<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
CONSOLIDATED-TOMOKA LAND CO.'S MARCH 31, 1996 10Q AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                         423,829
<SECURITIES>                                 1,424,738
<RECEIVABLES>                               13,213,217
<ALLOWANCES>                                         0
<INVENTORY>                                 16,686,915
<CURRENT-ASSETS>                                     0
<PP&E>                                      39,254,813
<DEPRECIATION>                              13,154,896
<TOTAL-ASSETS>                              59,074,358
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     6,261,272
<OTHER-SE>                                  26,454,813
<TOTAL-LIABILITY-AND-EQUITY>                59,074,358
<SALES>                                      7,963,282
<TOTAL-REVENUES>                             8,135,597
<CGS>                                        3,666,962
<TOTAL-COSTS>                                4,676,030
<OTHER-EXPENSES>                               634,401
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             216,078
<INCOME-PRETAX>                              2,609,088
<INCOME-TAX>                                   960,212
<INCOME-CONTINUING>                          1,648,876
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,648,876
<EPS-PRIMARY>                                     0.26
<EPS-DILUTED>                                     0.26