FM Trainmaster Diesel
1955 - 1958

Page Last Updated 8/05/04

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The 2331 Virginian FM Trainmaster is a realistic and scale-like replica of the real life Trainmaster. Lionel's version of this locomotive has a well-deserved reputation for being a top-of-the-line diesel with excellent durability and strength. The 2331 was the second FM Trainmaster introduced by Lionel in the postwar era -- the first being the 2321 Lackawanna from 1954.

A common problem with Lionel's Trainmaster are the screwholes on each end of the shell. In most cases, hairline cracks are in the shell running from the bottom of the screwhole to the bottom of the shell. Locating a shell without these hairline cracks is rare.

Standard features of the 2331 include: dual motors, Magnetraction, three-position E-unit, illuminated headlights and numberboards at each end, dual operating couplers, functional horn plus wire handrailings and an ornamental horn on each side.

Additional Detail, Photos & Box Information

The initial production run of 2331 Virginian FM Trainmaster diesels used leftover 2321 Lackawanna gray shells and were painted either yellow and blue or yellow and black for the Virginian colors. Both of these gray shell versions were produced in early 1955 and are difficult to locate, especially in collector condition.

Gray Shell Painted Yellow and Blue - A yellow and blue painted Virginian is scarce.
Gray Shell Painted Yellow and Black - The yellow and black painted Virginian is rare.
Blue Shell Painted Yellow - Shown in the photo above - The common version. It was produced from early 1955 until 1958.

2331 Virginian FM Trainmaster Diesel
Click on each Variation for a Photo
Variation Years .Box TypeYears
Gray Shell - painted yellow & blue 1955:Corrugated Brown1955 - 1958
Gray Shell - painted yellow & black 1955:~ ~ ~ ~~
Blue Shell1955 - 1958:~ ~ ~ ~~

Inventory For Sale
The following inventory is available for sale from our website sponsors.

2331 Virginian FM Trainmaster Diesel
Click on the sponsors name for contact information.
Available inventory as of Sat Feb 13 03:00:01 2016 .
There are no 2331 items currently available for sale.
Table generated at Sun Feb 14 00:29:10 2016 .

Historical Sales
The following is a list of actual completed sales for this item.

Sales History
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All Aboard Train Shoppe7+$595.00Thu Mar 22 10:37:59 2012 This is an extremely clean, all-original yellow and blue Virginian produced during the mid-1950's. This one has been cleaned, serviced, tested and runs like a champ! Other than the typical screwhole cracks on the ends, there is no damage to the shell.
All Aboard Train Shoppe8/OB$1100.00Mon Aug 6 18:28:04 2012 Up for sale is the somewhat scarce black and gold Virginian from 1955. This diesel looks amazing, the exterior colors are vibrant, the lettering is crisp and there's not a mark nor blemish on the exterior! Additionally, the frame, trucks and interior are just as clean as the exterior.
Table generated at Sun Feb 14 00:29:10 2016 .

Related Paper Products For Sale
The following inventory is available for sale from our website sponsors.

Click on the Description for purchase details.
DescriptionSheet #DateConditionPriceComments
There are no related paper items currently available for sale for this product.
Table generated at Sun Feb 14 00:29:10 2016 .

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