
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                          ----------------------------


                                    FORM 11-K


                                  Annual Report
                        Pursuant to Section 15(d) of the
                         Securities Exchange Act of 1934

(Mark One):

(X)      Annual Report pursuant to Section 15(d) of the Securities Exchange Act
         of 1934 (No Fee Required) for the fiscal year ended December 31, 2001

                                       OR

( )      Transition Report pursuant to Section 15(d) of the Securities Exchange
         Act of 1934 (No Fee Required)

         For the transition period from _____ to _____


         Commission file Number 1-11806

     A.  Full title of plan and the address of plan, if  different  from that of
the issuer named below:

                THE ETHAN ALLEN RETIREMENT SAVINGS PLAN

     B.  Name of  issuer  of the  securities held  pursuant  to the plan and the
address of its principal  office:

                ETHAN ALLEN INTERIORS INC.
                ETHAN ALLEN DRIVE
                DANBURY, CT  06811
<PAGE>



                                 THE ETHAN ALLEN
                             RETIREMENT SAVINGS PLAN


                 Financial Statements and Supplemental Schedule

                           December 31, 2001 and 2000

                   (With Independent Auditors' Report Thereon)




<PAGE>


                                 THE ETHAN ALLEN
                             RETIREMENT SAVINGS PLAN



                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                    Page
                                                                                                    ----
<S>                                                                                                  <C>

Independent Auditors' Report                                                                          1

Statements of Net Assets Available for Plan Benefits, December 31, 2001 and 2000                      2

Statement of Changes in Net Assets Available for Plan Benefits, Year ended December 31, 2001          3

Notes to Financial Statements                                                                         4


SCHEDULE:

Schedule of Assets Held for Investment Purposes at End of Year                                       11



All other schedules have been omitted since they are not applicable.
</TABLE>



<PAGE>




                          INDEPENDENT AUDITORS' REPORT



Ethan Allen Retirement Committee and Participants
The Ethan Allen Retirement Savings Plan:


We have audited the  accompanying  statements  of net assets  available for plan
benefits of The Ethan Allen  Retirement  Savings  Plan (the Plan) as of December
31, 2001 and 2000, and the related  statement of changes in net assets available
for  plan  benefits  for the year  ended  December  31,  2001.  These  financial
statements are the responsibility of the Plan's  management.  Our responsibility
is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the  United  States of  America.  Those  standards  require  that we plan and
perform the audit to obtain  reasonable  assurance  about  whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test basis,  evidence  supporting  the amounts and  disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made by  management,  as well as evaluating  the overall
financial  statement  presentation.   We  believe  that  our  audits  provide  a
reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects, the net assets available for plan benefits as of December
31, 2001 and 2000 and the changes in net assets  available  for plan benefits of
the plan for the year ended  December  31, 2001 in  conformity  with  accounting
principles generally accepted in the United States of America.

Our audits  were  performed  for the  purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental  schedule of assets held
for investment purposes at end of year, as of December 31, 2001 is presented for
purposes  of  additional  analysis  and  is not a  required  part  of the  basic
financial statements but is supplementary information required by the Department
of Labor's Rules and Regulations for Reporting and Disclosure under the Employee
Retirement  Income  Security  Act of 1974.  This  supplemental  schedule  is the
responsibility  of the Plan's  management.  The  supplemental  schedule has been
subjected  to the  auditing  procedures  applied  in  the  audits  of the  basic
financial  statements  and, in our  opinion,  is fairly  stated in all  material
respects in relation to the basic financial statements taken as a whole.




/s/  KPMG LLP


June 20, 2002
Stamford, Connecticut




<PAGE>

                                 THE ETHAN ALLEN
                             RETIREMENT SAVINGS PLAN

              Statements of Net Assets Available for Plan Benefits
                           December 31, 2001 and 2000


                                                        2001           2000
                                                    ------------   ------------
Assets:
     Investments, at fair value                     $136,333,117   $137,114,591
     Participant loans                                 5,207,058      5,020,839
                                                    ------------   ------------
          Total investments                          141,540,175    142,135,430

     Employer contributions receivable                 4,362,130      4,333,180
     Employee contributions receivable                   449,572        208,317
                                                    ------------   ------------
          Total assets                               146,351,877    146,676,927

Liabilities:
     Refunds payable for excess contributions             49,878         22,805
                                                    ------------   ------------
          Net assets available for plan benefits    $146,301,999   $146,654,122
                                                    ============   ============




See accompanying notes to financial statements.




                                        2

<PAGE>


                                 THE ETHAN ALLEN
                             RETIREMENT SAVINGS PLAN

         Statement of Changes in Net Assets Available for Plan Benefits
                          Year ended December 31, 2001



Additions to net assets:
     Net depreciation in fair value of investments               $  (8,660,214)
     Interest income                                                   453,456
     Dividend income                                                 1,990,298
                                                                 --------------
                 Net investment loss                                (6,216,460)
                                                                 --------------
     Contributions:
        Employer contributions                                       4,514,910
        Employee contributions                                      13,686,421
                                                                 --------------
                 Total contributions                                18,201,331
                                                                 --------------
        Transfer in of Carriage House 401(k)                           313,817
                                                                 --------------
                 Total additions                                    12,298,688
                                                                 --------------
Deductions from net assets:
     Distributions to participants                                  12,598,172)
     Administrative expenses                                           (52,639)
                                                                 --------------
                 Total deductions                                  (12,650,811)
                                                                 --------------
                 Net decrease                                         (352,123)
Net assets available for plan benefits:
     Beginning of year                                             146,654,122
                                                                 --------------
     End of year                                                 $ 146,301,999
                                                                 ==============


See accompanying notes to financial statements.



                                        3

<PAGE>

                                 THE ETHAN ALLEN
                             RETIREMENT SAVINGS PLAN

                          Notes to Financial Statements

                           December 31, 2001 and 2000



(1)   PLAN DESCRIPTION

      The  Ethan  Allen  Retirement   Savings  Plan  (the  Plan)  is  a  defined
      contribution  savings  plan  sponsored  and  administered  by Ethan  Allen
      Interiors Inc. (the Company).

      The  following  brief  description  is provided  for  general  information
      purposes only.  Participants  should refer to the Plan Document for a more
      complete description of the Plan's provisions.

      GENERAL

      The Plan was  formed  effective  July 1, 1994  through  the  merger of the
      Retirement  Program of Ethan Allen Inc. (the Retirement  Program) into the
      Ethan Allen 401(k) Employee Savings Plan (the 401(k) Plan). As a result of
      the merger on July 1, 1994, all participant  investments in the Retirement
      Program (except for the Ethan Allen Interiors Inc.  restricted stock which
      was   transferred   directly)  were   liquidated  and  the  proceeds  were
      transferred to the Plan, allocated to participants' accounts and invested,
      as directed, by each participant. On January 1, 1999, the name of the Plan
      was changed from The Ethan Allen Profit Sharing and 401(k) Retirement Plan
      to The Ethan Allen Retirement Savings Plan.

      The Plan is offered to all  employees  who have  completed  at least three
      consecutive months of service with the Company. Effective January 1, 2001,
      the Plan was amended  and  restated.  The  amendments  included  extending
      eligibility to the employees of the newly acquired Dublin facility and the
      merger of the  Carriage  House  401(k) plan  relating  to the  purchase of
      retail stores in Wisconsin.  The Plan is subject to the  provisions of the
      Employee Retirement Income Security Act of 1974 (ERISA).

      CONTRIBUTIONS AND VESTING

     Participants  may  contribute  from  1% to 20% of  their  compensation  (as
     defined in the Plan) up to a maximum tax deferred  contribution  of $10,500
     in 2001 and 2000 to the 401(k)  portion of the Plan.  Effective  January 1,
     2002,  participants may contribute from 1% to 100% of their compensation up
     to the  maximum  allowable  contribution.  Effective  January 1, 2000,  the
     Company   matches   $1.00  for  $1.00  on  the  first  $500  of  before-tax
     contributions and then $0.50 on the $1.00 up to a $1,000. The Company match
     follows  the  participants'  investment  choices as of the date  paid.  The
     maximum Company match is $1,000  annually.  Participants  may, in addition,
     contribute  amounts  in  excess of their tax  deferred  contribution  on an
     after-tax  basis  in the  amount  of 1% to 20% of their  compensation.  The
     participant's tax-deferred contribution and after-tax contribution,  in the
     aggregate, may not exceed 20% of their compensation.

      Employer contributions,  if any, to the profit sharing portion of the Plan
      on behalf of each  participant are determined by the board of directors of
      the Company at the close of each fiscal year,  although the maximum amount
      that can be  contributed  to a  participant's  account  in any year is the
      lesser of (i) $35,000  (or, if greater,  25% of the dollar  limitation  in
      effect under Section  415(b)(1)(A)  of the Internal  Revenue Code) or (ii)
      25% of the participant's  compensation for that Plan year,  reduced by any
      other  contributions  on the  participant's  behalf to any  other  defined
      contribution  plans of the Company.  The actual  contribution,  if any, is
      made  in  the  ensuing  year.  The  Company  declared  no  profit  sharing
      contributions for the Plan in 2001 and 2000.



                                       4                             (Continued)
<PAGE>

                                 THE ETHAN ALLEN
                             RETIREMENT SAVINGS PLAN

                          Notes to Financial Statements

                           December 31, 2001 and 2000


      Participants  who are  employed by the Company on the last day of the Plan
      year are entitled to receive the employer match contributions. Participant
      contributions,   employer   401(k)   contributions   and  profit   sharing
      contributions are 100% vested immediately.

      During  2001  and  2000,  certain  participants  contributed  $49,878  and
      $22,805,  respectively, in excess of the allowable qualified contribution.
      The excess  contribution  amounts are  reflected  as a Plan  liability  at
      December 31, 2001 and 2000. The excess  contributions were refunded in the
      subsequent year within the penalty free deadline.

      INVESTMENT OF FUNDS

      During 2001 and 2000, the amounts contributed to the Plan were invested in
      one of the following funds at the direction of the  participants.  A brief
      description of the funds is as follows:

            AMERICAN  CENTURY STABLE ASSET FUND -- The Stable Asset Fund invests
            in a diversified  portfolio of  high-quality  investments  issued by
            major  financial  institutions  and in  collateralized  stable value
            vehicles,  including guaranteed  investment  contracts.  The fund is
            managed by SEI Trust Company and Dwight Asset Management Company.

            AMERICAN  CENTURY SELECT INVESTORS FUND -- The Select Investors Fund
            invests  in common  stocks  considered  by fund  managers  to have a
            better than average prospect for appreciation.

            AMERICAN  CENTURY ULTRA INVESTORS  FUND -- The Ultra  Investors Fund
            invests in medium to large-sized  companies  that show  accelerating
            growth and earnings.

            AMERICAN  CENTURY  INTERNATIONAL EQUITY  FUND --  The International
            Equity Fund invests in common stocks of foreign companies considered
            to have better than average prospects for appreciation.

            ETHAN ALLEN  RESTRICTED/UNRESTRICTED  STOCK FUNDS -- At December 31,
            2001 and 2000,  the Plan held  397,435  and  440,298,  respectively,
            restricted  shares of common stock of the  Company,  and 329,328 and
            373,540, respectively, of unrestricted shares of common stock of the
            Company. All of the restricted shares are subject to proxies granted
            to Mr. Kathwari,  the Chairman of the board of directors,  President
            and Chief  Executive  Officer of the  Company,  which  expire on the
            earlier of Mr. Kathwari's termination of employment with the Company
            or March 22, 2003, and 360,871 of these shares are  restricted  from
            being sold by the Plan,  other than to the  Company,  in  accordance
            with applicable  securities laws. During 2001, the Company purchased
            approximately  40,834  of  restricted  shares  at a market  value of
            approximately $1,427,819.  Additionally,  the Ethan Allen Restricted
            Stock Fund restricts  participants from transferring  their balances
            from this  fund to other  funds of the  Plan.  No such  restrictions
            exist on investments in the Ethan Allen Unrestricted Stock Fund.

            Ethan Allen Interiors Inc. common stock is publicly traded and had a
            readily ascertainable market value of $40.68 and $33.50 per share at
            December 31, 2001 and 2000, respectively.


                                        5                            (Continued)
<PAGE>


                                 THE ETHAN ALLEN
                             RETIREMENT SAVINGS PLAN

                          Notes to Financial Statements

                           December 31, 2001 and 2000



            LORD ABBOTT DEVELOPING  GROWTH  FUND -- The Lord  Abbott  Developing
            Growth Fund  invests in a  diversified  portfolio  of small  company
            stocks with long-range growth potential.

            AMERICAN  CENTURY  STRATEGIC  ALLOCATION CONSERVATIVE  FUND  --  The
            Strategic  Allocation  Conservative  Fund  invests in a  diversified
            portfolio  of  stocks,  bonds and money  market  securities  with an
            emphasis on quality bonds and money market  securities  over stocks.
            The Fund's targeted mix of assets is 45% bonds, 40% stocks,  and 15%
            money market securities.

            AMERICAN CENTURY STRATEGIC ALLOCATION MODERATE FUND -- The Strategic
            Allocation  Moderate  Fund  invests in a  diversified  portfolio  of
            stocks, bonds, and money market securities.  The Fund's targeted mix
            of assets is 60% stocks, 30% bonds, and 10% money market securities.

            AMERICAN  CENTURY  STRATEGIC  ALLOCATION   AGGRESSIVE  FUND  --  The
            Strategic  Allocation  Aggressive  Fund  invests  in  a  diversified
            portfolio of stocks, bonds, and money market securities.  The Fund's
            targeted mix of assets is 75% stocks, 20% bonds, and 5% money market
            securities.

            CHARLES SCHWAB  PERSONAL CHOICE(R) RETIREMENT FUND  --  The Personal
            Choice(R)  Retirement  Fund allows the  investor to purchase  mutual
            funds,  stocks, and bonds offered through Charles Schwab & Co., Inc.
            Participants  must  transfer a minimum of $2,500 from their  current
            plan balance to elect this option. Participants may transfer up to a
            maximum of 50% of their fully vested balance. This fund was replaced
            during the year with the American Century Brokerage Fund.

            AMERICAN  CENTURY VISTA  INVESTORS FUND -- The Vista  Investors Fund
            invests in common stocks of growing small- to medium-sized companies
            considered to have better than average prospects for appreciation.

            AMERICAN  CENTURY VALUE FUND -- The Value Fund invests  primarily in
            equity  securities of well  established  companies that appear to be
            undervalued at the time of purchase.

            AMERICAN  CENTURY  BROKERAGE FUND --  The fund  allows  investors to
            purchase mutual funds,  stocks,  and bonds offered through  American
            Century.  This fund replaced the Schwab  Personal  Choice  Brokerage
            Service offered in 2000.

      LOANS

     The Loan Fund is a noncontributory  fund used to account for and administer
     loans to  participants.  Each participant may apply to JP Morgan / American
     Century,  the  recordkeeper,  for a loan against the 401(k) portion of that
     participant's  account.  The  maximum  amount  which may be borrowed by the
     participant  is  limited  to the  lesser of (a)  $50,000  or (b) 50% of the
     401(k) portion of such participant's  account at the time of such loan. The
     term of these loans generally shall not exceed the earlier of five years or
     such participant's  termination of service,  and in certain  circumstances,
     greater than five years as defined in the Plan document.

      Loans are processed by the recordkeeper  upon approval of the application.
      The plan administrator has determined that loans shall bear interest equal
      to the Prime  Rate as of the  preceding  month's  close plus 1%. The Prime
      Rate  during  2001 and  2000  ranged  from  6.0% to 9.5% and 8.5% to 9.5%,
      respectively.


                                       6                             (Continued)
<PAGE>


                                 THE ETHAN ALLEN
                             RETIREMENT SAVINGS PLAN

                          Notes to Financial Statements

                           December 31, 2001 and 2000


      PARTICIPANTS' ACCOUNTS

      A separate  account is maintained  for each  participant.  Net  investment
      income/(loss)  is  allocated  daily  to each  participant's  account  on a
      proportional  basis  according  to account  balances so that each  account
      bears its proportionate  share of income or loss.  Employer profit sharing
      contributions   are   allocated   to  each   participant   based  on  each
      participant's  compensation  to  total  compensation  of all  participants
      during the year.  In 2001 and 2000,  administrative  expenses,  other than
      certain transaction fees borne by the participants,  were paid by the Plan
      sponsor.

      DISTRIBUTIONS AND WITHDRAWALS

      Participants  may elect to receive their  benefits when they reach 59-1/2,
      or when they leave the Company.  The Plan also provides  death benefits to
      the  designated  beneficiary  of eligible  participants.  An employee  may
      withdraw any or all of his after-tax  401(k)  contribution and participant
      rollover  contributions  at any time;  early  withdrawal of before-tax and
      Company match 401(k)  contributions may only be made by a participant upon
      attaining  the age of 59-1/2 or  because of  serious  financial  hardship,
      subject to  limitations.  Distributions  are usually made in cash. If your
      account  includes  shares of Company  stock,  a  participant  can elect to
      receive a distribution in cash or stock.

      In no event shall  distributions  commence later than sixty days after the
      close of the Plan year in which the latest of the following events occurs:
      the participant's  attainment of age 59-1/2;  the tenth anniversary of the
      date on which the  participant  began  participating  in the Plan;  or the
      participant's   termination   date.  These   provisions   notwithstanding,
      participants   who  are  no  longer   active   employees   must   commence
      distributions from the Plan within a year of attaining the age of 70-1/2.


(2)   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

      BASIS OF PRESENTATION

      The  accompanying  financial  statements have been prepared on the accrual
      basis of accounting.

      VALUATION OF INVESTMENTS HELD IN TRUST

      Under the terms of a trust  agreement  between Chase  Manhattan Bank, N.A.
      (the  Trustee) and the Company,  the Trustee  administers  a trust fund on
      behalf of the Plan. The value of the  investments  and changes  therein of
      this trust have been  reported to the Plan by the Trustee,  as  determined
      through  the use of  quoted  market  prices,  except  for  the  guaranteed
      investment   contracts,   which  are  valued  at  contract  value,   which
      approximates fair value.  These contracts are fully benefit responsive and
      are credited with actual  earnings on the underlying  investments  and are
      charged for plan  withdrawals and  administration  expenses charged by the
      issuer of the  respective  contracts.  There are no  reserves  against the
      contract  value for credit risk of the contract  issuer or otherwise.  The
      crediting  interest  rates ranged from 5.96% to 7.00% for 2001.  Purchases
      and sales of securities are recorded on a trade-date basis.

      Loans to  participants  are valued at face value which  approximates  fair
      value.



                                       7                             (Continued)
<PAGE>


                                 THE ETHAN ALLEN
                             RETIREMENT SAVINGS PLAN

                          Notes to Financial Statements

                           December 31, 2001 and 2000



      NEW ACCOUNTING PRONOUNCEMENTS

      In June 1998, the Financial Accounting Standards Board issued Statement of
      Financial Accounting Standard 133, "Accounting for Derivative  Instruments
      and Hedging  Activities"  ("SFAS"  133).  SFAS 133 requires that an entity
      recognize all derivatives as either assets or liabilities in the Statement
      of Net Assets Available for Plan Benefits and measure those instruments at
      fair value.  The Plan adopted SFAS 133 in 2001 and the resulting  adoption
      did not have a material impact on the Plan financial statements.


(3)   INVESTMENTS

      The following table presents the Plan's  investments which represent 5% or
      more of the Plan's net assets  available for plan benefits at December 31,
      2001 and 2000:
<TABLE>
<CAPTION>

                                                                                    2001            2000
                                                                                ------------    -------------
     <S>                                                                        <C>             <C>
      Investments at fair value as determined by quoted market price:
          Mutual funds:
            American Century Select Investors Fund                              $ 23,499,182    $ 28,290,478
            American Century Ultra Investors Fund                                 23,393,481      25,428,442
            American Century International Equity Fund                             6,140,421       7,701,135
            American Century Strategic Allocation Moderate Fund                   10,218,458       9,447,321

          Common stock:
            Ethan Allen Interiors Inc. - Restricted                               16,546,306      14,795,821
            Ethan Allen Interiors Inc. - Unrestricted                             13,709,262      12,518,501

          Collective trust:
            American Century Stable Asset Fund                                    23,984,724      20,834,695
</TABLE>


(4)   USE OF ESTIMATES

      The  preparation  of financial  statements in conformity  with  accounting
      principles  generally  accepted in the United  States of America  requires
      management  to make  estimates  and  assumptions  that affect the reported
      amounts of assets,  liabilities,  and changes  therein,  and disclosure of
      contingent  assets and  liabilities.  Actual results may differ from those
      estimates.


(5)   OBLIGATION FOR PLAN BENEFITS

      Although  the Plan is intended  to be  permanent,  the  Company  expressly
      reserves  the right to amend or  terminate  the Plan at any  time.  In the
      event that the Plan is  terminated,  participants  are entitled to 100% of
      the current value of their vested account.


(6)   PARTIES-IN-INTEREST

      Certain  Plan  investments  are  shares of mutual  funds  managed  by J.P.
      Morgan/   American   Century.   J.P.   Morgan/  American  Century  is  the
      recordkeeper  as defined by the Plan,  therefore,  transactions  involving
      these mutual funds qualify as party-in-interest transactions. Fees paid by
      the Plan for the investment management service amounted to $44,638 for the
      year ended December 31, 2001.


                                       8                             (Continued)
<PAGE>


                                 THE ETHAN ALLEN
                             RETIREMENT SAVINGS PLAN

                          Notes to Financial Statements

                           December 31, 2001 and 2000



(7)   PLAN TERMINATION

      Although  it has not  expressed  any intent to do so, the  Company has the
      right under the Plan to discontinue its  contributions  at any time and to
      terminate the Plan subject to the provisions of ERISA.


(8)   TAX STATUS

      The Company has received a determination  letter from the Internal Revenue
      Service dated May 21, 2002 stating that the Plan is a qualified plan under
      Section 401(a) of the Internal Revenue Code and the corresponding trust is
      exempt from income tax under Section 501(a) of the Internal  Revenue Code.
      The  Plan has been  amended  since  receiving  the  determination  letter.
      However, the Company and legal counsel believes that the Plan continues to
      be administered in accordance with the applicable sections of the Internal
      Revenue Code.


(9)   RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500

      Net  assets  available  for  plan  benefits  identified  in the  financial
      statements presented herein have not been reduced for participant benefits
      payable  of  $279,531   and  $189,371  at  December  31,  2001  and  2000,
      respectively.  However,  these amounts have been identified as a reduction
      to net assets  available  for plan  benefits  in the Form 5500 to be filed
      with the Internal Revenue Service.

      The  following  is a  reconciliation  of net  assets  available  for  plan
      benefits reported in these financial statements and on the Form 5500:

<TABLE>
<CAPTION>
                                                                                            DECEMBER 31
                                                                                ----------------------------------
                                                                                     2001               2000
                                                                                --------------      --------------
      <S>                                                                       <C>                    <C>

      Net assets available for plan benefits per the financial statements       $ 146,301,999       $ 146,654,122
      Benefits payable to participants                                               (279,531)           (189,371)
                                                                                --------------      --------------

      Net assets available for plan benefits per the Form 5500                  $ 146,022,468       $ 146,464,751
                                                                                ==============      =============
</TABLE>



                                       9                             (Continued)
<PAGE>


                                 THE ETHAN ALLEN
                             RETIREMENT SAVINGS PLAN

                          Notes to Financial Statements

                           December 31, 2001 and 2000



      The  following  is a  reconciliation  of  benefits  paid  to  participants
      reported in these financial statements and on the Form 5500:

<TABLE>
<CAPTION>
                                                                                 YEAR ENDED
                                                                                 DECEMBER 31,
                                                                                    2001
                                                                                -------------
           <S>                                                                  <C>

            Benefits paid to participants per the financial statements          $ 12,598,172
            Add benefits payable to participants at year-end                         279,531
            Less benefits payable to participants at previous year-end              (189,371)
                                                                                -------------

            Benefits paid to participants per the Form 5500                     $ 12,688,332
                                                                                =============
</TABLE>


      Benefits payable to participants are recorded on the Form 5500 for benefit
      claims that have been processed and approved for payment prior to the Plan
      year-end, but not yet paid as of that date.


(10)  SUBSEQUENT EVENTS

      Effective  as of  January  1,  2002,  the Plan  increased  its  limits for
      participant  after-tax  contributions  from  20%  to  100%.  In  addition,
      effective April 1, 2002, the trading restrictions  relating to the portion
      of Company profit sharing contributions invested in Ethan Allen Restricted
      stock were lifted.

      On April 30, 2002,  the Company  announced it will close its Randolph,  VT
      manufacturing facility, employing approximately 154 employees. The Company
      will also close the lumber operations at its Orleans,  VT facility,  which
      will reduce the number of employees by 69 from the current  employee  base
      of 501.


                                       10

<PAGE>


                                 THE ETHAN ALLEN
                             RETIREMENT SAVINGS PLAN
         Schedule of Assets Held for Investment Purposes at End of Year
                                December 31, 2001

<TABLE>
<CAPTION>


              IDENTITY OF ISSUE, BORROWER,                   DESCRIPTION OF INVESTMENT INCLUDING MATURITY DATE,
                LESSOR, OR SIMILAR PARTY                    RATE OF INTEREST, COLLATERAL, PAR, OR MATURITY VALUE    CURRENT VALUE
--------------------------------------------------------    ----------------------------------------------------    -------------
<S>                                                         <C>                                                     <C>

*American Century Stable Asset Fund                          Collective Trust                                       $  23,984,724
*American Century Select Investors Fund                      Mutual fund                                               23,499,182
*American Century Ultra Investors Fund                       Mutual fund                                               23,393,481
*American Century International Equity Fund                  Mutual fund                                                6,140,421
*Ethan Allen Interiors Inc.                                  Restricted Common Stock                                   16,546,306
*Ethan Allen Interiors Inc.                                  Unrestricted Common Stock                                 13,709,262
*American Century Strategic Allocation Conservative Fund     Mutual fund                                                2,313,372
*American Century Strategic Allocation Moderate Fund         Mutual fund                                               10,218,458
*American Century Strategic Allocation Aggressive Fund       Mutual fund                                                4,272,796
*American Century Vista Investors Fund                       Mutual fund                                                5,246,784
*American Century Value Fund                                 Mutual fund                                                5,225,986
Lord Abbott Fund Developing Growth Fund                      Mutual fund                                                  684,994
*American Century Brokerage Fund                             Mutual fund                                                1,097,351
*Participant loans                                           Loans made to Plan participants at
                                                                prime plus 1% (6.0%-9.5%)                               5,207,058
                                                                                                                    -------------
                 Total investments                                                                                  $ 141,540,175
                                                                                                                    =============


* Denotes a party-in-interest to the Plan.
</TABLE>




See accompanying independent auditors' report.






                                       11
<PAGE>



                                   SIGNATURES

         THE PLAN.  Pursuant to the requirements of the Securities  Exchange Act
of 1934, Ethan Allen Interiors, Inc., as administrator of the Retirement Program
of Ethan  Allen Inc.,  has duly  caused  this annual  report to be signed on its
behalf by the undersigned thereunto duly authorized.

                                         THE ETHAN ALLEN RETIREMENT SAVINGS PLAN



                                         By:  Ethan Allen Interiors Inc.


Date: June 27, 2002                      By:  /s/ Edward D. Teplitz
                                           --------------------------------
                                           Name:  Edward D. Teplitz
                                           Title: Vice President, Finance






