NORWEST ASSET SECURITIES CORP
8-K, 1998-03-03
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:  February 24, 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  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 1998-8



<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


February 24, 1998

                                          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 1998-8



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