SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 20, 2004

FIRST HORIZON ASSET SECURITIES INC.

(Exact name of registrant as specified in its charter)

Delaware	333-110100	75-2808384
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(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

Item 5.

Other Events

Filing of Surety Bond.

Item 7. Financial Statements, Pro Forma Financial

Information and Exhibits.

(k)

Not applicable.

(l)

Not applicable.

(m)

Exhibits:

99.1

Surety Bond.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FIRST HORIZON ASSET SECURITIES INC.

By: /s/ Wade Walker/s/

Name:

Wade Walker

Title:

Senior Vice President

Dated: April 20, 2004

Exhibit Index

Exhibit

99.1	Surety Bond

Exhibit 99.1

FIRST HORIZON ABS NOTES SERIES 2004-HE1 8-K