SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
Quarterly Report Pursuant to Section
13 or 15(d)
of the Securities Exchange Act of
1934
For the Quarter Ended September
30, 1997
Commission File Number 0-
21522
WILLAMETTE VALLEY VINEYARDS, INC.
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<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> SEP-30-1997
<CASH> 141,284
<SECURITIES> 0
<RECEIVABLES> 400,581
<ALLOWANCES> (10,000)
<INVENTORY> 4,060,682
<CURRENT-ASSETS> 4,789,719
<PP&E> 6,736,830
<DEPRECIATION> 368,834
<TOTAL-ASSETS> 13,403,961
<CURRENT-LIABILITIES> 2,433,847
<BONDS> 0
0
0
<COMMON> 6,763,652
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 13,403,961
<SALES> 1,309,636
<TOTAL-REVENUES> 1,309,636
<CGS> 577,289
<TOTAL-COSTS> 577,289
<OTHER-EXPENSES> 636,134
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> (114,328)
<INCOME-PRETAX> (10,044)
<INCOME-TAX> 0
<INCOME-CONTINUING> (10,044)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (10,044)
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
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