The Second Volleyball World Grand Champions Cup women's volleyball was held in Japan at 14 to 23 November 1997.

The competition formula of the 1997 Women's World Grand Champions Cup is the single Round-Robin system.

Each team plays once against each of the 5 remaining teams.

Points are accumulated during the whole tournament, and the final standing is determined by the total points gained.

Team Roster Yelena Vasilevskaya, Natalya Morozova, Yelena Batukhtina, Yelena Godina, Yevgeniya Artamonova, Olga Chukanova, Tatyana Gracheva, Elizaveta Tishchenko, Anastasiya Belikova, Natalya Safronova, Anna Artamonova, Irina Tebenikhina