<SEC-DOCUMENT>0000791049-16-000074-index.html : 20160531
<SEC-HEADER>0000791049-16-000074.hdr.sgml : 20160531
<ACCEPTANCE-DATETIME>20160531150512
ACCESSION NUMBER:		0000791049-16-000074
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160331
FILED AS OF DATE:		20160531
DATE AS OF CHANGE:		20160531
EFFECTIVENESS DATE:		20160531

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:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04626
		FILM NUMBER:		161685388

	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>NSAR-B
<SEQUENCE>1
<FILENAME>answer.fil
<DESCRIPTION>THE CASCADES TRUST 03/31/2016 FORM NSAR-B
<TEXT>
Document 1 - file: answer.fil

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>3
<FILENAME>TWBMay2016.txt
<DESCRIPTION>INDEPENDENT PUBLIC ACCOUNTING FIR LETTER
<TEXT>
Document 3 - file: TWBMay2016.txt

</DOCUMENT>
</SEC-DOCUMENT>