<ARTICLE> 5 <CIK> 0001017482 <NAME> COBBLESTONE GOLF GROUP, INC. <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-START> OCT-01-1996 <PERIOD-END> MAR-31-1997 <CASH> 1,571,095 <SECURITIES> 0 <RECEIVABLES> 10,902,570 <ALLOWANCES> 1,411,418 <INVENTORY> 2,918,058 <CURRENT-ASSETS> 11,024,944 <PP&E> 168,811,886 <DEPRECIATION> 19,477,391 <TOTAL-ASSETS> 172,561,822 <CURRENT-LIABILITIES> 10,899,951 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 4,308 <COMMON> 1,350 <OTHER-SE> 64,008,732 <TOTAL-LIABILITY-AND-EQUITY> 172,561,822 <SALES> 8,649,691 <TOTAL-REVENUES> 35,682,818 <CGS> 13,690,408 <TOTAL-COSTS> 32,385,374 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 138,854 <INTEREST-EXPENSE> 5,157,002 <INCOME-PRETAX> (1,859,558) <INCOME-TAX> 83,316 <INCOME-CONTINUING> (1,942,874) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,942,874) <EPS-PRIMARY> 0 <EPS-DILUTED> 0