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: April 29, 2005
                        (Date of earliest event reported)

    FIRST HORIZON ASSET SECURITIES INC., (as depositor under the Pooling and
   Servicing Agreement, dated as of April 1, 2005, providing for the issuance
 of the First Horizon Alternative Mortgage Securities Trust 2005-FA4, Mortgage
                  Pass-Through Certificates, Series 2005-FA4).

                       FIRST HORIZON ASSET SECURITIES INC.
             (Exact name of Registrant as specified in its charter)

        Delaware                   333-119657                    75-2808384
(State of Incorporation)      (Commission File No.)          (I.R.S. Employer
                                                            Identification No.)


                 4000 Horizon Way                                  75063
                  Irving, Texas                                  (Zip Code)
     (Address of Principal executive offices)


       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:

|_|   Written communications pursuant to Rule 425 under the Securities Exchange
      Act (17 CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


<PAGE>


Item 8.01.                 Other Events.

         Reference is hereby made to the Registrant's  Registration Statement on
Form S-3 (File No. 333-119657) filed with the Securities and Exchange Commission
(the "Commission") on October 20, 2004 (the "Registration Statement"),  pursuant
to which the Registrant registered $10,000,000,000 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  and the  related  Prospectus
Supplement (collectively, the "Prospectus"), which was filed with the Commission
pursuant to Rule 424(b)(5) on April 26, 2005,  with respect to the  Registrant's
Mortgage Pass-Through Certificates, Series 2005-FA3 (the "Offered Securities").

         Pursuant to a Mortgage  Loan Purchase  Agreement  dated as of April 29,
2005 ("MLPA"),  by and between First Horizon Home Loan Corporation ("FHHLC") and
First Horizon Asset  Securities  Inc.  ("FHASI"),  FHHLC sold two pools of fixed
rate, fully  amortizing,  one-to  four-family  residential,  first lien mortgage
loans (the  "Mortgage  Loans") to FHASI. A copy of the MLPA is filed herewith as
Exhibit 10.1.

         On April 29, 2005, the  Registrant  caused the issuance and sale of the
Offered  Securities.  The Offered  Securities  evidence a  beneficial  ownership
interest in the Mortgage Loans. The Offered  Securities were created pursuant to
a Pooling and  Servicing  Agreement  dated as of April 1, 2005 (the "Pooling and
Servicing  Agreement")  by and among the  Registrant,  as Depositor,  FHHLC,  as
Master Servicer, and The Bank of New York, as Trustee. A copy of the Pooling and
Servicing Agreement is filed herewith as Exhibit 4.1.

         The  Offered  Securities,  having an  aggregate  principal  balance  of
approximately  $269,567,820  have been sold by the Registrant to (i) Countrywide
Securities  Corporation  ("Countrywide")  pursuant to an Underwriting  Agreement
dated  as of  May  23,  2002  (the  "Countrywide  Underwriting  Agreement"),  as
supplemented by a Terms  Agreement dated as of April 22, 2005 (the  "Countrywide
Terms Agreement"),  each by and among Countrywide,  the Registrant and FHHLC and
(ii)  Credit  Suisse  First  Boston LLC  ("CSFB")  pursuant  to an  Underwriting
Agreement dated as of October 25, 2004 (the "CSFB Underwriting  Agreement"),  as
supplemented  by a Terms  Agreement  dated as of April 22, 2005 (the "CSFB Terms
Agreement"),  each by and among CSFB, the Registrant and FHHLC.  The Countrywide
Underwriting  Agreement and the CSFB Underwriting Agreement have been previously
filed with the  Commission and are  incorporated  herein by reference as Exhibit
1.1 and Exhibit 1.2, respectively.  The Countrywide Terms Agreement and the CSFB
Terms Agreement are filed herewith as Exhibit 1.3 and Exhibit 1.4, respectively.

<PAGE>

Item 9.01   Financial Statements and Exhibits.

      (c)   Exhibits

            Exhibit No.    Description
            -----------    -----------
            1.1            Underwriting  Agreement dated  May 23, 2002,  by  and
                           among Countrywide, the Registrant and FHHLC *

            1.2            Underwriting Agreement dated October 25, 2004, by and
                           among CSFB, the Registrant and FHHLC **

            1.3            Terms Agreement dated  April 22, 2005 to Underwriting
                           Agreement   dated   May   23,   2002,  by  and  among
                           Countrywide, the Registrant and FHHLC

            1.4            Terms Agreement  dated April 22, 2005 to Underwriting
                           Agreement dated  October 25, 2004, by and among CSFB,
                           the Registrant and FHHLC

            4.1            Pooling and Servicing  Agreement dated as of April 1,
                           2005,  by and among  the  Registrant,  as  Depositor,
                           FHHLC, as Master Servicer, and The Bank of  New York,
                           as Trustee

            10.1           Mortgage Loan  Purchase  Agreement  dated as of April
                           29, 2005, by and between FHHLC, as Seller, and FHASI,
                           as Purchaser


*  Previously filed with the Commission on June 10, 2002, as Exhibit 1.1 to the
   Registrant's Current Report on Form 8-K (No. 333-73524)
** Previously filed with the Commission on November 3, 2004, as Exhibit 1.2 to
   the Registrant's Current Report on Form 8-K (No. 333-74467)

<PAGE>

                                  Signatures

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the Registrant as of the date first written above has duly caused this Report to
be signed on its behalf by the undersigned hereunto duly authorized.

                                         FIRST HORIZON ASSET SECURITIES INC.



May 4, 2005                              By:      /s/ Alfred Chang
                                            ------------------------------------
                                                      Alfred Chang
                                                      Vice President

<PAGE>



                                INDEX TO EXHIBITS

Exhibit No.       Description
-----------       -----------

1.1               Underwriting  Agreement  dated  May  23,  2002,  by and  among
                  Countrywide, the Registrant and FHHLC *

1.2               Underwriting  Agreement  dated  October 25, 2004, by and among
                  CSFB, the Registrant and FHHLC **

1.3               Terms Agreement dated April 22, 2005 to Underwriting Agreement
                  dated May 23, 2002, by and among  Countrywide,  the Registrant
                  and FHHLC

1.4               Terms Agreement dated April 22, 2005 to Underwriting Agreement
                  dated October 25, 2004, by and among CSFB,  the Registrant and
                  FHHLC

4.1               Pooling and Servicing  Agreement dated as of April 1, 2005, by
                  and among  the  Registrant,  as  Depositor,  FHHLC,  as Master
                  Servicer, and The Bank of New York, as Trustee

10.1              Mortgage Loan Purchase  Agreement  dated as of April 29, 2005,
                  by and between FHHLC, as Seller, and FHASI, as Purchaser





*   Previously filed with the Commission on June 10, 2002, as Exhibit 1.1 to the
    Registrant's Current Report on Form 8-K (No. 333-73524)
**  Previously filed with the Commission on November 3, 2004,  as Exhibit 1.2 to
    the Registrant's Current Report on Form 8-K (No. 333-74467)
{"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": "05799914"}, "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: April 29, 2005
                        (Date of earliest event reported)

    FIRST HORIZON ASSET SECURITIES INC., (as depositor under the Pooling and
   Servicing Agreement, dated as of April 1, 2005, providing for the issuance
 of the First Horizon Alternative Mortgage Securities Trust 2005-FA4, Mortgage
                  Pass-Through Certificates, Series 2005-FA4).

                       FIRST HORIZON ASSET SECURITIES INC.
             (Exact name of Registrant as specified in its charter)

        Delaware                   333-119657                    75-2808384
(State of Incorporation)      (Commission File No.)          (I.R.S. Employer
                                                            Identification No.)

                 4000 Horizon Way                                  75063
                  Irving, Texas                                  (Zip Code)
     (Address of Principal executive offices)

       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:

|_|   Written communications pursuant to Rule 425 under the Securities Exchange
      Act (17 CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   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. 333-119657) filed with the Securities and Exchange Commission
(the "Commission") on October 20, 2004 (the "Registration Statement"),  pursuant
to which the Registrant registered $10,000,000,000 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  and the  related  Prospectus
Supplement (collectively, the "Prospectus"), which was filed with the Commission
pursuant to Rule 424(b)(5) on April 26, 2005,  with respect to the  Registrant's
Mortgage Pass-Through Certificates, Series 2005-FA3 (the "Offered Securities").

         Pursuant to a Mortgage  Loan Purchase  Agreement  dated as of April 29,
2005 ("MLPA"),  by and between First Horizon Home Loan Corporation ("FHHLC") and
First Horizon Asset  Securities  Inc.  ("FHASI"),  FHHLC sold two pools of fixed
rate, fully  amortizing,  one-to  four-family  residential,  first lien mortgage
loans (the  "Mortgage  Loans") to FHASI. A copy of the MLPA is filed herewith as
Exhibit 10.1.

         On April 29, 2005, the  Registrant  caused the issuance and sale of the
Offered  Securities.  The Offered  Securities  evidence a  beneficial  ownership
interest in the Mortgage Loans. The Offered  Securities were created pursuant to
a Pooling and  Servicing  Agreement  dated as of April 1, 2005 (the "Pooling and
Servicing  Agreement")  by and among the  Registrant,  as Depositor,  FHHLC,  as
Master Servicer, and The Bank of New York, as Trustee. A copy of the Pooling and
Servicing Agreement is filed herewith as Exhibit 4.1.

         The  Offered  Securities,  having an  aggregate  principal  balance  of
approximately  $269,567,820  have been sold by the Registrant to (i) Countrywide
Securities  Corporation  ("Countrywide")  pursuant to an Underwriting  Agreement
dated  as of  May  23,  2002  (the  "Countrywide  Underwriting  Agreement"),  as
supplemented by a Terms  Agreement dated as of April 22, 2005 (the  "Countrywide
Terms Agreement"),  each by and among Countrywide,  the Registrant and FHHLC and
(ii)  Credit  Suisse  First  Boston LLC  ("CSFB")  pursuant  to an  Underwriting
Agreement dated as of October 25, 2004 (the "CSFB Underwriting  Agreement"),  as
supplemented  by a Terms  Agreement  dated as of April 22, 2005 (the "CSFB Terms
Agreement"),  each by and among CSFB, the Registrant and FHHLC.  The Countrywide
Underwriting  Agreement and the CSFB Underwriting Agreement have been previously
filed with the  Commission and are  incorporated  herein by reference as Exhibit
1.1 and Exhibit 1.2, respectively.  The Countrywide Terms Agreement and the CSFB
Terms Agreement are filed herewith as Exhibit 1.3 and Exhibit 1.4, respectively.
Item 9.01   Financial Statements and Exhibits.

      (c)   Exhibits

            Exhibit No.    Description
            -----------    -----------
            1.1            Underwriting  Agreement dated  May 23, 2002,  by  and
                           among Countrywide, the Registrant and FHHLC *

            1.2            Underwriting Agreement dated October 25, 2004, by and
                           among CSFB, the Registrant and FHHLC **

            1.3            Terms Agreement dated  April 22, 2005 to Underwriting
                           Agreement   dated   May   23,   2002,  by  and  among
                           Countrywide, the Registrant and FHHLC

            1.4            Terms Agreement  dated April 22, 2005 to Underwriting
                           Agreement dated  October 25, 2004, by and among CSFB,
                           the Registrant and FHHLC

            4.1            Pooling and Servicing  Agreement dated as of April 1,
                           2005,  by and among  the  Registrant,  as  Depositor,
                           FHHLC, as Master Servicer, and The Bank of  New York,
                           as Trustee

            10.1           Mortgage Loan  Purchase  Agreement  dated as of April
                           29, 2005, by and between FHHLC, as Seller, and FHASI,
                           as Purchaser

*  Previously filed with the Commission on June 10, 2002, as Exhibit 1.1 to the
   Registrant's Current Report on Form 8-K (No. 333-73524)
** Previously filed with the Commission on November 3, 2004, as Exhibit 1.2 to
   the Registrant's Current Report on Form 8-K (No. 333-74467)
Signatures

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the Registrant as of the date first written above has duly caused this Report to
be signed on its behalf by the undersigned hereunto duly authorized.

                                         FIRST HORIZON ASSET SECURITIES INC.

May 4, 2005                              By:      /s/ Alfred Chang
                                            ------------------------------------
                                                      Alfred Chang
                                                      Vice President
INDEX TO EXHIBITS

Exhibit No.       Description
-----------       -----------

1.1               Underwriting  Agreement  dated  May  23,  2002,  by and  among
                  Countrywide, the Registrant and FHHLC *

1.2               Underwriting  Agreement  dated  October 25, 2004, by and among
                  CSFB, the Registrant and FHHLC **

1.3               Terms Agreement dated April 22, 2005 to Underwriting Agreement
                  dated May 23, 2002, by and among  Countrywide,  the Registrant
                  and FHHLC

1.4               Terms Agreement dated April 22, 2005 to Underwriting Agreement
                  dated October 25, 2004, by and among CSFB,  the Registrant and
                  FHHLC

4.1               Pooling and Servicing  Agreement dated as of April 1, 2005, by
                  and among  the  Registrant,  as  Depositor,  FHHLC,  as Master
                  Servicer, and The Bank of New York, as Trustee

10.1              Mortgage Loan Purchase  Agreement  dated as of April 29, 2005,
                  by and between FHHLC, as Seller, and FHASI, as Purchaser

*   Previously filed with the Commission on June 10, 2002, as Exhibit 1.1 to the
    Registrant's Current Report on Form 8-K (No. 333-73524)
**  Previously filed with the Commission on November 3, 2004,  as Exhibit 1.2 to
    the Registrant's Current Report on Form 8-K (No. 333-74467)