UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                              SCHEDULE 13G

                           (Amendment No. 23)*

                  Under the Securities Exchange Act of 1934

                               NIKE, Inc.
                            (Name of Issuer)

                            Class B Common Stock
                      (Title of Class of Securities)

                               654106103
                             (CUSIP Number)

                           December 31, 2007
       (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

[  ] Rule 13d-1(b)
[  ] Rule 13d-1(c)
[ X ] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting
person's initial filing form with respect to the subject class of
securities, and for any subsequent amendment containing information
which would alter the disclosures provided in prior cover page.

The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).

1.     Name of Reporting Person                        Philip H. Knight

2.     N/A

3.     SEC Use Only

4.     Citizenship or Place of Organization            U.S. Citizen

5.     Sole Voting Power                               99,923,764

6.     Shared Voting Power                             -0-

7.     Sole Dispositive Power                          99,923,764

8.     Shared Dispositive Power                        -0-

9.     Aggregate Amount Beneficially Owned by Reporting Person
       99,910,094 shares of Class A Common Stock convertible at any
       time on request of the shareholder on a share for share basis to
       Class B Common Stock.  13,670 shares of Class B Common Stock.

10.    The Aggregate Amount in Row 9 excludes certain shares
       130,448 shares held by a corporation owned by wife

11.    Percent of Class Represented by Amount in Row 9
       20.13% of Class B Common Stock (assumes a conversion of
       99,910,094 shares of Class A Common Stock into equal number of
       shares of Class B Common Stock).

12.    Type of Reporting Person                 IN

Item 1(a)     Name of Issuer:
              NIKE, Inc.

Item 1(b)     Address of Issuer's Principal Executive Offices:
              One Bowerman Drive
              Beaverton, Oregon  97005-6453

Item 2(a)     Name of Person Filing:
              Philip H. Knight

Item 2(b)     Address of Principal Business Office:
              One Bowerman Drive
              Beaverton, Oregon  97005-6453

Item 2(c)     Citizenship:
              U.S.

Item 2(d)     Title of Class of Securities:
              Class B Common Stock

Item 2(e)     CUSIP Number:
              654106103

Item 3        NOT APPLICABLE

Item 4        Ownership

             (a)  Amount beneficially owned:  99,923,764 shares
             (b)  Percent of Class:  20.13%
             (c)  Number of shares as to which such person has:

                  (i)    sole power to vote or to direct the vote:
                         99,923,764

                  (ii)   shared power to vote or to direct the vote:
                         -0-

                  (iii)  sole power to dispose or to direct the
                         disposition of:
                         99,923,764

                  (iv)   shared power to dispose or to direct the
                         disposition of:
                          -0-

Item 5     Ownership of Five Percent or Less of a Class
           NOT APPLICABLE

Item 6     Ownership of More than Five Percent on Behalf of Another
           Person
           NOT APPLICABLE

Item 7     Identification and Classification of the Subsidiary which
           Acquired the Security Being Reported on by the Parent
           Holding Company or Control Person
           NOT APPLICABLE

Item 8     Identification and Classification of Members of the Group
           NOT APPLICABLE

Item 9     Notice of Dissolution of Group
           NOT APPLICABLE

Item 10    Certification
           NOT APPLICABLE

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.

January 24, 2008

By: /s/ John F. Coburn III

____________________________________________________
    John F. Coburn III on behalf of Philip H. Knight
    Pursuant to Power of Attorney