No it's not kiddie porn, but rather a superior example of the many hardcore films made in the '70s titillating the viewer with young female leads portraying even younger characters. The ebullient Katrina Rexford in the title role of VALERIE is definitely possessed of a post-teen body, but her acting keeps up the desired illusion.
Filmmaker Steve Brown/Rick Beaty, whose Abigail Clayton vehicle DIXIE is still quite fondly remembered (and in circulation), emphasizes comedy here, but with Rexford's help still delivers the requisite sex tease/fulfillment. Episodic format works very well: Valerie is a 15-year-old in need of a foster home. Every time she is placed, matters get messed up comically -CUT to Valerie back at the facility, looking forlorn like a puppy awaiting a new owner.
Her first mishap is placement with the Fettuccini family, where daddy is having sex with her predecessor, a busty 17-year-old blonde named Maggie. Maggie is a bad influence on Valerie, teaching her how to use an immense dildo, and when mom catches Valerie masturbating with it, it's back to the foundling home.
Next sequence has her adopted by Mrs. Kelly, and attending a birthday party with other young girls, entertained by a professional clown. This is a bizarre segment, as the clown is mighty weird, doing Tricky Dick Nixon and John Wayne impressions (!) prior to a game of hide & seek where Valerie wins and gets deflowered by said clown. Mrs. Kelly catches them, and that's it for Val.
Her next home is with a golddigger who wants her to help take care of her 76-year-old husband, wheelchair bound. This is even more tasteless than the clown episode, as the horny old guy plus 15-year-old girl formula is definitely non-p.c. He finally gets Val to strip for him, cueing a predictable heart attack (but he's a pauper so wifey is not too thrilled at this conclusion after all).
Finally the Fettuccinis give Val one last try after Maggie's flown the coop, with predictable results.
Thanks to Rexford's killer body and clever direction, plus more enthusiastic acting than usual in porn, VALERIE is a winner.