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| D. SEARGENT, H. GRIESBERG | Editorial | 1 |
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| J. Allen HYNEK | Editorial | 2 |
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| David SEARGENT | The Lama & The UFO | 2-5 |
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| Keith BASTERFIELD | Vehicle Effects - Some Further Observations | 5-7 |
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| R. DELILLO, R.h. MARX | Rationality...Whose? | 8-10 |
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| Keith BASTERFIELD | A Psychological Explanation for a Reported Entity Event | 10-14 |
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| David RENEKE | The Air Force UFO Statistics - & You! | 15-16 |
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| Keith BASTERFIELD | A Short Comment on the RAAF Annual Summary of Unusual Aerial Sightings 1977 | 16 |
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| David RENEKE | CREST: A Major Step Forward | 16-17 |
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| Fred MERRITT | Statistical Notes from UFOCAT: Sighting Duration by Report Type | 17-21 |
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| | 1977 USSR UFO Sighting | 22-24 |
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| Keith BASTERFIELD | Documentation and a New Source Catalogue | 25-26 |
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| | Live Beings "Came from UFOs" | 25-26 |
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| | A.C.O.S. News | 26 |
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| | UFO REPORTS FROM AROUND AUSTRALIA | 26-29 |
