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, 2002
                                      -----------------

                                       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: 333-73712-03


                                   CWABS, Inc.
                    Asset-Backed Certificates, Series 2002-1
                    ----------------------------------------
             (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, 2002: 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 (the "Trust Fund") formed pursuant to the pooling and servicing
agreement dated as of March 1, 2002 (the "Pooling and Servicing Agreement")
among CWABS, Inc., as depositor (the "Company"), Countrywide Home Loans, Inc.,
as seller (the "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 2002-1 (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 the CWMBS, Inc. (February
3, 1994) (collectively, the "Relief Letters").


                                       3
<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 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.


                                       4
<PAGE>



                                     PART II


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

         (a)  Market Information. There is no established public trading market
              for the Certificates.

         (b)  Holders. As of December 31, 2002 there were less than 300 holders
              of record of the Certificates.

         (c)  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.)

         (d)  Securities Authorized for Issuance Under Equity Compensation
              Plans. Not applicable.

         (e)  Item 701 of Regulation S-K. Not applicable. See the Relief
              Letters.

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

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.

ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

         Not applicable.  See the Relief Letters.

ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
         FINANCIAL DISCLOSURE

         None.

                                       5
<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. CONTROLS AND PROCEDURES

         Not applicable. The Registrant is an Asset-Backed Issuer (as defined
         in Exchange Act Rules 13a-14(g) and 15d-14(g)) and is therefore not
         required to disclose information under Item 307 of Regulation S-K. See
         paragraph (c) of Item 307 of Regulation S-K.


                                       6
<PAGE>



                                     PART IV


ITEM 15. 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"). 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:

                                    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)).

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

                                     Exhibit 4:  Pooling and Servicing
                    Agreement (Filed as part of the Registrant's Current Report
                    on Form 8-K filed on September 4, 2002).

                                     Exhibit 99.1:  Annual Statement of the
                    Master Servicer.

                                     Exhibit 99.2:  Annual Report of the Firm
                    of Accountants.



                                       7

<PAGE>



         (b) Current Reports on Form 8-K filed during the last quarter ending
         December 31, 2002:


         Date of Current Report                   Item Reported
         ----------------------                   -------------
         September 25, 2002           Monthly report sent to certificateholders
                                      with the September 2002 distribution
         October 25, 2002             Monthly report sent to certificateholders
                                      with the October 2002 distribution
         November 25, 2002            Monthly report sent to certificateholders
                                      with the November 2002 distribution


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

         (d) Not applicable. See the Relief Letters.


                                       8

<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, SERIES 2002-1

                                      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 27, 2003








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

*    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.


                                       9
<PAGE>



                                  CERTIFICATION



     I, Richard DeLeo, certify that:

     1. I have reviewed this annual report on Form 10-K, and all reports on Form
     8-K containing distribution and servicing reports filed in respect of
     periods included in the year covered by this annual report, of CWABS, Inc.,
     Asset-Backed Certificates, Series 2002-1;

     2. Based on my knowledge, the information in these reports, taken as a
     whole, does not contain any untrue statement of a material fact or omit to
     state a material fact necessary to make the statements made, in light of
     the circumstances under which such statements were made, not misleading as
     of the last day of the period covered by this annual report;

     3. Based on my knowledge, the distribution or servicing information
     required to be provided to the trustee by the master servicer under the
     pooling and servicing, or similar, agreement, for inclusion in these
     reports is included in these reports;

     4. I am responsible for reviewing the activities performed by the master
     servicer under the pooling and servicing, or similar, agreement and based
     upon my knowledge and the annual compliance review required under that
     agreement, and except as disclosed in the reports, the master servicer has
     fulfilled its obligations under that agreement; and

     5. The reports disclose all significant deficiencies relating to the master
     servicer's compliance with the minimum servicing standards based upon the
     report provided by an independent public accountant, after conducting a
     review in compliance with the Uniform Single Attestation Program for
     Mortgage Bankers or similar procedure, as set forth in the pooling and
     servicing, or similar, agreement, that is included in these reports.

     In giving the certifications above, I have reasonably relied on information
     provided to me by the following unaffiliated parties: The Bank of New York,
     as Trustee.


     Date: March 27, 2003


                                                   /s/ Richard De Leo
                                                   ------------------
                                                   Richard De Leo
                                                   Managing Director




                                       10
<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 Certificateholders. See the Relief Letters.



                                       11
<PAGE>



                                  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. 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 September 4, 2002) *

99.1  Annual Statement of the Master Servicer................................13

99.2  Annual Report of the Firm of Accountants...............................15













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

*    Incorporated herein by reference.

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