FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   Drake Peter David 2. Date of Event Requiring Statement (Month/Day/Year) 05/13/2008 3. Issuer Name and Ticker or Trading Symbol CASCADE CORP [cae] (Last) (First) (Middle) CASCADE CORPORATION, 2201 NE 201ST AVENUE 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice President - Americas 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) FAIRVIEW, OR 97024 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 1,305.13 I Held in 401(k)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Options (right to buy)	05/26/2004(1)	05/25/2014	Common Stock	1,600	$ 21.15	D	Â
Stock Appreciation Rights	07/19/2005(2)	07/19/2015	Common Stock	3,500	$ 35.6	D	Â
Stock Appreciation Rights	06/06/2006(3)	06/06/2016	Common Stock	2,625	$ 37.05	D	Â
Stock Appreciation Rights	06/08/2007(4)	06/08/2017	Common Stock	2,000	$ 73.73	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Drake Peter David CASCADE CORPORATION 2201 NE 201ST AVENUE FAIRVIEW, OR 97024	Â	Â	  Vice President - Americas	Â

Signatures

Peter David Drake		05/13/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The option was granted for 6,400 shares on 05/26/2004 and becomes exercisable for one-quarter of the shares on each of the first four anniversaries.
(2)	Seven thousand Stock Appreciation Rights were granted on 07/19/2005 and one-quarter become exercisable on each of the first four anniversaries.
(3)	Three thousand five hundred Stock Appreciation Rights were granted on 06/06/2006 and one-quarter become exercisable on each of the first four anniversaries.
(4)	Two thousand Stock Appreciation Rights were granted on 06/08/2007 and one-quarter become exercisable on each of the first four anniversaries.

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