SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-K/A
                                 Amendment No. 1


(Mark One)

| x |   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 

For the period from December 15, 1995 (INCEPTION) to December 31, 1995

|   |   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 

Commission File No.:  33-99612

           CS First Boston Mortgage Securities Corporation, Adjustable Rate
                    Asset-Backed Certificates, Series 1995-1
             (Exact name of registrant as specified in its charter)

New York (governing law of pooling and servicing agreement)
State or other jurisdiction of incorporation or organization)

52-1974385
(I.R.S. Employer Identification No.)

c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, MD                                     21044
(Address of principal executive                 (Zip Code)
offices)

Registrant's telephone number, including area code (410) 884-2000

Securities registered pursuant to Section 12(b) of the Act:  NONE

Securities registered pursuant to Section 12(g) of the Act:  NONE

     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

Yes    X                No



This Amendment No. 1 on Form 10-K/A amends Item 14 of the original Annual Report
on Form 10-K (the "Original Form 10-K") filed on March 29, 1996, by Norwest Bank
Minnesota,  N.A. (the "Reporting Person"), on behalf of CS First Boston Mortgage
Securities Corporation, Adjustable Rate Asset-Backed Certificates, Series 1995-1
(the "Trust"),  established  pursuant to a Pooling Trust Agreement (the "Pooling
Trust  Agreement")  among CS First Boston Mortgage  Securities  Corporation,  as
Depositor, (the "Depositor"),  Norwest Bank Minnesota,  National Association, as
Certificate  Administrator,   (the  "Certificate   Administrator"),   The  Chase
Manhattan Bank (National Association),  as Trustee, (the "Trustee"), and Norwest
Corporation,  as Tax Beneficial  Holder,  (the "Beneficial  Holder") pursuant to
which the CS First Boston Mortgage Securities Corporation, Adjustable Rate Asset
- -Backed  Certificates,   Series  1995-1,   certificates   registered  under  the
Securities Act of 1933 (the "Certificates") were issued. Item 14 of the Original
Form 10-K is amended to read in its entirety as follows:

Item  14.  Exhibits,  Financial  Statement Schedules, and Reports on Form 8-K.

     (a)  Exhibits

          99.1 Annual Report of  Independent  Public  Accountants'  as to master
               servicing activities or servicing activities as applicable:
          
               (a)  No Exhibit will be attached as the holdings of the Trust are
                    restricted   to   securities   only.  The  Annual Report  of
                    Independent  Public   Accountants   and Management Assertion
                    Letter are inapplicable as a result.  
  
          99.2 Management Assertion Letter:

               (a)  No Exhibit will be attached as the holdings of the Trust are
                    restricted   to   securities   only.  The  Annual Report  of
                    Independent  Public   Accountants   and Management Assertion
                    Letter are inapplicable as a result.  

          99.3 Annual  Statements  of  Compliance  with  obligations  under  the
               Pooling Agreement or servicing agreement, as applicable,  of: 

               (a)  No Exhibit will be attached for the Annual Statement of 
                    Compliance  because no  servicing was performed during 1995.
                    The first payment date occurred in January of 1996.


     (b)  Omitted.

     (c)  Omitted.

     (d)  Omitted.
         




                                    SIGNATURE

     Pursuant  to the  requirements  of  Section  13 or 15(d) 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:

     
        CS First Boston Mortgage Securities Corporation, Adjustable Rate
                    Asset-Backed Certificates, Series 1995-1


                       By: Norwest Bank Minnesota, N.A.,
                           as Certificate Administrator

                       By: /s/ Sherri J. Sharps
                       By: Sherri J. Sharps
                    Title: Vice President
                    Dated: October 1, 1997