EXHIBIT 31.1

                                  CERTIFICATION

I, James H. Jenkins, certify that:

1.   I have reviewed  this annual  report on Form 10-K,  and all reports on Form
     8-K  containing  distribution  or  servicing  reports  filed in  respect of
     periods  included in the year covered by this annual report,  of Equity One
     ABS, Inc.;

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  servicer  under the  pooling  and
     servicing,  or  similar,  agreement,  for  inclusion  in these  reports  is
     included in these reports;

4.   Based on my knowledge and upon the annual compliance  statement included in
     the report and required to be delivered to the trustee in  accordance  with
     the terms of the pooling and servicing, or similar,  agreement,  and except
     as disclosed in the reports,  the servicer has  fulfilled  its  obligations
     under the servicing agreement; and

5.   The  reports  disclose  all  significant   deficiencies   relating  to  the
     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:  JPMorgan Chase Bank, as
trustee.

Date: March 26, 2004

                                      /s/ James H. Jenkins
                                      ------------------------------------------
                                      James H. Jenkins, Executive Vice President
                                        and CFO
                                      Equity One ABS, Inc.