8-K

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549FORM 8-KCURRENT REPORT PURSUANTTO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934January 28, 2010Date of Report (Date of earliest event reported)ANWORTH MORTGAGE ASSET CORPORATION.(Exact Name of Registrant as Specified in its Charter)


Maryland
(State or Other Jurisdiction of Incorporation)

001-13709	52-2059785
(Commission File Number)	(IRS Employer Identification No.)

1299 Ocean Avenue, Second Floor, Santa Monica, California	90401
(Address of Principal Executive Offices)	(Zip Code)

(310) 255-4493
(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K 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))

Item 8.01. Other Events.

On January 29, 2010, American Stock Transfer and Trust Company, as the Administrator of the Anworth Mortgage Asset Corporation 2009 Dividend Reinvestment and Stock Purchase Plan (the “Plan”), mailed a letter (the “Letter”) to all participants in the Plan notifying them of a change to the discount offered on Optional Small Cash Purchase Investments (as that term is defined in the Plan). A copy of the Letter is filed herewith as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(a)	Not Applicable.
(b)	Not Applicable.
(c)	Not Applicable.
(d)	Exhibits.
	Exhibit 99.1 Letter dated January 28, 2010.

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.

		ANWORTH MORTGAGE ASSET CORPORATION
Date:	January 29, 2010	By:	/s/ Lloyd McAdams
			Chief Executive Officer

EXHIBIT INDEX

Exhibit #	Description
99.1	Letter dated January 28, 2010.

EX-99.1

Exhibit 99.1

January 28, 2010

Dear Plan Participant:

As a participant in the Anworth Mortgage Dividend Reinvestment and Stock Purchase Plan (the “Plan”), I am writing to inform you of an upcoming change.  Effective with our next Optional Small Cash Purchase investment scheduled for February 26, 2010, the discount offered will be changed from 2% (two percent) to 1% (one percent) for all subsequent investments.  We will continue to offer a 5% (five percent) discount on dividend reinvestment.

If you have any questions, please contact our Director of Investor Relations, John Hillman, at (310) 255-4438, or via email at jhillman@anworth.com.  Thank you.

	Sincerely,
	Thad M. Brown
	Chief Financial Officer
TMB:jh

1299 Ocean Avenue, Second Floor, Santa Monica, California 90401
(310) 255-4493  Fax (310) 434-0070