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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
      AND EXCHANGE COMMISSION</font></div>
    <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>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <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">FORM
      8-K</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <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">CURRENT
      REPORT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <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">Pursuant
      to Section 13 or 15(d) of the</font></div>
    <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
      Exchange Act of 1934</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <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">Date
      of
      Report: October 28, 2005</font></div>
    <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">(Date
      of
      earliest event reported)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <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">FIRST
      HORIZON ASSET SECURITIES INC., (as depositor under the Pooling and Servicing
      Agreement,</font></div>
    <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">dated
      as
      of October 1, 2005, providing for the issuance of the First Horizon</font></div>
    <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">Mortgage
      Pass-Through Trust 2005-7, Mortgage Pass-Through Certificates, Series 2005-7).
      </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <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">FIRST
      HORIZON ASSET SECURITIES INC.</font></div>
    <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">(Exact
      name of Registrant as specified in its charter)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

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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">Delaware</font></div>
            </td>
            <td valign="top" width="27%">
              <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">333-125158</font></div>
            </td>
            <td valign="top" width="27%">
              <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">75-2808384</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="27%">
              <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">(State
                of Incorporation)</font></div>
            </td>
            <td valign="top" width="27%">
              <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">(Commission
                File No.)</font></div>
            </td>
            <td valign="top" width="27%">
              <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">(I.R.S.
                Employer </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Identification
                No.)</font></div>
            </td>
          </tr>

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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      <table cellpadding="0" cellspacing="0" width="100%">

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            <td valign="top" width="34%">
              <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">4000
                Horizon Way</font></div>
            </td>
            <td valign="top" width="19%">&#160;</td>
            <td valign="top" width="27%">
              <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">75063</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="34%">
              <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">Irving,
                Texas</font></div>
              <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">(Address
                of Principal executive offices)</font></div>
            </td>
            <td valign="top" width="19%">&#160;</td>
            <td valign="top" width="27%">
              <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">(Zip
                Code)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <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">Registrant&#8217;s
      Telephone Number, Including Area Code: (214) 441-4000</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
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          <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">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:</font></div>
            </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">&#160;</font></font></div>
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          <tr valign="top" style="LINE-HEIGHT: 1.25">
            <td align="left" style="WIDTH: 27pt"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></td>
            <td align="left">
              <div align="left"><font size="2">Written communications pursuant
                to Rule 425
                under the Securities Act (17 CFR
                230.425)</font></div>
            </td>
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      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

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            <td align="left" style="WIDTH: 27pt">&#160;</td>
            <td align="left">&#160;</td>
          </tr>

      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="LINE-HEIGHT: 1.25">
            <td align="left" style="WIDTH: 27pt"><font face="Wingdings">o</font></td>
            <td align="left">
              <div align="left"><font size="2">Soliciting material pursuant to
                Rule 14a-12
                under the Exchange Act (17 CFR
                240.14a-12)</font></div>
            </td>
          </tr>

      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

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            <td align="left" style="WIDTH: 27pt">&#160;</td>
            <td align="left">&#160;</td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="LINE-HEIGHT: 1.25">
            <td align="left" style="WIDTH: 27pt"><font face="Wingdings">o</font></td>
            <td align="left">
              <div align="left"><font size="2">Pre-commencement communications
                pursuant to
                Rule 14d-2(b) under the Exchange Act (17 CFR
                240.14d-2(b))</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="LINE-HEIGHT: 1.25">
            <td align="left" style="WIDTH: 27pt">&#160;</td>
            <td align="left">&#160;</td>
          </tr>

      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="LINE-HEIGHT: 1.25">
            <td align="left" style="WIDTH: 27pt"><font face="Wingdings">o</font></td>
            <td align="left">
              <div align="left"><font size="2">Pre-commencement communications
                pursuant to
                Rule 13e-4(c) under the Exchange Act (17 CFR
                240.13e-4(c))</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="3">
        </div>
      </div>
      <div id="HDR"><font size="2" face="Wingdings">&#160;</font></div>
    </div>
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              <td align="left" style="WIDTH: 72pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
                  8.01.</font></div>
              </td>
              <td align="left">
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Other
                  Events</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
              </td>
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      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Reference
        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 and the related Prospectus Supplement
        (collectively, the &#8220;Prospectus&#8221;), which was filed with the Commission pursuant
        to Rule 424(b)(5) on October 24, 2005, with respect to the Registrant&#8217;s Mortgage
        Pass-Through Certificates, Series 2005-7 (the &#8220;Offered
        Securities&#8221;).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to a Mortgage Loan Purchase Agreement dated as of October 28, 2005 (&#8220;MLPA I&#8221;),
      by and between First Horizon Home Loan Corporation (&#8220;FHHLC&#8221;) and First Tennessee
      Bank National Association (&#8220;FTBNA&#8221;), FHHLC sold a pool of conventional, fixed
      rate, first lien, fully amortizing, one-to-four family residential mortgage
      loans (the &#8220;Mortgage Loans&#8221;) to FTBNA. Pursuant to a Mortgage Loan Purchase
      Agreement dated as of October 28, 2005 (&#8220;MLPA II&#8221;), by and between FTBNA and the
      Registrant, FTBNA sold the Mortgage Loans to the Registrant. Copies of MLPA
      I
      and MLPA II are filed herewith as </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibit
      10.1</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      and
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibit
      10.2</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
      respectively.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      October 28, 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 October 1, 2005 (the &#8220;Pooling and Servicing
      Agreement&#8221;) 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 </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibit
      4.1</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Offered Securities, having an aggregate principal balance of approximately
      $209,038,802 have been sold by the Registrant to First Tennessee Bank National
      Association pursuant to an Underwriting Agreement (i) dated as of November
      20,
      2003, (the &#8220;FTBNA Underwriting Agreement&#8221;), as supplemented by a Terms Agreement
      dated as of October 24, 2005 (the &#8220;FTBNA Terms Agreement&#8221;), each by and among
      FTBNA, the Registrant and FHHLC, and (ii) dated as of September 26, 2005 (the
      &#8220;Goldman Sachs Underwriting Agreement&#8221;), as supplemented by a Terms Agreement
      dated as of October 24, 2005 (the &#8220;Goldman Sachs Terms Agreement&#8221;), each by and
      among Goldman Sachs, the Registrant and FHHLC. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      FTBNA
      Underwriting Agreement and the Goldman Sachs Underwriting Agreement were
      previously filed with the Commission and are incorporated herein by reference
      as
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibits
      1.1 and 1.2</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      The
      FTBNA Terms Agreement and the Goldman Sachs Terms Agreement are filed herewith
      as </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibits
      1.3 and 1.4</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
      respectively.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br>&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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      <div id="HDR">&#160;</div>
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            <td align="left" style="WIDTH: 72pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
              9.01.</font></td>
            <td align="left">
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Financial
                Statements and Exhibits</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
            </td>
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      </table>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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          <tr>
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            </td>
            <td align="justify" valign="top" width="5%" style="BORDER-BOTTOM: medium none">
              <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">(c)</font></div>
            </td>
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: medium none">
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            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%" style="BORDER-BOTTOM: medium none">&#160;</td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="5%">&#160;</td>
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%">&#160;</td>
          </tr>
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            <td align="justify" valign="top" width="5%" style="BORDER-BOTTOM: #ffffff solid">&#160;</td>
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #000000 thin solid">
              <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">Exhibit
                No.</font></div>
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            <td width="2%" style="BORDER-BOTTOM: #ffffff solid">&#160;</td>
            <td align="justify" valign="top" width="70%" style="BORDER-BOTTOM: #000000 thin solid">
              <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">Description</font></div>
            </td>
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            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="5%">&#160;</td>
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%">&#160;</td>
          </tr>
          <tr bgcolor="#ccffcc">
            <td align="justify" valign="top" width="9%" bgcolor="#ffffff" style="BORDER-BOTTOM: #ffffff">&#160;</td>
            <td align="justify" valign="top" width="5%" bgcolor="#ffffff" style="BORDER-BOTTOM: #ffffff">&#160;</td>
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #ccffcc">
              <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">1.1</font></div>
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            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%" style="BORDER-BOTTOM: #ccffcc">
              <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">Underwriting
                Agreement dated November 20, 2003, by and among FTBNA, the Registrant
                and
                FHHLC.*</font></div>
            </td>
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            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="5%">&#160;</td>
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%">&#160;</td>
          </tr>
          <tr bgcolor="#ccffcc">
            <td align="justify" valign="top" width="9%" bgcolor="#ffffff" style="BORDER-BOTTOM: #ffffff">&#160;</td>
            <td align="justify" valign="top" width="5%" bgcolor="#ffffff" style="BORDER-BOTTOM: #ffffff">&#160;</td>
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #ccffcc">
              <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">1.2</font></div>
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            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%" style="BORDER-BOTTOM: #ccffcc">
              <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">Underwriting
                Agreement dated September 26, 2005, by and among Goldman Sachs, the
                Registrant and FHHLC.**</font></div>
            </td>
          </tr>
          <tr bgcolor="#ffffff">
            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="5%">&#160;</td>
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%">&#160;</td>
          </tr>
          <tr bgcolor="#ccffcc">
            <td align="justify" valign="top" width="9%" bgcolor="#ffffff" style="BORDER-BOTTOM: #ffffff">&#160;</td>
            <td align="justify" valign="top" width="5%" bgcolor="#ffffff" style="BORDER-BOTTOM: #ffffff">&#160;</td>
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #ccffcc">
              <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">1.3</font></div>
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            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%" style="BORDER-BOTTOM: #ccffcc">
              <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">Terms
                Agreement dated October 24, 2005 to Underwriting Agreement dated
                November
                20, 2003, by and among FTBNA, the Registrant and FHHLC.</font></div>
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          <tr bgcolor="#ffffff">
            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="5%">&#160;</td>
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%">&#160;</td>
          </tr>
          <tr bgcolor="#ccffcc">
            <td align="justify" valign="top" width="9%" bgcolor="#ffffff" style="BORDER-BOTTOM: #ffffff">&#160;</td>
            <td align="justify" valign="top" width="5%" bgcolor="#ffffff" style="BORDER-BOTTOM: #ffffff">&#160;</td>
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #ccffcc">
              <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">1.4</font></div>
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            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%" style="BORDER-BOTTOM: #ccffcc">
              <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">Terms
                Agreement dated October 24, 2005 to Underwriting Agreement dated
                September
                26, 2005, by and among Goldman Sachs, the Registrant and
                FHHLC.</font></div>
            </td>
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          <tr bgcolor="#ffffff">
            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="5%">&#160;</td>
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%">&#160;</td>
          </tr>
          <tr bgcolor="#ccffcc">
            <td align="justify" valign="top" width="9%" bgcolor="#ffffff" style="BORDER-BOTTOM: #ffffff">&#160;</td>
            <td align="justify" valign="top" width="5%" bgcolor="#ffffff" style="BORDER-BOTTOM: #ffffff">&#160;</td>
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #ccffcc">
              <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">4.1</font></div>
            </td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%" style="BORDER-BOTTOM: #ccffcc">
              <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">Pooling
                and Servicing Agreement dated as of October 1, 2005, by and among
                the
                Registrant, as Depositor, FHHLC, as Master Servicer, and The Bank
                of New
                York, as Trustee</font></div>
            </td>
          </tr>
          <tr bgcolor="#ffffff">
            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="5%">&#160;</td>
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%">&#160;</td>
          </tr>
          <tr bgcolor="#ccffcc">
            <td align="justify" valign="top" width="9%" bgcolor="#ffffff" style="BORDER-BOTTOM: #ffffff">&#160;</td>
            <td align="justify" valign="top" width="5%" bgcolor="#ffffff" style="BORDER-BOTTOM: #ffffff">&#160;</td>
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #ccffcc">
              <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">10.1</font></div>
            </td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%" style="BORDER-BOTTOM: #ccffcc">
              <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">Mortgage
                Loan Purchase Agreement dated as of October 28, 2005, by and between
                FHHLC, as Seller, and FTBNA, as Purchaser</font></div>
            </td>
          </tr>
          <tr bgcolor="#ffffff">
            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="5%">&#160;</td>
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%">&#160;</td>
          </tr>
          <tr bgcolor="#ccffcc">
            <td align="justify" valign="top" width="9%" bgcolor="#ffffff" style="BORDER-BOTTOM: #ffffff">&#160;</td>
            <td align="justify" valign="top" width="5%" bgcolor="#ffffff" style="BORDER-BOTTOM: #ffffff">&#160;</td>
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #ccffcc">
              <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">10.2</font></div>
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            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%" style="BORDER-BOTTOM: #ccffcc">
              <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">Mortgage
                Loan Purchase Agreement dated as of October 28, 2005, by and between
                FTBNA, as Seller, and the Registrant, as Purchaser</font></div>
            </td>
          </tr>
          <tr bgcolor="#ffffff">
            <td align="justify" valign="top" width="9%">&#160;</td>
            <td align="justify" valign="top" width="5%">&#160;</td>
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="70%">&#160;</td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
      <div>
        <hr style="COLOR: #000000" align="left" noshade size="1" width="15%">
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
      <div>
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            <tr valign="top" style="LINE-HEIGHT: 1.25">
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                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Previously
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                  to the
                  Registrant&#8217;s Current Report on Form 8-K (No. 333-73524
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              </td>
            </tr>

        </table>
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            <tr valign="top" style="LINE-HEIGHT: 1.25">
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                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Previously
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        </table>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
    </div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
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    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Signatures</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
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      as of
      the date first written above has duly caused this Report to be signed on its
      behalf by the undersigned hereunto duly authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
      <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

          <tr valign="top" bgcolor="#ffffff">
            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            <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>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
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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>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <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>
            <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">November
              3, 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 align="left">
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            </td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            <td>
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Aldred
                Chang</font></div>
              <div><font size="2">Vice President</font></div>
            </td>
          </tr>

      </table>
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    <div>&#160;</div>
    <div>&#160;</div>
    <div><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="3">
        </div>
      </div>
      <div id="HDR">&#160;</div>
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    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INDEX
      TO
      EXHIBITS</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div align="left">
      <table border="0" cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #000000 thin solid">
              <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">Exhibit
                No.</font></div>
            </td>
            <td width="2%" style="BORDER-BOTTOM: #ffffff solid">&#160;</td>
            <td align="justify" valign="top" width="90%" style="BORDER-BOTTOM: #000000 thin solid">
              <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">Description</font></div>
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          </tr>
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            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="90%">&#160;</td>
          </tr>
          <tr bgcolor="#ccffcc">
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #ccffcc">
              <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">1.1</font></div>
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            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="90%" style="BORDER-BOTTOM: #ccffcc">
              <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">Underwriting
                Agreement dated November 20, 2003, by and among FTBNA, the Registrant
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            </td>
          </tr>
          <tr bgcolor="#ffffff">
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="90%">&#160;</td>
          </tr>
          <tr bgcolor="#ccffcc">
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #ccffcc">
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            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="90%" style="BORDER-BOTTOM: #ccffcc">
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                Agreement dated September 26, 2005, by and among Goldman Sachs, the
                Registrant and FHHLC.**</font></div>
            </td>
          </tr>
          <tr bgcolor="#ffffff">
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="90%">&#160;</td>
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                Agreement dated October 24, 2005 to Underwriting Agreement dated
                November
                20, 2003, by and among FTBNA, the Registrant and FHHLC.</font></div>
            </td>
          </tr>
          <tr bgcolor="#ffffff">
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="90%">&#160;</td>
          </tr>
          <tr bgcolor="#ccffcc">
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #ccffcc">
              <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">1.4</font></div>
            </td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="90%" style="BORDER-BOTTOM: #ccffcc">
              <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">Terms
                Agreement dated October 24, 2005 to Underwriting Agreement dated
                September
                26, 2005, by and among Goldman Sachs, the Registrant and
                FHHLC.</font></div>
            </td>
          </tr>
          <tr bgcolor="#ffffff">
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="90%">&#160;</td>
          </tr>
          <tr bgcolor="#ccffcc">
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #ccffcc">
              <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">4.1</font></div>
            </td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="90%" style="BORDER-BOTTOM: #ccffcc">
              <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">Pooling
                and Servicing Agreement dated as of October 1, 2005, by and among
                the
                Registrant, as Depositor, FHHLC, as Master Servicer, and The Bank
                of New
                York, as Trustee</font></div>
            </td>
          </tr>
          <tr bgcolor="#ffffff">
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="90%">&#160;</td>
          </tr>
          <tr bgcolor="#ccffcc">
            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #ccffcc">
              <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">10.1</font></div>
            </td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="90%" style="BORDER-BOTTOM: #ccffcc">
              <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">Mortgage
                Loan Purchase Agreement dated as of October 28, 2005, by and between
                FHHLC, as Seller, and FTBNA, as Purchaser</font></div>
            </td>
          </tr>
          <tr bgcolor="#ffffff">
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="90%">&#160;</td>
          </tr>
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            <td align="justify" valign="top" width="8%" style="BORDER-BOTTOM: #ccffcc">
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            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="90%" style="BORDER-BOTTOM: #ccffcc">
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                Loan Purchase Agreement dated as of October 28, 2005, by and between
                FTBNA, as Seller, and the Registrant, as Purchaser</font></div>
            </td>
          </tr>
          <tr bgcolor="#ffffff">
            <td align="justify" valign="top" width="8%">&#160;</td>
            <td width="2%">&#160;</td>
            <td align="justify" valign="top" width="90%">&#160;</td>
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                <td align="left">
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Previously
                    filed with the Commission on December 15, 2003, as Exhibit 1.1
                    to the
                    Registrant&#8217;s Current Report on Form 8-K (No. 333-73524
                    )</font></div>
                </td>
              </tr>

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                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Previously
                    filed with the Commission on October 10, 2005, as Exhibit 1.2
                    to the
                    Registrant&#8217;s Current Report on Form 8-K (No. 333-125158)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 225pt">&#160;</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": "051183974"}, "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: October 28, 2005
(Date
      of
      earliest event reported)
FIRST
      HORIZON ASSET SECURITIES INC., (as depositor under the Pooling and Servicing
      Agreement,
dated
      as
      of October 1, 2005, providing for the issuance of the First Horizon
Mortgage
      Pass-Through Trust 2005-7, Mortgage Pass-Through Certificates, Series 2005-7).
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
75063
Irving,
                Texas
(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 and the related Prospectus Supplement
        (collectively, the "Prospectus"), which was filed with the Commission pursuant
        to Rule 424(b)(5) on October 24, 2005, with respect to the Registrant's Mortgage
        Pass-Through Certificates, Series 2005-7 (the "Offered
        Securities").
Pursuant
      to a Mortgage Loan Purchase Agreement dated as of October 28, 2005 ("MLPA I"),
      by and between First Horizon Home Loan Corporation ("FHHLC") and First Tennessee
      Bank National Association ("FTBNA"), FHHLC sold a pool of conventional, fixed
      rate, first lien, fully amortizing, one-to-four family residential mortgage
      loans (the "Mortgage Loans") to FTBNA. Pursuant to a Mortgage Loan Purchase
      Agreement dated as of October 28, 2005 ("MLPA II"), by and between FTBNA and the
      Registrant, FTBNA sold the Mortgage Loans to the Registrant. Copies of MLPA
      I
      and MLPA II are filed herewith as
Exhibit
      10.1
and
Exhibit
      10.2
,
      respectively.
On
      October 28, 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 October 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
      $209,038,802 have been sold by the Registrant to First Tennessee Bank National
      Association pursuant to an Underwriting Agreement (i) dated as of November
      20,
      2003, (the "FTBNA Underwriting Agreement"), as supplemented by a Terms Agreement
      dated as of October 24, 2005 (the "FTBNA Terms Agreement"), each by and among
      FTBNA, the Registrant and FHHLC, and (ii) dated as of September 26, 2005 (the
      "Goldman Sachs Underwriting Agreement"), as supplemented by a Terms Agreement
      dated as of October 24, 2005 (the "Goldman Sachs Terms Agreement"), each by and
      among Goldman Sachs, the Registrant and FHHLC.
The
      FTBNA
      Underwriting Agreement and the Goldman Sachs Underwriting Agreement were
      previously filed with the Commission and are incorporated herein by reference
      as
Exhibits
      1.1 and 1.2
.
      The
      FTBNA Terms Agreement and the Goldman Sachs Terms Agreement are filed herewith
      as
Exhibits
      1.3 and 1.4
,
      respectively.
Item
              9.01.
Financial
                Statements and Exhibits
.
(c)
Exhibits
Exhibit
                No.
Description
1.1
Underwriting
                Agreement dated November 20, 2003, by and among FTBNA, the Registrant
                and
                FHHLC.*
1.2
Underwriting
                Agreement dated September 26, 2005, by and among Goldman Sachs, the
                Registrant and FHHLC.**
1.3
Terms
                Agreement dated October 24, 2005 to Underwriting Agreement dated
                November
                20, 2003, by and among FTBNA, the Registrant and FHHLC.
1.4
Terms
                Agreement dated October 24, 2005 to Underwriting Agreement dated
                September
                26, 2005, by and among Goldman Sachs, the Registrant and
                FHHLC.
4.1
Pooling
                and Servicing Agreement dated as of October 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 October 28, 2005, by and between
                FHHLC, as Seller, and FTBNA, as Purchaser
10.2
Mortgage
                Loan Purchase Agreement dated as of October 28, 2005, by and between
                FTBNA, as Seller, and the Registrant, as Purchaser
*
Previously
                  filed with the Commission on December 15, 2003, as Exhibit 1.1
                  to the
                  Registrant's Current Report on Form 8-K (No. 333-73524
                  )
**
Previously
                  filed with the Commission on October 10, 2005, as Exhibit 1.2 to
                  the
                  Registrant's Current Report on Form 8-K (No. 333-125158)
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.
November
              3, 2005
By:
/s/ Alfred
              Chang
Aldred
                Chang
Vice President
INDEX
      TO
      EXHIBITS
Exhibit
                No.
Description
1.1
Underwriting
                Agreement dated November 20, 2003, by and among FTBNA, the Registrant
                and
                FHHLC.*
1.2
Underwriting
                Agreement dated September 26, 2005, by and among Goldman Sachs, the
                Registrant and FHHLC.**
1.3
Terms
                Agreement dated October 24, 2005 to Underwriting Agreement dated
                November
                20, 2003, by and among FTBNA, the Registrant and FHHLC.
1.4
Terms
                Agreement dated October 24, 2005 to Underwriting Agreement dated
                September
                26, 2005, by and among Goldman Sachs, the Registrant and
                FHHLC.
4.1
Pooling
                and Servicing Agreement dated as of October 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 October 28, 2005, by and between
                FHHLC, as Seller, and FTBNA, as Purchaser
10.2
Mortgage
                Loan Purchase Agreement dated as of October 28, 2005, by and between
                FTBNA, as Seller, and the Registrant, as Purchaser
*
Previously
                    filed with the Commission on December 15, 2003, as Exhibit 1.1
                    to the
                    Registrant's Current Report on Form 8-K (No. 333-73524
                    )
**
Previously
                    filed with the Commission on October 10, 2005, as Exhibit 1.2
                    to the
                    Registrant's Current Report on Form 8-K (No. 333-125158)