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, 2003
                                  -----------------

                                      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: 333-101101-12
                                             -------------


                                  CWABS, Inc.
                  CWABS Master Trust, Series 2003-E Subtrust,
         Revolving Home Equity Loan Asset Backed Notes, Series 2003-E
         ------------------------------------------------------------
            (Exact name of Registrant as specified in its charter)


              Delaware                               95-4449516
-------------------------------           ------------------------------------
(State or other jurisdiction of           (IRS Employer Identification Number)
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. 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. [ ]

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

State the aggregate market value of the voting and non-voting common equity
held by non-affiliates of the Registrant: Not applicable
                                          --------------

Indicate the number of shares outstanding of each of the registrant's classes
of common stock, as of December 31, 2003: Not applicable
                                          --------------



<PAGE>


DOCUMENTS INCORPORATED BY REFERENCE

                                     None.

                            *          *          *


     This Annual Report on Form 10-K (the "Report") is filed with respect to a
trust entitled CWABS Master Trust (the "Master Trust"), a business trust
formed under the laws of the State of Delaware pursuant to the master trust
agreement (the "Master Trust Agreement"), dated as of August 28, 2000, between
CWABS, Inc., as depositor, and Wilmington Trust Company, as owner trustee (the
"Owner Trustee"), and the subtrust created under the Master Trust entitled the
Series 2003-E Subtrust (together with the Master Trust, the "Trust"), formed
pursuant to a Series 2003-E Trust Supplement, dated as of May 28, 2003 (the
"Series Trust Supplement"), among CWABS, Inc. (the "Company") and the Owner
Trustee, for the issuance of CWABS, Inc., Revolving Home Equity Loan Asset
Backed Securities, Series 2003-E (the "Securities"), issued pursuant to an
Indenture, dated May 28, 2003 (the "Indenture"), between the Master Trust and
Bank One, National Association, as indenture trustee (the "Trustee"). The
assets of the Trust will be comprised of assets sold to the Trust pursuant to
a sale and servicing agreement, dated May 28, 2003 (the "Sale and Servicing
Agreement") among the Company, as depositor, Countrywide Home Loans, Inc., as
sponsor and master servicer (the "Master Servicer"), the Master Trust and the
Trustee, as indenture trustee. 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 in CWMBS, Inc. (February 3,
1994) (collectively, the "Relief Letters").



<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 to which any of the Trust, 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 Securityholders, and no
         Securityholder consent was solicited during the fiscal year covered
         by this Report.



<PAGE>


                                    PART II


ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

         (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, 2003 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. See the Relief
                 Letters.

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

         (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 OPERATIONS

         Not applicable.  See the Relief Letters.

ITEM 7A  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

         Not applicable.  See the Relief Letters

ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA



<PAGE>


         Not applicable.  See the Relief Letters.

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).


<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.



<PAGE>


                                    PART IV


ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K

         (a)   (1)  Pursuant to the Sale and Servicing Agreement, the Master
                    Servicer is required (i) to deliver an annual statement as
                    to compliance with the provisions of the Sale 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 Sale 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(i): Sale and Servicing Agreement (Filed as
                         part of the Registrant's Current Report on Form 8-K
                         filed on March 10, 2004).

                    o    Exhibit 4(ii): Indenture (Filed as part of the
                         Registrant's Current Report on Form 8-K filed on
                         March 10, 2004).

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

                    o    Exhibit 99.1: Annual Statement of the Master
                         Servicer.



<PAGE>


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

                    o    Exhibit 99.3: Audited financial statements of
                         Financial Guaranty Insurance Company.

         (b) Current Reports on Form 8-K filed during the last quarter ending
         December 31, 2003:


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

         October 15, 2003                  Monthly report sent to
                                           securityholders with the October
                                           2003 distribution.

         November 17, 2003                 Monthly report sent to
                                           securityholders with the November
                                           2003 distribution.

         December 15, 2003                 Monthly report sent to
                                           securityholders with the December
                                           2003 distribution.

         December 30, 2003                 Audited and Unaudited Financial
                                           Statements of Financial Guaranty
                                           Insurance Company.


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

         (d) Not applicable. See the Relief Letters.



<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.,
                                        CWABS MASTER TRUST, SERIES 2003- E
                                        SUBTRUST, REVOLVING HOME EQUITY LOAN
                                        ASSET BACKED SECURITIES, SERIES 2003-E

                                        By: Countrywide Home Loans, Inc.,
                                            as Master Servicer*


                                        By: Countrywide GP, Inc.


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

                                        Date:  March 26, 2004








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

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



<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 sent to Securityholders. See the Relief Letters.








<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(i)              Sale and Servicing Agreement (Filed as part of the Company's
                  Current Report on Form 8-K filed on March 10, 2004)*

4(ii)             Indenture (Filed as part of the Company's Current Report on
                  Form 8-K filed on March 10, 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 of Financial Guaranty Insurance
                  Company


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

*    Incorporated herein by reference.