The 114 Cd( 48 Ca, 6nγ ) reaction at 215 MeV has been investigated using the Gammasphere spectrometer to study the high-spin structure of the nucleus 156 68 Er 88 . Many new transitions have been established along with definitive spin-parity level assignments from a high-fold angular-distribution analysis. In addition, absolute B(M1) and B(E1) strengths have been inferred from measured γ -ray branching ratios. Strong B(E1) strength (10 −3 W.u.) is discussed in terms of possible octupole collectivity at low spin. At high spin, this nucleus undergoes a Coriolis-induced shape transition from a prolate state of collective rotation to a noncollective, triaxial-oblate configuration. The yrast positive-parity structure ultimately terminates in an energetically favored oblate state at I π = 42 + . Several weak high-energy γ -ray transitions have been discovered that feed this favored state. State-of-the-art cranked Nilsson-Strutinsky calculations are used to interpret the high-spin behavior of 156 Er and comparisons are made with other N = 88 isotones.