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| | Editorials | 2-3 |
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| | Letters to the Editor |
| | The "Volcano Theory" of Flying Saucers | 4 |
| | Comments on our October-November Issue | 4 |
| | Saucer Exposes: Pro and Con | 4-5 |
| | Concerning Gray Barker's Fake Photograph of James Moseley | 5-6 |
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| Leon DAVIDSON | The Air Force and the Saucers (Part Three) THE CENTRAL INTELLIGENCE AGENCY BECOMES INVOLVED WITH SAUCERS | 7-14 |
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| | Book Reviews |
| James W. MOSELEY | Leonard H. STRINGFIELD, INSIDE SAUCER POST... 3 - 0 BLUE | 15 |
| | Review: Leonard H. STRINGFIELD,INSIDE SAUCER POST... 3 - 0 BLUE - 1957 | |
| Bryan G. ESSENHIGH | Gavin GIBBONS, THEY RODE IN SPACE SHIPS | 15-16 |
| | Review: Gavin GIBBONS,THEY RODE IN SPACE SHIPS - 1957 | |