NORWEST ASSET SECURITIES CORP
8-K, 1998-01-23
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:  January 23, 1998
(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 Credit  Suisse  First  Boston  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 Credit Suisse
                              First  Boston   Corporation  in  connection   with
                              Norwest  Asset  Securities  Corporation,  Mortgage
                              Pass- Through Certificates, Series 1998-3



<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


January 23, 1998

                                   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 Pprepared by        P
                      Credit Suisse First Boston
                      Corporation in connection with
                      Norwest Asset Securities
                      Corporation, Mortgage Pass-Through
                      Certificates, Series 1998-3




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