<ARTICLE> 5 <CIK> 0001018746 <NAME> LAKEWAY GOLF CLUBS, INC. <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-START> OCT-01-1996 <PERIOD-END> SEP-30-1997 <CASH> 62,069 <SECURITIES> 0 <RECEIVABLES> 1,776,410 <ALLOWANCES> 200,964 <INVENTORY> 231,641 <CURRENT-ASSETS> 1,029,037 <PP&E> 21,632,995 <DEPRECIATION> 2,067,672 <TOTAL-ASSETS> 8,879,871 <CURRENT-LIABILITIES> 1,123,967 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,000 <OTHER-SE> 6,668,495 <TOTAL-LIABILITY-AND-EQUITY> 8,879,871 <SALES> 1,264,130 <TOTAL-REVENUES> 8,411,279 <CGS> 644,894 <TOTAL-COSTS> 6,263,582 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 51,736 <INTEREST-EXPENSE> 30,955 <INCOME-PRETAX> 2,116,742 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,116,742 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,116,742 <EPS-PRIMARY> 0 <EPS-DILUTED> 0