FINANCIAL ASSET SECURITIES CORP
8-K, 2000-12-28
ASSET-BACKED SECURITIES
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                                  UNITED STATES
                       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):  December 20, 2000


                          OPTION ONE MORTGAGE LOAN TRUST
                 Asset-Backed Certificates, Series 2000-5 Trust
              (Exact name of registrant as specified in its charter)



New York (governing law of           333-84929          Pending
Pooling and Servicing Agreement)     (Commission        IRS EIN
(State or other                      File Number)
jurisdiction
of Incorporation)



       c/o Wells Fargo Bank Minnesota, N.A.
       11000 Broken Land Parkway
       Columbia, Maryland                                  21044
       (Address of principal executive offices)            (Zip Code)


       Registrant's telephone number, including area code:  (410) 884-2000


       Former name or former address, if changed since last report)



ITEM 5.  Other Events

 On December 20, 2000 a distribution was made to holders of OPTION ONE MORTGAGE
 LOAN TRUST, Asset-Backed Certificates, Series 2000-5 Trust.


ITEM 7.  Financial Statements and Exhibits

      (c)  Exhibits furnished in accordance with Item 601(a) of
Regulation S-K


           Exhibit Number                        Description

           EX-99.1                               Monthly report distributed to
                                                 holders of Asset-Backed
                                                 Certificates, Series 2000-5
                                                 Trust, relating to the December
                                                 20, 2000 distribution.



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.



                          OPTION ONE MORTGAGE LOAN TRUST
                 Asset-Backed Certificates, Series 2000-5 Trust

              By:   Wells Fargo Bank Minnesota,  N.A. as Trustee
              By:   /s/  Sherri Sharps, Vice President
              By:   Sherri Sharps, Vice President
              Date: 12/21/2000


                                INDEX TO EXHIBITS

Exhibit Number               Description

EX-99.1                      Monthly report distributed to holders of
                             Asset-Backed Certificates, Series 2000-5 Trust,
                             relating to the December 20, 2000 distribution.





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