RESIDENTIAL ASSET SECURITIES CORP
8-K, 2001-01-12
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 (Date of earliest event reported) January 11, 2001

Residential  Asset  Securities  Corporation  (as  company  under a  Pooling  and
Servicing  Agreement dated as of December 1, 2000 providing for, inter alia, the
issuance of Home Equity Mortgage Asset-Backed Pass-Through Certificates,  Series
2000-KS5)

                    Residential Asset Securities Corporation
   ---------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



           Delaware               333-84939              75-2006294
  ============================ ================= ===========================
       (State or other           (Commission          (I.R.S. employer
       jurisdiction of           file number)       identification no.)
        incorporation)


        8400 Normandale Lake Blvd., Suite 600, Minneapolis, MN   55437
   ---------------------------------------------------------------------------
     (Address of principal executive offices)                  (Zip code)



        Registrant's telephone number, including area code (612) 832-7000
                                 --------------



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


                         Exhibit Index Located on Page 2



<PAGE>


Items 1 through 6 and Item 8 are not included because they are not applicable.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

        (a)    Not applicable

        (b)    Not applicable

        (c)  Exhibits  (executed  copies) - The  following  execution  copies of
Exhibits to the Form S-3  Registration  Statement of the  Registrant  are hereby
filed:

                                                              Sequentially
                                                                  Numbered
Exhibit                                                            Exhibit
Number                                                                Page

10.1 Pooling  and  Servicing  Agreement,  dated as of  December  1,  2000  among
     Residential Asset Securities Corporation,  as company,  Residential Funding
     Corporation,  as master servicer,  and Bank One, National  Association,  as
     trustee.

10.2 Certificate  Guaranty  Insurance  Policies  issued  by  Financial  Guaranty
     Insurance  Company in  connection  with the  Residential  Asset  Securities
     Corporation,  Home Equity Mortgage Asset-Backed Pass-Through  Certificates,
     Series 2000-KS5, Class A Certificates.



<PAGE>

                                                  SIGNATURES

               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 thereunto duly authorized.

                                 RESIDENTIAL ASSET SECURITIES CORPORATION

                                 By:    /s/Julie Steinhagen
                                        Name:  Julie Steinhagen
                                        Title: Vice President

Dated:  December 28, 2000




<PAGE>







                                  Exhibit 10.1

                         Pooling and Servicing Agreement


<PAGE>


                                  Exhibit 10.2

                     Certificate Guaranty Insurance Policies



<PAGE>




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