INDYMAC ABS INC
8-K, 2000-11-20
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 (Date of earliest Event
                         Reported): November 20, 2000


                INDYMAC ABS, INC., (as depositor under the Pooling
        and Servicing Agreement, dated as of November 1, 2000 providing
        for the issuance of the INDYMAC ABS, INC., Home Equity
        Mortgage Loan Asset-Backed Trust, Series SPMD 2000-C).

                               INDYMAC ABS, INC.
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            (Exact name of registrant as specified in its charter)


           Delaware                   333-47158               95-4685267
----------------------------         ------------          -------------------
(State or Other Jurisdiction         (Commission            (I.R.S. Employer
       of Incorporation)             File Number)          Identification No.)


   155 North Lake Avenue
    Pasadena, California                                          91101
   ----------------------                                       ----------
   (Address of Principal                                        (Zip Code)
     Executive Offices)

       Registrant's telephone number, including area code (800) 669-2300
                                                          ----- --------


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<PAGE>

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

Filing of Computational Materials

     Pursuant to Rule 424(b) under the Securities Act of 1933, concurrently
with, or subsequent to, the filing of this Current Report on Form 8-K (the
"Form 8-K"), IndyMac ABS, Inc. (the "Company") is filing a prospectus and
prospectus supplement with the Securities and Exchange Commission relating to
its Home Equity Mortgage Loan Asset-Backed Trust, Series SPMD 2000-C.

     In connection with the offering of the Asset-Backed Certificates, Series
SPMD 2000-C, Banc of America Securities LLC ("Banc of America"), as one of the
underwriters of the Offered Certificates, has prepared certain materials (the
"Banc of America Computational Materials") for distribution to their potential
investors. Also, in connection with the offering of the Asset-Backed
Certificates, SPMD 2000-C, Credit Suisse First Boston Corporation ("Credit
Suisse First Boston"), as one of the underwriters of the Offered Certificates,
has prepared certain materials (the "Credit Suisse First Boston Computational
Materials") for distribution to potential investors. Although the Company
provided Banc of America and Credit Suisse First Boston with certain
information regarding the characteristics of the Mortgage Loans in the related
portfolio, the Company did not participate in the preparation of the Banc of
America Computational Materials or the Credit Suisse First Boston
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 Mortgage Loans; the
proposed structure; decrement tables; or similar information (tabular or
otherwise) of a statistical, mathematical, tabular or computational nature.
The Banc of America Computational Materials, which are listed as Exhibit 99.1
hereto, are filed on Form SE dated November 20, 2000. The Credit Suisse First
Boston Computational Materials, which are listed as Exhibit 99.2 hereto, are
filed on Form SE dated November 20, 2000.









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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
IndyMac ABS, Inc., relating to its Home Equity Mortgage Loan Asset-Backed
Trust, Series SPMD 2000-C.

<PAGE>

Item 7.  Financial Statements, Pro Forma Financial

Information and Exhibits.
------------------------

(a)  Not applicable.

(b)  Not applicable.

(c)  Exhibits:

           99.1  Banc of America Computational Materials filed on Form SE dated
                 November 20, 2000.

           99.2  Credit Suisse First Boston Computational Materials filed in
                 Form SE dated November 20, 2000.

<PAGE>

                                  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.

                                        INDYMAC ABS, INC.



                                        By: /s/ Blair Abernathy
                                            ----------------------------
                                              Blair Abernathy
                                              Vice President



Dated: November 20, 2000

<PAGE>

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

99.1  Banc of America Computational Materials filed on Form SE dated
      November 20, 2000.

99.2  Credit Suisse First Boston Computational Material filed on Form SE
      dated November 20, 2000.



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