EQUITY ONE ABS INC
8-K, 2000-10-24
ASSET-BACKED SECURITIES
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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 - October 20, 2000
                       ----------------------------------
                        (Date of Earliest Event Reported)



                              EQUITY ONE ABS, INC.
--------------------------------------------------------------------------------
             (Exact Name of Registrant as specified in its charter)



        Delaware                  333-81237                  52-2029487
------------------------     ---------------------     -----------------------
(State of Incorporation)     (Commission File No.)     (IRS Employer I.D. No.)

     103 Springer Building, 3411 Silverside Road, Wilmington, Delaware 19803
     -----------------------------------------------------------------------
                    (Address of principal executive offices)


Registrant's telephone number, including area code:   (302) 478-6160



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Item 5. Other Events
--------------------

Filing of Computational Materials
---------------------------------

Pursuant to Rule 424(b) under the Securities Act of 1933, subsequent to the
filing of this Current Report on Form 8-K (the "Form 8-K"), Equity One ABS, Inc.
(the "Company") is filing a prospectus and prospectus supplement with the
Securities and Exchange Commission relating to its Mortgage Pass-Through
Certificates, Series 2000-1.

         In connection with the offering of the Mortgage Pass-Through
Certificates, Series 2000-1, Banc of America Securities LLC ("BOA"), as
underwriter of the Class A Certificates, has prepared certain materials (the
"BOA Computational Materials") for distribution to its potential investors.
Although the Company provided BOA with certain information regarding the
characteristics of the Loans in the related portfolio, the Company did not
participate in the preparation of the BOA Computational Materials.

         For purposes of this Form 8-K, "Computational Materials" shall mean
computer generated tables and/or charts displaying, with respect to any Class or
Classes of Certificates, any of the following: yield; average life; duration;
expected maturity; interest rate sensitivity; loss sensitivity; cash flow
characteristics; background information regarding the Loans; the proposed
structure; decrement tables; or similar information (tabular or otherwise) of a
statistical, mathematical, tabular or computational nature.


Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
---------------------------------------------------------------------------

(a)  Not applicable.

(b)  Not applicable.

(c)  Exhibits:

         99.1  BOA Computational Materials.


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* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus and the prospectus supplement of
Equity One ABS, Inc., relating to its Mortgage Pass-Through Certificates, Series
2000-1.

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                                   SIGNATURES

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

                                      EQUITY ONE ABS, INC.



                                      By: /s/ James Jenkins
                                          --------------------------------------
                                          James Jenkins, Chief Financial Officer


Dated:  October 23, 2000



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Exhibit Index
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Exhibit                                                                   Page
-------                                                                   ----

99.1   Banc of America Securities LLC Computational Materials.




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