UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549


SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1 )*

(Name of Issuer)
NEW CENTURY FINANCIAL CORP.

(Title of Class of Securities)
Common Stock


(CUSIP Number)
64352D101

Check the following box if a fee
is being paid with this statement.
 (A fee is not required only if the
filing person:  (1) has a previous
statement on file reporting beneficial
 ownership of more than five percent of
the class of securities described in Item 1;
 and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of
 five percent or less of such class.)
(See Rule 13d-7).

*The remainder of this cover page
shall be filled out for a reporting
persons initial filing on this form
with respect to the subject class of
securities, and for any subsequent
amendment containing information which
would alter the disclosures provided
in a prior cover page.

The information required in the remainder
 of this cover page shall not be deemed
 to be filed for the purpose of Section
18 of the Securities Exchange Act of 1934
(Act) or otherwise subject to the liabilities
 of that section of the Act but shall
be subject to all other provisions of
the Act (however, see the Notes).


1  NAME OF REPORTING PERSON   S.S. OR I.R.S. IDENTIFICATION NO. OF PERSON
	THOMSON HORSTMANN & BRYANT, INC.
	22-3508647

2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	N/A

3  SEC USE ONLY

4  CITIZENSHIP OR PLACE OF ORGANIZATION
	A DELAWARE CORPORATION
	SADDLE BROOK, NJ  07663

5  SOLE VOTING POWER
	0

6  SHARED VOTING POWER
	0

7  SOLE DISPOSITIVE POWER
	0

8  SHARED DISPOSITIVE POWER
	NONE

9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	0

10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
	N/A

11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
	0%

12  TYPE OF REPORTING PERSON *
	IA

ITEM 1.
	(A) NEW CENTURY FINANCIAL CORP.
	(B) 18400 VON KARMAN, SUITE 1000, IRVINE, CA  92612

ITEM 2.
	(A) THOMSON HORSTMANN & BRYANT, INC.
	(B) PARK 80 WEST, PLAZA TWO, SADDLE BROOK, NJ 07663
	(C) A DELAWARE CORPORATION
	(D) COMMON
	(E) 64352D101

ITEM 3.
	(E) INVESTMENT ADVISER REGISTERED
UNDER SECTION 203 OF THE INVESTMENT
		    ADVISERS ACT OF 1940




ITEM 4.
	(A)  0
	(B)  0%
	(C)	(I)	0
		(II)	0
		(III)	0
		(IV)	NONE

ITEM 5.  N/A

ITEM 6.  N/A

ITEM 7.  N/A

ITEM 8.  N/A

ITEM 9.  N/A


ITEM 10. CERTIFICATION
	By signing below I certify that,
 to the best of my knowledge and belief,
 the securities referred to above were acquired
in the ordinary course of business and were
 not acquired for the purpose of and do not
 have the effect of changing or influencing
the control of the issuer of such securities
and were not acquired in connection with or
as a participant in any transaction having
such purposes or effect.

SIGNATURE

After reasonable inquiry and to the best
 of my knowledge and belief, I certify that
the information set forth in this statement
is true, complete and correct.

							Richard A. Horstmann, VP
							Date:   1/8/03