WELLS FARGO ASSET SECURITIES CORP
8-K, 2000-04-25
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: April 25, 2000
(Date of earliest event reported)

Commission File No. 333-65481



                    Wells Fargo 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

Norwest Asset Securities Corporation (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 Wells Fargo 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.

                                   WELLS FARGO ASSET SECURITIES
                                     CORPORATION

April 25, 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
                              prepared by Lehman Brothers
                              Inc. in connection with Wells
                              Fargo Asset Securities
                              Corporation, Mortgage
                              Pass-Through Certificates,
                              Series 2000-1.



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