(
                       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: 333-38686-02


                                   CWABS, Inc.
                    Asset-Backed Certificates, Series 2000-5
             (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
                                                             ----



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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



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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 2000-5

                             By:      The Bank of New York,
                                      as Trustee*


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

                                            Date:  May 22, 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.

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EXHIBIT INDEX


                                                                     Sequential
Exhibit  Document                                                   Page Number


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














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