The cover layout changed for issue 77 (January-February 1977) of Panzerfaust and Campaign, avoiding a need for a full bleed, but overall format of the magazine stayed the same.

Contents:
The 40th Regiment of Foot * Gregory J.W. Urwin
Armies of the Waterloo Campaign * Kerry Hanscom
From Panzer Leader to Pz44 and Back Again * Patrick A. Flory
Strategy in Third Reich * Bill Bishop
Is Everyone Out There Mad? * Norman S. Howe
WWII: A German Victory * John M. Astell
Game Design: The Monster That Ate SPI (We Hope Almost) * John Prados
Thumbnail Analysis * Editor
Book Review * Don Lowry
Mail Call
G2 Reports * Editor

Available on Wargame Vault.