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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 RPsTMyVb61NSpq1lluLLxG8QTNU2JgjbvtbYmba+heOl9MFLwjLdWfdO3IjSzkaf
 OdYitK/CcaCBSmi980Jelw==

<SEC-DOCUMENT>0000097216-08-000019.txt : 20080118
<SEC-HEADER>0000097216-08-000019.hdr.sgml : 20080118
<ACCEPTANCE-DATETIME>20080118131533
ACCESSION NUMBER:		0000097216-08-000019
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080113
FILED AS OF DATE:		20080118
DATE AS OF CHANGE:		20080118

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASV INC /MN/
		CENTRAL INDEX KEY:			0000926763
		STANDARD INDUSTRIAL CLASSIFICATION:	CONSTRUCTION MACHINERY & EQUIP [3531]
		IRS NUMBER:				411459569
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 5160
		STREET 2:		840 LILY LANE
		CITY:			GRAND RAPIDS
		STATE:			MN
		ZIP:			55744-5160
		BUSINESS PHONE:		2183273434

	MAIL ADDRESS:	
		STREET 1:		PO BOX 5160
		STREET 2:		840 LILY LANE
		CITY:			GRAND RAPIDS
		STATE:			MN
		ZIP:			55744-5160

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TEREX CORP
		CENTRAL INDEX KEY:			0000097216
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL TRUCKS TRACTORS TRAILERS & STACKERS [3537]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25620
		FILM NUMBER:		08538171

	BUSINESS ADDRESS:	
		STREET 1:		200 NYALA FARM ROAD
		CITY:			WESTPORT
		STATE:			CT
		ZIP:			06880
		BUSINESS PHONE:		2032227170

	MAIL ADDRESS:	
		STREET 1:		200 NYALA FARM ROAD
		CITY:			WESTPORT
		STATE:			CT
		ZIP:			06880

	FORMER NAME:	
		FORMER CONFORMED NAME:	BLACK MAMMOTH CONSOLIDATED MINING CO
		DATE OF NAME CHANGE:	19671002
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2008-01-13</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000926763</issuerCik>
        <issuerName>ASV INC /MN/</issuerName>
        <issuerTradingSymbol>ASVI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000097216</rptOwnerCik>
            <rptOwnerName>TEREX CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>200 NYALA FARM ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WESTPORT</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06880</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>77385</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5242450</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Option to purchase common stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>18.00</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>5242450</value>
                    <footnoteId id="F1"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">(See Note (1) )</footnote>
    </footnotes>

    <remarks>(1)  On January 13, 2008 Terex Corporation (&quot;Terex&quot;) and Terex Minnesota, Inc., a wholly owned subsidiary of Terex Corporation (&quot;Sub&quot;),  entered into an Agreement and Plan of Merger (the &quot;Merger Agreement&quot;) with A.S.V., Inc. (&quot;the Company&quot;), which contemplates an acquisition of the Company by Terex by means of a tender offer (the &quot;Offer&quot;) for all outstanding shares of common stock (&quot;Shares&quot;) of the Company followed by a merger, all upon the terms and subject to the conditions set forth in the Merger Agreement.  In connection with the Merger Agreement and for the purpose of facilitating the transactions contemplated thereby, Terex and Sub entered into a Tender, Voting and Option Agreement, dated as of January 13, 2008, with Caterpillar Inc. (the &quot;Shareholder&quot;).  Pursuant to the Tender, Voting and Option Agreement, the Shareholder has agreed, among other things, to tender into the Offer 5,242,450 of the Shares it owns, granted T
erex and Sub an option to purchase 5,242,450 exercisable only if the Shareholder breaches its obligation to tender those shares into the Offer or withdraws those Shares from the Offer, and agreed to vote 5,242,450 Shares in favor of the Merger.  The 5,242,450 Shares subject to the Tender, Voting and Option Agreement represent approximately 19.6% of the outstanding Shares.  Terex and Sub expressly disclaim beneficial ownership of the 5,242,450 Shares subject to the Tender, Voting and Option Agreement and this Form 3 shall not be construed as an admission that Terex or Sub is beneficial owner of those Shares for any purpose.  These agreements are included in a Schedule 13D filed by Terex with respect to the Company and the description of the agreements are qualified by reference thereto.</remarks>

    <ownerSignature>
        <signatureName>/s/ Eric I Cohen</signatureName>
        <signatureDate>2008-01-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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