NORWEST ASSET SECURITIES CORP
8-K, 1997-10-15
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:  October 15, 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>


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 1997-18


<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


October 15, 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 1997-18


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