Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
ANDERSON GREGORY SCOTT
  2. Issuer Name and Ticker or Trading Symbol
CASCADE CORP [CAE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last)
(First)
(Middle)
PO BOX 20187
3. Date of Earliest Transaction (Month/Day/Year)
01/24/2008
(Street)

PORTLAND, OR 97294
4. If Amendment, Date Original Filed(Month/Day/Year)
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/24/2008   M   6,255 A $ 35.6 22,608 D  
Common Stock 01/24/2008   S(1)   100 D $ 46.582 22,508 D  
Common Stock 01/24/2008   S(1)   100 D $ 46.564 22,408 D  
Common Stock 01/24/2008   S(1)   100 D $ 46.514 22,308 D  
Common Stock 01/24/2008   S(1)   100 D $ 46.504 22,208 D  
Common Stock 01/24/2008   S(1)   100 D $ 46.459 22,108 D  
Common Stock 01/24/2008   S(1)   100 D $ 46.513 22,008 D  
Common Stock 01/24/2008   S(1)   100 D $ 46.423 21,908 D  
Common Stock 01/24/2008   S(1)   100 D $ 46.43 21,808 D  
Common Stock 01/24/2008   S(1)   100 D $ 46.54 21,708 D  
Common Stock 01/24/2008   S(1)   200 D $ 46.522 21,508 D  
Common Stock 01/24/2008   S(1)   200 D $ 46.401 21,308 D  
Common Stock 01/24/2008   S(1)   200 D $ 46.52 21,108 D  
Common Stock 01/24/2008   S(1)   200 D $ 46.51 20,908 D  
Common Stock 01/24/2008   S(1)   208 D $ 46.573 20,700 D  
Common Stock 01/24/2008   S(1)   500 D $ 46.5 20,200 D  
Common Stock 01/24/2008   S(1)   992 D $ 46.373 19,208 D  
Common Stock 01/25/2008   S(1)   1,000 D $ 47 18,208 D  
Common Stock 01/28/2008   S(1)   1,000 D $ 48 17,208 D  
Common Stock 01/28/2008   S(1)   855 D $ 49 16,353 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Appreciation Rights $ 35.6 01/24/2008   M     25,000 06/07/2005(2) 06/07/2015 Common Stock 6,255 $ 0 25,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ANDERSON GREGORY SCOTT
PO BOX 20187
PORTLAND, OR 97294
      Senior Vice President  

Signatures

 Gregory Scott Anderson   01/28/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 11, 2008.
(2) Fifty-thousand Stock Appreciation Rights were granted on June 7, 2005 and one-quarter become exercisable on the first four anniversaries.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.