United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Name of Issuer: Cade Industries, Inc.
Title of Class of Securities: Common Stock, $.01 Par Value
CUSIP Number: 127382109
Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications:
Douglas T. Granat, 155 Pfingsten Road, Suite 360, Deerfield, Illinois 60015
847-405-9700
Date of Event which Requires Filing of this Statement:
August 28, 1997
CUSIP No. 127382109
Page 2 of 4 Pages
1. Name of Reporting Person Trigran Investments, L.P.
IRS No. 36-3778244
2. Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
3. SEC Use Only
4. Source of Funds
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
N/A
6. Citizenship or Place of Organization Illinois
7. Sole Voting Power See Item 5(b)
8. Shared Voting Power See Item 5(b)
9. Sole Dispositive Power See Item 5(b)
10. Shared Dispositive Power See Item 5(b)
11. Aggregate Amount Beneficially Owned by Each Reporting Person 870,000
12. Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11) 4.02%
14. Type of Reporting Person PN
CUSIP No. 127382109
Page 3 of 4 Pages
Item 1 Security and Issuer
Common Stock, par value $.001 per share
Cade Industries, Inc. (the "Issuer")
5640 Enterprise Drive
Lansing, MI 48911
Except as expressly stated below, there have been no material changes
in the facts and statements set forth in Schedule 13D, filed July 11,
1995, with respect to the Common Stock, par value $.001 per share, of
Cade Industries, Inc.. (Where no material change has occurred with
respect to items 2-8, inclusive, or a part thereof, of the Schedule 13D,
such particular item or respective part thereof is omitted from this
Amendment No. 1).
Item 5. Interest in Securities of the Issuer
(a) The aggregate number and percentage of the common stock of
the Issuer beneficially owned by the Reporting Person as of the date of
this filing is 870,000 shares or 4.02%.
(b) The Reporting Person and Trigran Investments, Inc., in its
capacity as general partner of the Reporting Person, each have sole
power to vote and sole power to dispose of the securities listed in (a)
above.
Each of the principals of Trigran Investments, Inc. have
shared power to vote and shared power to dispose of the securities
listed in (a) above.
(c) The following transactions were effected in the securities
of the Issuer during the sixty (60) days preceding the date hereof:
Date Purchased Number of Shares Price
06/30/97 2,500 1.55
07/03/97 4,200 1.61
07/11/97 7,500 1.53
07/14/97 3,000 1.54
07/23/97 5,000 1.64
07/30/97 5,000 1.80
07/31/97 1,000 1.89
08/06/97 200 2.02
08/19/97 5,000 1.96
Date Sold Number of Shares Price
07/16/97 15,000 1.61
07/23/97 35,000 1.66
07/24/97 75,000 1.80
07/25/97 2,000 1.89
07/28/97 4,000 1.90
08/06/97 50,000 1.95
08/07/97 50,000 2.19
08/21/97 8,500 2.04
08/28/97 130,000 2.20
08/29/97 84,300 2.48
These purchases and sales were open market transactions executed on the
NASDAQ National Market System.
(d) Not applicable
(e) Not applicable
********************
CUSIP No. 127382109
Page 4 of 4 Pages
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement
is true, complete, and correct.
Dated: August 29, 1997
TRIGRAN INVESTMENTS, L.P., an Illinois limited partnership
By: Trigran Investments, Inc., general partner
By: /s/ Douglas Granat, President
