<SEC-DOCUMENT>0000791049-20-000002-index.html : 20200609
<SEC-HEADER>0000791049-20-000002.hdr.sgml : 20200609
<ACCEPTANCE-DATETIME>20200609114315
ACCESSION NUMBER:		0000791049-20-000002
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		16
CONFORMED PERIOD OF REPORT:	20200331
FILED AS OF DATE:		20200609
DATE AS OF CHANGE:		20200609
EFFECTIVENESS DATE:		20200609

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:		20951303

	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>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000188797
<CLASS-CONTRACT-NAME>Class F
<CLASS-CONTRACT-TICKER-SYMBOL>ORFFX
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>a51445_cascades.htm
<DESCRIPTION>THE CASCADES TRUST 03/31/2020 FORM N-CSR
<TEXT>
Document 1 - file: a51445_cascades.htm

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

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

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CODE ETH
<SEQUENCE>5
<FILENAME>sarbanes3-31-2020.htm
<DESCRIPTION>SARBANES-OXLEY CODE OF ETHICS
<TEXT>
Document 5 - file: sarbanes3-31-2020.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>a51444_cascades002.gif
<DESCRIPTION>PICTURE
<TEXT>
Document 6 - file: a51444_cascades002.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>a51444_cascades004.gif
<DESCRIPTION>PICTURE
<TEXT>
Document 7 - file: a51444_cascades004.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>a51444_cascades007.gif
<DESCRIPTION>PICTURE
<TEXT>
Document 8 - file: a51444_cascades007.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>a51444_cascades005.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 9 - file: a51444_cascades005.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>a51444_cascades009.gif
<DESCRIPTION>PICTURE
<TEXT>
Document 10 - file: a51444_cascades009.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>a51444_cascades012.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 11 - file: a51444_cascades012.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>a51444_cascades013.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 12 - file: a51444_cascades013.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>f51385_oregonncsr2019001.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 13 - file: f51385_oregonncsr2019001.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>f51385_oregonncsr2019002.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 14 - file: f51385_oregonncsr2019002.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>f51385_oregonncsr2019003.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 15 - file: f51385_oregonncsr2019003.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>f51385_oregonncsr2019004.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 16 - file: f51385_oregonncsr2019004.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>image_004.jpg
<DESCRIPTION>PICTURE
<TEXT>
Document 17 - file: image_004.jpg

</DOCUMENT>
</SEC-DOCUMENT>