NORWEST ASSET SECURITIES CORP
8-K, 1997-04-30
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:  April 30, 1997
(Date of earliest event reported)

Commission File No. 333-21263


                           Norwest Asset Securities Corporation


        Delaware                                            52-1972128
- --------------------------------------------------------------------------------
(State of Incorporation)                   (I.R.S. Employer Identification No.)

7485 New Horizon Way                     
Frederick, Maryland                                           21703
- --------------------------------------------------------------------------------
Address of principal executive offices                       (Zip Code)



                                 (301) 846-8881
- --------------------------------------------------------------------------------
               Registrant's Telephone Number, including area code



- --------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)


                                    Page 1 of
                         Index to Exhibits is on Page 5



<PAGE>



ITEM 5.    Other Events

     Attached  as an exhibit are the  Collateral  Term Sheets (as defined in the
no-action  letter dated  February 17, 1995 issued by the Securities and Exchange
Commission  to the Public  Securities  Association)  prepared  by Norwest  Asset
Securities Corporation which are hereby filed pursuant to such letter.





<PAGE>



ITEM 7.    Financial Statements and Exhibits

                    (c) Exhibits

Item 601(a)          
of Regulation S-K
Exhibit No.                                        Description
- -----------                                        --------
   (99)                                            Collateral Term Sheets
                                                   prepared by Norwest Asset
                                                   Securities Corporation in
                                                   connection with Norwest
                                                   Asset Securities Corporation,
                                                   Mortgage Pass-Through
                                                   Certificates, Series 1997-9



<PAGE>



     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.

                                   NORWEST ASSET SECURITIES CORPORATION


April 30, 1997

                                   By:  /s/ B. David Bialzak
                                        --------------------
                                        B. David Bialzak
                                        Vice President




<PAGE>




                                INDEX TO EXHIBITS



                                                             Paper (P) or
Exhibit No.           Description                           Electronic (E)
- -----------           -----------                           --------------

   (99)               Collateral Term Sheets                        P
                      prepared by Norwest
                      Asset Securities
                      Corporation in connection
                      with Norwest Asset
                      Securities Corporation, Mortgage
                      Pass-Through Certificates, Series 1997-9




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