Vol. 1, No. 4 (Winter, 1960). About fine. 
Journal of The Society of World War I Aero Historians issued in Santa Ana & later in Manhattan Beach, California. This issue is a second printing from August, 1964. It contains "A Brief History of No. 56 Squadron, R.A.F." by H. H. Russell, "The Facts of Linke-Crawford's Demise" by Capt. Riccardo Cavigioli, "The Pfalz D.III 160 H.P. Mercedes Engine: A Technical Evaluation Performed by 'Flight & The Aircraft Engineer,'" "The War Experiences of Livingston G. Irving, USAS," etc.