At January 31, 2003, consolidated, wholly-owned subsidiaries of Cascade Corporation were as follows:

Name of Subsidiary		Place of Incorporation
Cascade Xiamen Forklift Truck Attachment Co., Ltd.		Peoples Republic of China
Cascade (Africa) Pty. Ltd.		South Africa
Cascade Korea Limited		South Korea
Cascade (U.K.) Limited		United Kingdom
Cascade NV		The Netherlands
Cascade (Scandinavia) Hydraulik A.B.		Sweden
Cascade Hispania S.A.		Spain
Cascade (France) S.A.R.L.		France
Cascade GmbH		Germany
Cascade (Japan) Limited		Oregon
Cascade (Canada) Ltd.		Ontario, Canada
Cascade Kenhar Ltd.		United Kingdom
Nuova SAR s.r.l.		Italy
Cascade Kenhar, Inc.		Delaware
Hyco-Cascade Ltd. (N.Z.)		New Zealand
CNS Nova Scotia		Nova Scotia, Canada
Cascade (Australia) Pty. Ltd.		Australia
Hyco Cascade Pty. Ltd.		Australia
Cascade IFSC Ltd.		Ireland
Cascade Europe Ltd.		United Kingdom
Cascade (Ontario) Inc.		Ontario, Canada

The names of particular subsidiaries have been omitted because when considered in the aggregate or as a single subsidiary they would not constitute a "Significant Subsidiary" as of January 31, 2003.