INDEPENDENT AUDITORS' CONSENT
The Board of Directors
Ambac Assurance Corporation:
We consent to the incorporation by reference in the registration
statement (No. 333-65481) of Wells Fargo Asset Securities
Corporation (the "Registrant"), and in the Prospectus Supplement
of the Registrant (the "Prospectus Supplement"), via the Form 8-K
of the Registrant dated August 24, 2000 of our report dated
January 21, 2000 on the consolidated financial statements of
Ambac Assurance Corporation and subsidiaries as of December 31,
1999 and 1998, and for each of the years in the three-year period
ended December 31, 1999, which report appears in the Form 10-K of
Ambac Financial Group, Inc. which was filed with the Securities
and Exchange Commission on March 30, 2000 and to the reference to
our firm under the heading "Experts" in the Prospectus
Supplement.
/s/ KPMG LLP
New York, New York
August 24, 2000
