8vo. Title, with stamped limitation number ("7"); verso illustration; 275 - 344 pp. Finely printed limited issue periodical publication with contributions from Drieu La Rochelle, Pierre Reverdy, Tristan Tzara, Erik Satie, Pablo Picasso, Marcel Raval, Jacques Porel, Marcel Arland, René Crevel, Pierre de Massot, and "Quelques Fous." Illustrated with 10 drawings by (including two hors - texte), and with the lithograph portrait of Satie by Picasso. This issue includes also a first publication of an extract from Satie's "Chronique Musicale - Mémoires d'un amnésiac" as well as the first publication of the fourth song of the series "Ludions," which appears here in manuscript facsimile and which would not be published by Rouart-Lerolle until 1926. The issue in very fine condition, with one small blemish to the front wrapper, else fine.