SECURITIES AND EXCHANGE ~~COMMISSIONWashington, D.C. 20549~~COMMISSION

~~FORM~~Washington, ~~8-K/A~~D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of ~~theSecurities Exchange Act of 1934~~the

~~Date~~Securities ~~of Report:~~Exchange ~~May~~Act ~~30, 2006(Date~~ of ~~earliest~~ ~~event reported)~~1934

~~FIRST~~Date ~~HORIZON ASSET SECURITIES INC., (as depositor under the Pooling and Servicing~~of ~~Agreement,~~Report: ~~dated as of~~ May 131, 2006~~, providing for the issuance of the First Horizon Alternative Mortgage Securities Trust 2006-RE2, Mortgage Pass-Through Certificates, Series 2006-RE2).~~

~~FIRST~~(Date ~~HORIZON ASSET SECURITIES INC.(Exact~~of ~~name~~earliest ofevent ~~Registrant as specified in its charter~~reported)

FIRST HORIZON ASSET SECURITIES INC.

(Exact name of Registrant as specified in its charter)

Delaware	333-132046	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)
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/A 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 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))

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. 333-132046) filed with the Securities and Exchange Commission (the “Commission”) on April 20, 2006 (the “Registration Statement”), pursuant to which the Registrant registered $5,737,198,489 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 April 20, 2006 and the related Prospectus Supplement dated May 26, 2006 (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 2006-RE2 (the “Offered Securities”).

The Registrant is filing this Current Report on Form 8-K/A to ~~amend~~file ~~and restate~~ the ~~Current~~ ~~Report on Form 8-K, dated as of May 26, 2006 (the “Amended Current~~supplemental ~~Report”)~~legality ~~which was filed with the Commission on May 26, 2006 in order to amend and restate the Form 8-K and to supplant the supplemental tax~~ opinion of Andrews Kurth LLP ~~originally filed~~ as Exhibit 85.2 to the Registration Statement and the related consent ~~filed~~ as Exhibit 23.2 ~~under the Amended Current Report~~. ~~This current report on Form 8-K/A supersedes the Amended Current Report.~~

Item 9.01. Financial Statements and Exhibits.

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)

Exhibit No.		Description
8.2		Supplemental Tax Opinion of Andrews Kurth LLP
23.2		Consent of Andrews Kurth LLP (contained in the opinion filed as Exhibit 8.2)

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.
May 30, 2006	By:	/s/ Alfred Chang
May 31, 2006	By:	/s/ Alfred Chang
		Alfred Chang
		Vice President

Form 8-K (FHASI 2006-RE2)

Supplemental Legality Opinion

Filing Compare · First Horizon Asset Sec Mort Pass Thr Certs Ser 2006-RE2