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: June 1421, 2007

(Date of earliest event reported)

FIRST HORIZON ASSET SECURITIES INC.

(Exact name of Registrant as specified in its charter)

Delaware	333-137018	75-2808384
(State of Incorporation)	(Commission File No.)	(I.R.S. Employer ~~Identification No.)~~
		Identification No.)
4000 Horizon Way
Irving, Texas		75063
(Address of Principal executive offices)		(Zip Code)

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.

~~The~~Reference ~~financial~~ is ~~statements~~hereby ofmade ~~Financial~~to ~~Security~~the ~~Assurance~~Registrant’s ~~Inc.~~Registration ~~(“FSA”)~~Statement ason ofForm ~~December 31,~~S-3 ~~2006~~(File ~~and~~No. 333-137018) ~~2005,~~filed ~~and~~with ~~for~~the ~~each~~Securities ofand ~~the~~Exchange ~~years~~Commission in (the ~~three-year period ended~~“Commission”) on December 3112, 2006 (the “Registration Statement”), ~~are~~pursuant ~~included~~to inwhich ~~this~~the Registrant ~~Form~~registered ~~8-K.~~$10,372,447,590 ~~The~~aggregate ~~financial~~principal ~~statements as~~amount of its mortgage ~~December~~ pass-through 31certificates, ~~2006~~issuable ~~and~~in ~~2005~~various ~~and~~series, for ~~each~~sale ofin accordance with the ~~years~~provisions inof the ~~three-year~~Securities ~~period ended~~Act ~~December~~of 311933, ~~2006~~as ~~have~~amended. ~~been~~Reference ~~audited by PricewaterhouseCoopers LLP.~~is ~~The~~ also ~~consent~~ hereby ofmade ~~PricewaterhouseCoopers LLP~~ to the ~~inclusion~~Prospectus ofdated ~~their~~October ~~audit~~12, ~~report on such~~2006, ~~financial~~the ~~statements~~related inPreliminary Prospectus ~~this~~dated ~~Form~~June ~~8-K~~15, 2007 and tothe ~~their~~related ~~being~~Prospectus ~~referred~~Supplement todated as June ~~“Experts”~~ 19, in2006 (collectively, the ~~Preliminary~~ “Prospectus”), ~~Supplement~~which ~~relating~~have tobeen (in the ~~First~~case ~~Horizon~~of the ~~ABS~~ Prospectus ~~Trust~~and ~~2007-HE1,~~the isPreliminary ~~attached~~Prospectus ~~hereto~~Supplement) asor ~~Exhibit~~will ~~23.1.~~be ~~The~~(in ~~financial~~the ~~statements~~case of the ~~FSA~~Prospectus ~~as of December 31, 2006~~ and ~~2005~~the ~~and~~Prospectus ~~for~~Supplement) ~~each~~filed ofwith the ~~years~~Commission ~~in the~~pursuant ~~three-year~~ to ~~period~~Rule ~~ended December 31~~424(b), ~~2006~~with ~~are~~respect ~~incorporated by reference~~ to ~~Exhibit~~ ~~99.1~~the ~~of FSA~~Registrant’s ~~Form~~HELOC ~~10-K~~Notes, ~~filed~~Series on2007-HE1 (the ~~April~~“Offered ~~2, 2007~~Securities”).

The Registrant is filing this Current Report on Form 8-K to file the supplemental tax opinion of Andrews Kurth LLP as Exhibit 8.2 to the Registration Statement and the related consent as Exhibit 23.2.

Item 9.01. Financial Statements and Exhibits.

Exhibit No.	Description
23.1	Consent of Independent Registered Public Accounting Firm
99.1	Financial statements of FSA as of December 31, 2006 and 2005, and for each of the years in the three-year period ended December 31, 2006 (incorporated by reference to Exhibit 99.1 of FSA’s Form 10-K filed on April 2, 2007)

Exhibit No.

Description

38.2 Supplemental Tax Opinion of Andrews Kurth LLP

23.2

Consent of Andrews Kurth LLP (contained in the opinion filed as Exhibit 8.2)

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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.
June 14, 2007	By:	/s/ Alfred Chang
June 21, 2007	By: /s/ Alfred Chang
	Alfred Chang	~~Alfred Chang~~
	Vice President	~~Vice President~~

4Form 8-K, Supplemental Tax Opinion

Signature Page, FHASI 2007-HE1

Filing Compare · First Horizon Asset Sec HELOC Notes Ser 2007-HE1