On behalf of the American Psychoanalytic Association its President announces 'the birth of a new psychoanalytic journal'. Its cordial reception by, and relationship with, the three older psycho-analytic journals is stressed. The new journal will be the 'official' journal of the American Psychoanalytic Association by virtue of the inclusion of the Bulletin of the American Psychoanalytic Association. The new journal should 'prove to have met an essential need of the members of the Association and of other professional people, here and abroad, who follow the progress of psycho-analytic thinking'.