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:  333-51609-03
                                              ------------

                               IndyMac ABS, Inc.
        Home Equity Mortgage Loan Asset-Backed Trust Series SPMD 2000-A
         HomeEquity Loan Asset-Backed Certificates, Series SPMD 2000-A
         -------------------------------------------------------------
            (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-A (the "Trust Fund") formed pursuant to the pooling and servicing
agreement dated as of April 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 The Bank of New York,
as trustee (the "Trustee"), for the issuance of IndyMac ABS, Inc., Home
Equitiy Loan Asset-Backed Certificates, Series SPMD 2000-A (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. 333-51609)).

                         Exhibit 3(ii): Copy of Company's By-laws (Filed as an
                    Exhibit to Registration Statement on Form S-3 (File No.
                    333-51609)).

                         Exhibit 4: Pooling and Servicing Agreement (Filed as
                    part of the Registrant's Current Report on Form 8-K filed
                    on June 22, 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

   October 25, 2000                 Monthly Report sent to certificateholders
                                    with the October 2000 distribution

   November 27, 2000                Monthly Report sent to certificateholders
                                    with the November 2000 distribution

   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-A,
                                     MORTGAGE PASS-THROUGH CERTIFICATES,
                                     SERIES SPMD 2000-A

                                     By: The Bank of New York,
                                         as Trustee*

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

                                     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

Exhibit Document                                                  Sequential
                                                                 Page Number

3(i)   Company's Certificate of Incorporation (Filed as an Exhibit to
       Registration Statement on Form S-3 (File No. 333-51609)) *

3(ii)  Company's By-laws (Filed as an Exhibit to Registration Statement on Form
       S-3 (File No. 333-51609)) *

4      Pooling and Servicing Agreement (Filed as part of the Company's Current
        Report on Form 8-K filed on June 22, 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-A
            MORTGAGE PASS-THROUGH CERTIFICATES, SERIES SPMD 2000-A

     The undersigned do hereby certify that they are each an officer of
IndyMac Bank, F.S.B. (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