- Front cover: Nankai's 50000 series Rapi:t train for services to the new Osaka International Airport
- Committee, Exhibitions
- Contents, Meetings
- Chairman's Chat
- Model News
- Model Review
- The JR '381' class
- Hokkaido Overview
- News Update
- Reminiscence of the railways of Japan in 1946/47
- Back cover: Hokkaido DMUs
Front cover: Nankai's striking 50000 class Rapi:t Kansai Airport Express train