24 of Part II of Vaterländischer Künstlerverein, a collection of variations by 50 composers.
All the variations were based on a waltz composed by Anton Diabelli, who also published the work.
Liszt was virtually unknown at the time of publishing and he was listed as "Franz Liszt (Knabe von 11 Jahren) geboren in Ungarn" (11-year-old boy, born in Hungary).
The variation is written in C minor, in 24 time, in the form of an étude.
It keeps to the original theme, "in a flowing style of chord passages in an abundance of notes but without any lofty sentiment" in the words of Liszt's biographer Lina Ramann.