Filed Pursuant To Rule 424(B)(3)
                                                  Registration No. 333-74274


                               SUPPLEMENTAL NO. 1
                       DATED APRIL 30, 2002 TO PROSPECTUS
                              DATED MARCH 15, 2002


         On April 25, 2002, the directors of Northwest Ethanol, LLC extended our
public offering of Units from April 30, 2002 until July 31, 2002, subject to
further extension in the discretion of our directors but in no event beyond
September 30, 2002. As of April 30, 2002, we have received approximately
$1,145,000 in subscription proceeds since beginning our offering in late March.

         Also since our public offering began, Ohio passed, without substantive
change, the pending legislation summarized in the Prospectus. That legislation:

         -        provides an Ohio income tax credit of 50% of an investment
                  in an ethanol plant up to a maximum credit of $5,000, subject
                  to limitations outlined in the Prospectus; and

         -        declares an entire ethanol plant to be an "air quality
                  facility" eligible for financing through the issuance of Ohio
                  Air Quality Development Authority ("OAQDA") bonds.

On April 9, 2002, the OAQDA adopted an inducement resolution, authorizing it to
enter into an inducement agreement with us, pursuant to which the OAQDA will
commit to provide our necessary bond financing subject to the successful sale of
its bonds. We believe a portion of any OAQDA bond offering may involve
tax-exempt bonds, and that the majority of OAQDA bonds would be taxable but
supported by a loan guarantee from the United States Department of Agriculture
(the "USDA"). Accordingly, we may or may not need the credit enhancement
provided by a letter of credit bank in order to make the taxable OAQDA bonds
marketable, and we are currently both (1) negotiating with several banks for a
binding written commitment or commitments to provide letter of credit support
or a construction loan on the most favorable available terms, and (2)
soliciting investment banks to serve as underwriter(s) for an OAQDA bond
offering without letter of credit support.

         Once we have at least $12 million in escrow from our public offering of
Units, and a binding written commitment or commitments for sufficient debt
financing which, when added to our escrowed offering proceeds, totals at least
$42 million, we will break escrow and begin construction as promptly as
practicable. We hope to begin construction by the fall of 2002, and to begin
operating our ethanol plant by late 2003 - early 2004.

         By May 15, 2002, we will file a Form 10-QSB Quarterly Report with the
Securities and Exchange Commission which will include our unaudited balance
sheet at March 31, 2002 and our unaudited statements of operations, changes in
members' equity and cash flows from inception through March 31, 2002. Our Form
10-QSB will then be available free of charge on our website at
www.northwestethanol.com.




                  WARNING REGARDING FORWARD-LOOKING STATEMENTS

         This Supplement contains forward-looking statements involving our
future performance, our expected future operations and other events, demands,
commitments and uncertainties. In many cases you can identify forward-looking
statements by the use of words such as "may," "will," "should," "anticipates,"
"believes," "expects," "plans," "future," "intends," "could," "estimate,"
"predict," "hope," "potential," "continue," or the negatives of these terms or
other similar expressions. These forward-looking statements are based on
management's beliefs and expectations and on information currently available to
management, and involve numerous assumptions, risks and uncertainties. Actual
results may differ materially for many reasons, including but not limited to:
the uncertain terms of our eventual debt financing; possible inability to
service our debt; possible need for additional capital; dependence upon our
design engineer and its business partners; risks related to our status as a
start-up enterprise and anticipated losses; our dependence on hiring and
retaining qualified personnel; lack of diversification of revenue sources;
possible price competition; price sensitivity and hedging transactions; and
risks related to changes in industry and environmental regulation. We are under
no duty to update any of these forward-looking statements after the date of this
Supplement to conform them to actual results or to changes in our expectations.
We caution you not to put undue reliance on any forward-looking statements.