| Issue | #4 |
| Published | April 1951 |
| Frequency | Bi-monthly |
| Cover Price | 0.10 USD |
| Pages | 36 |
| Characters | Billy the Kid |
| Genre | Western |
| Pencils | ?; photo |
| Inks | ?; photo |
| Colors | ?; photo |
| Notes | The cowboy in the photograph looks like singing cowboy Eddie Dean. |
| Synopsis | Subscription ad for Children's Digest. |
| Letters | typeset |
| Characters | Billy the Kid; Toby Preston; Fred McGurk; |
| Synopsis | Billy helps a young boy fight a crooked banker. |
| Genre | Western |
| Pencils | Jack Sparling |
| Inks | Jack Sparling |
| Characters | Herd of horses; unnamed Indians; unnamed trappers |
| Synopsis | Story about wild horses. |
| Genre | Western |
| Pencils | Jimmy Thompson |
| Inks | Jimmy Thompson |
| Letters | Jimmy Thompson |
| Characters | Li'l Abner; Daisy Mae; Mammy Yokum; Pappy Yokum; other Dogpatch characters. |
| Synopsis | Orange Crush ad. |
| Genre | Humor |
| Pencils | Al Capp |
| Inks | Al Capp |
| Notes | Some of the best art in the book is in this ad. |
| Characters | Billy the Kid; Deputy Pete Jameson; Zuko |
| Synopsis | Yet another variation of "The Most Dangerous Game" with Bill as the hunted this time. |
| Genre | Western |
| Pencils | Ed Winik |
| Inks | Ed Winik |
| Characters | Sheriff Ben Crabtree; Slim Hammerill; Luke Byrnes; |
| Synopsis | Exciting times in Carson City. |
| Script | Donald George |
| Letters | typeset |
| Synopsis | Ad for a dance booklet published by Pioneer Publications, Inc. |
| Letters | typeset |
| Synopsis | Pete takes a look at the new railroad. |
| Genre | Western; humor |
| Synopsis | Ad for a combination cigarette lighter and case. |
| Pencils | Lou Fine |
| Inks | Lou Fine |
| Letters | typeset |
| Synopsis | Body-building ad for the Jowett Institute of Physical Training. |
| Letters | typeset |
| Notes | inside back cover |
| Synopsis | Ad for Rocket Wholesale Co. |
| Letters | typeset |
| Notes | back cover |