News - Tangmere sold, Weardale goes bust, successful winter galas for NNR and GCR, Locomotion up for an award.
The Nene Valley Railway - BR '5MT No. 73050 is nearly ready to return to steam, so what's in store for Britain's 'International' railway?
The 'Scotsman' survey - What goes in to maintain the world's most famous steam engine? We visit the NRM to find out.
Review of the year - 2004 - It was steam's bicentennial year - we take a nostalgic look back at the highs and lows of 2004.
Gallery - Always the very best in photography - Steam Railway presents the cream of the winter crop.
Industrial Survivors: Part 1 - We present the first part of our comprehensive round up of Britain's surviving industrial steam engines
Mailbag - Further thoughts on Lions fate - and were GWR engines more reliable than those on the LMS?
Shining 'City'...Steam Railway demonstrates the finer points of engine cleaning with the help of City of Two.
Construct a coach in two days! - Can the Steam Railway team meet the Ffestiniog's challenge to build a coach body in 48 hours?
Reviews - The latest steam-related products scrutinised by our experts - always the true story!
Down Main - 'Black-box' data recorders may soon be compulsory for mainline steam... it's another big cost.
Subscription Offer - Just £40 for 13 issues - plus a great gift - if you take out a regular subscription to the top steam magazine
World News - A bid is launched to save legendary engineer ID Porta's first locomotive - and steam is still alive in Pakistan.
Eastleigh axed - With the shock news that it's to close, Steam Railway pays tribute to the former Southern works at Eastleigh
Top Link - Mike Notley looks back at steam on the mainline in 2004 with his version of the 'Oscars'-, the Mikes'!
If Only...Steam Railway presents the first in a series of portraits of iconic engines that missed out on preservation.
The Directory - It may be cold outside but there is plenty of steam action about to warm you up!
Mixed Traffic - A black 'Dukedog' at the Bluebell, capuchon query answered and a train made out of trees.