NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999-5
8-K, 1999-06-07
ASSET-BACKED SECURITIES
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				  UNITED STATES
		       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 (Date of earliest event reported):  May 25, 1999

		      NORWEST ASSET SECURITIES CORPORATION
	     Mortgage Pass-Through Certificates, Series 1999-5 Trust


New York (governing law of          333-65481-08   52-2155934
Pooling and Servicing Agreement)    (Commission    IRS EIN
(State or other                     File Number)
jurisdiction


	c/o Norwest Bank Minnesota, N.A.
	11000 Broken Land Parkway                            21044
	Columbia, Maryland                                  (Zip Code)
	(Address of principal executive offices)


       Registrant's telephone number, including area code:  (410) 884-2000



	  Former name or former address, if changed since last report)


ITEM 5.  Other Events

On May 25, 1999 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1999-5
Trust.



  ITEM 7.  Financial Statements and Exhibits

	(c)  Exhibits furnished in accordance with Item 601(a) of
  Regulation S-K

	     Exhibit Number                      Description
				 Monthly report distributed to holders of
	     EX-99.1             Mortgage Pass-Through Certificates, Series
				 1999-5 Trust, relating to the May 25, 1999
				  distribution.






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 ASSET SECURITIES CORPORATION
	      Mortgage Pass-Through Certificates, Series 1999-5 Trust

	      By:   Norwest Bank Minnesota, N.A., as Master Servicer
	      By:   /s/ Sherri J. Sharps, Vice President
	      By:   Sherri J. Sharps, Vice President
	      Date: 6/4/99


				INDEX TO EXHIBITS

Exhibit Number                   Description

EX-99.1        Monthly report distributed to holders of Mortgage Pass-Through
		Certificates, Series 1999-5 Trust, relating to the May 25,
		1999 distribution.






<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date:            4/30/99
Distribution Date:     5/25/99

NASCOR  Series: 1999-5

Contact: Customer Service
	 Norwest Bank Minnesota, N.A.
	 Securities Administration Services
	 7485 New Horizon Way
	 Frederick, MD 21703
	 Telephone: (301) 846-8130
	 Fax:       (301) 846-8152


					     Certificateholder Distribution Summary

		       Certificate      Certificate        Beginning
			  Class        Pass-Through      Certificate       Interest      Principal
Class          CUSIP   Description             Rate          Balance   Distribution   Distribution
<S>          <C>        <C>            <C>            <C>               <C>             <C>
    A-PO       NMB9905PO         PO           0.00000%      1,821,592.15            0.00        6,975.31
    A-1        66937RML0         SEQ          6.25000%     73,484,956.06      382,734.15      656,339.58
    A-2        66937RMM8         SEQ          6.25000%     29,031,576.04      151,206.13      310,155.57
    A-3        66937RMN6         SEQ          6.25000%        949,072.00        4,943.08            0.00
    A-4        66937RMP1         SEQ          6.00000%     36,188,056.24      180,940.28      122,096.74
    A-5        66937RMQ9         SEQ          6.50000%     36,188,056.24      196,018.64      122,096.74
    A-6        66937RMR7         SEQ          6.25000%    146,902,098.94      765,115.10    1,519,730.47
    A-7        66937RMS5         SEQ          6.00000%     53,837,114.35      269,185.57      556,955.30
    A-8        66937RMT3         SEQ          6.50000%     53,837,114.35      291,617.70      556,955.30
    A-R        66937RMU0          R           6.25000%              0.00            0.00            0.00
    B-1        66937RMV8         SUB          6.25000%      3,353,652.51       17,466.94       11,315.06
    B-2        66937RMW6         SUB          6.25000%      1,789,078.25        9,318.12        6,036.26
    B-3        66937RMX4         SUB          6.25000%      1,564,574.26        8,148.82        5,278.80
    B-4        66937RNZ8         SUB          6.25000%        894,042.43        4,656.47        3,016.46
    B-5        66937RPA1         SUB          6.25000%        671,525.21        3,497.53        2,265.69
    B-6        66937RPB9         SUB          6.25000%        670,774.74        3,493.62        2,104.31
Totals                                                    441,183,283.77    2,288,342.15    3,881,321.59
</TABLE>
<TABLE>
<CAPTION>

				       Certificateholder Distribution Summary (continued)

			  Current                Ending                                       Cumulative
			 Realized           Certificate                   Total                 Realized
Class                        Loss               Balance            Distribution                   Losses
<S>           <C>                  <C>                     <C>                      <C>
A-PO                           0.00           1,814,616.84                 6,975.31                      0.00
A-1                            0.00          72,828,616.47             1,039,073.73                      0.00
A-2                            0.00          28,721,420.47               461,361.70                      0.00
A-3                            0.00             949,072.00                 4,943.08                      0.00
A-4                            0.00          36,065,959.50               303,037.02                      0.00
A-5                            0.00          36,065,959.50               318,115.38                      0.00
A-6                            0.00         145,382,368.47             2,284,845.57                      0.00
A-7                            0.00          53,280,159.04               826,140.87                      0.00
A-8                            0.00          53,280,159.04               848,573.00                      0.00
A-R                            0.00                   0.00                     0.00                      0.00
B-1                            0.00           3,342,337.45                28,782.00                      0.00
B-2                            0.00           1,783,041.98                15,354.38                      0.00
B-3                            0.00           1,559,295.46                13,427.62                      0.00
B-4                            0.00             891,025.98                 7,672.93                      0.00
B-5                            0.00             669,259.51                 5,763.22                      0.00
B-6                          158.85             668,511.58                 5,597.93                  1,922.61
Totals                       158.85         437,301,803.29             6,169,663.74                  1,922.61
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
Edward M. Frere, Jr.
Vice President, Norwest Bank Minnesota, N.A.
</FN>
</TABLE>
<TABLE>
<CAPTION>

						Principal Distribution Statement

			Original         Beginning        Scheduled     Unscheduled
			    Face       Certificate        Principal       Principal                     Realized
Class                     Amount           Balance     Distribution    Distribution     Accretion       Loss (1)
<S>             <C>               <C>                 <C>               <C>             <C>             <C>
A-PO                  1,840,080.96       1,821,592.15          6,431.03           544.28           0.00            0.00
A-1                  75,000,000.00      73,484,956.06        247,934.66       408,404.92           0.00            0.00
A-2                  29,756,080.00      29,031,576.04        101,153.25       209,002.32           0.00            0.00
A-3                     949,072.00         949,072.00              0.00             0.00           0.00            0.00
A-4                  36,429,200.00      36,188,056.24        122,096.74             0.00           0.00            0.00
A-5                  36,429,200.00      36,188,056.24        122,096.74             0.00           0.00            0.00
A-6                 150,452,094.00     146,902,098.94        495,640.53     1,024,089.94           0.00            0.00
A-7                  55,138,127.00      53,837,114.35        181,643.80       375,311.50           0.00            0.00
A-8                  55,138,127.00      53,837,114.35        181,643.80       375,311.50           0.00            0.00
A-R                         100.00               0.00              0.00             0.00           0.00            0.00
B-1                   3,376,000.00       3,353,652.51         11,315.06             0.00           0.00            0.00
B-2                   1,801,000.00       1,789,078.25          6,036.26             0.00           0.00            0.00
B-3                   1,575,000.00       1,564,574.26          5,278.80             0.00           0.00            0.00
B-4                     900,000.00         894,042.43          3,016.46             0.00           0.00            0.00
B-5                     676,000.00         671,525.21          2,265.69             0.00           0.00            0.00
B-6                     675,244.53         670,774.74          2,104.31             0.00           0.00          158.85
Totals              450,135,325.49     441,183,283.77      1,488,657.13     2,392,664.46            0.00         158.85
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>

					  Principal Distribution Statement (continued)

				   Total               Ending              Ending            Total
			       Principal          Certificate         Certificate        Principal
Class                          Reduction              Balance          Percentage     Distribution
<S>               <C>                     <C>                    <C>                 <C>
A-PO                              6,975.31          1,814,616.84           0.98616141          6,975.31
A-1                             656,339.58         72,828,616.47           0.97104822        656,339.58
A-2                             310,155.57         28,721,420.47           0.96522863        310,155.57
A-3                                   0.00            949,072.00           1.00000000              0.00
A-4                             122,096.74         36,065,959.50           0.99002886        122,096.74
A-5                             122,096.74         36,065,959.50           0.99002886        122,096.74
A-6                           1,519,730.47        145,382,368.47           0.96630339      1,519,730.47
A-7                             556,955.30         53,280,159.04           0.96630339        556,955.30
A-8                             556,955.30         53,280,159.04           0.96630339        556,955.30
A-R                                   0.00                  0.00           0.00000000              0.00
B-1                              11,315.06          3,342,337.45           0.99002887         11,315.06
B-2                               6,036.26          1,783,041.98           0.99002886          6,036.26
B-3                               5,278.80          1,559,295.46           0.99002886          5,278.80
B-4                               3,016.46            891,025.98           0.99002887          3,016.46
B-5                               2,265.69            669,259.51           0.99002886          2,265.69
B-6                               2,263.16            668,511.58           0.99002887          2,104.31
Totals                        3,881,480.44        437,301,803.29           0.97148964      3,881,321.59
</TABLE>
<TABLE>
<CAPTION>

					      Principal Distribution Factors Statement

			  Original          Beginning         Scheduled        Unscheduled
			      Face        Certificate         Principal          Principal
Class (2)                   Amount            Balance      Distribution       Distribution        Accretion
<S>          <C>                    <C>                 <C>                 <C>                <C>
A-PO                    1,840,080.96        989.95217580         3.49497122          0.29579133        0.00000000
A-1                    75,000,000.00        979.79941413         3.30579547          5.44539893        0.00000000
A-2                    29,756,080.00        975.65190173         3.39941451          7.02385260        0.00000000
A-3                       949,072.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-4                    36,429,200.00        993.38048159         3.35161738          0.00000000        0.00000000
A-5                    36,429,200.00        993.38048159         3.35161738          0.00000000        0.00000000
A-6                   150,452,094.00        976.40448221         3.29434119          6.80675099        0.00000000
A-7                    55,138,127.00        976.40448233         3.29434114          6.80675098        0.00000000
A-8                    55,138,127.00        976.40448233         3.29434114          6.80675098        0.00000000
A-R                           100.00          0.00000000         0.00000000          0.00000000        0.00000000
B-1                     3,376,000.00        993.38048282         3.35161730          0.00000000        0.00000000
B-2                     1,801,000.00        993.38048306         3.35161577          0.00000000        0.00000000
B-3                     1,575,000.00        993.38048254         3.35161905          0.00000000        0.00000000
B-4                       900,000.00        993.38047778         3.35162222          0.00000000        0.00000000
B-5                       676,000.00        993.38048817         3.35161243          0.00000000        0.00000000
B-6                       675,244.53        993.38048692         3.11636734          0.00000000        0.00000000
<FN>
2) Per $1,000 denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>

				      Principal Distribution Factors Statement (continued)
					      Total                Ending              Ending             Total
			Realized          Principal           Certificate         Certificate         Principal
Class                   Loss (3)          Reduction               Balance          Percentage      Distribution

<S>            <C>                 <C>                 <C>                    <C>                 <C>
A-PO                    0.00000000          3.79076255            986.16141325          0.98616141         3.79076255
A-1                     0.00000000          8.75119440            971.04821960          0.97104822         8.75119440
A-2                     0.00000000         10.42326711            965.22863462          0.96522863        10.42326711
A-3                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-4                     0.00000000          3.35161738            990.02886421          0.99002886         3.35161738
A-5                     0.00000000          3.35161738            990.02886421          0.99002886         3.35161738
A-6                     0.00000000         10.10109218            966.30339003          0.96630339        10.10109218
A-7                     0.00000000         10.10109212            966.30339003          0.96630339        10.10109212
A-8                     0.00000000         10.10109212            966.30339003          0.96630339        10.10109212
A-R                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
B-1                     0.00000000          3.35161730            990.02886552          0.99002887         3.35161730
B-2                     0.00000000          3.35161577            990.02886174          0.99002886         3.35161577
B-3                     0.00000000          3.35161905            990.02886349          0.99002886         3.35161905
B-4                     0.00000000          3.35162222            990.02886667          0.99002887         3.35162222
B-5                     0.00000000          3.35161243            990.02886095          0.99002886         3.35161243
B-6                     0.23524811          3.35161545            990.02887147          0.99002887         3.11636734
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
    Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>

						 Interest Distribution Statement

						      Beginning                       Payment of
		      Original        Current      Certificate/            Current        Unpaid         Current
			  Face    Certificate          Notional            Accrued     Interest         Interest
Class                   Amount           Rate           Balance           Interest     Shortfall       Shortfall
<S>           <C>               <C>             <C>                 <C>                <C>             <C>
A-PO                1,840,080.96        0.00000%       1,821,592.15                0.00           0.00             0.00
A-1                75,000,000.00        6.25000%      73,484,956.06          382,734.15           0.00             0.00
A-2                29,756,080.00        6.25000%      29,031,576.04          151,206.13           0.00             0.00
A-3                   949,072.00        6.25000%         949,072.00            4,943.08           0.00             0.00
A-4                36,429,200.00        6.00000%      36,188,056.24          180,940.28           0.00             0.00
A-5                36,429,200.00        6.50000%      36,188,056.24          196,018.64           0.00             0.00
A-6               150,452,094.00        6.25000%     146,902,098.94          765,115.10           0.00             0.00
A-7                55,138,127.00        6.00000%      53,837,114.35          269,185.57           0.00             0.00
A-8                55,138,127.00        6.50000%      53,837,114.35          291,617.70           0.00             0.00
A-R                       100.00        6.25000%               0.00                0.00           0.00             0.00
B-1                 3,376,000.00        6.25000%       3,353,652.51           17,466.94           0.00             0.00
B-2                 1,801,000.00        6.25000%       1,789,078.25            9,318.12           0.00             0.00
B-3                 1,575,000.00        6.25000%       1,564,574.26            8,148.82           0.00             0.00
B-4                   900,000.00        6.25000%         894,042.43            4,656.47           0.00             0.00
B-5                   676,000.00        6.25000%         671,525.21            3,497.53           0.00             0.00
B-6                   675,244.53        6.25000%         670,774.74            3,493.62           0.00             0.00
Totals            450,135,325.49                                           2,288,342.15           0.00             0.00
</TABLE>
 <TABLE>
 <CAPTION>

					    Interest Distribution Statement (continued)

										   Remaining            Ending
		     Non-Supported                                  Total             Unpaid      Certificate/
			  Interest            Realized           Interest          Interest           Notional
 Class                   Shortfall          Losses (4)       Distribution          Shortfall           Balance
 <S>            <C>                  <C>                 <C>                 <C>                 <C>
 A-PO                           0.00                0.00                 0.00                0.00       1,814,616.84
 A-1                            0.00                0.00           382,734.15                0.00      72,828,616.47
 A-2                            0.00                0.00           151,206.13                0.00      28,721,420.47
 A-3                            0.00                0.00             4,943.08                0.00         949,072.00
 A-4                            0.00                0.00           180,940.28                0.00      36,065,959.50
 A-5                            0.00                0.00           196,018.64                0.00      36,065,959.50
 A-6                            0.00                0.00           765,115.10                0.00     145,382,368.47
 A-7                            0.00                0.00           269,185.57                0.00      53,280,159.04
 A-8                            0.00                0.00           291,617.70                0.00      53,280,159.04
 A-R                            0.00                0.00                 0.00                0.00               0.00
 B-1                            0.00                0.00            17,466.94                0.00       3,342,337.45
 B-2                            0.00                0.00             9,318.12                0.00       1,783,041.98
 B-3                            0.00                0.00             8,148.82                0.00       1,559,295.46
 B-4                            0.00                0.00             4,656.47                0.00         891,025.98
 B-5                            0.00                0.00             3,497.53                0.00         669,259.51
 B-6                            0.00                0.00             3,493.62                0.00         668,511.58
 Totals                         0.00                0.00         2,288,342.15                0.00
 <FN>
 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
     Please Refer to the Prospectus Supplement for a Full Description.
 </FN>
 </TABLE>
<TABLE>
<CAPTION>

					    Interest Distribution Factors Statement

							  Beginning                        Payment of
			Original        Current        Certificate/          Current           Unpaid          Current
			    Face    Certificate            Notional          Accrued        Interest          Interest
Class (5)                 Amount           Rate             Balance         Interest        Shortfall        Shortfall
<S>           <C>                 <C>             <C>                  <C>               <C>               <C>
A-PO                  1,840,080.96        0.00000%         989.95217580        0.00000000        0.00000000        0.00000000
A-1                  75,000,000.00        6.25000%         979.79941413        5.10312200        0.00000000        0.00000000
A-2                  29,756,080.00        6.25000%         975.65190173        5.08152048        0.00000000        0.00000000
A-3                     949,072.00        6.25000%        1000.00000000        5.20832982        0.00000000        0.00000000
A-4                  36,429,200.00        6.00000%         993.38048159        4.96690238        0.00000000        0.00000000
A-5                  36,429,200.00        6.50000%         993.38048159        5.38081100        0.00000000        0.00000000
A-6                 150,452,094.00        6.25000%         976.40448221        5.08544002        0.00000000        0.00000000
A-7                  55,138,127.00        6.00000%         976.40448233        4.88202238        0.00000000        0.00000000
A-8                  55,138,127.00        6.50000%         976.40448233        5.28885756        0.00000000        0.00000000
A-R                         100.00        6.25000%           0.00000000        0.00000000        0.00000000        0.00000000
B-1                   3,376,000.00        6.25000%         993.38048282        5.17385664        0.00000000        0.00000000
B-2                   1,801,000.00        6.25000%         993.38048306        5.17385897        0.00000000        0.00000000
B-3                   1,575,000.00        6.25000%         993.38048254        5.17385397        0.00000000        0.00000000
B-4                     900,000.00        6.25000%         993.38047778        5.17385556        0.00000000        0.00000000
B-5                     676,000.00        6.25000%         993.38048817        5.17386095        0.00000000        0.00000000
B-6                     675,244.53        6.25000%         993.38048692        5.17385902        0.00000000        0.00000000
<FN>
5) Per $1,000 denomination

</FN>
</TABLE>
<TABLE>
<CAPTION>
				       Interest Distribution Factors Statement (continued)

									    Remaining              Ending
		  Non-Supported                               Total            Unpaid        Certificate/
		       Interest         Realized           Interest          Interest            Notional
Class                 Shortfall       Losses (6)       Distribution         Shortfall             Balance
<S>           <C>               <C>               <C>                 <C>                 <C>
A-PO                  0.00000000        0.00000000         0.00000000          0.00000000          986.16141325
A-1                   0.00000000        0.00000000         5.10312200          0.00000000          971.04821960
A-2                   0.00000000        0.00000000         5.08152048          0.00000000          965.22863462
A-3                   0.00000000        0.00000000         5.20832982          0.00000000         1000.00000000
A-4                   0.00000000        0.00000000         4.96690238          0.00000000          990.02886421
A-5                   0.00000000        0.00000000         5.38081100          0.00000000          990.02886421
A-6                   0.00000000        0.00000000         5.08544002          0.00000000          966.30339003
A-7                   0.00000000        0.00000000         4.88202238          0.00000000          966.30339003
A-8                   0.00000000        0.00000000         5.28885756          0.00000000          966.30339003
A-R                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
B-1                   0.00000000        0.00000000         5.17385664          0.00000000          990.02886552
B-2                   0.00000000        0.00000000         5.17385897          0.00000000          990.02886174
B-3                   0.00000000        0.00000000         5.17385397          0.00000000          990.02886349
B-4                   0.00000000        0.00000000         5.17385556          0.00000000          990.02886667
B-5                   0.00000000        0.00000000         5.17386095          0.00000000          990.02886095
B-6                   0.00000000        0.00000000         5.17385902          0.00000000          990.02887147
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
    Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>



<TABLE>
<CAPTION>

						      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                   15,492.23
Deposits
    Payments of Interest and Principal                                                           6,152,349.57
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                               97,192.05
    Realized Losses                                                                                      0.00
Total Deposits                                                                                   6,249,541.62

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                          95,370.12
    Payment of Interest and Principal                                                            6,169,663.74
Total Withdrawals (Pool Distribution Amount)                                                     6,265,033.86

Ending Balance                                                                                           0.00

</TABLE>
<TABLE>
<CAPTION>

					    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<S>                                                                                   <C>

Total Prepayment/Curtailment Interest Shortfall                                                      2,792.17
Servicing Fee Support                                                                                2,792.17
Non-Supported Prepayment/Curtailment Interest Shortfall                                                  0.00
</TABLE>
<TABLE>
<CAPTION>

							 SERVICING FEES

<S>                                                                                   <C>
Gross Servicing Fee                                                                                 91,912.26
Master Servicing Fee                                                                                 6,250.03
Supported Prepayment/Curtailment Interest Shortfall                                                  2,792.17
Net Servicing Fee                                                                                   95,370.12

</TABLE>

<TABLE>
<CAPTION>
						       DELINQUENCY STATUS

									    Percentage Delinquent
										  Based On
				   Current           Unpaid
				    Number        Principal                 Number            Unpaid
				  Of Loans          Balance               Of Loans           Balance
<S>                        <C>                 <C>                   <C>                <C>
30 Days                                   4      1,126,895.96               0.324675%          0.257693%
60 Days                                   1        392,398.02               0.081169%          0.089732%
90+ Days                                  0              0.00               0.000000%          0.000000%
Foreclosure                               0              0.00               0.000000%          0.000000%
REO                                       0              0.00               0.000000%          0.000000%
Totals                                    5      1,519,293.98               0.405844%          0.347425%
</TABLE>
<TABLE>
<CAPTION>
						       OTHER INFORMATION

<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                         158.85
Cumulative Realized Losses - Includes Interest Shortfall                                         1,922.61
Current Period Class A Insufficient Funds                                                            0.00
Principal Balance of Contaminated Properties                                                         0.00
Periodic Advance                                                                               694,979.56
</TABLE>

<TABLE>
<CAPTION>

				 SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE

										       Current          Next
		      Original $    Original %          Current $     Current %         Class%    Prepayment%
<S>      <C>   <C>               <C>              <C>               <C>             <C>            <C>
Class    A          9,003,244.53      2.00011952%       8,913,471.96    2.03828841%      97.953218%    100.000000%
Class    B-1        5,627,244.53      1.25012284%       5,571,134.51    1.27397931%       0.767494%      0.000000%
Class    B-2        3,826,244.53      0.85002094%       3,788,092.53    0.86624215%       0.409436%      0.000000%
Class    B-3        2,251,244.53      0.50012616%       2,228,797.07    0.50967022%       0.358058%      0.000000%
Class    B-4        1,351,244.53      0.30018629%       1,337,771.09    0.30591483%       0.204604%      0.000000%
Class    B-5          675,244.53      0.15000923%         668,511.58    0.15287190%       0.153681%      0.000000%
Class    B-6                0.00      0.00000000%               0.00    0.00000000%       0.153509%      0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
						       CREDIT ENHANCEMENT

				    Original $        Original %         Current $        Current %
<S>                         <C>               <C>               <C>               <C>
		 Bankruptcy         100,000.00       0.02221554%        100,000.00       0.02286750%
		      Fraud       9,002,706.51       2.00000000%      9,002,706.51       2.05869412%
	     Special Hazard       8,468,415.41       1.88130434%      8,468,415.41       1.93651509%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
			      COLLATERAL STATEMENT
<S>                                                                       <C>
Collateral Description                                             Fixed 15 Year

Weighted Average Gross Coupon                                         6.808689%
Weighted Average Pass-Through Rate                                    6.250000%
Weighted Average Maturity(Stepdown Calculation )                            174
Begin Scheduled Collateral Loan Count                                     1,239

Number Of Loans Paid In Full                                                  7
End Scheduled Collateral Loan Count                                       1,232
Begining Scheduled Collateral Balance                            441,183,283.75
Ending Scheduled Collateral Balance                              437,301,803.30
Ending Actual Collateral Balance at 30-Apr-1999                  441,884,087.93
Ending Scheduled Balance For Norwest                             375,833,954.92
Ending Scheduled Balance For Other Services                       61,467,848.38
Monthly P &I Constant                                              3,882,679.07
Class A Optimal Amount                                             6,086,090.35
Class AP Deferred Amount                                                   0.00
Ending Scheduled Balance for Premium Loans                       359,232,707.63
Ending scheduled Balance For discounted Loans                     78,069,095.67
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
    Less Than Or Equal To 80%                                    431,504,032.14
    Greater Than 80%, less than or equal to 85%                      795,761.73
    Greater than 85%, less than or equal to 95%                    5,205,393.37
    Greater than 95%                                                        0.00

</TABLE>





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