NORWEST ASSET SECURITIES CORP
8-K, 1999-09-22
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: September 22, 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 Lehman Brothers 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 Lehman
                                    Brothers  Inc. in  connection  with  Norwest
                                    Asset   Securities   Corporation,   Mortgage
                                    Pass-Through Certificates, Series 1999-23



<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


September 22, 1999

                                   By:      /s/ ALLAN S. MCKENNEY
                                            ---------------------
                                          Allan S. McKenney
                                          Vice President




<PAGE>





                                INDEX TO EXHIBITS



                                                                    Paper (P) or
EXHIBIT NO.             DESCRIPTION                               ELECTRONIC (E)
- -----------             -----------                               --------------
   (99)                 Computational Materials                       P
                        prepared by Lehman Brothers Inc.
                        in connection with Norwest Asset
                        Securities Corporation, Mortgage
                        Pass-Through Certificates,
                        Series 1999-23



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