SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549



                                  FORM 10-K/A

(Mark One)

          [X] AMENDMENT NO. 1 TO 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      The Bank of New York
         101 Barclay Street

         New York, New York                             10286
----------------------------------------              ----------
(Address of principal executive offices)              (Zip Code)


Registrant's telephone number, including area code:   (212) 815-2007
                                                      --------------

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 is not contained herein, and will 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
stock held by non-affiliates of the Registrant:  Not applicable
                                                 --------------

Indicate the number of shares of common stock of the Registrant outstanding
as of December 31, 2000:  Not applicable
                          --------------

<PAGE>

Amendment No. 1

         The Registrant hereby amends its Annual Report on Form 10-K for the
fiscal year ended December 31, 2000, previously filed with the Commission (the
"Annual Report") solely for the purpose of including Part IV, Item 14 and
Exhibit 99.2, as a part of this report on Form 10-K.

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 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 Report of the Firm
                    of Accountants is required to be delivered not later than
                    120 days after the end of the Master Servicer's fiscal
                    year. The Annual Report of the Firm of Accountants is
                    attached as Exhibit 99.2 to this Report.

<PAGE>

SIGNATURES

         Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused this
Amendment No. 1 to the 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: May22, 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
----------------                                                   -----------

99.2              Annual Report of the Firm of Accountants..............  6