FIRST HORIZON ASSET SECURITIES INC
8-K, 2000-10-27
ASSET-BACKED SECURITIES
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<PAGE>

                      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: September 26, 2000
                       (Date of earliest event reported)


                      FIRST HORIZON ASSET SECURITIES INC.
            (Exact name of Registrant as specified in its charter)


        Delaware                    333-74467                75-2808384
(State of Incorporation)      (Commission File No.)       (I.R.S. Employer
                                                        Identification No.)



           4000 Horizon Way
             Irving, Texas                                  75063
(Address of Principal executive offices)                 (Zip Code)


       Registrant's Telephone Number, Including Area Code: (214) 441-4000
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Item 5.   Other Events.
          ------------

     Reference is hereby made to the Registrant's Registration Statement on Form
S-3 (File No. 333-74467) filed with the Securities and Exchange Commission (the
"Commission") on March 16, 1999, as amended by Amendment No. 1 thereto filed
with the Commission on May 21, 1999, as further amended by Amendment No. 2
thereto filed with the Commission on July 16, 1999, as further amended by
Amendment No. 3 thereto filed with the Commission on December 20, 1999, and as
further amended by Amendment No. 4 thereto filed with the Commission on January
21, 2000 (as so amended, the "Registration Statement"), pursuant to which the
Registrant registered $1,500,000,000 aggregate principal amount of its mortgage
pass-through certificates, issuable in various series, for sale in accordance
with the provisions of the Securities Act of 1933, as amended. Reference is also
hereby made to the Prospectus, the related Prospectus Supplement and the related
Supplement to the Prospectus Supplement (collectively, the "Prospectus"), which
have been filed with the Commission pursuant to Rule 424, with respect to the
Registrant's Mortgage Pass-Through Certificates, Series 2000-H (the "Offered
Securities").

     On September 27, 2000, the Registrant caused the issuance and
sale of the Offered Securities. The Offered Securities evidence a beneficial
ownership interest in a pool of conventional, fixed and adjustable rate,
one-to four-family residential, first lien mortgage loans (the "Mortgage
Loans"). The Offered Securities were created pursuant to a Pooling and Servicing
Agreement dated as of September 1, 2000 (the "Pooling and Servicing Agreement")
by and among the Registrant, as Depositor, First Tennessee Bank National
Association ("First Tennessee"), as Seller, First Horizon Home Loan Corporation,
as Master Servicer, The Huntington Mortgage Company, as Servicer, and The Bank
of New York, as Trustee. A copy of the Pooling and Servicing Agreement is filed
herewith as Exhibit 10.1.
            ------------

     The Offered Securities, having an aggregate principal balance of
approximately $337,312,100, have been sold by the Registrant to First Tennessee
pursuant to an Underwriting Agreement dated as of September 26, 2000 (the
"Underwriting Agreement"), as supplemented by a Terms Agreement dated as of July
26, 2000, each among First Tennessee and the Registrant.    A copy of the
Underwriting Agreement is filed herewith as Exhibit 1.1.
                                            -----------


Item 7.   Financial Statements and Exhibits.
          ---------------------------------

     (c)  Exhibits

          Exhibit No.    Description
          -----------    -----------

               1.1       Underwriting Agreement dated as of September 26, 2000,
                         by and between the Registrant and First Tennessee

               10.1      Pooling and Servicing Agreement dated as of September
                         1, 2000 by and among the Registrant, as Depositor,
                         First Tennessee, as Seller, First Horizon Home Loan
                         Corporation, as Master Servicer, The Huntington
                         Mortgage Company, as Servicer, and The Bank of New
                         York, as Trustee



                                      -2-
<PAGE>

                                  Signatures
                                  ----------

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant as of the date first written above has duly caused this Report to be
signed on its behalf by the undersigned hereunto duly authorized.


                            FIRST HORIZON ASSET SECURITIES INC.



                            By:  /s/ Wade Walker
                               ---------------------------------------------
                                Wade Walker
                                Senior Vice President - Asset Securitization

Dated October 25, 2000
<PAGE>

                               INDEX TO EXHIBITS


     Exhibit No.
     -----------

     1.1    Underwriting Agreement dated as of September 26, 2000, by and among
            the Registrant and First Tennessee Bank

     10.1   Pooling and Servicing Agreement dated as of September 1, 2000, by
            and among the Registrant, as Depositor, First Tennessee, as Seller,
            First Horizon Home Loan Corporation, as Master Servicer, The
            Huntington Mortgage Company, as Servicer, and The Bank of New York,
            as Trustee


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