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: 333-47158-01
                                             ------------


                               IndyMac ABS, Inc.
        Home Equity Mortgage Loan Asset-Backed Trust Series SPMD 2000-C
               HomeEquity Loan Asset-Backed Certificates, Series
                   SPMD 2000-C (Exact name of Registrant as
                           specified in its charter)

              Delaware                                 95-4685267
------------------------------------       ------------------------------------
  (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
                                                             ----


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 (ss.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
                                        --------------


DOCUMENTS INCORPORATED BY REFERENCE

                                     None

                                     * * *


         This Annual Report on Form 10-K (the "Report") is filed with respect
to the trust fund entitled Home Equity Mortgage Loan Asset-Backed Trust Series
SPMD 2000-C (the "Trust Fund") formed pursuant to the pooling and servicing
agreement dated as of November 1, 2000 (the "Pooling and Servicing Agreement")
among IndyMac ABS, Inc., as depositor (the "Company"), IndyMac, Inc., as
seller and master servicer (the "Master Servicer"), and Bankers Trust Company
of California, N.A. as trustee (the "Trustee"), for the issuance of IndyMac
ABS, Inc., Home Equitiy Loan Asset-Backed Certificates, Series SPMD 2000-C (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").


                                    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.


                                    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)   As of December 31, 2000, there were less than 300 holders of
         record 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 in reliance on the Relief Letters.

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.


                                   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 in reliance on 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.


                                    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 (i) 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") and (ii) 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"). Both the Annual
                       Statement of the Master Servicer and the Annual Report
                       of the Firm of Accountants are attached as Exhibits
                       99.1 and 99.2, respectively, to this Report.

                (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. 333-47158)).

                                 Exhibit 3(ii):  Copy of Company's By-laws
                       (Filed as an Exhibit to Registration Statement on Form
                       S-3 (File No. 333-47158)).

                                 Exhibit 4:  Pooling and Servicing Agreement
                       (Filed as part of the Registrant's Current Report on
                       Form 8-K filed on December 7, 2000).

                                 Exhibit 99.1:  Annual Statement of the Master
                       Servicer.

                                 Exhibit 99.2:  Annual Report of the Firm of
                       Accountants.

          (b)   Current Reports on Form 8-K filed during the last quarter of
          the period covered by this Report:


   Date of Current Report             Item Reported
   ----------------------             -------------

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

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

          (d)   Not applicable in reliance on 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.


                                  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.

                                      CWMBS, INC., HOME EQUITY MORTGAGE LOAN
                                      ASSET-BACKED TRUST SERIES SPMD 2000-C,
                                      MORTGAGE PASS-THROUGH CERTIFICATES,
                                      SERIES SPMD 2000-C

                                      By:   Bankers Trust Company
                                            of California, N.A.,
                                            as Trustee*


                                      By:   /s/ Ronaldo Reyes
                                            -----------------------------------
                                            Name: Ronaldo Reyes
                                            Title: Associate

                                      Date:  March 26, 2001










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


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. 333-47158)) *

3(ii)     Company's By-laws (Filed as an Exhibit to Registration
          Statement on Form S-3 (File No. 333-47158)) *

4         Pooling and Servicing Agreement (Filed as part of the
          Company's Current Report on Form 8-K filed on December
          7, 2000) *

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

99.2      Annual Report of the Firm of Accountants...........................13






__________

*    Incorporated herein by reference.


                                 Exhibit 99.1
                                 ------------


                               INDYMAC ABS, INC.

                             OFFICERS' CERTIFICATE
                    ANNUAL STATEMENT OF THE MASTER SERVICER

                               INDYMAC ABS, INC.
       HOME EQUITY MORTGAGE LOAN ASSET-BACKED TRUST, SERIES SPMD 2000-C
            MORTGAGE PASS-THROUGH CERTIFICATES, SERIES SPMD 2000-C


         The undersigned do hereby certify that they are each an officer of
IndyMac Bank, F.B.S. (f/k/a Independent National Mortgage Corporation) (the
"Master Servicer") and do hereby further certify pursuant to Section 3.19 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;

                    (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; and

                    (iii) To the best of our knowledge, each Servicer has
                    fulfilled all its obligations under its Servicing
                    Agreement throughout such year (capitalized terms used in
                    this subparagraph (iii) shall have the meanings assigned
                    to such terms in the Agreement).

/s/ S. Blair Abernathy                              Dated: 3/26/01
------------------------------------
Executive Vice President

/s/John Kim                                         Dated: 3/26/01
------------------------------------
Vice President


                                 Exhibit 99.2
                                 ------------


              REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
              --------------------------------------------------

IndyMac, Inc.

We have examined management's assertion about IndyMac Bancorp, Inc.'s
compliance with the minimum servicing standards identified in the Mortgage
Bankers Association of America's Uniform Single Attestation Program for
Mortgage Bankers (USAP) as of and for the year ended December 31, 2000,
included in the accompanying management assertion. Management is responsible
for IndyMac Bancorp, Inc.'s compliance with those minimum servicing standards.
Our responsibility is to express an opinion on management's assertion about
the entity's compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about IndyMac Bancorp, Inc.'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 IndyMac Bancorp, Inc.'s compliance with the minimum
servicing standards.

In our opinion, management's assertion that IndyMac Bancorp, Inc. complied
with the aforementioned minimum servicing standards as of and for the year
ended December 31, 2000 is fairly stated, in all material respects.

/s/ Grant Thornton LLP

Los Angeles, California
March 26, 2001


                                                                 [LOGO] IndyMac

March 26, 2000


Grant Thornton LLP
1000 Wilshire Blvd., Suite 700
Los Angeles, CA  90017


                            Management's Assertion

As of and for the year ended December 31, 2000, IndyMac Bank, F.S.B. has
complied in all material respects with the minimum servicing standards, in its
capacity as a master servicer, as set forth in the Mortgage Bankers
Association of America's Uniform Single Attestation Program for Mortgage
Bankers. As of and for the year ended December 31, 2000, IndyMac had in effect
fidelity bond and mortgage impairment errors and omissions policies in the
amounts of $30,000,000 and $10,000,000, respectively.

Very truly yours,
IndyMac, Inc.


/s/  Richard Wohl
-------------------------------------------------------------------------------
Richard Wohl          President and Chief Operating Officer


/s/ Carmella Grahn
-------------------------------------------------------------------------------
Carmella Grahn        Executive Vice President and Chief Financial Officer








                                                     155 North Lake Avenue
                                                     Pasadena, California 91101
                                                     Telephone: 800.669.2300
                                                     http://www.indymac.com