<SEC-DOCUMENT>0000791049-14-000015-index.html : 20150423
<SEC-HEADER>0000791049-14-000015.hdr.sgml : 20150423

<ACCEPTANCE-DATETIME>20140606150706

<PRIVATE-TO-PUBLIC>

ACCESSION NUMBER:		0000791049-14-000015

CONFORMED SUBMISSION TYPE:	N-CSR

PUBLIC DOCUMENT COUNT:		12

CONFORMED PERIOD OF REPORT:	20140331

FILED AS OF DATE:		20140606

DATE AS OF CHANGE:		20150218

EFFECTIVENESS DATE:		20140606


FILER:


	COMPANY DATA:	

		COMPANY CONFORMED NAME:			CASCADES TRUST

		CENTRAL INDEX KEY:			0000791049

		IRS NUMBER:				136868231

		STATE OF INCORPORATION:			MA

		FISCAL YEAR END:			0331



	FILING VALUES:

		FORM TYPE:		N-CSR

		SEC ACT:		1940 Act

		SEC FILE NUMBER:	811-04626

		FILM NUMBER:		14896354



	BUSINESS ADDRESS:	

		STREET 1:		120 WEST 45TH STREET

		STREET 2:		SUITE 3600

		CITY:			NEW YORK

		STATE:			NY

		ZIP:			10036

		BUSINESS PHONE:		2126976666



	MAIL ADDRESS:	

		STREET 1:		120 WEST 45TH STREET

		STREET 2:		SUITE 3600

		CITY:			NEW YORK

		STATE:			NY

		ZIP:			10036



	FORMER COMPANY:	

		FORMER CONFORMED NAME:	TAX FREE TRUST OF OREGON

		DATE OF NAME CHANGE:	19890810



<SERIES-AND-CLASSES-CONTRACTS-DATA>

<EXISTING-SERIES-AND-CLASSES-CONTRACTS>

<SERIES>

<OWNER-CIK>0000791049

<SERIES-ID>S000006648

<SERIES-NAME>AQUILA TAX-FREE TRUST OF OREGON

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000018137

<CLASS-CONTRACT-NAME>Class A

<CLASS-CONTRACT-TICKER-SYMBOL>ORTFX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000018138

<CLASS-CONTRACT-NAME>Class C

<CLASS-CONTRACT-TICKER-SYMBOL>ORTCX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000018139

<CLASS-CONTRACT-NAME>Class I

<CLASS-CONTRACT-TICKER-SYMBOL>ORTIX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000018140

<CLASS-CONTRACT-NAME>Class Y

<CLASS-CONTRACT-TICKER-SYMBOL>ORTYX

</CLASS-CONTRACT>

</SERIES>

</EXISTING-SERIES-AND-CLASSES-CONTRACTS>

</SERIES-AND-CLASSES-CONTRACTS-DATA>

</SEC-HEADER>

<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>e612383_ncsr-cascades.htm
<DESCRIPTION>THE CASCADES TRUST-AQUILA TAX-FREE TRUSTOF OREGON 3/31/14 FORM N-CSR
<TEXT>
Document 1 - file: e612383_ncsr-cascades.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>3
<FILENAME>e610251_ex99-cert.htm
<DESCRIPTION>SECTION 306 CERTIFICATION
<TEXT>
Document 3 - file: e610251_ex99-cert.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906 CERT
<SEQUENCE>4
<FILENAME>e610251_ex99-906cert.htm
<DESCRIPTION>SECTION 906 CERTIFICATION
<TEXT>
Document 4 - file: e610251_ex99-906cert.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>aqbig.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 5 - file: aqbig.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>aqsmall.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 6 - file: aqsmall.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>aribig.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 7 - file: aribig.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>arismall.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 8 - file: arismall.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>dsig.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 9 - file: dsig.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>dsig2.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 10 - file: dsig2.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>graph.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 11 - file: graph.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>graph2.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 12 - file: graph2.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>13
<FILENAME>filename13.txt
<TEXT>
Document 13 - file: filename13.txt

</DOCUMENT>
</SEC-DOCUMENT>