SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-K/A
                                 Amendment No. 1


(Mark One)

/ x /  Annual report pursuant to section 13 or 15(d) of the Securities
       Exchange Act of 1934 for the fiscal year ended December 31, 1997

/   /  Transition report pursuant to section 13 or 15(d) of the Securities
       Exchange Act of 1934

Commission File No.:  333-21263-07



                         Norwest Asset Securities Corporation,
                Mortgage Pass-Through Certificates, Series 1997-07 Trust
                 (Exact name of registrant as specified in its charter)

New York                                             52-2037151
(State or other jurisdiction                        (I.R.S. Employer
of incorporation or organization)                   Identification No.)


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


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


Securities registered pursuant to Section 12(b) of the Act:  NONE

Securities registered pursuant to Section 12(g) of the Act:  NONE



    Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the  preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

Yes    X                No__


This Amendment No. 1 on Form 10-K/A amends Item 14 of the original Annual Report
on Form 10-K (the  "Original  Form 10-K") filed on March 26, 1998,  on behalf of
Norwest Asset Securities Corporation, Mortgage Pass-Through Certificates, Series
1997-07 Trust (the "Trust"), established pursuant to a Pooling and Servicing
Agreement among Norwest Asset Securities Corporation, as Seller, Norwest Bank
Minnesota,  National Association,  as Master Servicer,  and First Union National
Bank of North  Carolina,  as  Trustee,  pursuant  to  which  the  Norwest  Asset
Securities  Corporation,  Mortgage  Pass-Through  Certificates,  Series  1997-07
registered under the Securities Act of 1933 (the "Certificates") were issued.

Item 14 of the Original Form 10-K is amended to read in its entirety as follows:

Item 14.  Exhibits, Financial Statement Schedules, and Reports on Form 8-K.

     (a)  Exhibits

          99.1  Annual Independent Accountants' Servicing Reports concerning
                servicing activities for the year ended December 31, 1997.

               (a)  Cimarron Mortgage Company, as Servicer<F1>
               (b)  Citicorp Mortgage, Inc., as Servicer<F1>
               (c)  Countrywide Credit Industries, Inc., as Servicer<F1>
               (d)  Temple-Inland Financial Services,Inc., as Subservicer<F1>
               (e)  Homeside Lending, Inc. (FL), as Servicer<F1>
               (f)  National City Mortgage Company, as Servicer <F1>
               (g)  Norwest Mortgage, Inc., as Servicer <F1>
               (h)  Sun Trust Mortgage Inc., as Servicer <F1>
               (i)  The Huntington Mortgage Co., as Servicer <F1>

          99.2  Report of Management as to Compliance with Minimum Servicing
                Standards for the year ended  December 31, 1997.

               (a)  Cimarron Mortgage Company, as Servicer<F1>
               (b)  Citicorp Mortgage, Inc., as Servicer<F1>
               (c)  Countrywide Credit Industries, Inc., as Servicer<F1>
               (d)  Temple-Inland Financial Services,Inc., as Subservicer<F1>
               (e)  Homeside Lending, Inc. (FL), as Servicer<F1>
               (f)  National City Mortgage Company, as Servicer <F1>
               (g)  Norwest Mortgage, Inc., as Servicer <F1>
               (h)  Sun Trust Mortgage Inc., as Servicer <F1>
               (i)  The Huntington Mortgage Co., as Servicer <F1>

          99.3  Annual Statements of Compliance  under the Pooling and Servicing
                Agreements for the year ended  December 31, 1997.

               (a)  Cimarron Mortgage Company, as Servicer<F1>
               (b)  Citicorp Mortgage, Inc., as Servicer<F1>
               (c)  Countrywide Credit Industries, Inc., as Servicer<F1>
               (d)  Temple-Inland Financial Services,Inc., as Subservicer<F1>
               (e)  Homeside Lending, Inc. (FL), as Servicer<F1>
               (f)  National City Mortgage Company, as Servicer <F1>
               (g)  Norwest Mortgage, Inc., as Servicer <F1>
               (h)  Sun Trust Mortgage Inc., as Servicer <F1>
               (i)  The Huntington Mortgage Co., as Servicer <F1>

           99.4  Aggregate Statement of Principal and Interest
                Distributions to Certificate Holders.<F2>

     (b)  On October 24, 1997, a report on Form 8-K was filed in order to
          provide the Pooling and Servicing Agreement for the Certificates.

          On October 9, 1997, November 10, 1997, and December 9, 1997, reports
          on Form 8-K were filed by the  Company in order to provide the
          statements for the monthly distributions to holders of the
          Certificates. No other reports on Form 8-K have been filed during
          the last quarter of the period covered by this report.

     (c)  Not applicable.

     (d)  Omitted.

<F1>  Filed herewith.

<F2> Previously filed.










                                    SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) 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:

                      Norwest Asset Securities Corporation,
                       Mortgage Pass-Through Certificates,
                               Series 1997-07 Trust

Signed     NORWEST BANK MINNESOTA, N.A.,
           as Master Servicer
By:        /s/Sherri J. Sharps

By:        Sherri J. Sharps
Title:     Vice President
Dated:     2/10/2000



EXHIBIT INDEX

Exhibit No.

99.1 Annual Independent Accountants' Servicing Reports concerning servicing
     activities for the year ended December 31, 1997.

               (a)  Cimarron Mortgage Company, as Servicer<F1>
               (b)  Citicorp Mortgage, Inc., as Servicer<F1>
               (c)  Countrywide Credit Industries, Inc., as Servicer<F1>
               (d)  Temple-Inland Financial Services,Inc., as Subservicer<F1>
               (e)  Homeside Lending, Inc. (FL), as Servicer<F1>
               (f)  National City Mortgage Company, as Servicer <F1>
               (g)  Norwest Mortgage, Inc., as Servicer <F1>
               (h)  Sun Trust Mortgage Inc., as Servicer <F1>
               (i)  The Huntington Mortgage Co., as Servicer <F1>



99.2 Report of Management as to Compliance with Minimum Servicing Standards for
     the year ended December 31, 1997.

               (a)  Cimarron Mortgage Company, as Servicer<F1>
               (b)  Citicorp Mortgage, Inc., as Servicer<F1>
               (c)  Countrywide Credit Industries, Inc., as Servicer<F1>
               (d)  Temple-Inland Financial Services,Inc., as Subservicer<F1>
               (e)  Homeside Lending, Inc. (FL), as Servicer<F1>
               (f)  National City Mortgage Company, as Servicer <F1>
               (g)  Norwest Mortgage, Inc., as Servicer <F1>
               (h)  Sun Trust Mortgage Inc., as Servicer <F1>
               (i)  The Huntington Mortgage Co., as Servicer <F1>


99.3 Annual Statements of Compliance for the year ended December 31, 1997.

               (a)  Cimarron Mortgage Company, as Servicer<F1>
               (b)  Citicorp Mortgage, Inc., as Servicer<F1>
               (c)  Countrywide Credit Industries, Inc., as Servicer<F1>
               (d)  Temple-Inland Financial Services,Inc., as Subservicer<F1>
               (e)  Homeside Lending, Inc. (FL), as Servicer<F1>
               (f)  National City Mortgage Company, as Servicer <F1>
               (g)  Norwest Mortgage, Inc., as Servicer <F1>
               (h)  Sun Trust Mortgage Inc., as Servicer <F1>
               (i)  The Huntington Mortgage Co., as Servicer <F1>

 99.4 Aggregate Statement of Principal and Interest Distributions to
     Certificate Holders<F2>

<F1>  Filed herewith.

<F2> Previously filed.