Included in this issue:

• John Kopf’s “Squires Reel” – Henry Caldwell & Roger Schulz
• Kentucky Reel Museum Opens in Frankfort – Matt Wickham
• Olympic HM4 and HM-Auto 40 Reels – Dr. Todd Larson
• A Guide for Grading Reels – Steve Vernon
• A Hobby or an Addiction? – John Stephenson
• The “Wells ” Reel – Complied from Reel Talk by Richard Lodge
• The Auction Report – Richard Lodge