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                                                                   EXHIBIT 10.11




                          NASHVILLE COUNTRY CLUB, INC.
                             1997 STOCK OPTION PLAN

                                   ARTICLE I

                        Purpose of Plan; Administration

         1.1     Purpose.  The purpose of the Nashville Country Club, Inc. 1997
Stock Option Plan (the "Plan") is to strengthen Nashville Country Club, Inc.
(the "Corporation") by providing a means of retaining and attracting competent
personnel by extending to certain key employees, officers and directors of the
Corporation, and to certain consultants providing services to the Corporation
("Consultants"), added long-term incentives for high levels of performance and
for unusual efforts designed to improve the financial performance of the
Corporation.  It is intended that this purpose be achieved through the
opportunity for ownership of shares of Common Stock of the Corporation (the
"Common Stock") and the benefits of stock appreciation offered under the Plan.
It is further intended that pursuant to this Plan the Committee (as defined
herein) may grant either incentive stock options as defined in Section 422 of
the Internal Revenue Code of 1986, as amended (the "Code"), or nonqualified
stock options.

         1.2     Administration.  The Plan shall be administered by a committee
selected by the Board of Directors of the Corporation (the "Committee"), which
shall be comprised of two (2) or more directors, each of whom shall be a
"Non-Employee Director," as defined in Rule 16b-3(b)(3)(i), promulgated under
the Securities Exchange Act of 1934, as amended (the "Exchange Act").

         Subject to the express provisions of the Plan, the Committee shall
have the authority to construe and interpret the Plan, to define the terms used
in the Plan, to prescribe, amend and rescind rules and regulations relating to
the administration of the Plan, to determine the duration
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and purposes of leaves of absence which may be granted to participants without
constituting a termination of their employment for purposes of the Plan, and to
make all other determinations necessary or advisable for the administration of
the Plan.  The determinations of the Committee on all matters referred to in
this Plan shall be conclusive.  No member of the Committee shall be liable for
any action, failure to act, determination or interpretation made in good faith
with respect to the Plan or any transaction under the Plan.

         Subject to the express provisions of the Plan, the Committee shall
determine from the eligible class those individuals to whom incentive stock
options or nonqualified stock options under the Plan shall be granted (the
"Optionees"), the terms and provisions of the respective agreements (which need
not be identical) evidencing such options, the time at which options shall be
granted, and the number of shares of stock subject to each option.

         1.3     Participation.  Key employees, officers and directors of the
Corporation and Consultants shall be eligible for selection to participate in
the Plan upon approval by the Committee.

         1.4     Stock Subject to the Plan.  Subject to adjustment as provided
in Section 3.1 hereof, the stock to be offered under the Plan shall be treasury
shares or shares of the Corporation's authorized but unissued Common Stock, no
par value, (hereinafter collectively called "Stock").  The aggregate number of
shares of Stock to be issued upon exercise of all options granted under the
Plan shall not exceed three hundred thousand (300,000) shares, subject to
adjustment as set forth in Sections 3.1 and 3.2 hereof.  If any option granted
hereunder shall lapse or terminate for any reason without having been fully
exercised, the shares subject thereto shall again be available for purposes of
the Plan.


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         1.5     Restrictions on Exercise.  No option granted hereunder may be
exercised unless and until the Committee determines that such exercise will be
made in compliance with all applicable laws, rules and regulations, including,
without limitation, applicable securities laws, rules and regulations.  The
Corporation does not have any obligation to take any action to register or
qualify shares of Common Stock pursuant to applicable securities laws or to
perfect an exemption from such registration/qualification requirements.

                                   ARTICLE II

                                 Stock Options

         2.1     Grant and Option Price.  The Committee may grant one or more
options to any eligible individual.  Options granted under the Plan shall be
granted within ten (10) years from the earlier of the date the Plan is adopted
by the Board of Directors of the Corporation (the "Board of Directors") or
approved by the shareholders of the Corporation, and such options may be
intended to qualify as an Incentive Stock Option (as hereinafter defined), or
the Committee may in its discretion grant nonqualified stock options under the
Plan; provided, however, that no option granted hereunder shall be considered
an Incentive Stock Option unless the Plan is approved by the shareholders of
the Corporation within twelve (12) months before or after the date on which the
Plan is adopted by the Board of Directors.  All options shall be subject to the
terms and conditions set forth in the Plan and such other terms and conditions
established by the Committee as are not inconsistent with the purposes and
provisions of the Plan.

         Except as otherwise provided herein, the purchase price of the Stock
covered by each option shall be determined by the Committee and set forth in an
Option Agreement (as hereinafter defined), but as to Stock covered by an
Incentive Stock Option the purchase price





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shall not be less than 100% of the Fair Market Value (as such term is defined
in this Section 2.1) of such Stock on the date of the grant of the option;
provided, however, that as to Stock covered by an Incentive Stock Option
granted to an Optionee who owns or is deemed to own more than 10% of the total
combined voting power and value of all classes of stock of the Corporation, the
purchase price shall not be less than 110% of the Fair Market Value of such
Stock on the date of the grant of the option.  For purposes of the Plan, the
term "Fair Market Value" on any date shall mean (i) if the Stock is listed or
admitted to trade on a national securities exchange, the closing price of the
Stock on the Composite Tape, as published in the Wall Street Journal, of the
principal national securities exchange on which the Stock is so listed or
admitted to trade, on such date or, if there is no trading of the Stock on such
date, then the closing price of the Stock as quoted on such Composite Tape on
the next preceding date on which there was trading in such shares; (ii) if the
Stock is not listed or admitted to trade on a national securities exchange,
then the closing price of the Stock as quoted on the National Market System of
the National Association of Securities Dealers, Inc. ("NASD") on such date;
(iii) if the Stock is not listed to trade on the National Market System of the
NASD, the mean between the bid and asked price for the Stock on such date, as
furnished by the NASD through NASDAQ or a similar organization if NASDAQ is no
longer reporting such information; or (iv) if the Stock is not listed or
admitted to trade on a national securities exchange and if bid and asked prices
for the stock are not so furnished by the NASD or a similar organization, the
values established by the Committee for purposes of granting options under the
Plan.  In addition to the above rules, Fair Market Value shall be determined
without regard to any restriction other than a restriction which, by its terms,
will never lapse.





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         2.2     Stock Option Agreement.  Each option granted pursuant to the
Plan shall, subject to the power of the Committee to prescribe certain terms of
the options granted hereunder, be evidenced by a Stock Option Agreement in
substantially the form of Exhibit "A"" or "B" attached hereto and incorporated
fully herein by reference (each, an "Option Agreement").  Exhibit "A" shall be
used whenever such option is intended to be an "incentive stock option" within
the meaning of Section 422 of the Code ("Incentive Stock Option").  Exhibit "B"
shall be used whenever such option is intended to be a nonqualified stock
option, as determined in the sole and absolute discretion of the Committee.

         2.3     Option Period.  Except as otherwise provided herein, each
option and all rights or obligations thereunder shall expire on such date as
the Committee shall determine (the "Expiration Date"), but not later than the
tenth anniversary of the date on which the option is granted, and shall be
subject to earlier termination as hereinafter provided.  Notwithstanding the
foregoing, the Expiration Date of any Incentive Stock Option granted to an
Optionee who owns or is deemed to own more than 10% of the total combined
voting power and value of all classes of stock of the Corporation shall be no
later than the fifth anniversary of the date on which the option is granted,
and shall be subject to earlier termination as hereinafter provided.

         2.4     Terms of Options.  Each option granted under this Plan to an
employee, officer or director of the Corporation by its terms shall require the
employee, officer or director granted such option to remain in the continuous
employ or service of the Corporation for such period of time, if any, from the
date of grant of his option, before the right to exercise any part of the
option will accrue as the Committee may determine at the time of granting such
option.  The





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Committee shall prescribe such rules as it deems appropriate in connection with
the grant of options to Consultants.

         2.5     Exercise of Options.  Each option shall become exercisable and
the total number of shares subject thereto shall be as the Committee shall
determine, as set forth in the Option Agreement evidencing such option.  The
purchase price of the Stock purchased upon exercise of an option shall be paid
in full in cash or by check at the time of each exercise of an option or by
such other consideration as may be provided for in the Option Agreement by the
Committee; provided, however, that if the Option Agreement so provides and upon
receipt of all regulatory approvals, the person exercising the option may
deliver in payment of a portion or all of the purchase price certificates for
Common Stock,  including a multiple series of exchanges of such Common Stock,
which shall be valued at the Fair Market Value of such Common Stock on the date
of exercise of the option.  No options shall be exercisable except in respect
of whole shares of  Stock.

         2.6     Nontransferability of Options.  An option granted under the
Plan shall, by its terms, be nontransferable by the Optionee other than by will
or by the laws of descent and distribution, and shall be exercisable during the
Optionee's lifetime only by the Optionee or by the Optionee's duly appointed
guardian or personal representative.

         2.7     Termination of Relationship.

                 (a)      If the employment or service of an Optionee (who is
         an employee, officer or director of the Corporation) is terminated for
         any reason other than (i) Disability (as hereinafter defined) of the
         Optionee, (ii) death of the Optionee, or (iii) for cause (as
         determined by the Committee in its sole and absolute discretion), then
         such Optionee shall





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         have the right at any time prior to the Expiration Date of the option
         or within three (3) months after the date of termination of employment
         or service, whichever is the shorter period, to exercise the option
         for the full number of shares or any portion thereof (except as to the
         issuance of fractional shares), but only to the extent such option was
         otherwise exercisable on the date of termination of employment or
         service.

                 (b)      If the employment or service of an Optionee (who is
         an employee, officer or director of the Corporation) is terminated by
         reason of the Optionee's Disability, then such Optionee shall have the
         right at any time prior to the Expiration Date of the option or within
         twelve (12) months after the date of termination of employment or
         service, whichever is the shorter period, to exercise the option for
         the full number of shares or any portion thereof (except as to the
         issuance of fractional shares) which are vested on or before the date
         on which the Optionee's termination of employment or service occurs,
         or which would otherwise have vested during the twelve month period
         beginning on the date on which such termination of employment or
         service occurs.  As used herein, the term "Disability" shall mean the
         inability to engage in any substantial gainful activity by reason of
         any medically determinable physical or mental impairment which can be
         expected to result in death or which has lasted or can be expected to
         last for a continuous period of not less than twelve (12) months.  The
         determination of whether or not an Optionee's employment or service is
         terminated by reason of Disability shall be in the sole and absolute
         discretion of the Committee.  An individual shall not be considered
         Disabled unless he furnishes proof of the existence thereof in such
         form and manner, and at such times, as the Committee may require.





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                 (c)      If the employment or service of an Optionee (who is
         an employee, officer or director of the Corporation) is terminated by
         reason of the death of such Optionee, the option shall be exercisable
         at any time prior to the Expiration Date of the option or within
         twelve (12) months after the date of such death, whichever is the
         shorter period, for the full number of shares or any portion thereof
         (except as to the issuance of fractional shares) which are vested on
         or before the date on which the Optionee's death occurs, or which
         would otherwise have vested during the twelve month period beginning
         on the date on which the Optionee's death occurs.  Options exercisable
         under this subsection may be exercised by the person or persons
         entitled to do so under the Optionee's will, or if the Optionee shall
         fail to make testamentary disposition of said option or shall die
         intestate, by the Optionee's legal representative or representatives,

                 (d)      If the employment or service of an Optionee (who is
         an employee, officer or director of the Corporation) is terminated for
         cause (which determination shall be made in the sole and absolute
         discretion of the Committee), any then outstanding options of such
         Optionee shall automatically terminate as of the date on which the
         employment or service of such Optionee is terminated.

         2.8     Issuance of Stock Certificates.  Upon exercise of an option,
but subject to the provisions of Section 3.7 of the Plan, the person exercising
the option shall be entitled to one (1) stock certificate evidencing the shares
acquired upon such exercise; provided, however, that any person who tenders
Common Stock  in payment of a portion or all of the purchase price of Stock
purchased upon exercise of the option shall be entitled to receive a separate
certificate





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representing the number of shares purchased in consideration of the tender of
such Common Stock.

         2.9     Limitation on Grant of Incentive Stock Options.  The aggregate
Fair Market Value (determined at the time the option is granted) of the Stock
with respect to which Incentive Stock Options are exercisable for the first
time by an Optionee during any calendar year (under all such plans of the
individual's employer corporation and its parent and subsidiary corporations,
if any) shall not exceed $100,000.  In the event the limits of this Section 2.9
would otherwise be exceeded, the Optionee may still exercise his option, but
such option, to the extent of such excess, shall be deemed to be a nonqualified
option.

         2.10    Other Limitations.  The Board of Directors shall impose any
other limitations on the terms and conditions of Incentive Stock Options
granted under the Plan required in order that such options qualify as Incentive
Stock Options as that term is defined in Section 422 of the Code.

                                  ARTICLE III

                                Other Provisions

         3.1     Adjustments upon Changes in Capitalization.  In the event that
a dividend payable in shares of Common Stock or a stock split shall be
hereinafter declared upon the Common Stock, the number of shares of Common
Stock then subject to any option granted hereunder and the number of shares
reserved for issuance pursuant to the Plan but not yet covered by an option
shall be adjusted by adding to each such share the number of shares which would
be distributable thereon if such share had been outstanding on the date fixed
for determining the shareholders entitled to receive such stock dividend or
stock split.  In the event that the outstanding shares of





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the Common Stock shall be changed into or exchanged for a different number or
kind of shares of stock or other securities of the Corporation or of another
corporation, whether through reorganization, recapitalization, stock split,
combination of shares, merger or consolidation, then there shall be substituted
for each share of Common Stock subject to any such option and for each share of
Common Stock reserved for issuance pursuant to the Plan but not yet covered by
an option, the number and kind of shares of stock or other securities into
which each outstanding share of Common Stock shall be so changed or for which
each such share shall be exchanged.  In the event there shall be any change,
other than as specified above in this Section 3.1, in the number or kind of
outstanding shares of Common Stock or of any stock or other securities into
which Common Stock shall have been changed or for which it shall have been
exchanged, then if the Committee shall in its sole discretion determine that
such change equitably requires an adjustment in the number or kind of shares
theretofore reserved for issuance pursuant to the Plan but not yet covered by
an option and of the shares then subject to an option or options, such
adjustment shall be made by the Committee and shall be effective and binding
for all purposes of the Plan and of each Option Agreement.  In the case of any
such substitution or adjustment as provided for in this Section, the option
price in each Option Agreement for each share covered thereby prior to such
substitution or adjustment will be the option price for all shares of stock or
other securities which shall have been substituted for such share or to which
such adjustment provided for in this Section 3.1 shall be made, in accordance
with Section 424(a) of the Code.  No adjustment or substitution provided for in
this Section 3.1 shall require the Corporation pursuant to any Option Agreement
to sell a fractional share, and the total substitution or adjustment with
respect to each Option Agreement shall be limited accordingly.





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         3.2     Acceleration.  In the event of a Change of Control (as defined
herein), the provisions of subsections (a) and (b) of this Section 3.2 shall
apply to determine the exercisability of options granted hereunder.  A "Change
of Control" for purposes of this Plan shall mean (i) the acquisition by a
single entity or group of affiliated entities of more than fifty percent (50%)
of the Common Stock issued and outstanding immediately prior to such
acquisition; or (ii) the dissolution or liquidation of the Corporation or the
consummation of any merger or consolidation of the Corporation or any sale or
other disposition of all or substantially all of its assets, if the
shareholders of the Corporation immediately before such transaction own,
immediately after consummation of such transaction, equity securities (other
than options and other rights to acquire equity securities) possessing less
than fifty percent (50%) of the voting power of the surviving or acquiring
corporation.

                 (a)      Change of Control with Provision Being Made Therefor.
         If provision be made in writing in connection with a Change of Control
         for the assumption and continuance of any option granted under the
         Plan, or the substitution for such option of a new option covering the
         shares of the successor employer corporation, with appropriate
         adjustment as to number and kind of shares and prices, the option
         granted under the Plan, or the new option substituted therefor, as the
         case may be, shall continue in the manner and under the terms
         provided.

                 (b)      Change of Control Without Provisions Being Made
         Therefor.  In the event provision is not made in connection with a
         Change of Control for the continuance and assumption of the option
         granted under the Plan or for the substitution of any option covering
         the shares of the successor employer corporation, then the holder of
         any such





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         option shall be entitled, prior to the effective date of any such
         Change of Control, to purchase the full number of shares not
         previously exercised under such option, without regard to the
         determination as to the periods and installments of exercisability
         made pursuant to Section 2.4 and 2.5 if (and only if) such option has
         not at that time expired or been cancelled, failing which purchase,
         any unexercised portion shall be deemed cancelled as of the effective
         date of such Change of Control.

         All adjustments under this Section 3.2 shall be made by the Committee,
whose determination as to what adjustments shall be made and the extent thereof
shall be final, binding and conclusive for all purposes of the Plan and of each
Option Agreement.

         3.3     Continuation of Employment.  Nothing contained in the Plan (or
in any option granted pursuant to the Plan) shall confer upon any employee,
officer or director any right to continue in the employ or service of the
Corporation or constitute any contract or agreement of employment or service or
interfere in any way with the right of the Corporation to reduce any person's
compensation from the rate in existence at the time of the granting of an
option or to terminate such person's employment or service.  Nothing contained
herein or in any Option Agreement shall affect any other contractual rights of
an employee.

         3.4     Withholding.  The Corporation shall have the right to deduct
any sums that the Committee reasonably determines that federal, state or local
tax law requires to be withheld with respect to the exercise of any option or
as otherwise may be required by those laws.  The Corporation may require as a
condition to issuing shares of Stock upon exercise of the option that the
Optionee or other person exercising the option pay any sums that federal, state
or local tax law requires to be withheld with respect to the exercise.  The
Corporation shall not be obligated





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to advise any Optionee of the existence of the tax or the amount which it will
be so required to withhold.  Upon the exercise of a nonqualified option, if tax
withholding is required, an Optionee may, with the consent of the Committee,
have shares of Stock withheld ("Share Withholding") by the Corporation from the
shares otherwise to be received; provided, that if the Optionee is subject to
the provisions of Section 16 under the Exchange Act, no Share Withholding shall
be permitted unless such transaction complies with the requirements of the
Exchange Act and the rules and regulations promulgated thereunder.  The number
of shares so withheld should have an aggregate Fair Market Value on the date of
exercise sufficient to satisfy the applicable withholding taxes.

         3.5     Amendment and Termination.  The Board of Directors may at any
time suspend or terminate the Plan and may, with the consent of the holder of
an option, make such modifications of the terms and conditions of such holder's
option as it shall deem advisable.  No option may be granted during any
suspension of the Plan or after such termination.  The amendment, suspension or
termination of the Plan shall not, without the consent of the Optionee, alter
or impair any rights or obligations under any option theretofore granted under
the Plan.

         The Board of Directors may at any time amend the Plan as it shall deem
advisable without further action on the part of the shareholders of the
Corporation; provided, that any amendment to the Plan must be approved by the
shareholders of the Corporation, if the amendment would (i) increase the
aggregate number of shares of Stock which may be issued pursuant to options
granted under the Plan; (ii) change the minimum option price; (iii) increase
the maximum terms of options provided for herein; (iv) materially modify the
requirements as





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to eligibility for participation in the Plan; (v) remove the administration of
the Plan from the Committee; or (vi) materially increase the benefits accruing
to holders of options under the Plan.

         Notwithstanding the above, the Committee may grant to an Optionee, if
he is otherwise eligible, additional options or, with the consent of the
Optionee, may grant a new option in lieu of an outstanding option, at a price
and for a term which in any respect is greater or less than that of the earlier
option, subject to the general limitations of Article II hereof.

         3.6     Time of Grant and Exercise.  The granting of an option
pursuant to the Plan shall take place at the time of the Committee's action, as
described in the third paragraph of Section 1.2 hereof; provided, however, that
if the appropriate resolutions of the Committee indicate that an option is to
be granted as of and at some future date, the date of grant shall be such
future date.  In the event action by the Committee is taken by written consent
of its members, the action by the Committee shall be deemed to have been taken
at the time the last member required for a valid action of the Committee signs
the consent.

         An option shall be deemed to be exercised when the Secretary of the
Corporation receives written notice of such exercise from the person entitled
to exercise the option together with payment of the purchase price made in
accordance with Section 2.5 of this Plan.

         3.7     Privileges of Stock Ownership; Non-Distributive Intent.  The
holder of an option shall not be entitled to the privileges of stock ownership
as to any shares of Stock not actually issued and delivered to the holder.

         3.8     Effective Date of the Plan.  The Plan shall be effective upon
approval by the Board of Directors of the Corporation.





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         3.9     Expiration.  Unless previously terminated by the Board of
Directors, the Plan shall expire at the close of business on the date which is
the last day of the ten (10) year period beginning on the earlier of the date
on which the Plan is adopted by the Board of Directors or the date on which the
stockholders approve the Plan, and no option shall be granted under it
thereafter, but such expiration shall not affect any option theretofore
granted.

         3.10    Governing Law.  The Plan and the options issued hereunder
shall be governed by, and constructed and enforced in accordance with, the laws
of the State of Tennessee applicable to contracts made and performed within
that State.

         3.11    Application of Funds.  The proceeds received by the
Corporation from the sale of shares pursuant to options shall be used for
general corporate purposes.

         3.12    No Liability for Good Faith Determinations.  No member of the
Board of Directors shall be liable for any act, omission or determination taken
or made in good faith with respect to the Plan or any option granted under it.

         3.13    Other Benefits.  Participation in the Plan shall not preclude
the Optionee from eligibility in any other stock option plan of the Corporation
or any old age benefit, insurance, pension, profit sharing, retirement, bonus
or other extra compensation plans which the Corporation has adopted, or may, at
any time, adopt for the benefit of its employees.

         3.14    Execution of Receipts and Releases.  Any payment or any
issuance or transfer of shares of Stock to the Optionee, or to his legal
representative, heir, legatee or distributee, in accordance with the provisions
hereof, shall, to the extent thereof, be in full satisfaction of all claims of
such persons hereunder.  The Board of Directors may require any Optionee, legal





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representative, heir, legatee or distributee, as a condition precedent to such
payment, to execute a release and receipt therefor in such form as it shall
determine.

         3.15    No Guarantee of Interests.  Neither the Board of Directors nor
the Corporation guarantees the Stock of the Corporation from loss or
depreciation.

         3.16    Payment of Expenses.  All expenses incident to the
administration, termination or protection of the Plan, including, but not
limited to, legal and accounting fees, shall be paid by the Corporation.

         3.17    Corporation Records.  Records of the Corporation  regarding
the Optionee's period of employment, termination of employment and the reason
therefor, leaves of absence, re-employment and other matters shall be
conclusive for all purposes hereunder, unless determined by the Committee to be
incorrect.

         3.18    Information.  The Corporation shall, upon request or as may be
specifically required hereunder, furnish or cause to be furnished all of the
information or documentation which is necessary or required by the Committee to
perform its duties and functions under the Plan.

         3.19    No Liability of Corporation.  The Corporation assumes no
obligation or responsibility to the Optionee or his personal representatives,
heirs, legatees or distributees for any act of, or failure to act on the part
of, the Committee.

         3.20    Severability.  In the event any provision of this Plan shall
be held to be illegal or invalid for any reason, the illegality or invalidity
shall not affect the remaining provisions hereof, but shall be fully severable
and the Plan shall be construed and enforced as if the illegal or invalid
provision had never been included herein.





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         3.21    Notice.  Whenever any notice is required or permitted
hereunder, such notice must be in writing and personally delivered or sent by
mail.  Except as otherwise provided in Section 3.6 of this Plan, any notice
required or permitted to be delivered hereunder shall be deemed to be delivered
on the date on which it is personally delivered or, whether actually received
or not, on the third (3rd) business day after it is deposited in the United
States mail, certified or registered, postage pre-paid, addressed to the person
who is to receive it at the address which such person has theretofore specified
by written notice delivered in accordance herewith.  The Corporation or an
Optionee may change, at any time and from time to time, by written notice to
the other, the address which it or he had theretofore specified for receiving
notices.  Until it is changed in accordance herewith, the Corporation and each
Optionee shall specify as its and his address for receiving notices the address
set forth in the Option Agreement pertaining to the shares to which such notice
relates.

         3.22    Waiver of Notices.  Any person entitled to notice hereunder
may waive such notice.

         3.23    Successors.  The Plan shall be binding upon the Optionee, his
heirs, legatees and legal representatives and upon the Corporation and  its
successors and assigns.

         3.24    Headings.  The titles and headings of sections and paragraphs
are included for convenience of reference only and are not to be considered in
construction of the provisions hereof.

         3.25    Word Usage.  Words used in the masculine shall apply to the
feminine where applicable and, wherever the context of this Plan dictates, the
plural shall be read as the singular and the singular as the plural.





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