<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                               FORM 10-KSB/A-2
[X]     ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

                  FOR THE FISCAL YEAR ENDED DECEMBER 29, 1996

                                       OR

[ ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

               FOR THE TRANSITION PERIOD FROM                 TO

                             COMMISSION FILE NUMBER
                                    0-22582

                          NASHVILLE COUNTRY CLUB, INC.
                 (Name of Small Business Issuer in its Charter)

         TENNESSEE                                               62-1535897
(State or other jurisdiction of                               (I.R.S. employer
incorporation or organization)                               identification no.)

     402 HERITAGE PLANTATION WAY
      HICKORY VALLEY, TENNESSEE                                       38042
(Address of principal executive offices)                           (Zip Code)

        ISSUER'S TELEPHONE NUMBER, INCLUDING AREA CODE:   (901) 764-2300

       SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:  NONE

          SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:

                      COMMON STOCK, NO PAR VALUE PER SHARE
                   REDEEMABLE COMMON STOCK PURCHASE WARRANTS

         Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.  YES  X    NO     .
                                              -----    -----

         Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K.   X
                             -----

         The aggregate market value of the voting stock held by non-affiliates
of the registrant (based on the closing price of such stock as reported on
March 27, 1997 on The Nasdaq National Market of the National Association of
Securities Dealers, Inc.) was approximately $18,820,300.

         As of March 31, 1997, 4,590,435 shares of the registrant's Common
Stock were outstanding.

                Transitional Small Business Disclosure Format (Check One): 
                                Yes     No  X
                                    ---    ---
  
                 DOCUMENTS INCORPORATED BY REFERENCE:  NONE
<PAGE>   2
                                EXPLANATORY NOTE

         This Form 10-KSB/A is being filed in order to amend and restate in
its entirety Item 13 of the Registrant's Form 10-KSB for the fiscal year ended 
December 29, 1996.


<PAGE>   3
ITEM 13.         EXHIBITS AND REPORTS ON FORM 8-K.

         (a)      Exhibits.


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<CAPTION>

  EXHIBIT
  NUMBER                                 DESCRIPTION OF DOCUMENT
 ---------                               -----------------------
     <S>          <C>
       3.1    --  Charter of the Company, as amended. (1)
       3.2    --  Restated Bylaws of the Company. (1)
       4.1    --  Specimen Common Stock Certificate. (1)
       4.2    --  Paragraph 6 of the Charter of the Company (included in
                  Exhibit 3.1). (1)
       4.3    --  Specimen Warrant Certificate. (2)
      10.1    --  Lease dated September 30, 1993 between the Company and
                  William Madison Smith. (1)
      10.2    --  Employment Agreement dated  as of January 1, 1994 between the
                  Company and Thomas Jackson Weaver, III. (1)
      10.3    --  Employment Agreement dated as of January 1, 1994 between the
                  Company and Prab Nallamilli. (1)
      10.4    --  Intentionally omitted.
      10.5    --  Stock Purchase Warrant dated February 24, 1994 between the
                  Company and Yee, Desmond, Schroeder & Allen, Inc. (1)
      10.6    --  Form of Indemnification Agreement between the Company and
                  each of the directors and executive officers. (1)
      10.7    --  Employment Agreement dated April  29, 1996 between the Company
                  and Jeffrey McIntyre. (2)
      10.8    --  Employment Agreement dated April  29, 1996 between the Company
                  and Mark van Hartesvelt. (2)
      10.9    --  Nashville Country Club, Inc. 1995 Stock Option Plan. (3)
     10.10    --  Form of Stock Option Agreement for options granted under the
                  1995 Stock Option Plan. (3)
     10.11    --  Nashville Country Club, Inc. 1997 Stock Option Plan.
     10.12    --  Forms of Stock Option Agreement for  options granted under the
                  1997 Stock Option Plan.
     10.13    --  Representative's Warrant Agreement  dated April 23, 1996
                  between the Company and H.J. Meyers & Co., Inc. (3)
     10.14    --  Warrant Agreement dated April 23, 1996 among the Company,
                  H.J. Meyers & Co.,  Inc. and American Stock Transfer & Trust
                  Company. (3)
     10.15    --  Registration Rights Agreement  between the Company, Robert E.
                  Geddes, Greg M. Janese, Thomas Miserendino, Brian K. Murphy
                  and Marc W. Oswald.
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<TABLE>
<S>               <C>
     10.16    --  Consulting Agreement between Avalon Entertainment  Group, Inc.
                  and Robert E. Geddes.
     10.17    --  Consulting  Agreement between Avalon Entertainment Group, Inc.
                  and Thomas Miserendino.
     10.18    --  Employment Agreement between  Avalon Entertainment Group, Inc.
                  and Marc W. Oswald.
     10.19    --  Employment Agreement between Avalon Entertainment  Group, Inc.
                  and Greg M. Janese.
     21.1     --  Subsidiaries of the Company.
     27.1     --  Financial Data Schedule.  
</TABLE>

----------                                                        
(1) Incorporated by reference to the same exhibit number in the Company's
    Registration Statement on Form SB-2 (Registration No. 33-69944).
(2) Incorporated by reference to the same exhibit number in the Company's
    Registration Statement on Form SB-2 (Registration No. 33-97890).
(3) Incorporated by reference to the same exhibit number in the Company's Form
    10-KSB for the fiscal year ended December 31, 1995.

         (b)     Reports on Form 8-K

No reports on Form 8-K were filed during the quarterly period ended December
29, 1996.





                                      -8-
<PAGE>   5
                                   SIGNATURES

         In accordance with the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Registrant has caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized in the city
of Hickory Valley, Tennessee, on the 30th day of April, 1997.

                                        NASHVILLE COUNTRY CLUB, INC.


                                        By: /s/  Thomas Jackson Weaver III
                                            ----------------------------------
                                                  Thomas Jackson Weaver III
                                                  Chairman of the Board, Chief
                                                  Executive Officer and
                                                  President





                                      -9-
<PAGE>   6
                                 EXHIBIT INDEX

<TABLE>
<CAPTION>
Exhibit No.      Description
-----------      -----------
<S>              <C>
10.11            Nashville Country Club, Inc. 1997 Stock Option Plan.
10.12            Forms of Stock Option Agreements for options granted under the 1997 Stock Option Plan.
10.15            Registration Rights Agreement between the Company, Robert E. Geddes, Greg M. Janese, Thomas
                 Miserendino, Brian K. Murphy and Marc W. Oswald.
10.16            Consulting Agreement between Avalon Entertainment Group, Inc. and Robert E. Geddes.
10.17            Consulting Agreement between Avalon Entertainment Group, Inc. and Thomas Miserendino.
10.18            Employment Agreement between Avalon Entertainment Group, Inc. and Marc W. Oswald.
10.19            Employment Agreement between Avalon Entertainment Group, Inc. and Greg M. Janese.
</TABLE>