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) October 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, Industry Mortgage 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
  October 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
                                                     October 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
                                                Russell Goldenberg
                                                Vice President
  
  
  Date: October 29, 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
                                                  October 25, 1996
  
  
  
  
  Page - 4
  <PAGE>
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3882}]
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": "96649702"}, "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) October 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, Industry Mortgage 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
  October 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
                                                     October 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
                                                Russell Goldenberg
                                                Vice President
  
  Date: October 29, 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
                                                  October 25, 1996
  
  Page - 4