<ARTICLE> 5 <CIK> 0001018746 <NAME> LAKEWAY GOLF CLUBS, INC. <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-START> OCT-01-1996 <PERIOD-END> MAR-31-1997 <CASH> 44,455 <SECURITIES> 0 <RECEIVABLES> 2,038,414 <ALLOWANCES> 342,044 <INVENTORY> 270,781 <CURRENT-ASSETS> 949,575 <PP&E> 21,182,018 <DEPRECIATION> 1,635,499 <TOTAL-ASSETS> 21,566,999 <CURRENT-LIABILITIES> 771,285 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,000 <OTHER-SE> 4,873,952 <TOTAL-LIABILITY-AND-EQUITY> 21,566,999 <SALES> 568,354 <TOTAL-REVENUES> 3,319,789 <CGS> 279,684 <TOTAL-COSTS> 2,978,093 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 22,780 <INTEREST-EXPENSE> 19,497 <INCOME-PRETAX> 322,199 <INCOME-TAX> 0 <INCOME-CONTINUING> 322,199 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 322,199 <EPS-PRIMARY> 0 <EPS-DILUTED> 0