Dragon magazine 48

Dragon issue 48 was released in April of 1981. It contained the following articles related to the Forgotten Realms:

The Dragon's Bestiary

 * By Roger E. Moore and Ernest N. Rowland. p. 10–12

A selection of underwater creatures, including the water-horse.

Bazaar of the Bizarre

 * By Roger E. Moore. p. 12, 85

A very small list of undersea magic items.

The Druid and the DM

 * By Tim Lasko. p. 21

Advice on playing druids, including some suggested rule changes.

Up on a Soapbox: When choosing a DM, be choosy!

 * By Fred Zimmerman. p. 28

Some old school, usually common sense advice for choosing a good DM when the old one burns out or moves.

Carrying a heavy load? Let a mule do it for you!

 * By Robert Plamondon. p. 52

A mule lets you carry more gear.

Instant Adventures

 * By Michael Kelly. p. 60

A list of a couple dozen adventures types (e.g. intrigue, salvage, one-on-one duel, etc), with the basic requirements, the amount of time it takes for a GM to prepare for the adventure, and some notes.

Leomund's Tiny Hut: Mission control

 * By Len Lakofka. p. 63–67

A formula for using the total XP earned by a party of adventurers with the XP to determine the power level of their opponents.