<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