NORWEST ASSET SECURITIES CORP
8-K, 2000-01-25
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: January 24, 2000
(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 Donaldson, Lufkin &
      Jenrette 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)                                   Computational Materials
                                             prepared by Donaldson, Lufkin &
                                             Jenrette Securities Corporation in
                                             connection with Norwest Asset
                                             Securities Corporation, Mortgage
                                             Pass-Through Certificates, Series
                                             2000-1.

<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


January 24, 2000

                                        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 Donaldson, Lufkin &
                        Jenrette Securities Corporation in
                        connection with Norwest Asset Securities
                        Corporation, Mortgage
                        Pass-Through Certificates,
                        Series 2000-1.




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