NORWEST ASSET SECURITIES CORP
8-K, 1999-05-21
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:  May 21, 1999
(Date of earliest event reported)

Commission File No. 333-65481



                      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 1999-14



<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


May 21, 1999

                                    By:        /S/ ALAN S. MCKENNEY
                                        --------------------------------
                                               Alan S. McKenney
                                               Vice President


<PAGE>


                                INDEX TO EXHIBITS
                                -----------------


                                                         PAPER (P) OR
EXHIBIT NO.       DESCRIPTION                            ELECTRONIC (E)
- -----------       -----------                            --------------

   (99)           Computational Materials                       P
                  prepared by Credit Suisse
                  First Boston Corporation in
                  connection with Norwest
                  Asset Securities Corporation,
                  Mortgage Pass-Through
                  Certificates, Series 1999-14




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