WELLS FARGO ASSET SECURITIES CORP
8-K, 2000-11-22
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: November 22, 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 Bear, Stearns & Co.
      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 Bear, Stearns
                                                & Co. Inc. in connection
                                                with Wells Fargo Asset
                                                Securities Corporation,
                                                Mortgage Pass-Through
                                                Certificates, Series 2000-12.



<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

November 22, 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 Bear,
                        Stearns & Co. Inc. in connection
                        with Wells Fargo Asset
                        Securities Corporation,
                        Mortgage Pass-Through
                        Certificates, Series 2000-12.


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