NORWEST ASSET SECURITIES CORP
8-K, 1997-05-02
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:  May 2, 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 1997-8



<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


May 2, 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 1997-8




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