diff --git a/src/core/QueryManager.ts b/src/core/QueryManager.ts
--- a/src/core/QueryManager.ts
+++ b/src/core/QueryManager.ts
@@ -877,14 +877,16 @@ export class QueryManager {
 
   private getExtraReducers(): ApolloReducer[] {
     return  Object.keys(this.observableQueries).map( obsQueryId => {
-      const queryOptions = this.observableQueries[obsQueryId].observableQuery.options;
+      const query = this.observableQueries[obsQueryId].observableQuery;
+      const queryOptions = query.options;
+
       if (queryOptions.reducer) {
         return createStoreReducer(
           queryOptions.reducer,
           queryOptions.query,
-          queryOptions.variables || {},
+          query.variables || {},
           this.reducerConfig,
-          );
+        );
       }
       return null as never;
     }).filter( reducer => reducer !== null );

diff --git a/test/ObservableQuery.ts b/test/ObservableQuery.ts
--- a/test/ObservableQuery.ts
+++ b/test/ObservableQuery.ts
@@ -782,6 +782,66 @@ describe('ObservableQuery', () => {
           }
         });
       });
+
+      it('applies query reducers with correct variables', (done) => {
+        const queryManager = mockQueryManager({
+          // First we make the query
+          request: { query, variables },
+          result: { data: dataOne },
+        }, {
+          // Then we make a mutation
+          request: { query: mutation },
+          result: { data: mutationData },
+        }, {
+          // Then we make another query
+          request: { query, variables: differentVariables },
+          result: { data: dataTwo },
+        }, {
+          // Then we make another mutation
+          request: { query: mutation },
+          result: { data: mutationData },
+        });
+
+
+        let lastReducerVars: Array<Object> = [];
+        let lastReducerData: Array<Object> = [];
+        const observable = queryManager.watchQuery({
+          query,
+          variables,
+          reducer: (previous, action, reducerVars) => {
+            if (action.type === 'APOLLO_MUTATION_RESULT') {
+              // We want to track the history of the `variables` the reducer
+              // is given for the query.
+              lastReducerData.push(previous);
+              lastReducerVars.push(reducerVars);
+            }
+
+            return previous;
+          },
+        });
+
+        // Check that the variables fed into the reducer are correct.
+        function assertVariables() {
+          assert.lengthOf(lastReducerVars, 2);
+          assert.deepEqual(lastReducerVars[0], variables);
+          assert.deepEqual(lastReducerData[0], dataOne);
+          assert.deepEqual(lastReducerVars[1], differentVariables);
+          assert.deepEqual(lastReducerData[1], dataTwo);
+          done();
+        }
+
+        // Subscribe to the query, then run the mutation, then change the variables, then run another mutation.
+        let sub = observable.subscribe({});
+        queryManager.mutate({ mutation }).then(() => {
+          observable.setVariables(differentVariables);
+          queryManager.mutate({ mutation }).then(() => {
+            // We have to get out of the Promise scope here
+            // because the promises are capturing the assertion errors
+            // leading to timesouts.
+            setTimeout(assertVariables, 0);
+          });
+        });
+      });
     });
   });
 });

Variables in reducer for query always use the original variables
**Intended outcome:**
After setVariables, the reducers should re-run with the new variables for the query.

**Actual outcome:**
reducers always run with original variables.

**How to reproduce the issue:**
```
query = apollo.watchQuery(query: q, variables: { test: "A" }, 
  reducer: (prev, action, variables) => { 
     if (action.type == 'APOLLO_MUTATION_RESULT') {
        console.log(variables.test); 
     }
     return prev 
  }
).subscribe();

apollo.mutate(...)
// console => A
query.setVariables({ test: "B" })
apollo.mutate(...)
// console => A
// >>>> EXPECTED: B
```

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