Volume IV: 1970-1980. Photographed by Donald C. Neal & Tom McComas. First printing, March 1980. Printed in the USA.
"As the turbulent decade of the 1960s was ending, the future of the Lionel Corporation was uncertain. Toy train sales had diminished and Lionel, a name that surveys showed to be as recognizable as Sears, as quality-evoking as Cadillac, was in danger of going out of business."