<ARTICLE> 5 <CIK> 0001017482 <NAME> COBBLESTONE GOLF GROUP, 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> 199,642,218 <CURRENT-LIABILITIES> 11,638,480 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 4,308 <COMMON> 1,350 <OTHER-SE> 64,669,252 <TOTAL-LIABILITY-AND-EQUITY> 199,642,218 <SALES> 9,979,939 <TOTAL-REVENUES> 42,870,781 <CGS> 4,162,175 <TOTAL-COSTS> 36,891,136 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,732,845 <INCOME-PRETAX> (753,200) <INCOME-TAX> 9,020 <INCOME-CONTINUING> (762,220) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (762,220) <EPS-PRIMARY> 0 <EPS-DILUTED> 0