This document is a newsletter from the Study Circle for the Postal History of Carpatho-Ukraine. It discusses upcoming changes to the newsletter's editorship and distribution methods. It also provides summaries of items from a recent philatelic auction featuring Carpatho-Ukraine postal history. Additionally, it shares pictures and details of postal history items exchanged between locations in the Carpatho-Ukraine region during the late 1840s-early 1920s time period.