<ARTICLE> 5 <CIK> 0001018746 <NAME> LAKEWAY GOLF CLUBS, INC. <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> SEP-30-1996 <PERIOD-START> OCT-01-1995 <PERIOD-END> SEP-30-1996 <CASH> 40,966 <SECURITIES> 0 <RECEIVABLES> 2,250,372 <ALLOWANCES> 416,339 <INVENTORY> 207,210 <CURRENT-ASSETS> 1,031,106 <PP&E> 20,136,003 <DEPRECIATION> 1,148,804 <TOTAL-ASSETS> 21,164,833 <CURRENT-LIABILITIES> 1,408,494 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,000 <OTHER-SE> 4,551,752 <TOTAL-LIABILITY-AND-EQUITY> 21,164,833 <SALES> 1,197,605 <TOTAL-REVENUES> 8,097,913 <CGS> 579,631 <TOTAL-COSTS> 5,851,218 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 26,763 <INTEREST-EXPENSE> 77,641 <INCOME-PRETAX> 2,169,054 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,169,054 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,169,054 <EPS-PRIMARY> 0 <EPS-DILUTED> 0