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, 2004
                                   -----------------

                                      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: 333-109272-33
                                             -------------


             CWABS, Inc., Asset-Backed Certificates Trust 2004-AB1,
                   Asset-Backed Certificates, Series 2004-AB1
             ----------------------------------------------------
            (Exact name of Registrant as specified in its charter)


        Delaware                                       95-4596514
-------------------------------          ------------------------------------
(State or other jurisdiction of          (I.R.S. Employer Identification No.)
incorporation or organization)

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

Registrant's telephone number, including area code:   (818) 225-3000
                                                      ---------------

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. [X] Yes [ ] 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. [X]

     Indicate by check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Act). [ ] Yes [X] No

     State the aggregate market value of the voting and non-voting common
equity held by non-affiliates computed by reference to the price at which the
common equity was last sold, or the average bid and asked price of such common
equity, as of the last business day of the registrant's most recently
completed second fiscal quarter. Not applicable
                                 --------------


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<PAGE>


                      DOCUMENTS INCORPORATED BY REFERENCE

                                     None.

                                     * * *


         This Annual Report on Form 10-K (the "Report") is filed with respect to
the trust fund entitled CWABS, Inc., Asset-Backed Certificates Trust 2004-AB1
(the "Trust Fund") formed pursuant to the pooling and servicing agreement dated
as of September 1, 2004 (the "Pooling and Servicing Agreement") among CWABS,
Inc., as depositor (the "Company"), Countrywide Home Loans, Inc., as a seller (a
"Seller"), Countrywide LFT LLC, as a seller (a "Seller"), Countrywide Home Loans
Servicing LP, as master servicer (the "Master Servicer"), The Bank of New York,
as trustee (the "Trustee") and BNY Western Trust Company, as co-trustee (the
"Co-Trustee"), for the issuance of CWABS, Inc., Asset-Backed Certificates,
Series 2004-AB1 (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, in particular, the relief granted to the Company in CWMBS, Inc.
(February 3, 1994) (collectively, the "Relief Letters").




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<PAGE>

                                    PART I

Item 1.         Business.

                Not applicable. See the Relief Letters.

Item 2.         Properties.

                Not applicable. See 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 Co-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 other than
                ordinary routine litigation incidental to the duties of the
                Trust Fund, the Trustee, the Co-Trustee, the Master Servicer
                or the Company, 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.


                                      4
<PAGE>


                                    PART II

Item 5.        Market for Registrant's Common Equity, Related
               Stockholder Matters and Issuer Purchases of Equity
               Securities.

               (a) Item 201 of Regulation S-K:

                    i.   Market Information. There is no established public
                         trading market for the Certificates.

                    ii.  Holders. As of December 31, 2004 there were less than
                         300 holders of record of the Certificates.

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

                    iv.  Securities Authorized for Issuance Under Equity
                         Compensation Plans. Not applicable.

                         Item 701 of Regulation S-K. Not applicable.

               (b)  Rule 463 of the Securities Act of 1933. Not applicable.

               (c)  Item 703 of Regulation S-K. Not applicable as the
                    Registrant has no class of equity securities registered
                    pursuant to section 12 of the Securities Exchange Act of
                    1934.

Item 6.         Selected Financial Data.

                Not applicable. See the Relief Letters.

Item 7.         Management's Discussion and Analysis of Financial Condition
                and Results of Operation.

                Not applicable. See the Relief Letters.

Item 7A         Quantitative and Qualitative Disclosures about Market Risk.

                Not applicable.

Item 8.         Financial Statements and Supplementary Data.

                Not applicable. See the Relief Letters.


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<PAGE>


Item 9.         Changes in and Disagreements With Accountants on Accounting
                and Financial Disclosure.

                None.

Item 9A.        Controls and Procedures.

                Not applicable. The Registrant is an Asset-Backed Issuer (as
                defined in Exchange Act Rule 15d-14(g)) and is therefore not
                required to disclose information under Item 307 of Regulation
                S-K. See Item 307 of Regulation S-K and Exchange Act Rule
                15d-15(a). The Registrant is an Asset-Backed Issuer (as
                defined in Exchange Act Rule 15d-14(g)) and is therefore not
                required to disclose information under Item 308 of Regulation
                S-K. See Instruction 2 to Item 308 of Regulation S-K and
                Exchange Act Rule 15d-15(a).

Item 9B.        Other Information.

                None.



                                      6
<PAGE>


                                   PART III

Item 10.        Directors and Executive Officers of the Registrant.

                Not applicable. See the Relief Letters.

Item 11.        Executive Compensation.

                Not applicable. See the Relief Letters.

Item 12.        Security Ownership of Certain Beneficial Owners and Management.

                Information required by Item 201(d) of Regulation S-K: Not
                applicable.

                Information required by Item 403 of Regulation S-K:

                (a)  Not applicable. See the Relief Letters.

                (b)  Not applicable. See the Relief Letters.

                (c)  Not applicable. See the Relief Letters.

Item 13.        Certain Relationships and Related Transactions.

                Not applicable. See the Relief Letters.

Item 14.        Principal Accounting Fees and Services.

                Not applicable. The Registrant is an Asset-Backed Issuer (as
                defined in Exchange Act Rule 15d-14(g)) and is therefore not
                required to disclose this information. See Instructions to
                Item 14.


                                      7
<PAGE>


                                    PART IV

Item 15.        Exhibits and Financial Statement Schedules.

                (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"). The Annual Statement of
                         the Master Servicer is attached as Exhibit 99.1 to
                         this Report. The Annual Report of the Firm of
                         Accountants is attached as Exhibit 99.2 to this
                         Report. See Relief Letters.

                    (2)  Not applicable.

                    (3)  The required exhibits are as follows:

                         o    Exhibit 3(i): Copy of Company's Certificate of
                              Incorporation (Filed as an Exhibit to
                              Registration Statement on Form S-3 (File No.
                              33-11095)).

                         o    Exhibit 3(ii): Copy of Company's By-laws
                              (Filed as an Exhibit to Registration Statement on
                              Form S-3 (File No. 33-11095)).

                         o    Exhibit 4: Pooling and Servicing Agreement
                              (Filed as part of the Registrant's Current
                              Report on Form 8-K filed on October 29, 2004).

                         o    Exhibit 31: Rule 15d-14(a) Certification.

                         o    Exhibit 99.1: Annual Statement of the Master
                              Servicer.

                         o    Exhibit 99.2: Annual Report of the Firm of
                              Accountants.

                         o    Exhibit  99.3: Audited  financial  statements
                              of Ambac Assurance Corporation and subsidiaries.

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

               (c)  Not applicable. See the Relief Letters.


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<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 TRUST 2004-AB1,
                          ASSET-BACKED CERTIFICATES, SERIES 2004-AB1

                          By:  Countrywide Home Loans Servicing LP,
                               as Master Servicer*

                          By:  Countrywide GP, Inc.


                          By:  /s/ Joseph M. Candelario
                               --------------------------
                               Name:  Joseph M. Candelario
                               Title: First Vice President

                          Date:  March 30, 2005


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

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


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<PAGE>



     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, or will be, sent to Certificateholders. See the Relief
Letters.


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<PAGE>


                                 EXHIBIT INDEX

Exhibit    Document
-------    --------

3(i)       Company's Certificate of Incorporation (Filed as an Exhibit to
           Registration Statement on Form S-3 (File No. 33-11095))*

3(ii)      Company's By-laws (Filed as an Exhibit to Registration Statement on
           Form S-3 (File No. 33-11095))*

4          Pooling and Servicing Agreement (Filed as part of the Company's
           Current Report on Form 8-K filed on October 29, 2004)*

31         Rule 15d-14(a) Certification

99.1       Annual Statement of the Master Servicer

99.2       Annual Report of the Firm of Accountants

99.3       Audited financial statements for the year ended December 31, 2004
           for Ambac Assurance Corporation**




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

*    Incorporated herein by reference.
**   Incorporation by reference to the consolidated financial statements of
     Ambac Assurance Corporation and subsidiaries as of December 31, 2004
     and 2003, and for each of the years in the three-year period ended
     December 31, 2004, which report appears in the Annual Report on Form
     10-K of Ambac Financial Group, Inc., which was filed with the
     Securities and Exchange Commission on March 15, 2005 (Securities and
     Exchange Commission File No. 1-10777).



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