This is Dragon Magazine 55, from November, 1981. That cover is some prime grade Erol Otus and I believe it is the only cover Otus did for the magazine, which is mind boggling to me.
![](https://www.vintagerpg.com/wp-content/uploads/2024/05/Dragon-5-4-1024x1024.jpg)
The most noteworthy thing in the issue, for me at least, is Ed Greenwood’s review of the Fiend Folio. He hated it, pretty much.