<TABLE> <S> <C>

       
<ARTICLE> 5
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
FINANCIAL  STATEMENTS OF BUCKHEAD AMERICA  CORPORATION FOR THE QUARTERLY PERIODS
ENDED MARCH 31, 1997,  JUNE 30, 1997,  SEPTEMBER 30, 1997 AND MARCH 31, 1998 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<RESTATED>
<S>                                  <C>               <C>            <C>                 <C>

<PERIOD-TYPE>                        3-MOS             6-MOS          9-MOS               3-MOS
<FISCAL-YEAR-END>                     DEC-31-1997      DEC-31-1997    DEC-31-1997         DEC-31-1998
<PERIOD-START>                        JAN-01-1997      APR-01-1997    JUL-01-1997         JAN-01-1998
<PERIOD-END>                          MAR-31-1997      JUN-30-1997    SEP-30-1997         MAR-31-1998
<CASH>                                      1,878           1,765          1,821               1,643 
<SECURITIES>                                2,649           1,505            321               3,226
<RECEIVABLES>                               1,281           1,403          1,321               1,147
<ALLOWANCES>                                  151             151             92                  56
<INVENTORY>                                     0               0              0                   0
<CURRENT-ASSETS>                            5,925           5,202          4,479               6,848 
<PP&E>                                     20,913          25,653         37,307              37,326
<DEPRECIATION>                              1,829           1,952          2,606               3,003
<TOTAL-ASSETS>                             27,512          34,775         44,675              51,329
<CURRENT-LIABILITIES>                       1,082           3,570          4,469               3,840
<BONDS>                                    12,350          17,009         23,200              28,380
<PREFERRED-MANDATORY>                           0               0              0                   0
<PREFERRED>                                     0               0          3,000               3,000
<COMMON>                                       18              19             19                  19
<OTHER-SE>                                 13,725          14,403         14,582              15,870
<TOTAL-LIABILITY-AND-EQUITY>               27,512          34,775         44,675              51,329
<SALES>                                     2,288           5,715         10,797               5,033
<TOTAL-REVENUES>                            3,805           7,941         13,467               5,312
<CGS>                                       1,632           4,288          7,892               3,934
<TOTAL-COSTS>                               1,822           4,746          8,693               4,346
<OTHER-EXPENSES>                              612           1,447          2,488                 915
<LOSS-PROVISION>                                0               0              0                   0
<INTEREST-EXPENSE>                            257             614          1,050                 660
<INCOME-PRETAX>                             1,114           1,134          1,236                (609)
<INCOME-TAX>                                    0               0              0                (220)
<INCOME-CONTINUING>                         1,114           1,134          1,236                (389)
<DISCONTINUED>                                  0               0              0                   0
<EXTRAORDINARY>                                 0               0              0                   0
<CHANGES>                                       0               0              0                   0
<NET-INCOME>                                1,114           1,134          1,236                (389)
<EPS-PRIMARY>                                 .63             .63            .68                (.24)
<EPS-DILUTED>                                 .61             .61            .64                (.24)

        

</TABLE>