OPERATOR OF VESSEL 1 STATED HE HAD JUST LEFT THE NO WAKE ZONE AND BEGAN TO THROTTLE UP TO BRING THE VESSEL UP ON PLANE.  OPERATOR STATED THE VESSEL SUDDENLY "FELL ON IT'S FACE" AS THE THROTTLE WAS PULLED BACK.  OPERATOR STATED HE LOOKED BACK AND SAW SMOKE COMING FROM THE ENGINE COMPARTMENT.  OPERATOR THEN SAW FLAMES AND ATTEMPTED TO EXTINGUISH THE FIRE WITH THE ON BOARD FIRE EXTINGUISHER.  OPERATOR WAS UNABLE TO PUT OUT THE FIRE AND IT BEGAN TO SPREAD THROUGHOUT THE VESSEL.  THE OPERATOR ABANDONED THE VESSEL, JUMPING INTO THE WATER.  THE VESSEL BURNED TO THE WATER LINE AND SANK IN APPROX 75 FEET OF WATER.  THE OPERATOR OF VESSEL 1 WAS PICKED UP BY NEARBY FISHERMEN.
JAY