WELLS FARGO ASSET SECURITIES CORP
8-K, 2001-01-19
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 19, 2001
(Date of earliest event reported)

Commission File No.:  333-48720





                    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 Collateral Term Sheets (as defined in
the no-action letter dated February 17, 1995 issued by the Securities and
Exchange Commission to the Public Securities Association) prepared by UBS
Warburg LLC 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)                                      Collateral Term Sheets
                                                prepared by UBS Warburg
                                                LLC in connection with Wells
                                                Fargo Asset Securities
                                                Corporation, Mortgage
                                                Pass-Through Certificates,
                                                Series 2001-2



<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


January 19, 2001

                                   By:      /s/ Alan S. McKenney
                                          ----------------------------------

                                          Alan S. McKenney
                                          Vice President


<PAGE>





                                INDEX TO EXHIBITS

                                                            Paper (P) or
Exhibit No.             Description                         Electronic (E)
-----------             -----------                         --------------
   (99)                 Collateral Term Sheets prepared            E
                        by UBS Warburg LLC in
                        connection with Wells Fargo
                        Asset Securities Corporation,
                        Mortgage Pass-Through
                        Certificates, Series 2001-2


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