content: 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): September 25, 1996
  
                      NOMURA ASSET SECURITIES CORPORATION
             (Exact name of Registrant as specified in its Charter)
  
  Delaware                          33-82746                      13-3672336
  (State or Other Jurisdiction      (Commission                 (I.R.S. Employer
  of Formation)                     File No.)                 Identification No.)
  
  2 World Financial Center, Building B, 21st  Floor, NY, NY 10281-1198 
  (Address of principal executive office)
  
  Registrant's telephone number, including area code:   (212) 667-9300
  
                          This Document contains exactly 4 Pages.
                                  The Exhibit Index is on page 4.
  
  
  
  Page - 1
  <PAGE>
  
  Item 5.     Other Events
  
       This Current Report on Form 8-K relates to the Trust
  Fund formed, and the Home Equity Loan Pass-Through Certificates
  Series 1995-2 issued pursuant to a Pooling and Servicing
  Agreement, dated as of December 1, 1995 (the "Pooling and Servicing
  Agreement"), by and among Nomura Asset Securities Corporation (the 
  "Company"), as depositor, Advanta Mortgage Corp. USA and PHH Mortgage Services
  Corporation, as servicers, LaSalle National Bank, as trustee (the "Trustee")
  and ABN AMRO BANK N.V., as fiscal agent.  
  
  
       Capitalized terms used herein and not defined herein have
  the same meanings ascribed to such terms in the Pooling and 
  Servicing Agreement.
  
       Pursuant to Section 3.14 of the Pooling and Servicing
  Agreement, the Trustee is filing this Current Report containing the 
  September 25, 1996 monthly distribution report prepared by the Trustee
  pursuant to Section 4.02(a) thereof.
  
       The information reported and contained herein has been supplied to 
  the Trustee by one or more of the Borrowers or other third parties without
  independent review or investigation by the Trustee.  Pursuant to the Pooling
  and Servicing Agreement, the Trustee is not responsible for the 
  accuracy or completeness of such information.
  
  
  Item 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
                                  
             ( c )   Exhibits
  
                             Item 601(a) of Regulation
             Exhibit No.     S-K Exhibit No.                Description
  
             5.1             99                             Monthly distribution
                                                            report pursuant to
                                                            Section 4.02(a) dated
                                                            September 25, 1996
  
  Page - 2
  <PAGE>
  
                
                                       SIGNATURE
  
  
  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.
  
  
                                          LASALLE NATIONAL BANK IN ITS CAPACITY
                                          AS TRUSTEE UNDER THE POOLING AND 
                                          SERVICING AGREEMENT ON BEHALF OF NOMURA
                                          ASSET SECURITIES CORPORATION,
                                          REGISTRANT
  
  
                                          By:  /s/ Russell Goldenberg
                                               Name:   Russell Goldenberg
                                               Title:  Vice President
  
  Date:  October 2, 1996
  
  Page - 3
  <PAGE>
  
  
          
                                   EXHIBIT INDEX
  
                           Item 601(a) of Regulation
  Exhibit No.              S-K Exhibit No.                  Description
  
  5.1                      99                               Monthly distribution
                                                            report pursuant to
                                                            Section 4.02(a) dated
                                                            September 25, 1996
  
  Page - 4
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 4271}]
metadata_filer: {"company-data": {"conformed-name": "NOMURA ASSET SECURITIES COR HOM EQ LN PASS TH CER SER 1995-2", "cik": "0001012430", "assigned-sic": "0000", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-82746-07", "film-number": "96638246"}, "business-address": {"street1": "TWO WORLD FINANCIAL CENTER", "street2": "BLDG B, 21ST FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10281", "phone": "2126671845"}}
text: 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): September 25, 1996
  
                      NOMURA ASSET SECURITIES CORPORATION
             (Exact name of Registrant as specified in its Charter)
  
  Delaware                          33-82746                      13-3672336
  (State or Other Jurisdiction      (Commission                 (I.R.S. Employer
  of Formation)                     File No.)                 Identification No.)
  
  2 World Financial Center, Building B, 21st  Floor, NY, NY 10281-1198 
  (Address of principal executive office)
  
  Registrant's telephone number, including area code:   (212) 667-9300
  
                          This Document contains exactly 4 Pages.
                                  The Exhibit Index is on page 4.
  
  Page - 1
  Item 5.     Other Events
  
       This Current Report on Form 8-K relates to the Trust
  Fund formed, and the Home Equity Loan Pass-Through Certificates
  Series 1995-2 issued pursuant to a Pooling and Servicing
  Agreement, dated as of December 1, 1995 (the "Pooling and Servicing
  Agreement"), by and among Nomura Asset Securities Corporation (the 
  "Company"), as depositor, Advanta Mortgage Corp. USA and PHH Mortgage Services
  Corporation, as servicers, LaSalle National Bank, as trustee (the "Trustee")
  and ABN AMRO BANK N.V., as fiscal agent.  
  
       Capitalized terms used herein and not defined herein have
  the same meanings ascribed to such terms in the Pooling and 
  Servicing Agreement.
  
       Pursuant to Section 3.14 of the Pooling and Servicing
  Agreement, the Trustee is filing this Current Report containing the 
  September 25, 1996 monthly distribution report prepared by the Trustee
  pursuant to Section 4.02(a) thereof.
  
       The information reported and contained herein has been supplied to 
  the Trustee by one or more of the Borrowers or other third parties without
  independent review or investigation by the Trustee.  Pursuant to the Pooling
  and Servicing Agreement, the Trustee is not responsible for the 
  accuracy or completeness of such information.
  
  Item 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
                                  
             ( c )   Exhibits
  
                             Item 601(a) of Regulation
             Exhibit No.     S-K Exhibit No.                Description
  
             5.1             99                             Monthly distribution
                                                            report pursuant to
                                                            Section 4.02(a) dated
                                                            September 25, 1996
  
  Page - 2
  SIGNATURE
  
  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.
  
                                          LASALLE NATIONAL BANK IN ITS CAPACITY
                                          AS TRUSTEE UNDER THE POOLING AND 
                                          SERVICING AGREEMENT ON BEHALF OF NOMURA
                                          ASSET SECURITIES CORPORATION,
                                          REGISTRANT
  
                                          By:  /s/ Russell Goldenberg
                                               Name:   Russell Goldenberg
                                               Title:  Vice President
  
  Date:  October 2, 1996
  
  Page - 3
  EXHIBIT INDEX
  
                           Item 601(a) of Regulation
  Exhibit No.              S-K Exhibit No.                  Description
  
  5.1                      99                               Monthly distribution
                                                            report pursuant to
                                                            Section 4.02(a) dated
                                                            September 25, 1996
  
  Page - 4