1981
Issue 34
January
PENTHOUSE (SPAIN) magazine cover Issue 34 January 1981
Issue 35
February
PENTHOUSE (SPAIN) magazine cover Issue 35 February 1981

On cover:
Barbara Peckinpaugh
Issue 36
March
PENTHOUSE (SPAIN) magazine cover Issue 36 March 1981

On cover:
Demi Moore
Issue 37
April
PENTHOUSE (SPAIN) magazine cover Issue 37 April 1981

On cover:
Sibylle Rauch
Issue 38
May
PENTHOUSE (SPAIN) magazine cover Issue 38 May 1981

On cover:
Barbara Schaeffer
Issue 39
June
PENTHOUSE (SPAIN) magazine cover Issue 39 June 1981

On cover:
Alana Wilson
Issue 40
July
PENTHOUSE (SPAIN) magazine cover Issue 40 July 1981
Issue 41
August
PENTHOUSE (SPAIN) magazine cover Issue 41 August 1981

On cover:
Janine Andrews
Issue 42
September
PENTHOUSE (SPAIN) magazine cover Issue 42 September 1981

On cover:
Diane West
Issue 43
October
PENTHOUSE (SPAIN) magazine cover Issue 43 October 1981

On cover:
Caroline Cossey
Issue 44
November
PENTHOUSE (SPAIN) magazine cover Issue 44 November 1981

On cover:
Sian Adey Jones
Issue 45
December
PENTHOUSE (SPAIN) magazine cover Issue 45 December 1981