UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                    FORM 8-K
                                  CURENT REPORT

     Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

             Date of Report: February 6, 2001
             Date of Earliest Event Reported: Not Applicable


                       COUNTRYWIDE CREDIT INDUSTRIES, INC.
             (Exact name of registrant as specified in its chapter)


Delaware                                 1-8422               95-4083087
(State or other jurisdiction           (Commission           (IRS Employer
of incorporation                       File Number)          Identification No.)

   4500 PARK GRANADA, CALABASAS CA                                       91302
Address of principal executive offices)                               (Zip Code)




       Registrant's telephone number, including area code: (818) 225-3000





















ITEM 5.  OTHER EVENTS


         Countrywide Credit Industries, Inc. ("CCI") is hereby filing as Exhibit
99.16,  the press release that  announced  the offering of 30-year,  zero coupon
senior  convertible  notes.  The press release is filed pursuant to Rule 135C of
the Securities Act of 1933.

ITEM 7.           FINANCIAL STATEMENTS AND EXHIBITS

Exhibit No.                Description

99.16                      February 2, 2001 press  release of  Countrywide
                           Credit  Industries,  Inc., announcing the offering of
                           30-year, zero coupon senior convertible notes.



                                    SIGNATURES

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

Dated: February 6, 2001


                                             COUNTRYWIDE CREDIT INDUSTRIES, INC.

                                                    By: /s/ Standford L. Kurland
                                                     Standford L. Kurland
                                                   Senior Managing Director and
                                                   Chief Operating Officer

         EXHIBIT INDEX

Exhibit No.                         Description

99.16                            February 2, 2001 press  release of  Countrywide
                                 Credit  Industries,  Inc., announcing the
                                 offering of 30-year, zero coupon senior
                                 convertible notes.