Introduced in 1937, a less-expensive sister of the Model 39.
This model had a blued receiver, with low serial numbers featuring a letter before the numbers. First introduced in 1939 with a new long beavertail forearm and round barrel. In 1940 variation of the design was introduced with a straight-grip stock. A Mountie version of this rifle was presented to Gail Davis, who played Annie Oakley on Broadway in 1958 and used the rifle in the show. A number of variations of this popular rifle have been introduced in the succeeding years.