<ARTICLE> 5 <CIK> 0001018751 <NAME> OCEANSIDE GOLF MANAGEMENT CORP. <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-START> OCT-01-1996 <PERIOD-END> SEP-30-1997 <CASH> 2,456 <SECURITIES> 0 <RECEIVABLES> 360,865 <ALLOWANCES> 32,977 <INVENTORY> 63,667 <CURRENT-ASSETS> 298,041 <PP&E> 6,412,653 <DEPRECIATION> 1,147,076 <TOTAL-ASSETS> 6,767,549 <CURRENT-LIABILITIES> 201,862 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,000 <OTHER-SE> 6,531,217 <TOTAL-LIABILITY-AND-EQUITY> 6,767,549 <SALES> 838,377 <TOTAL-REVENUES> 3,481,974 <CGS> 309,740 <TOTAL-COSTS> 2,715,764 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 8,790 <INTEREST-EXPENSE> 3,302 <INCOME-PRETAX> 792,608 <INCOME-TAX> 0 <INCOME-CONTINUING> 792,608 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 792,608 <EPS-PRIMARY> 0 <EPS-DILUTED> 0