<ARTICLE> 5 <CIK> 0001018742 <NAME> CARMEL MOUNTAIN RANCH GOLF CLUB <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> SEP-30-1998 <PERIOD-START> OCT-01-1997 <PERIOD-END> MAR-31-1998 <CASH> 8,710 <SECURITIES> 0 <RECEIVABLES> 18,371 <ALLOWANCES> 1,231 <INVENTORY> 147,306 <CURRENT-ASSETS> 271,063 <PP&E> 859,595 <DEPRECIATION> 299,349 <TOTAL-ASSETS> 844,293 <CURRENT-LIABILITIES> 349,380 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,000 <OTHER-SE> 664,571 <TOTAL-LIABILITY-AND-EQUITY> 844,293 <SALES> 662,210 <TOTAL-REVENUES> 1,846,055 <CGS> 222,534 <TOTAL-COSTS> 1,541,678 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 14,194 <INCOME-PRETAX> 247,537 <INCOME-TAX> 0 <INCOME-CONTINUING> 247,537 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 247,537 <EPS-PRIMARY> 0 <EPS-DILUTED> 0