The 1968 Best Fanzine Hugo was presented September 1 at Baycon. Baycon seems to have had a very schizophrenic attitude towards releasing the order of finish in the various categories. The always listed the second place finisher, but only sometimes did they list third place, and they did not rank anything that finished lower than third place.
- #2 Australian Science Fiction Review ed. by John Bangsund
- Lighthouse ed. by Terry Carr
- Yandro ed. by Rob Coulson and Juanita Coulson
- Odd ed. by Raymond D. Fisher
- Psychotic ed. by Richard E. Geis