<ARTICLE> 5 <CIK> 0000701374 <NAME> PREMIER PARKS INC. <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 10,050,000 <SECURITIES> 0 <RECEIVABLES> 1,217,000 <ALLOWANCES> 0 <INVENTORY> 4,127,000 <CURRENT-ASSETS> 18,015,000 <PP&E> 134,110,000 <DEPRECIATION> 11,468,000 <TOTAL-ASSETS> 162,628,000 <CURRENT-LIABILITIES> 9,853,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 200,000 <COMMON> 244,000 <OTHER-SE> 40,922,000 <TOTAL-LIABILITY-AND-EQUITY> 162,628,000 <SALES> 2,430,000 <TOTAL-REVENUES> 2,430,000 <CGS> 7,000 <TOTAL-COSTS> 7,000 <OTHER-EXPENSES> 8,687,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,633,000 <INCOME-PRETAX> (8,909,000) <INCOME-TAX> (3,675,000) <INCOME-CONTINUING> (5,234,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,234,000) <EPS-PRIMARY> (1.15) <EPS-DILUTED> (1.15)