<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from unaudited financial statements for the six month period ending June 30, 1995 and is qualified in its entirety by reference to such financial statements </LEGEND> <CIK> 0000760612 <NAME> Indian River Citrus Inves <MULTIPLIER> 1 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> JUN-30-1995 <EXCHANGE-RATE> 1.00000 <CASH> 3,852,892 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 1,133,733 <CURRENT-ASSETS> 38,120 <PP&E> 24,469,930 <DEPRECIATION> 5,730,652 <TOTAL-ASSETS> 23,791,547 <CURRENT-LIABILITIES> 22,928,277 <BONDS> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 863,270 <TOTAL-LIABILITY-AND-EQUITY> 23,791,547 <SALES> 0 <TOTAL-REVENUES> 4,083,970 <CGS> 1,769,115 <TOTAL-COSTS> 1,356,763 <OTHER-EXPENSES> 27,022 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,296,478 <INCOME-PRETAX> (365,408) <INCOME-TAX> 0 <INCOME-CONTINUING> (365,408) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (365,408) <EPS-PRIMARY> (21.220) <EPS-DILUTED> 0.000