CWMBS INC
8-K, 2000-08-31
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): August 30, 2000


          CWMBS, INC., (as depositor under the Pooling and Servicing
          Agreement, dated as of August 1, 2000 , providing for the
          issuance of the CWMBS, INC., CHL Mortgage Pass-Through
          Trust 2000-5, Mortgage Pass-Through Certificates, Series
          2000-5).


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


 Delaware                           333-72655                   95-4449516
----------------------------        --------------       -------------------
(State of Other Jurisdiction       (Commission              (I.R.S. Employer
   of Incorporation)                File Number)          Identification No.)



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


       Registrant's telephone number, including area code (818) 225-3240
                                                          ----- --------


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<PAGE>
Item 5.     Other Events.
----        ------------

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

         In connection with the offering of the Mortgage Pass-Through
Certificates, Series 2000-5, Chase Securities Inc. ("Chase"), as one of the
Underwriters of the Certificates, has prepared certain materials (the "Chase
Computational Materials") for distribution to its potential investors. Also,
in connection with the offering of the Mortgage Pass-Through Certificates,
Series 2000-5, Countrywide Securities Corporation ("CSC"), as one of the
Underwriters of the Certificates, has prepared certain materials (the "CSC
Computational Materials") for distribution to its potential investors.
Further, in connection with the offering of the Mortgage Pass-Through
Certificates, Series 2000-5, Banc of America Securities LLC ("Banc of
America"), as one of the Underwriters of the Certificates, has prepared
certain materials (the "Banc of America Computational Materials") for
distribution to its potential investors. Although the Company provided Chase,
CSC, and Banc of America with certain information regarding the
characteristics of the Mortgage Loans in the related portfolio, the Company
did not participate in the preparation of the Chase Computational Materials,
the CSC Computational Materials or the Banc of America 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 Chase Computational Materials, listed as Exhibit 99.1 hereto, are filed on
Form SE dated August 28, 2000 . The CSC Computational Materials, listed as
Exhibit 99.2 hereto, are filed on Form SE dated August 28, 2000 . The Banc of
America Computational Materials, listed as Exhibit 99.3 hereto, are filed on
Form SE dated August 30, 2000 .






---------------
*    Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus dated May 17, 1999 and the
prospectus supplement dated August 28, 2000 , of CWMBS, Inc., relating to its
Mortgage Pass-Through Certificates, Series 2000-5.



<PAGE>


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

(a)      Not applicable.

(b)      Not applicable.

(c)      Exhibits:

         99.1.   Chase Computational Materials filed on Form SE dated
                 August 30, 2000 .

         99.2    CSC Computational Materials filed on Form SE dated August 30,
                 2000

         99.3    Banc of America Computational Materials filed on Form SE dated
                 August 30, 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.

                                   CWMBS, INC.




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



Dated:  August 30, 2000


<PAGE>


                                 Exhibit Index
                                 -------------


Exhibit                                                                Page
-------                                                                ----

99.1.  Chase Computational Materials filed on Form SE dated              6
       August 30, 2000.

99.2   CSC Computational Materials filed on Form SE dated                7
       August 30, 2000

99.3   Banc of America Computational Materials filed on Form             8
       SE dated August 30, 2000


<PAGE>


                                 EXHIBIT 99.1
                                 ------------

    Chase Computational Materials filed on Form SE dated August 30, 2000 .


<PAGE>


                                 EXHIBIT 99.2
                                 ------------

     CSC Computational Materials filed on Form SE dated August 30, 2000 .


<PAGE>


                                 EXHIBIT 99.3
                                 ------------

           Banc of America Computational Materials filed on Form SE
dated August 30, 2000 .

<PAGE>


                            One World Trade Center
                           New York, New York 10048
                           Telephone: (212) 839-5300
                           Facsimile: (212) 839-5599




                                                     August 30, 2000


BY MODEM:
--------
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C.  20549


         Re:   CWMBS, Inc.
               CHL Mortgage Pass-Through Trust 2000-5
               Mortgage Pass-Through Certificates,
               Series 2000-5
               ---------------------------------------


Ladies and Gentlemen:

         On behalf of CWMBS, Inc. (the "Company"), we enclose herewith for
filing, pursuant to the Securities and Exchange Act of 1934, the Company's
Current Report on Form 8-K, for Computational Materials in connection with the
above-referenced transaction.

                                             Very truly yours,

                                             /s/ Amy Sunshine

                                             Amy Sunshine











Enclosure



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