RPA calculations, based on the cranked shell model, are performed for
superdeformed Dy-152 in which five excited bands have been found recen
tly. We show that characteristic features of the observed dynamical mo
ments of inertia are well accounted for by explicitly taking the octup
ole correlations into account. Importance of the interplay between rot
ation and octupole vibrations is stressed, and it is suggested that on
e of the observed excited bands might be a collective octupole vibrati
on built on the superdeformed yrast band.