NORWEST INTEGRATED STRUCTURED ASSETS INC
8-K, 1998-02-03
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 28, 1998
(Date of earliest event reported)

Commission File No. 333-17801





                   Norwest Integrated Structured Assets, Inc.
- --------------------------------------------------------------------------------

        Delaware                                         Applied For
- --------------------------------------------------------------------------------
(State of Incorporation)                   (I.R.S. Employer Identification No.)

7485 New Horizon Way
Frederick, Maryland                                                 21703
- --------------------------------------------------------------------------------
Address of principal executive offices                             (Zip Code)



                                 (301) 846-8200
- --------------------------------------------------------------------------------
               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  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 Norwest Integrated
Structured Assets, 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                  Collateral  Term  Sheets  prepared  by  Norwest   Integrated
                    Structured   Assets,   Inc.  in   connection   with  Norwest
                    Integrated  Structured  Assets,  Inc. Mortgage  Asset-Backed
                    Pass-Through Certificates, Series 1998-1



<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 INTEGRATED STRUCTURED ASSETS, INC.

January 28, 1998

                                      By: /s/ B. David Bialzak
                                          ---------------------
                                          B. David Bialzak
                                          Vice President




<PAGE>




                                INDEX TO EXHIBITS


                                                                Paper (P) or
Exhibit No.             Description                            Electronic (E)
- -----------             -----------                            --------------

   (99)                 Collateral Term Sheets                        P
                        prepared by Norwest Integrated
                        Structured Assets, Inc. in connection
                        with Norwest Integrated Structured
                        Assets, Inc. Mortgage Asset-Backed
                        Pass-Through Certificates, Series 1998-1




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