<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 12/31/98 BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <CIK> 0000742685 <NAME> THE CHALONE WINE GROUP, LTD. <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1999 <PERIOD-START> OCT-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 2,913 <SECURITIES> 0 <RECEIVABLES> 8,597 <ALLOWANCES> 79 <INVENTORY> 41,063 <CURRENT-ASSETS> 55,144 <PP&E> 33,573 <DEPRECIATION> 2,139 <TOTAL-ASSETS> 107,283 <CURRENT-LIABILITIES> 33,115 <BONDS> 8,500 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 48,968 <OTHER-SE> 6,606 <TOTAL-LIABILITY-AND-EQUITY> 107,283 <SALES> 12,573 <TOTAL-REVENUES> 12,803 <CGS> 6,565 <TOTAL-COSTS> 9,268 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 9 <INTEREST-EXPENSE> 439 <INCOME-PRETAX> 2,288 <INCOME-TAX> 936 <INCOME-CONTINUING> 1,352 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,352 <EPS-PRIMARY> 0.16 <EPS-DILUTED> 0.16