<ARTICLE> 5 <CIK> 0000012779 <NAME> blue ridge real estate co <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-mos <FISCAL-YEAR-END> mar-31-2001 <PERIOD-END> jun-30-2000 <CASH> 905,787 <SECURITIES> 0 <RECEIVABLES> 396,256 <ALLOWANCES> 0 <INVENTORY> 216,403 <CURRENT-ASSETS> 3,903,098 <PP&E> 52,284,211 <DEPRECIATION> 34,256,018 <TOTAL-ASSETS> 23,801,000 <CURRENT-LIABILITIES> 3,236,296 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,925,758 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 23,801,000 <SALES> 1,647,042 <TOTAL-REVENUES> 1,647,042 <CGS> 0 <TOTAL-COSTS> 1,622,437 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (179,591) <INCOME-PRETAX> (106,111) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (106,111) <EPS-BASIC> (.05) <EPS-DILUTED> (.05)