NORWEST ASSET SECURITIES CORP
8-K, 1999-06-24
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: June 24, 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  PaineWebber  Incorporated  ("PaineWebber")  and  Greenwich  Capital
Markets,  Inc.  ("Greenwich  Capital")  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
- -----------------                               -----------

      (99a)                          Computational  Materials  prepared  by
                                     PaineWebber in connection with Norwest
                                     Asset Securities Corporation, Mortgage
                                     Pass-Through   Certificates,    Series
                                     1999-18

      (99b)                          Computational  Materials  prepared  by
                                     Greenwich  Capital in connection  with
                                     Norwest Asset Securities  Corporation,
                                     Mortgage  Pass-Through   Certificates,
                                     Series 1999-18


<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

June 24, 1999

                                   By: /s/ Alan S. McKenney
                                       ------------------------
                                           Alan S. McKenney
                                           Vice President


<PAGE>


                                INDEX TO EXHIBITS

                                                                  Paper (P) or
Exhibit No.                   Description                         Electronic (E)
- -----------                   -----------                         --------------

   (99a)                      Computational Materials                 P
                              prepared by PaineWebber in
                              connection with Norwest Asset
                              Securities Corporation,
                              Mortgage Pass-Through
                              Certificates, Series 1999-18.

   (99b)                      Computational Materials                 P
                              prepared by Greenwich Capital
                              in connection with Norwest
                              Asset Securities Corporation,
                              Mortgage Pass-Through
                              Certificates, Series 1999-18.



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