THE RPTR DOING IMPROMPTU AIR SHOW AEROBATICS AROUND BANNER TOW ACFT ALONG THE COAST GOT TOO CLOSE TO THE BEACH ON ONE OF THE PASSES AND WAS IN VIOLATION OF FAR.

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ON APR/SUN/96; AT ABOUT XA30 PM; I WAS FLYING BASIC AEROBATIC MANEUVERS APPROX 1/4 TO 1/2 MI OFF SHORE AT JACKSONVILLE BEACH. I REMAINED AT OR ABOVE 1500 FT THROUGH MOST OF MY MANEUVERS WITH THE EXCEPTION OF A COUPLE OF LOW PASSES PARALLELING THE BEACH; WHERE I HAD DSNDED TO 500 FT. WHILE FLYING ON THIS DATE; I WAS IN COM WITH 2 BANNER-TOWING ACFT. AFTER SEVERAL MINS OF COMMUNICATING AND PLANNING; WE DECIDED THAT IT MIGHT BE FUN TO SIMULATE THE ILLUSION OF MY ACFT LOOPING AROUND THE BANNER-TOWING ACFT. ON MY FIRST PASS; THE BANNER- TOWING ACFT WAS AT 600 FT. IT WAS MY INTENTION TO PASS BEHIND AND BELOW HIM; AND TO ENTER INTO A L WINGOVER CONFIGN; REMAINING WELL CLR OF THE ACFT AND AVOIDING ANY POSSIBLE CONFLICT WITH EITHER BANNER-TOWING ACFT OR THE SHORELINE. AT THE TOP OF MY CLB; APPROX 1000 FT; I HAD ROLLED PAST 90 DEGS AND REALIZED THAT I WAS AT THE SHORELINE. AS I PULLED THROUGH ON MY TURN; I DSNDED TO APPROX 800 FT CARRYING MY ENERGY AT A 45 DEG ANGLE AWAY FROM THE SHORELINE; THUS REMAINING SAFE FROM INTRUSION OVER POPULATED AREAS. BY THE TIME I DSNDED TO 500 FT; I WAS BACK OVER THE WATER; COMPLETING THE ILLUSION OF THE LOOP; PASSED SLIGHTLY BELOW AND BEHIND THE BANNER-TOWING ACFT. THERE WAS ONE POINT WHERE I REALIZED I WAS IN VIOLATION AND CORRECTED IMMEDIATELY TO INSURE THE SAFE EXECUTION AND RECOVERY FROM THE MANEUVER. THIS MANEUVER WAS PERFORMED WITH BOTH ACFT. HOWEVER; ON THE SECOND ATTEMPT; I REQUESTED THAT THE ACFT MOVE FURTHER TO THE E TO CLB; GIVING ADDITIONAL ALT IN ORDER TO EXECUTE THE MANEUVER WITHOUT MISHAP OR POTENTIAL AIRSPACE VIOLATION.