"Friends Of Ol' Marvel" Subscription Only Quarterly Magazine. Entire series included here for completeness and to "record" this difficult to find series.

Special Spider-Man Issue contents:

"Bullpen Bios" - with many rare photos of Marvel creators
FOOM Contest - Create a new Character - Winner Announced: Humus Sapiens by Michael Barreiro:

Another interesting entry:

Spider-Man Word-Game
"Far-Out Fanfare And Infoomation!" - Look at upcoming Comics & Magazines (this issue includes ASM #128)
Various Word-Games
"Showdown" - Spider-Man Issue checklist (ASM & MTU)
John Romita Pin-Up Page with many Spider-Man related characters
"Everything You Always Wanted To Know About Spider-Man" - History of Spider-Man
"The Amusing Spider-Guy" Comic Strip

Back Cover with new Avengers art.