<ARTICLE> 5 <CIK> 0001018746 <NAME> LAKEWAY GOLF CLUBS, INC. <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-START> OCT-01-1996 <PERIOD-END> JUN-30-1997 <CASH> 67,348 <SECURITIES> 0 <RECEIVABLES> 2,096,693 <ALLOWANCES> 281,227 <INVENTORY> 249,733 <CURRENT-ASSETS> 1,129,373 <PP&E> 21,391,793 <DEPRECIATION> 1,830,665 <TOTAL-ASSETS> 21,702,605 <CURRENT-LIABILITIES> 873,446 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,000 <OTHER-SE> 5,849,919 <TOTAL-LIABILITY-AND-EQUITY> 21,702,605 <SALES> 967,790 <TOTAL-REVENUES> 5,907,324 <CGS> 485,908 <TOTAL-COSTS> 3,898,486 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 35,248 <INTEREST-EXPENSE> 29,009 <INCOME-PRETAX> 1,298,164 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,298,164 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,298,164 <EPS-PRIMARY> 0 <EPS-DILUTED> 0