SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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, 2002

Commission File Number 0-21522

WILLAMETTE VALLEY VINEYARDS, INC.

 (Exact name of registrant as specified in charter)

              Oregon                       93-0981021
  (State or other jurisdiction of      (I.R.S. Employer
  incorporation or organization)     Identification Number)


___________________________________________________________

8800 Enchanted Way, S.E.,
Turner, Oregon 97392
(503)-588-9463

 (Address, including Zip code, and telephone number,
including area code, of registrant's principal executive offices)

___________________________________________________________

Indicate by check mark whether the registrant (1) has filed, all reports
required to be filed by Section 13 or 15(d) of  the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports) and (2) has been subject to such
filing requirements for the past 90 days.

                                            [X] YES       [  ] NO

Number of shares of common stock outstanding as of September 30, 2002
4,469,444 shares, no par value

Transitional Small Business Disclosure
                                           [  ] YES        [X] NO



                  WILLAMETTE VALLEY VINEYARDS, INC.
                       INDEX TO FORM 10-QSB


Part I - Financial Information

Item 1--Financial Statements

Balance Sheet

Statement of Operations

Statement of Cash Flows

Notes to Consolidated Financial Statements

Item 2--Management's Discussion and Analysis of Financial Condition and
Results of Operations

Item 3--Controls and Procedures

Part II - Other Information

Item 1--Exhibits and Reports of Form 8-K

Item 5--Other Information

Signatures







PART 1              FINANCIAL INFORMATION
ITEM 1
Financial Statements

                  WILLAMETTE VALLEY VINEYARDS
                        Balance Sheet
                                       September 30,       December 31,
                                            2002                2001
                                        (unaudited)
ASSETS.                                 __________          __________
Current Assets:
  Cash and cash equivalents            $   112,631         $   504,510
  Accounts receivable trade, net           447,144             746,678
  Inventories                            7,366,984           6,905,865
  Prepaid expenses and other
  current assets                             1,451              87,512
  Deferred income taxes                    146,054             146,054
                                        __________          __________
Total current assets                     8,074,264           8,390,619

Vineyard development cost, net           1,646,204           1,697,452
Inventories                                584,925             584,925
Property and equipment, net              5,187,151           5,652,067
Notes receivable                            69,403              77,378
Debt issuance costs, net                    59,546              64,910
Other assets                               242,732             205,884
                                        __________          __________
Total assets                           $15,864,225         $16,673,235
                                        ==========          ==========
LIABILITIES AND SHAREHOLDERS EQUITY
Current liabilities
  Line of credit                       $ 1,500,000         $ 1,352,500
  Current portion of long term debt        242,649             242,649
  Accounts payable                         780,416           1,002,501
  Accrued commissions and payroll          135,848             138,486
  Income taxes payable                      17,969              17,969
  Grapes payable                           553,020           1,136,487
                                        __________          __________
Total current liabilities                3,229,902           3,890,592

Long-term debt                           3,000,715           3,184,031
Distributor obligation                   1,500,000           1,500,000
Deferred rent liability                     79,751              60,392
Deferred gain                              430,973             449,711
Deferred income taxes                      209,968             209,968
                                        __________          __________
Total liabilities                        8,451,309           9,294,694
                                        __________          __________
Shareholders' equity
  Common stock, no par value - 10,000,000
  shares authorized, 4,469,444 and 4,464,981
  shares issued and outstanding at September 30,
  2002 and December 31, 2001             7,155,163           7,142,647
Retained earnings                          257,753             235,894
                                        __________          __________
Total shareholders' equity               7,412,916           7,378,541
                                        __________          __________
Total liabilities and shareholders'
equity                                 $15,864,225         $16,673,235
                                        ==========          ==========
The accompanying notes are an integral part of this financial statement.

                  WILLAMETTE VALLEY VINEYARDS, INC.
                      Statement of Operations
                            (unaudited)

                      Three months ended         Nine months ended
                         September 30,              September 30,
                      2002          2001         2002          2001
                   __________    __________   __________    __________
Net Revenues
  Case Revenue    $ 1,511,502   $ 1,792,161  $ 4,110,832   $ 4,775,397
  Bulk Revenue              -       121,810       28,215       345,611
                   __________    __________   __________    __________
Total Revenue       1,511,502     1,913,971  $ 4,139,047     5,121,008

Cost of Sales
  Case                697,352       898,648    1,873,337     2,326,532
  Bulk                      -       116,783       28,405       297,099
                   __________    __________   __________    __________
Total Cost of Sales   697,352     1,015,431    1,901,742     2,623,631

Gross Margin          814,150       898,540    2,237,305     2,497,377

Selling, general and administrative
  expense             651,145       771,544    1,970,811     2,222,655
                   __________    __________   __________    __________
Net operating
  income              163,005       126,996      266,494       274,722

Other income (expense)
  Interest income       1,333         1,304        3,727         3,464
  Interest expense    (89,177)      (98,927)    (267,120)     (352,311)
  Other income          6,246         6,632       18,758        22,898
  Other expense                         (23)                       (23)
                   __________    __________   __________    __________
Net income (loss) before
  income taxes         81,407        35,982       21,859       (51,250)

Income tax                  -             -            -             -
                   __________    __________   __________    __________
Net income (loss)      81,407        35,982       21,859       (51,250)

Retained earnings beginning of
  period              176,346        89,817      235,894       177,049
                   __________    __________   __________    __________
Retained earnings
  end of period   $   257,753   $   125,799  $   257,753       125,799
                   ==========    ==========   ==========    ==========
Basic gain (loss) per
  common share    $       .02   $       .01  $       .01   $      (.01)

Diluted gain (loss) per
  common share    $       .02   $       .01  $       .01   $      (.01)

Weighted average number of
basic common shares
outstanding         4,469,444     4,516,257    4,468,560     4,323,968

Weighted average number of
diluted common shares
outstanding         4,469,444     4,623,359    4,473,457     4,323,968

The accompanying notes are an integral part of this financial statement.

                  WILLAMETTE VALLEY VINEYARDS, INC.
                      Statement of Cash Flows
                            (unaudited)
                                         Nine months ended September 30,
                                            2002                2001
                                        __________          __________

Cash flows from operating activities:
  Net income (loss)                    $    21,859         $   (51,250)
Reconciliation of net loss to net cash (used
 for) provided by operating activities:
  Depreciation and amortization            572,045             549,310
  Stock issued for compensation              3,941               3,984
  Changes in assets and liabilities:
    Accounts receivable trade              299,534            (333,217)
    Inventories                           (461,119)            316,114
    Prepaid expenses and other
     current assets                         86,061             (60,997)
    Notes receivable                         7,975             (15,262)
    Other assets                            13,380             (20,888)
    Accounts payable                      (222,085)            (53,604)
    Accrued commissions and payroll costs   (2,638)             11,359
    Grape payables                        (583,467)           (373,501)
    Deferred rent liability                 19,359              21,569
    Deferred gain                          (18,738)            (18.738)
                                        __________          __________
Net cash used for operating activities    (263,893)            (25,121)
                                        __________          __________

Cash flow from investing activities
  Additions to property and equipment      (50,517)           (243,385)
  Vineyard development expenditures              -             (34,424)
  Investments                              (50,228)             (5,000)
                                        __________          __________
Net cash used by investing activities     (100,745)           (282,809)
                                        __________          __________

Cash flows from financing activities:
  Net increase (decrease) in line of
   credit balance                          147,500          (1,266,549)
  Proceeds from distributor obligation           -           1,500,000
  Debt issuance costs                                          (16,637)
  Proceeds from common stock issued
   and options exercised, net                8,575             318,000
  Repayments of long-term debt            (183,316)           (132,402)
                                        __________          __________
Net cash (used) provided by
 financing activities                      (27,241)            402,412
                                        __________          __________
Net (decrease) increase in
 cash and cash equivalents                (391,879)             94,482

Cash and cash equivalents:
  Beginning of period                      504,510             252,876
                                        __________          __________
  End of period                        $   112,631         $   347,358
                                        ==========          ==========

The accompanying notes are an integral part of this financial statement.

NOTES TO CONSOLIDATED FINANCIAL STATEMENT

1) BASIS OF PRESENTATION

The interim financial statements have been prepared by the Company, without
audit and subject to year-end adjustment, in accordance with generally
accepted accounting principles, except that certain information and footnote
disclosure made in the latest annual report have been condensed or omitted for
the interim statements.  Certain costs are estimated for the full year and are
allocated to interim periods based on estimates of operating time expired,
benefit received, or activity associated with the interim period.  The
financial statements reflect all adjustments, which are, in the opinion of
management, necessary for fair presentation.


2) INVENTORIES BY MAJOR CLASSIFICATION ARE SUMMARIZED AS FOLLOWS:

                                       September 30,        December 31,
                                            2002                2001
                                        (unaudited)
                                        __________          __________

Winemaking and packaging materials     $    19,579         $   252,828
Work-in-progress (costs relating
  to unprocessed and/or bulk
  wine products)                         2,044,302           2,941,755
Finished goods (bottled wines            5,888,028           4,296,207
  and related products)                 __________          __________
                                       $ 7,951,909         $ 7,490,790

Less: amounts designated for distributor  (584,925)           (584,925)
                                        __________          __________

Current inventories                    $ 7,366,984         $ 6,905,865
                                        ==========          ==========




3) PROPERTY AND EQUIPMENT CONSIST OF THE FOLLOWING:

                                       September 30,       December 31,
                                            2002                2001
                                        (unaudited)
                                        __________          __________

Land and improvements                  $   984,954         $   984,954
Winery building and hospitality center   4,567,076           4,561,118
Equipment                                4,643,936           4,599,377
                                        __________          __________
                                       $10,195,966         $10,145,449

Less accumulated depreciation           (5,008,815)         (4,493,382)
                                        __________          __________
                                       $ 5,187,151         $ 5,652,067
                                        ==========          ==========


4) SUBSEQUENT EVENTS:

None.

ITEM 2
Management's Discussion and Analysis of Financial Condition
 and Results of Operations

Forward Looking Statement:

This Management's Discussion and Analysis of Financial Condition and Results
of Operation and other sections of this Form 10-QSB contain forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995.  These forward-looking statements involve risks and uncertainties
that are based on Management's current expectations, estimates and projections
about the Company's business, and on beliefs and assumptions.  Words such as
"expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates"
and variations of such words and similar expressions are intended in part to
help identify such forward-looking statements.  Actual outcomes and results
may differ materially from what is expressed or forecasted in such
forward-looking statements due to numerous factors, including, but not limited
to:  our ability to avoid a declaration of a default on our loan agreements,
availability of additional financing for growth, availability of adequate
supply of high quality grapes, successful performance of internal operations,
impact of competition, changes in wine broker or distributor relations or
performance, impact of possible adverse weather conditions, impact of
reduction in grape quality or supply due to disease, impact of governmental
regulatory decisions, and other risks detailed below as well as those
discussed elsewhere in this Form 10-QSB and from time to time in the Company's
Securities and Exchange Commission filings and reports.  In addition, such
statements could be affected by general industry and market conditions and
growth rates, and general domestic economic conditions.


Management's Discussion and Analysis of
Financial Condition and Results of Operations

GENERAL

The Company produced its second consecutive profitable quarter, following
negative First Quarter results and a profitable 2001 calendar year.  The Third
Quarter gains were sufficient to erase the losses incurred in the First
Quarter, which has traditionally been the weakest financial period for the
Company and wine industry as a whole.

The 2002 Third Quarter produced stronger net profits, rising one hundred
twenty six percent as compared to the previous year, even though sales to the
Company's largest out-of-state distribution network were down significantly.
These positive results came from the sale of higher margin products resulting
in the gross margin rising from 47 percent to 54 percent, and a 16 percent
reduction in selling, general, and administrative expenses as compared with
the Third Quarter of the previous year.  These higher product margins are the
result of fixed production costs being spread over the larger than expected
2001 harvest.

The largest single factor in lower sales revenues was decreased out-of-state
sales to distributors, with the second being no bulk wine sales were made in
the Third Quarter.  Due to high inventories of bulk wine in the industry
generally, the Company has to date been unsuccessful marketing bulk wines as
it had in the Third Quarter of the previous year.

In 2001, the Company entered into a national distribution agreement with one
of the nation's largest wine distributors, the Charmer Sunbelt Group, with the
expectation of achieving significantly more product placements and resulting
sales.  Large amounts of wine inventory were sold into this distribution
network in 2001, much of which is still being sold into the retail trade.  Due
to the slower than expected implementation of distribution and slower than
expected sales, the management does not expect sales to rise to the Charmer
Sunbelt network until their inventories have been sold down.  Our CEO and
staff have traveled to out-of-state markets twenty nine times this year making
account sales calls and presentations to distributor sales forces to increase
distributor sales to their customers.

Depletions from the Company's distributors to their retail accounts increased
sixteen percent for the Third Quarter over the previous year, same period and
twelve percent for the nine-month period.

Management reduced the 2002 crush to 1,091 tons down from the record 1,856
tons the previous year, in order to reduce inventories and the need for
additional borrowing to finance new inventory.


RESULTS OF OPERATIONS

Revenue

Winery Operations
The Company's revenues from winery operations are summarized as follows:

                      Three months ended         Nine months ended
                         September 30,              September 30,
                      2002          2001         2002          2001
                   __________    __________   __________    __________

Tasting Room Sales and
 Rental Income    $   410,659   $   406,326  $ 1,133,550   $   943,616
On-site and off-site
 festivals             46,161        50,868      125,023       150,174
In state sales        617,156       645,963    1,736,419     1,855,883
Out of state sales    490,438       741,703    1,247,064     1,972,191
Bulk wine/
 Misc. sales                -       121,810       28,215       345,611
                   __________    __________   __________    __________
Total Revenue     $ 1,564,414   $ 1,966,670  $ 4,270,271   $ 5,267,475

Less Excise Taxes      52,912        52,699      131,224       146,467
                   __________    __________   __________    __________
Net Revenue       $ 1,511,502   $ 1,913,971  $ 4,139,047   $ 5,121,008
                   ==========    ==========   ==========    ==========

Tasting room sales, and rental income for the three months ending September
30, increased 1% to $410,659 in 2002 from $406,326 for the same period in
2001.  For the first nine months of 2002, sales increased 20% over the same
period in 2001.  Retail sales increased during the third quarter of 2002 due
in part to the continued success of management's focus on higher margin retail
sales.

On-site and off-site festival sales for the third quarter of 2002 decreased
10% to $46,161 from $50,868 over the third quarter of 2001.  During the first
nine months of 2002, sales in this category decreased 17% over the same period
in 2001.  This decrease is due primarily to the continuing focus away from
on-site and off-site events, in favor of telephone, mail order and retail
sales.

Sales in Oregon, through the Company's independent sales force, decreased 8%
to $529,330 in the third quarter of 2002 from $577,957 in the third quarter of
2001.  The Company's direct instate sales to our largest customer increased
29% to $87,826 from $68,006 in 2001.  The Company is continuing to work with
this customer in an attempt to regain historical higher sales volumes.

Out-of-state sales in the third quarter of 2002 decreased 34% to $490,438 from
$741,703 in the third quarter of 2001.  As a continuing result of slower than
expected sales during 2001, the Company's distributors continued to work
through their excess inventories, producing slow sales from the winery.  The
Company has refocused sales efforts during the first nine months of 2002 by
engaging local professional wine brokers, who are paid on performance, to
assist distributors with account placements, local sales programs, and
continued increased depletions.  Also, the Company has been facilitating and
attending brand sales kickoff events at the distributors and working with
local sales forces to improve brand knowledge and recognition.

Excise taxes

The Company's excise taxes increased slightly in the third quarter of 2002 to
$52,912 from $52,699 in the same period in 2001.  For the nine months of 2002,
excise taxes decreased to $131,224 from $146,467 for the same period in 2001.
This was due in part to the decreased overall sales, and the continued
increased sales of high margin products and decreased case depletions of lower
margin products in the first nine months of 2002, decreasing overall sales
volumes and taxes which are paid based on volume.

Gross Profit

As a percentage of revenue, gross profit for the winery operations increased
to 54% in the third quarter of 2002 as compared to 47% in the third quarter of
2001.  This increase is a result of the higher sales of higher margin products
like Pinot Noirs, and the lower costs of goods attributed to the very
successful crush of 2001, as well as the lack of low margin bulk sales in
2002.  The Company expects the gross margins in 2002 to be higher than in 2001
due to the Company's focus on, and improved distribution of, higher margin
products, as well as the continued movement of the lower cost products of the
2001 vintage.

Selling, General and Administrative Expenses

Selling, general and administrative expenses decreased 16% to $651,145 in the
third quarter of 2002 from $771,544 in the third quarter of 2001.  For the
first nine months of 2002, selling, general and administrative expenses
decreased 11% to $1,970,811 from $2,222,655 in the first nine months of 2001.
The decrease was due in part to the elimination of the national sales manager
position, as well as strong cost control efforts.  As a percentage of revenue
from winery operations, selling, general and administrative expenses increased
to 43% in the third quarter of 2002 from 40% in the third quarter of 2001.

Interest Income, Other Income and Expense

Interest income increased to $1,333 for the third quarter of 2002 from $1,304
for the third quarter of 2001.  Interest expense decreased to $89,177 in the
third quarter of 2002 from $98,927 in 2001. Interest costs were lower because
the Company paid lower interest rates on its line of credit.  Other income
decreased to $6,246 for the third quarter of 2002 from $6,632 for the third
quarter of 2001.

Income Taxes

No income tax expense has been recorded due to the utilization of net
operating loss carry forwards.

Liquidity and Capital Resources

At September 30, 2002, the Company had a working capital balance of $4.8
million and a current ratio of 2.5:1.  At December 31, 2001, the Company had a
working capital balance of $4.5 million and a current ratio of 2.2:1.

The Company had a cash balance of $112,631 at September 30, 2002 compared with
$504,510 at December 31,2001.  This decrease is due primarily to the pay down
of accounts payable and grape payables.

At September 30, 2002, the line of credit balance was $1,500,000. On October
31, 2002, the Company obtained an extension of the maturity date of its line
of credit from Northwest Farm Credit Services from September 1, 2002 to
December 1, 2002.  The Company is currently negotiating an agreement with
another financial institution and management anticipates a final agreement to
be in place in the near future.  Management anticipates the financing
agreement to provide for maximum borrowings of $2,700,000 with an interest
rate of the bank's prime plus .8 percent.  Management also anticipates the
agreement to include, among other things, certain restrictive financial
covenants with respect to total equity, debt-to-equity and debt coverage.  If
the Company is unable to refinance the debt with another institution, the
Company may be unable to continue its normal operations, except to the extent
permitted by Northwest Farm Credit Services.

As of September 30, 2002, the Company had a total long-term debt balance of
$3,243,364 owed to Farm Credit Services. This debt was used to finance the
Hospitality Center, invest in winery equipment to increase the Company's
winemaking capacity, complete the storage facility, and purchase Tualatin
Vineyards. At December 31, 2001, the Company was in violation of one of five
of its debt coverage covenants.  Farm Credit Services has signed a waiver
letter to the Company for these covenants through December 31, 2002.

At September 30, 2002, the Company owed $553,020 on grape contracts.  A large
portion is owed to a single grape grower, which will be paid as the wine made
from those grapes is sold.

Critical Accounting Policies:

The discussion and analysis of our financial condition and results of
operations are based upon our financial statements, which have been prepared
in accordance with accounting principles generally accepted in the United
States of America.  The preparation of these financial statements requires us
to make estimates and judgments that affect the reported amounts of assets,
liabilities, revenues and expenses, and related disclosure of contingent
assets and liabilities.  On an on-going basis, we evaluate our estimates,
including those related to revenue recognition, collection of accounts
receivable, valuation of inventories, and amortization of vineyard development
costs. We base our estimates on historical experience and on various other
assumptions that are believed to be reasonable under the circumstances.
Actual results may differ from these estimates under different assumptions or
conditions.  A description of our critical accounting policies and related
judgments and estimates that affect the preparation of our financial
statements is set forth in our Annual Report on Form 10-K for the year ended
December 31, 2001.

Recent Accounting Pronouncements

In July 2002, the FASB issued SFAS 146, "Accounting For Costs Associated with
Exit or Disposal Activities." This Statement addresses financial accounting
and reporting for costs associated with exit or disposal activities and
nullifies Emerging Issues Task Force (EITF) Issue No. 94-3, "Liability
Recognition for Certain Employee Termination Benefits and Other Costs to Exit
an Activity (including Certain Costs Incurred in a Restructuring)."  This
Statement requires that a liability for a cost associated with an exit or
disposal activity be recognized when the liability is incurred.  Under Issue
94-3, a liability for an exit cost as defined in Issue 94-3 was recognized at
the date of an entity's commitment to an exit plan.  This Statement also
establishes that fair value is the objective for initial measurement of the
liability.  SFAS 146 is effective for exit or disposal activities initiated
after December 31, 2002. The Company does not expect the adoption of SFAS 146
to have a material effect on its financial position or results of operations.

In April 2002, the FASB issued SFAS 145, "Rescission of FASB Statements 4, 44
and 64, Amendment of FASB Statement 13, and Technical Corrections". SFAS 145
rescinds the provisions of SFAS 4 that requires companies to classify certain
gains and losses from debt extinguishments as extraordinary items, eliminates
the provisions of SFAS 44 regarding transition to the Motor Carrier Act of
1980 and amends the provisions of SFAS 13 to require that certain lease
modifications be treated as sale leaseback transactions. The provisions of
SFAS 145 related to classification of debt extinguishment are effective for
fiscal years beginning after May 15, 2002. The provisions of SFAS 145 related
to lease modification are effective for transactions occurring after May 15,
2002. The Company does not expect the provisions of SFAS 145 to have a
material impact on its financial position or results of operations.

In August 2001, the FASB issued SFAS 143, "Accounting for Asset Retirement
Obligations." This Statement addresses financial accounting and reporting for
obligations associated with the retirement of tangible long-lived assets and
the associated asset retirement costs. This Statement applies to all entities.
It applies to legal obligations associated with the retirement of long-lived
assets that result from the acquisition, construction, development and (or)
the normal operation of a long-lived asset, except for certain obligations of
lessees. SFAS 143 is effective for financial statements issued for fiscal
years beginning after June 15, 2002.  The Company does not expect the
provisions of SFAS 143 to have a material impact on its financial position or
results of operations.

In August 2001, the FASB issued SFAS 144 "Accounting for the Impairment or
Disposal of Long-Lived Assets". SFAS 144 supersedes SFAS 121 "Accounting for
the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed
Of." SFAS 144 applies to all long-lived assets (including discontinued
operations) and consequently amends Accounting Principles Board Opinion No. 30
(APB 30), "Reporting Results of Operations - Reporting the Effects of Disposal
of a Segment of a Business, and Extraordinary, Unusual and Infrequently
Occurring Events and Transaction." SFAS 144 develops one accounting model for
long-lived assets that are to be disposed of by sale. SFAS 144 requires that
long-lived assets that are to be disposed of by sale be measured at the lower
of book value or fair value less cost to sell. Additionally, SFAS 144 expands
the scope of discontinued operations to include all components of an entity
with operations that (1) can be distinguished from the rest of the entity and
(2) will be eliminated from the ongoing operations of the entity in a disposal
transaction. The provisions of this Statement are effective for financial
statements issued for fiscal years beginning after December 15, 2001 and
interim periods within those fiscal years, with early application encouraged.
The Statement did not have an impact because the impairment assessment under
SFAS 144 is largely unchanged from SFAS 121.

In June 2001, the FASB issued SFAS 141, "Business Combinations" and 142,
"Goodwill and Other Intangible Assets". SFAS 141 requires all business
combinations initiated after June 30, 2001 to be accounted for using the
purchase method. Under SFAS 142, goodwill and intangible assets with
indefinite lives are no longer amortized but are reviewed annually or more
frequently if impairment indicators arise for impairment. Separable intangible
assets that are not deemed to have indefinite lives will continue to be
amortized over their useful lives, but with no maximum life. The amortization
provisions of SFAS 142 apply to goodwill and intangible assets acquired after
June 30, 2001. With respect to goodwill and intangible assets acquired prior
to July 1, 2001, the Company adopted SFAS 142 effective January 1, 2001.  SFAS
142 requires companies to review annually or more frequently if impairment
indicators arise.  The Company does not expect the provisions of SFAS 141 and
SFAS 142 to have an impact on its financial position or results of operations.

ITEM 3

Controls and Procedures

a) Within the 90-day period prior to the date of this report, we carried out
an evaluation, under the supervision and with the participation of the
Company's management, including our Chief Executive Officer and Chief
Financial Officer, of the effectiveness of the design and operation of our
disclosure controls and procedures pursuant to Rule 13a-14 of the Securities
Exchange Act of 1934 (the "Exchange Act"). Based upon that evaluation, the
Chief Executive Officer and Chief Financial Officer concluded that our
disclosure controls and procedures are effective in timely alerting them to
material information relating to the Company (including its consolidated
subsidiaries) required to be included in our Exchange Act filings.

b) There have been no significant changes in our internal controls or in other
factors which could significantly affect internal controls subsequent to the
date we carried out our evaluation.

PART II.               OTHER INFORMATION
ITEM 1
Exhibits and Reports on Form 8-K.

(a) No Exhibits

ITEM 5
Other Information

Non-Audit Fees:

The Audit Committee of the Board Of Directors has approved the following
non-audit services, which are being performed by PricewaterhouseCoopers, our
independent accountants, during the calendar year ending December 31, 2002:

     - Income tax advisory services related to: income tax returns;
acquisitions; and formation and liquidation of foreign subsidiaries



SIGNATURES


Pursuant to the requirements of the Security Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                 WILLAMETTE VALLEY VINEYARDS, INC.




Date: November 14, 2002        By /s/ James W. Bernau
                                  James W. Bernau
                                  President


Date: November 14, 2002        By /s/ Sean M. Cary
                                  Sean M. Cary
                                  Controller


CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER
PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE
SARBANES-OXLEY ACT OF 2002

I, James W. Bernau, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly
Report of Willamette Valley Vineyards Inc. on Form 10-QSB for the quarterly
period ended September 30, 2002 fully complies with the requirements of
Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that
information contained in such 10-Q fairly presents in all material respects
the financial condition and results of operations of Willamette Valley
Vineyards Inc.

By:	 /s/ James W. Bernau
Name: James W. Bernau
Title:   Chief Executive Officer

I, Sean M. Cary, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly
Report of Willamette Valley Vineyards Inc. on Form 10-QSB for the quarterly
period ended September 30, 2002 fully complies with the requirements of
Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that
information contained in such 10-Q fairly presents in all material respects
the financial condition and results of operations of Willamette Valley
Vineyards Inc.

By:    /s/ Sean M. Cary
Name: Sean M. Cary
Title:   Chief Financial Officer

CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER
AS ADOPTED PURSUANT TO SECTION 302 (a) OF THE SARBANES-OXLEY ACT OF 2002

I, James W. Bernau, certify that:
1. I have reviewed this quarterly report on Form 10-QSB of Willamette Valley
Vineyards Incorporated.

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this quarterly report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this quarterly report is being
prepared;

b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

c) presented in this quarterly report our conclusions about the effectiveness
of the disclosure controls and procedures based on our evaluation as of the
Evaluation Date;

5. The registrant's other certifying officer and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls;
and

6. The registrant's other certifying officer and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of our most recent evaluation, including any
corrective actions with regard to significant deficiencies and material
weaknesses.

Date: November 14, 2002

/s/ James W. Bernau
    James W. Bernau
    Chief Executive Officer



I, Sean M. Cary, certify that:
1. I have reviewed this quarterly report on Form 10-QSB of Willamette Valley
Vineyards Incorporated.

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this quarterly report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this quarterly report is being
prepared;

b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

c) presented in this quarterly report our conclusions about the effectiveness
of the disclosure controls and procedures based on our evaluation as of the
Evaluation Date;

5. The registrant's other certifying officer and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls;
and

6. The registrant's other certifying officer and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: November 14, 2002

/s/ Sean M. Cary
    Sean M. Cary
    Chief Financial Officer