  We present a measurement of time-dependent CP asymmetries and an updated
determination of the CP-odd fraction in the decay B0 --> D*+D*- using a data
sample of 88 x 10^6 BBbar pairs collected by the BABAR detector at the PEP-II B
Factory at SLAC. We determine the CP-odd fraction to be 0.063 +/- 0.055(stat)
+/- 0.009(syst). The time-dependent CP asymmetry parameters $Im(\lambda_+)$ and
$|\lambda_+|$ are determined to be 0.05 +/- 0.29(stat) +/- 0.10(syst) and 0.75
+/- 0.19(stat) +/- 0.02(syst), respectively. The Standard Model predicts these
parameters to be -sin2beta and 1, respectively, in the absence of penguin
diagram contributions.
