6 THE AMERICA FLAG AT SEA: ls Our Military Unwittingly Helping to Scuttle the US Merchant Marine? by David A. O'Neil •
8 CAPE HORN ROAD, X: Francis Drake Wins Freedom of the Seas by Peter Stanford •
12 Francis Drake at Cape Horn by Raymond Aker •
14 Karl Kortum's Enduring Legacy by Steve A. Hyman, et al. •
17 Under Sail in European Waters Photographs by Thad Koza •
20 Building a Modern Maritime Tradition by Jerry Roberts •
24 MARINE ART: James & John Bard by A. J. Peluso •
30 History Is In the Air at Sagres by Joseph Callo •
33 U-Boats and Rockets by Henry Keatts •