NORWEST ASSET SECURITIES CORP
8-K, 1997-10-27
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:  September 24, 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  Computational  Materials (as defined in the
no-action  letter  dated May 21,  1994  issued by the  Securities  and  Exchange
Commission to Kidder,  Peabody Acceptance  Corporation-I,  Kidder, Peabody & Co.
Incorporated  and Kidder  Structured Asset  Corporation  (the "Kidder  Letter"))
prepared by Donaldson Lufkin & Jenrette 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)                            Computational Materials prepared by 
                                         Greenwich Capital  Markets, Inc.
                                         in connection with Norwest Asset 
                                         Securities Corporation, Mortgage 
                                         Pass-Through Certificates,
                                         Series 1997-16



<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


September 24, 1997

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




<PAGE>




                                INDEX TO EXHIBITS



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

   (99)                   Computational Materials                   P
                          prepared by Greenwich Capital
                          Markets, Inc. in
                          connection with Norwest Asset Securities
                          Corporation, Mortgage Pass-Through
                          Certificates, Series 1997-16




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