diff --git a/README.md b/README.md
index 946df58f3..81a549378 100644
--- a/README.md
+++ b/README.md
@@ -139,6 +139,7 @@ The majority of scripts is licensed under ASL 2.0 (including codes from Diffuser
 
 ### Working in progress
 
+- `--v_parameterization` is available in `sdxl_train.py`. The results are unpredictable, so use with caution. PR [#1505](https://github.com/kohya-ss/sd-scripts/pull/1505) Thanks to liesened!
 - Fused optimizer is available for SDXL training. PR [#1259](https://github.com/kohya-ss/sd-scripts/pull/1259) Thanks to 2kpr!
   - The memory usage during training is significantly reduced by integrating the optimizer's backward pass with step. The training results are the same as before, but if you have plenty of memory, the speed will be slower.
   - Specify the `--fused_backward_pass` option in `sdxl_train.py`. At this time, only AdaFactor is supported. Gradient accumulation is not available.
diff --git a/networks/lora.py b/networks/lora.py
index d1ce052a7..45d6831fd 100644
--- a/networks/lora.py
+++ b/networks/lora.py
@@ -815,7 +815,8 @@ def create_network_from_weights(multiplier, file, vae, text_encoder, unet, weigh
             weights_sd = torch.load(file, map_location="cpu")
 
     # if keys are Diffusers based, convert to SAI based
-    convert_diffusers_to_sai_if_needed(weights_sd)
+    if is_sdxl:
+        convert_diffusers_to_sai_if_needed(weights_sd)
 
     # get dim/alpha mapping
     modules_dim = {}
@@ -840,7 +841,13 @@ def create_network_from_weights(multiplier, file, vae, text_encoder, unet, weigh
     module_class = LoRAInfModule if for_inference else LoRAModule
 
     network = LoRANetwork(
-        text_encoder, unet, multiplier=multiplier, modules_dim=modules_dim, modules_alpha=modules_alpha, module_class=module_class
+        text_encoder,
+        unet,
+        multiplier=multiplier,
+        modules_dim=modules_dim,
+        modules_alpha=modules_alpha,
+        module_class=module_class,
+        is_sdxl=is_sdxl,
     )
 
     # block lr
diff --git a/sdxl_train.py b/sdxl_train.py
index ae92d6a3d..e0a8f2b2e 100644
--- a/sdxl_train.py
+++ b/sdxl_train.py
@@ -702,7 +702,11 @@ def optimizer_hook(parameter: torch.Tensor):
                 with accelerator.autocast():
                     noise_pred = unet(noisy_latents, timesteps, text_embedding, vector_embedding)
 
-                target = noise
+                if args.v_parameterization:
+                    # v-parameterization training
+                    target = noise_scheduler.get_velocity(latents, noise, timesteps)
+                else:
+                    target = noise
 
                 if (
                     args.min_snr_gamma
@@ -720,7 +724,7 @@ def optimizer_hook(parameter: torch.Tensor):
                     loss = loss.mean([1, 2, 3])
 
                     if args.min_snr_gamma:
-                        loss = apply_snr_weight(loss, timesteps, noise_scheduler, args.min_snr_gamma)
+                        loss = apply_snr_weight(loss, timesteps, noise_scheduler, args.min_snr_gamma, args.v_parameterization)
                     if args.scale_v_pred_loss_like_noise_pred:
                         loss = scale_v_prediction_loss_like_noise_prediction(loss, timesteps, noise_scheduler)
                     if args.v_pred_like_loss: