, 2000, December 11, 2000, and January 8,  2001,
                 reports  on Form 8-K  were  filed  by the  Company  in order to
                 provide the statements for the monthly distributions to holders
                 of the  Certificates.  No other  reports  on Form 8-K have been
                 filed  during the last  quarter  of the period  covered by this
                 report.

            (c) Not applicable.

            (d)  Omitted.

<F1>  Filed herewith.
<F2>  Previously filed.

                           SIGNATURE

Pursuant to the  requirements of Section 13 or 15(d) 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:

Morgan Stanley Dean Witter Credit Corporation
HELOC Asset-Backed Notes
Series 2000-1 Trust

Signed:   Wells Fargo Bank Minnesota, N.A., as Indenture Trustee

By:   Beth Belfield, Assistant Vice President
By:  /s/  Beth Belfield, Assistant Vice President

Dated:  June 26, 2002


Exhibit Index

Exhibit No.

99.1      Annual Independent Accountants' Servicing Reports concerning servicing
          activities for the year ended December 31, 2000.

                     a)   Morgan Stanley Dean Witter Credit Corp <F1>

99.2      Report of Management as to Compliance with Minimum Servicing Standards
          for the year ended December 31, 2000.

                     a)   Morgan Stanley Dean Witter Credit Corp <F1>

99.3      Annual  Statements  of  Compliance  under the  Pooling  and  Servicing
          Agreements for the year ended December 31, 2000.

                     a)   Morgan Stanley Dean Witter Credit Corp <F1>

99.4      Aggregate Statement of Principal and Interest Distributions to
          Certificate Holders.<F2>

<F1>  Filed herewith.
<F2>  Previously filed.



   EX-99.1 (a)
   Annual Independant Accountant's Servicing Report


    Deloitte & Touche LLP
    Two Prudential Plaza
    180 North Stetson Avenue
    Chicago, Illinois 60601-6779

    Tel: (312) 946-3000
    Fax: (312) 946-2600
    www.us.deloitte.com

    Deloitte & Touche  (LOGO)

    INDEPENDENT ACCOUNTANTS' REPORT

    Morgan Stanley Dean Witter Credit Corporation
    Riverwoods, Illinois

    We have examined management's assertion about Morgan Stanley Dean Witter
    Credit Corporation's (the "Company") compliance with the minimum servicing
    standards identified in the Mortgage Bankers Association of Amenica's
    Uniform Single Attestation Program for Mortgage Bankers ("USAP") for the
    mortgage loans sold to HELOC Asset-Backed Notes, Series 2000-1 as of and
    for the year ended November 30, 2000 included in the accompanying management
    assertion. Management is responsible for the Company's compliance with those
    minimum servicing standards. Our responsibility is to express an opinion on
    management's assertion about the Company's compliance based on our
    examination.

    Our examination was conducted in accordance with attestation standards
    established by the American Institute of Certified Public Accountants and,
    accordingly, included examining, on a test basis, evidence about the
    Company's compliance with the minimum servicing standards and performing
    such other procedures as we considered necessary in the circumstances. We
    believe that our examination provides a reasonable basis for our opinion.
    Our examination does not provide a legal determination on the Company's
    compliance with the minimum servicing standards.

    In our opinion, management's assertion that the Company complied with the
    aforementioned minimum servicing standards as of and for the year ended
    November 30, 2000 is fairly stated, in all material respects.


    January 12, 2001



   EX-99.2 (a)
   Report of Management


   MORGAN STANLEY DEAN WITTER
   CREDIT CORPORATION

   January 12, 2001

   As of and for the year ended December 31, 2000, Morgan Sanley Dean
   Witter Credit Corporation (the "Company") has complied in all material
   respects with the minimum servicing standards set forth in the Mortgage
   Bankers Association of America's Uniform Single Attestation Program for
   Mortgage Bankers. As of and for this same period, Morgan Stanley Dean Witter
   & Co., the Company's parent, had in effect a fidelity bond in excess of $25
   million and an errors and omissions policy in excess of $25 million under
   which the Company was covered.

   Thomas F. White

   Vice President and Secretary

   Leroy Hodo

   Vice President and Controller




   EX-99.3 (a)
   Annual Statement of Compliance


   Officer's Certificate
   HELOC Asset-Backed Notes Series 2000-1


   Pursuant to Section 3.10 of the Servicing Agreement dated as August 1, 2000
   among Morgan Stanley Dean Witter Credit Corporation, formerly known as NOVUS
   Financial Corporation, as seller and servicer (referred to herein in such
   capacity as the "Servicer"), and Wells Fargo Bank Minnesota, N.A., as
   Indenture Trustee, the undersigned, hereby states that:

       (1) A review of the activities of the Servicer and of its performance
   under the Servicing Agreement during the fiscal year ended November 30,
   2000, has been made under my supervision; and

       (2) To the best of my knowledge, based on such review, the Servicer has
   fulfilled all its obligations under the Agreement throughout such period.

   MORGAN STANLEY DEAN WITTER
   CREDIT CORPORATION


   By
   R.L. Vipham
   Title   Vice President
   Dated as of December 31, 2000


   By
   J. L. Reading
   Title  Senior Vice President
   Dated as of December 31, 2000