NORWEST ASSET SECURITIES CORP
8-K, 1998-11-19
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: November 19, 1998
(Date of earliest event reported)

Commission File No. 333-45021

                      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 Salomon Smith Barney,  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 Salomon Smith 
                                                Barney,  Inc. in connection with
                                                Norwest Asset Securities
                                                Corporation, Mortgage
                                                Pass-Through Certificates, 
                                                Series 1998-29
<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

November 19, 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                           P
                    prepared by Salomon Smith Barney,  Inc.
                    in connection with Norwest Asset Securities   
                    Corporation, Mortgage Pass-Through            
                    Certificates, Series 1998-29



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