<ARTICLE> 5 <CIK> 0001018742 <NAME> CARMEL MOUNTAIN RANCH GOLF CLUB, INC. <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-START> OCT-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 11,518 <SECURITIES> 0 <RECEIVABLES> 13,203 <ALLOWANCES> 4,731 <INVENTORY> 146,759 <CURRENT-ASSETS> 239,022 <PP&E> 762,243 <DEPRECIATION> 166,328 <TOTAL-ASSETS> 847,921 <CURRENT-LIABILITIES> 232,717 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,000 <OTHER-SE> 4,050 <TOTAL-LIABILITY-AND-EQUITY> 847,921 <SALES> 312,141 <TOTAL-REVENUES> 857,822 <CGS> 113,498 <TOTAL-COSTS> 831,342 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 2,500 <INTEREST-EXPENSE> 10,916 <INCOME-PRETAX> 15,564 <INCOME-TAX> 0 <INCOME-CONTINUING> 15,564 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 15,564 <EPS-PRIMARY> 0 <EPS-DILUTED> 0