UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549


                                    -----

                                   FORM 10-K

(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

     For the transition period from               to
                                    -------------    ------------

                     Commission file number: 333-38686-01
                                             ------------

                                  CWABS, Inc.
                   Asset-Backed Certificates, Series 2000-3
                   ----------------------------------------
            (Exact name of Registrant as specified in its charter)


           Delaware                                     95-4596514
-------------------------------            ------------------------------------
(State or other jurisdiction of            (IRS Employer Identification Number)
incorporation or organization)

c/o      Countrywide Home Loans, Inc.
         4500 Park Granada
         Calabasas, California                                  91302
----------------------------------------           ---------------------------
(Address of principal executive offices)                     (Zip Code)

Registrant's telephone number, including area code:   (818) 225-3240
                                                      --------------

Securities registered pursuant to Section 12(b) of the Act:  None
                                                             ----

Securities registered pursuant to Section 12(g) of the Act:  None
                                                             ----

<PAGE>

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 __

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K (Section 229.405 of this chapter) is not contained herein,
and will not be contained, to the best of Registrant's knowledge, in
definitive proxy or information statements incorporated by reference in Part
III of this Form 10-K or any amendment to this Form 10-K. [ ]

State the aggregate market value of the voting and non-voting common equity
held by non-affiliates of the Registrant: Not applicable
                                          --------------

State the number of shares outstanding of each of the registrant's classes of
common stock, as of December 31, 2000: Not applicable
                                       --------------

<PAGE>

DOCUMENTS INCORPORATED BY REFERENCE

                                     None.

                                   *   *   *


     This Annual Report on Form 10-K (the "Report") is filed with respect to
the trust fund which issued the CWABS, Inc., Asset-Backed Certificates, Series
2000-3 (the "Trust Fund") formed pursuant to the pooling and servicing
agreement dated as of August 1, 2000 (the "Pooling and Servicing Agreement")
among CWABS, Inc., as depositor (the "Company"), Countrywide Home Loans, Inc.,
as seller and master servicer (the "Master Servicer"), and The Bank of New
York, as trustee (the "Trustee"), for the issuance of the CWABS, Inc.,
Asset-Backed Certificates, Series 2000-3 (the "Certificates"). Certain
information otherwise required to be included in this Report by the
Instructions to Form 10-K has been omitted in reliance on the relief granted
by the Commission to other companies in similar circumstances, including, but
not limited to, the relief granted to CWMBS, Inc. (February 3, 1994)
(collectively, the "Relief Letters").

<PAGE>

                                    PART I


ITEM 1.  BUSINESS

         Not applicable in reliance on the Relief Letters.

ITEM 2.  PROPERTIES

         Not applicable in reliance on the Relief Letters.

ITEM 3.  LEGAL PROCEEDINGS

         There were no material pending legal proceedings relating to the Trust
         Fund to which any of the Trust Fund, the Trustee, the Master Servicer
         or the Company was a party or of which any of their respective
         properties was the subject during the fiscal year covered by this
         Report, nor is the Company aware of any such proceedings contemplated
         by governmental authorities.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         No matter was submitted to a vote of Certificateholders, and no
         Certificateholder consent was solicited during the fiscal year covered
         by this Report.

<PAGE>

                                    PART II


ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

         (a)  There is no established public trading market for the
         Certificates.

         (b)  At December 31, 2000, there were less than 300 holders of record
         of each of the Certificates.

         (c)  Not applicable. (Information as to distributions to
         Certificateholders is provided in the Registrant's monthly filings on
         Form 8-K.)

ITEM 6.  SELECTED FINANCIAL DATA

         Not applicable in reliance on the Relief Letters.

ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS

         Not applicable in reliance on the Relief Letters.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

         Not applicable.

ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

         Not applicable in reliance on the Relief Letters.

ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
         FINANCIAL DISCLOSURE

         None.

<PAGE>

                                   PART III


ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

          Not applicable in reliance on the Relief Letters.

ITEM 11.  EXECUTIVE COMPENSATION

          Not applicable.  See the Relief Letters.

ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

          (a)  Not applicable in reliance on the Relief Letters.

          (b)  Not applicable in reliance on the Relief Letters.

          (c)  Not applicable in reliance on the Relief Letters.

ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

          (a)  Not applicable in reliance on the Relief Letters.

<PAGE>

                                    PART IV


ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K

                         (a) (1) Pursuant to the Pooling and Servicing
                    Agreement, the Master Servicer is required to deliver an
                    annual statement as to compliance with the provisions of
                    the Pooling and Servicing Agreement and certain other
                    matters (the "Annual Statement of the Master Servicer").
                    The Master Servicer is also required to cause a firm of
                    independent public accountants to deliver an annual report
                    as to compliance with the servicing provisions of the
                    Pooling and Servicing Agreement (the "Annual Report of the
                    Firm of Accountants"). The Annual Statement of the Master
                    Servicer is included as Exhibit 99.1 to this Report. The
                    Annual Report of the Firm of Accountants is required to be
                    delivered not later than the later of (i) May 31 of each
                    year and (ii) the date which is 30 days after the issuance
                    of the annual audited financial statements. The Registrant
                    hereby undertakes to file the Annual Report of the Firm of
                    Accountants as an Exhibit to a Form 10-K/A amending this
                    Form 10-K promptly following the date on which such report
                    becomes available.

               (2)  Not applicable.

               (3)  The required exhibits are as follows:

                              Exhibit 3(i): Copy of Company's Certificate of
                    Incorporation (Filed as an Exhibit to Registration
                    Statement on Form S-3 (File No. 333-11095)).

                              Exhibit 3(ii): Copy of Company's By-laws (Filed
                    as an Exhibit to Registration Statement on Form S-3 (File
                    No. 333-11095)).

                              Exhibit 4: Pooling and Servicing Agreement
                    (Filed as part of the Registrant's Current Report on Form
                    8-K dated September 15, 2000).

                              Exhibit 99.1: Annual Statement of the Master
                    Servicer.

          (b)  Current Reports on Form 8-K filed during the quarter ending
           December 31, 2000:

           Date                               Items Reported
           ----                               --------------

           December 26, 2000        Monthly Report sent to certificateholders
                                    with the December 2000 distribution

           (c)  See subparagraph (a)(3) above.

           (d)  Not applicable.  See the Relief Letters.

     SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO
SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES
PURSUANT TO SECTION 12 OF THE ACT.

     No such annual report, proxy statement, form of proxy or other soliciting
material has been sent to Certificateholders. See the Relief Letters.

<PAGE>

                                  SIGNATURES

     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.

                                   CWABS, INC., ASSET-BACKED CERTIFICATES,
                                   SERIES 2000-3

                                   By:  The Bank of New York,
                                        as Trustee*


                                   By:  /s/ Courtney Bartholomew
                                        ----------------------------------
                                        Name:  Courtney Bartholomew
                                        Title: Vice President

                                   Date: March 26, 2001









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*    This Report is being filed by the Trustee on behalf of the Trust Fund. The
     Trust Fund does not have any officers or directors.

<PAGE>

                                 EXHIBIT INDEX


                                                                    Sequential
Exhibit  Document                                                  Page Number
-------  --------                                                  -----------


3(i)          Company's Certificate of Incorporation (Filed as an
         Exhibit to Registration Statement on Form S-3 (File No.
         333-11095))  *

3(ii)         Company's By-laws (Filed as an Exhibit to Registration
         Statement on Form S-3 (File No. 333-11095)) *

4             Pooling and Servicing Agreement (Filed as part of the
         Company's Current Report on Form 8-K dated September
         15, 2000) *

99.1     Annual Statement of the Master Servicer...........................11












------------

*    Incorporated herein by reference.

<PAGE>

                                 EXHIBIT 99.1


                         COUNTRYWIDE HOME LOANS, INC.


                             OFFICERS' CERTIFICATE
                    ANNUAL STATEMENT OF THE MASTER SERVICER


                                  CWABS, INC.
                   ASSET-BACKED CERTIFICATES, SERIES 2000-3


     The undersigned do hereby certify that they are each an officer of
Countrywide Home Loans, Inc. (the "Master Servicer") and do hereby further
certify pursuant to Section 3.17 of the Pooling and Servicing Agreement for
the above-captioned Series (the "Agreement") that:

     (i)  A review of the activities of the Master Servicer during the
     preceding calendar year and of the performance of the Master Servicer
     under the Agreement has been made under our supervision; and

     (ii) To the best of our knowledge, based on such review, the Master
     Servicer has fulfilled all its obligations under the Agreement throughout
     such year.




/s/ Thomas H. Boone                                  Dated: March 26, 2001
----------------------------
Name:  Thomas H. Boone
Title: Managing Director,
       Portfolio Management



/s/ Michael Muir                                     Dated:  March 26, 2001
----------------------------
Name:  Michael Muir
Title: Senior Vice President