The first "new style" 498 reel especially designed for tournament casting. From this point on, the 498 is this style. Notice there is no "lock down nut" on the handle shaft. When the manual pickup is folded back for casting, the spool locks in place automatically preventing the turning of the spool and the handle. To retrieve the line, you have to flip the PUM back to it's normal position by hand. Super Rare!