UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~November~~ 13January 6, ~~2003~~2004

NATIONAL WINE & SPIRITS, INC.

(Exact name of registrant as specified in its charter)

Indiana		333-74589		35-2064429
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. ~~Employer~~EmployerIdentification ~~Identification~~ No.)

700 West Morris Street, P.O. Box 1602

Indianapolis, Indiana

46206

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (317) 636-6092

Item 5. Other Events

On January 6, 2004, National Wine & Spirits, Inc. (the “Company”) issued a press release announcing that the Company had modified certain terms of the strategic partnership between the Company and Glazer’s Wholesale Drug Company (“Glazer”) related to the Company’s operations in the State of Illinois.

While Glazer and the Company formerly shared profits and losses of the Illinois wine and spirits distribution business equally, under the new terms of the alliance, Glazer has committed to fund eighty percent (80%) of operating losses and receive eighty percent (80%) of operating profits effective as of December 1, 2003. The Company will fund twenty percent (20%) of any such losses and receive twenty percent (20%) of any such profits. Day-to day management of the Illinois business will now be the responsibility of Glazer, subject to certain rights and protective provisions in favor of the Company. Under the new terms of the alliance, ownership of the Illinois operation or the Company’s Illinois operating assets has not changed, and neither party has the present right to buy or cause the sale of the other party’s interest in the alliance or the Company’s Illinois operating assets. However, at any time after July 31, 2004, if certain conditions are met, Glazer may purchase the Company’s Illinois assets for a purchase price based upon 80% of the then current net assets of the Company’s Illinois operating company and a 20% equity interest in the successor Illinois organization.

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 7. Financial Statements and Exhibits.

(The following exhibits are filed as a) ~~None.~~part of this report:

~~(b)~~99.1 Press ~~None~~Release dated January 6, 2004.

~~(c)~~2 ~~Exhibits~~

99.1 Press Release dated November 13, 2003

Item 12. Results of Operations and Financial Condition.

On November 13, 2003, National Wine & Spirits, Inc. (the “Company”) issued the press release attached as Exhibit 99.1 to this report. The press release is incorporated herein by reference.

The information in this report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		NATIONAL WINE & SPIRITS, INC. (Registrant)
Date: November 13, 2003		By:	/s/ James E. LaCrosse
Date: January 6, 2004	By:	/S/ JAMES E. LACROSSE James E. LaCrosse Chairman, President, Chief Executive Officer and Chief Financial Officer
			James E. LaCrosse Chairman, President, Chief Executive Officer and Chief Financial Officer

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