NORWEST ASSET SECURITIES CORP
8-K, 1997-08-22
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:  August 21, 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 Lehman  Brothers  Inc.,  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 Lehman Brothers Inc.
                                             in connection with Norwest Asset
                                             Securities Corporation, Mortgage
                                             Pass-Through Certificates,
                                             Series 1997-13



<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


August 21, 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 Lehman Brothers Inc.
                     connection with Norwest Asset Securities
                     Corporation, Mortgage Pass-Through
                     Certificates, Series 1997-13




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