| 10/20/2003 | Updated Innisbrook Cash Flow Forecast Received |
| 8/5/2003 | 2003 Annual Meeting Announced |
| 7/14/2003 | Crossley Litigation Settled |
| 6/20/2003 | Retirement of Credit Agreement Announced |
| 6/18/2003 | Sale of Sandpiper Golf Course Announced |
| 4/22/2003 | Sale of Mystic Creek Golf Course Announced |
| 1/31/2003 | Sale of Eagle Ridge Announced |
| 1/17/2003 | Sale of Lost Oaks Golf Course Announced |
| 1/02/2003 | Lenders Extend Maturity of Credit Agreement |
