|A publication, usually sponsored by an organization, which is supposed to appear annually, but probably appears only once. It is supposed to survey and summarize the work of the past year. Notable ones were the FANTASY REVIEWS of '45 and '46, brought out by Joe Kennedy, and the 1948 one produced by Ackerman and the Fantasy Federation. Not connected with any organization are the yearbooks which appeared up to about 1944 indexing proz and listing fan magazines.
[from Fancyclopedia 2 Supplement ca. 1960: The 1948 Annual was indeed mimeoed by the LASFS and paid for by 4e's left pocket, the Fantasy Foundation, but it was the brain-child of Don Wilson and Redd Boggs, and after Wilson dropped out Redd did everything but mimeo and mail it.]