- Dated October-November 1981. ISSN 0307-3335 on cover.
- Side-stapled, no cover price.
- Cover art is uncredited, no visible signature.
- A column of very brief news snippets (credited to "Various" on the Contents page) appears on page 24.
| Page | Type | Kind | Title | Author(s) |
|---|---|---|---|---|
| 3 | Essay | Non Fiction | A Day in the Life | Alan Dorey |
| 3 | Essay | Non Fiction | Old Times Revisited? | John Harvey |
| 5 | Essay | Non Fiction | Focus Lives! | Dave Swinden & Chris Bailey & Allan Sutherland |
| 6 | Essay | Non Fiction | Who Writes to Who? | Iain Byers |
| 7 | Essay | Non Fiction | Faircon '81 or Return of the Killer Haggis | Christina Lake |
| 8 | Essay | Non Fiction | SF on BBC Radio | Phillip Nichols |
| 9 | Essay | Non Fiction | Review of the film 'Excalibur' by John Boorman | Martyn Taylor |
| 11 | Essay | Non Fiction | Review of the film 'Escape from New York' by John Carpenter | Jim Darroch |
| 12 | Essay | Non Fiction | Review of the film 'Heavy Metal' by Gerald Potterton | Jim Darroch |
| 13 | Essay | Non Fiction | Fanspeak | Steve Green |
| 17 | Essay | Non Fiction | Life on Mars (Matrix 38) | Steve Green |
| 19 | Essay | Non Fiction | Deep Cuts (Matrix 38) | Simon Ounsley |
| Page | Type | Kind | Title | Author(s) |
|---|---|---|---|---|
| Editor | Non Fiction | Matrix - 1981 | Graham James | |
| 4 | Interior Art | Non Fiction | Cartoon: no caption (Matrix 38) | uncredited |
| 5 | Interior Art | Non Fiction | Cartoon: "Join the B.S.F.A." | Pete Walker |
| 18 | Interior Art | Non Fiction | Cartoon: "It'll be safe here" | John Dell |
| 23 | Interior Art | Non Fiction | Cartoon: no caption (Matrix 38) | John Dell |