I picked up the "new" Target Masterpiece yesterday and photographed it along side of it's slightly older brother. As far as I can tell the older one is from 1948 and the newer from 1949. The newer one is wearing Pachmayr grips, the older one more traditional furniture. As far as I can tell they are identical except for the barrel profile and rib profile (and weight of course). The older one has a rib that measures about 0.275" wide at the rear end and about 0.185" at the muzzle. The newer one has a rib that measures about 0.625 at the rear and about 0.550 at the muzzle. The older one has a barrel with a noticeable taper beginning shortly in front of the frame and tapering to about 0.575". The newer one has a barrel with no obvious taper beginning about 0.715 immediately in front of the frame and ending about 0.650 at the muzzle. (The yellow paint on the sights is me.) I haven't shot the "new" one yet. The old one shoots much better than I can hold.