diff --git a/src/sqlparser.rs b/src/sqlparser.rs
index dc1cc658..f3e2e5e0 100644
--- a/src/sqlparser.rs
+++ b/src/sqlparser.rs
@@ -1529,7 +1529,10 @@ impl Parser {
         } else if self.parse_keyword("VALUES") {
             SQLSetExpr::Values(self.parse_values()?)
         } else {
-            return self.expected("SELECT or a subquery in the query body", self.peek_token());
+            return self.expected(
+                "SELECT, VALUES, or a subquery in the query body",
+                self.peek_token(),
+            );
         };
 
         loop {
diff --git a/tests/sqlparser_common.rs b/tests/sqlparser_common.rs
index 83322350..a013d022 100644
--- a/tests/sqlparser_common.rs
+++ b/tests/sqlparser_common.rs
@@ -1990,7 +1990,7 @@ fn parse_exists_subquery() {
     let res = parse_sql_statements("SELECT EXISTS (");
     assert_eq!(
         ParserError::ParserError(
-            "Expected SELECT or a subquery in the query body, found: EOF".to_string()
+            "Expected SELECT, VALUES, or a subquery in the query body, found: EOF".to_string()
         ),
         res.unwrap_err(),
     );
@@ -1998,7 +1998,7 @@ fn parse_exists_subquery() {
     let res = parse_sql_statements("SELECT EXISTS (NULL)");
     assert_eq!(
         ParserError::ParserError(
-            "Expected SELECT or a subquery in the query body, found: NULL".to_string()
+            "Expected SELECT, VALUES, or a subquery in the query body, found: NULL".to_string()
         ),
         res.unwrap_err(),
     );
@@ -2399,7 +2399,7 @@ fn lateral_derived() {
     let res = parse_sql_statements(sql);
     assert_eq!(
         ParserError::ParserError(
-            "Expected SELECT or a subquery in the query body, found: b".to_string()
+            "Expected SELECT, VALUES, or a subquery in the query body, found: b".to_string()
         ),
         res.unwrap_err()
     );