<ARTICLE> 5 <CIK> 0001018746 <NAME> LAKEWAY GOLF CLUBS, INC. <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-START> OCT-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 63,065 <SECURITIES> 0 <RECEIVABLES> 2,147,282 <ALLOWANCES> 333,309 <INVENTORY> 241,381 <CURRENT-ASSETS> 1,083,316 <PP&E> 20,361,394 <DEPRECIATION> 1,392,152 <TOTAL-ASSETS> 21,129,625 <CURRENT-LIABILITIES> 1,082,337 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,000 <OTHER-SE> 4,701,317 <TOTAL-LIABILITY-AND-EQUITY> 21,129,625 <SALES> 340,076 <TOTAL-REVENUES> 1,722,613 <CGS> 165,431 <TOTAL-COSTS> 1,564,935 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 10,312 <INTEREST-EXPENSE> 8,113 <INCOME-PRETAX> 149,565 <INCOME-TAX> 0 <INCOME-CONTINUING> 149,565 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 149,565 <EPS-PRIMARY> 0 <EPS-DILUTED> 0