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                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                   Form 8-K

                                CURRENT REPORT

                    Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934


                    Date of Report (Date of earliest Event
                            Reported) June 20, 2002


                                  CWABS, INC.
         -----------------------------------------------------------
            (Exact name of registrant as specified in its charter)




          Delaware                    333-73712               95-4596514
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(State or Other Jurisdiction         (Commission            (I.R.S. Employer
      of Incorporation)              File Number)         Identification No.)


     4500 Park Granada
   Calabasas, California                                        91302
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   (Address of Principal                                      (Zip Code)
     Executive Offices)


Registrant's telephone number, including area code (818) 225-3237
                                                   ----- --------

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Item 5.  Other Events.
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Description of the Mortgage Pool*
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     CWABS, Inc. (the "Company") entered into a Pooling and Servicing
Agreement dated as of March 1, 2002 (the "Pooling and Servicing Agreement"),
by and among the Company, as depositor, Countrywide Home Loans, Inc., as
seller, Countrywide Home Loans Servicing LP, as master servicer, The Bank of
New York, as trustee, and BNY Western Trust Company, as co-trustee, providing
for the issuance of the Company's Asset-Backed Certificates, Series 2002-1.






















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*    Capitalized terms used and not otherwise defined herein shall have the
     meanings assigned to them in the Prospectus dated December 14, 2001 and
     the Prospectus Supplement dated March 14, 2002 of CWABS, Inc., relating
     to its Asset-Backed Certificates, Series 2002-1.







     Mortgage Loan Statistics
     ------------------------

     For purposes of this Form 8-K, "Tables" shall mean computer generated
tables and/or charts describing the characteristics of the Initial Mortgage
Loans and the Subsequent Mortgage Loans as of the applicable Cut-off Date. All
percentages in the Tables were calculated based on the principal balance of
the Initial Mortgage Loans and the Subsequent Mortgage Loans as of the
applicable Cut-off Date. The sum of the columns may not equal the respective
totals due to rounding. The Tables, which are listed as Exhibit 99.1 hereto,
are filed on Form SE dated June 20, 2002.








Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits.
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           (a) Not applicable.

           (b) Not applicable.

           (c) Exhibits:

                        99.1    Tables filed on Form SE dated June 20, 2002.







                                  SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                      CWABS, INC.


                                      By: /s/ Celia Coulter
                                          -----------------------
                                          Name:   Celia Coulter
                                          Title:  Vice President



Dated:  June 20, 2002







Exhibit Index
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Exhibit
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99.1              Countrywide Securities Corporation Computational Materials
                  filed on Form SE dated June 20, 2002.