Prior to the 1990's, programs were produced for only the 1934 and 1935 Masters (then called the Augusta National Invitation). These rare programs from those first two tournaments have gained a sort of legendary status among Masters Collectors, and are among the rarest of all Masters Memorabilia. Interestingly, the 1935 Masters Tournament Program is even more scarce than the program from the inaugural Masters. 

The 1935 Masters is quite possibly the most famous Masters Tournament in history. Then considered simply a nice, small invitational tournament, Gene Sarazen famously put the tournament on the map with his double eagle on the 15th hole on Sunday that catapulted him to victory. Only a handful of items from the 1935 Masters Tournament are known to exist. With the exception of Sarazen's 4-wood and ball from his "shot heard 'round the world" that are currently in the possession of Augusta National Golf Club, this is the single greatest piece of memorabilia from the 1935 Masters.

Fantastic shape on this famously-condition sensitive program. Perhaps the best we've seen. Partial crease and lower right corner bend are the only things to mention. Very little wear. Tight binding and crisp pages.