Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
  TEREX CORP
 2. Date of Event Requiring Statement (Month/Day/Year)
01/13/2008		 3. Issuer Name and Ticker or Trading Symbol
ASV INC /MN/ [ASVI]
(Last)
(First)
(Middle)
200 NYALA FARM ROAD		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

WESTPORT, CT 06880		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $.01 per share 77,385
D
 
Common Stock, par value $.01 per share 5,242,450 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Option to purchase common stock   (1)   (1) Common Stock 5,242,450 (1) $ 18 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
TEREX CORP
200 NYALA FARM ROAD
WESTPORT, CT 06880		     X    

Signatures

/s/ Eric I Cohen 01/18/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) (See Note (1) )
 
Remarks:
(1)  On January 13, 2008 Terex Corporation ("Terex") and Terex Minnesota, Inc., a wholly owned subsidiary of Terex Corporation ("Sub"),  entered into an Agreement and Plan of Merger (the "Merger Agreement") with A.S.V., Inc. ("the Company"), which contemplates an acquisition of the Company by Terex by means of a tender offer (the "Offer") for all outstanding shares of common stock ("Shares") 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 "Shareholder").  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 Terex 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.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.