<ARTICLE> 5
<LEGEND>
The schedule contains summary financial information extracted from
Consolidated-Tomoka Land Co.'s March 31, 1997 10-Q and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                         390,793
<SECURITIES>                                   998,276
<RECEIVABLES>                               16,305,104
<ALLOWANCES>                                         0
<INVENTORY>                                 17,244,774
<CURRENT-ASSETS>                                     0
<PP&E>                                      32,845,567
<DEPRECIATION>                              11,886,851
<TOTAL-ASSETS>                              57,190,806
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     6,261,272
<OTHER-SE>                                  27,878,035
<TOTAL-LIABILITY-AND-EQUITY>                57,190,806
<SALES>                                      5,273,196
<TOTAL-REVENUES>                             5,571,830
<CGS>                                        3,582,525
<TOTAL-COSTS>                                4,341,173
<OTHER-EXPENSES>                               675,586
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             207,347
<INCOME-PRETAX>                                347,724
<INCOME-TAX>                                   121,420
<INCOME-CONTINUING>                            226,304
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   226,304
<EPS-PRIMARY>                                      .04
<EPS-DILUTED>                                      .04