<ARTICLE> 5
<CIK> 0001017481
<NAME> COBBLESTONE HOLDINGS, INC.
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-30-1998
<CASH>                                         400,432
<SECURITIES>                                         0
<RECEIVABLES>                               10,770,359
<ALLOWANCES>                                 1,056,295
<INVENTORY>                                  3,215,730
<CURRENT-ASSETS>                            11,096,454
<PP&E>                                     205,633,691
<DEPRECIATION>                              28,803,593
<TOTAL-ASSETS>                             201,486,198
<CURRENT-LIABILITIES>                       11,638,480
<BONDS>                                              0
<PREFERRED-MANDATORY>                       42,241,169
<PREFERRED>                                          0
<COMMON>                                        17,224
<OTHER-SE>                                (12,913,387)
<TOTAL-LIABILITY-AND-EQUITY>               201,486,198
<SALES>                                      9,979,939
<TOTAL-REVENUES>                            42,870,781
<CGS>                                        4,162,175
<TOTAL-COSTS>                               36,891,136
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                45,668
<INTEREST-EXPENSE>                           9,260,686
<INCOME-PRETAX>                            (3,281,041)
<INCOME-TAX>                                     9,020
<INCOME-CONTINUING>                        (3,290,061)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (3,290,061)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0