The Lionel Lackawanna Fairbanks-Morse Trainmaster No. 2321 would be available from 1954 until 1956. This was the first of the Fairbanks-Morse Trainmasters and it would be produced on a GRAY body with YELLOW trim and a MAROON side stripe and heat-stamped lettering. This body was screwed on to the chassis at the ends where body cracks are frequently found around these screws.

This diesel was equipped with Magnetraction, interior lights at both ends, dual vertical worm drive motors, horn, three position directional unit that is adjustable from the bottom, and operating disc couplers at both ends. Note the flanges on the wheels on the inner axles are missing. This is so that this engine could negotiate the tight radius of Lionel’s O Gauge track. This engine will not operate on O27 Gauge track.

There are three variations:

Variation A: RED/MAROON painted roof and striping (early 1954).

Variation B: DULL MAROON painted roof and striping (late 1954).

Variation C: GRAY roof (1954-56).