CWMBS INC
8-K, 2000-12-28
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): December 28, 2000


                CWMBS, INC. (as depositor under the Pooling
                and Servicing Agreement, dated as of December 1,
                2000, providing for the issuance of the CWMBS,
                INC., CHL Mortgage Pass-Through Trust
                2000-11, Mortgage Pass-Through Certificates,
                Series 2000-11).


                                  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 2000-11, Countrywide Securities Corporation
("Countrywide"), the Underwriter of the Underwritten Certificates, has
prepared certain materials (the "Countrywide Computational Materials") for
distribution to its potential investors. Although the Company provided
Countrywide, with certain information regarding the characteristics of the
Mortgage Loans in the related portfolio, the Company did not participate in
the preparation of the Countrywide 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 Countrywide Computational Materials, listed as Exhibit 99.1 hereto, are
filed on Form SE dated December 28, 2000.



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*   Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus dated November 13, 2000 and the
prospectus supplement dated December 27, 2000, of CWMBS, Inc., relating to its
Mortgage Pass-Through Certificates, Series 2000-11.



<PAGE>


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

(a)      Not applicable.

(b)      Not applicable.

(c)      Exhibits:

     99.1   Countrywide Computational Materials filed on Form SE dated
            December 28, 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:  December 28, 2000


<PAGE>


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



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

99.1     Countrywide Computational Materials filed on
         Form SE dated December 28, 2000.                               6





<PAGE>


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

           Countrywide Computational Materials filed on Form SE dated
December 28, 2000.


<PAGE>



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




                                                        December 28, 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 2000-11
               Mortgage Pass-Through Certificates,
               Series 2000-11
               ---------------------------------------


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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