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| | Editorial |
| Mike WOOTTEN | Roswell or Bust | 3 |
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| | News |
| Mike WOOTTEN | Santilli Claims The Friedman Faxes | 4-5 |
| Mike WOOTTEN | Curly Wires Crossed | 4 |
| Mike WOOTTEN | Rumours about Rumours | 4 |
| Mike WOOTTEN | Sweden's New High for UFO cases | 5 |
| Mike WOOTTEN | BUFORA to Release UFO Data | 5 |
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| Terry HANSEN | The Psychology of Dreamland How Secrecy is Destroying Public Faith in Government and Science | 6-7 |
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| | Newsbites |
| | Liverpool Lecture Plays to Packed House | 8 |
| | BUFORA to Move Book Library | 8 |
| | Swiss Army Sees No Security Threat from UFOs | 8 |
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| John SPENCER, Anne SPENCER | When People Say 'Panic', Why do They Always Think of Orson Wells? | 9-12 |
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| | UFOs: Examining the Evidence Congress News | 14-15 |
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| | Investigations Diary |
| Philip MANTLE | Special Report The Roswell Film Footage | 16-18 |
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| | Statement from Ray Santilli | 19 |
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| Keith BASTERFIELD, Peter JONES | Dateline Australia: A Double Abduction? | 20 |
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| Gloria DIXON | STRANGE NIGHTS IN THE NORTH Tyne Valley UFO Photograph | 21 |
| Dave NEWTON | Analysis of Peter Nelson's Photographs | 21 |
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| | Stanton's Stand Softens The latest fax circulated by Stanton Friedman seens to have a softer approach to the claims of Ray Santilli. | 22 |
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| | Competition | 22 |
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| | Ufonet | 24 |
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| Steve GAMBLE | Research Review | 25-26 |