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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
        D.C. 20549</font></div>
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        Exchange Act of 1934</font></div>
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                  the appropriate box if the Form 8-K filing is intended to simultaneously
                  satisfy the filing obligation of the registrant under any of the
                  following
                  provisions:</font></div>
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            <tr>
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</font>Written
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            <tr>
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            </tr>
            <tr>
              <td align="justify" valign="bottom" width="80%">
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</font>Soliciting
                  material pursuant to Rule 14a-12
                  under the Exchange Act (17 CFR 240.14a-12)</font></div>
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            <tr>
              <td align="justify" valign="bottom" width="80%">&#160;</td>
            </tr>
            <tr>
              <td align="justify" valign="bottom" width="80%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font size="3" face="Wingdings">o
</font>Pre-commencement
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                  Rule 14d-2(b) under the Exchange Act (17 CFR
                  240.14d-2(b))</font></div>
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            <tr>
              <td align="justify" valign="bottom" width="80%">&#160;</td>
            </tr>
            <tr>
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</font>Pre-commencement
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        is hereby made to the Registrant&#8217;s Registration Statement on Form S-3 (File No.
        333-125158) filed with the Securities and Exchange Commission (the &#8220;Commission&#8221;)
        on July 29, 2005 (the &#8220;Registration Statement&#8221;), pursuant to which the
        Registrant registered $12,000,000,000 aggregate principal amount of its mortgage
        pass-through certificates, issuable in various series, for sale in accordance
        with the provisions of the Securities Act of 1933, as amended. Reference
        is also
        hereby made to the Prospectus dated July 29, 2005 and the related Prospectus
        Supplement dated August 23, 2005 (collectively, the &#8220;Prospectus&#8221;), which will be
        filed with the Commission pursuant to Rule 424(b)(5), with respect to the
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        Securities&#8221;).</font></div>
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              <td align="left" style="WIDTH: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibit
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                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Description</u></font></div>
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              <td align="left" style="WIDTH: 72pt"><font size="2">5.2</font></td>
              <td align="left"><font size="2">Legality Opinion of Andrews Kurth
                LLP</font></td>
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              <td align="left" style="WIDTH: 72pt">&#160;</td>
              <td align="left">&#160;</td>
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              <td align="left" style="WIDTH: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">23.2</font></td>
              <td align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consent
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                5.2)</font></td>
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              <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
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              <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FIRST
                HORIZON ASSET SECURITIES, INC.</strong></font></td>
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              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
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              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:&#160;August
                30, 2005</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/&#160;Alfred
                Chang</font></td>
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              <td>
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Alfred
                  Chang</font></div>
                <div><font size="2">Vice
                  President</font></div>
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{"company-data": {"conformed-name": "FIRST HORIZON ASSET SECURITIES INC", "cik": "0001081915", "assigned-sic": "6189", "irs-number": "752808384", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-74467", "film-number": "051058094"}, "business-address": {"street1": "4000 HORIZON WAY", "city": "IRVING", "state": "TX", "zip": "75063", "phone": "9724845600"}, "mail-address": {"street1": "4000 HORIZON WAY", "city": "IRVING", "state": "TX", "zip": "78063"}}
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: August 30, 2005
(Date
        of
        earliest event reported)
FIRST
        HORIZON ASSET SECURITIES INC.
(Exact
        name of Registrant as specified in its charter)
Delaware
333-125158
75-2808384
(State
                  of Incorporation)
(Commission
                  File No.)
(I.R.S.
                  Employer Identification No.)
4000
                  Horizon Way
Irving,
                  Texas
75063
(Address
                  of Principal executive offices)
(Zip
                  Code)
Registrant's
        Telephone Number, Including Area Code: (214) 441-4000
Check
                  the appropriate box if the Form 8-K filing is intended to simultaneously
                  satisfy the filing obligation of the registrant under any of the
                  following
                  provisions:
o
Written
                  communications pursuant to Rule 425
                  under the Securities Act (17 CFR 230.425)
o
Soliciting
                  material pursuant to Rule 14a-12
                  under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
                  communications pursuant to
                  Rule 14d-2(b) under the Exchange Act (17 CFR
                  240.14d-2(b))
o
Pre-commencement
                  communications pursuant to
                  Rule 13e-4(c) under the Exchange Act (17 CFR
                  240.13e-4(c))
Item
        8.01.
Other
        Events
.
Reference
        is hereby made to the Registrant's Registration Statement on Form S-3 (File No.
        333-125158) filed with the Securities and Exchange Commission (the "Commission")
        on July 29, 2005 (the "Registration Statement"), pursuant to which the
        Registrant registered $12,000,000,000 aggregate principal amount of its mortgage
        pass-through certificates, issuable in various series, for sale in accordance
        with the provisions of the Securities Act of 1933, as amended. Reference
        is also
        hereby made to the Prospectus dated July 29, 2005 and the related Prospectus
        Supplement dated August 23, 2005 (collectively, the "Prospectus"), which will be
        filed with the Commission pursuant to Rule 424(b)(5), with respect to the
        Registrant's Mortgage Pass-Through Certificates, Series 2005-5 (the "Offered
        Securities").
The
        Registrant is filing this Current Report on Form 8-K to file the supplemental
        legality opinion of Andrews Kurth LLP as Exhibit 5.2 to the Registration
        Statement and the related consent as Exhibit 23.2.
Item
        9.01.
Financial
        Statements and Exhibits
.
(c)
Exhibits
Exhibit
                No
.
Description
5.2
Legality Opinion of Andrews Kurth
                LLP
23.2
Consent
                of Andrews Kurth LLP (contained in the opinion filed as Exhibit
                5.2)
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 hereunto
        duly authorized.
FIRST
                HORIZON ASSET SECURITIES, INC.
Date: August
                30, 2005
By:
/s/ Alfred
                Chang
Alfred
                  Chang
Vice
                  President