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Looking forward to seeing your Build Tim. I have 2 in my stash that I will do oneday but have never seen one built up. Will watch with interest.....Cheers Mark 
Wow, TWO in the stash! Man, you have your work cut out for you. 
As I begin the blog, I thought I'd share my impressions of the kit for those who may not be familiar with it:
Revell's 1/232 scale Olympia is one of their "box-scale" classics, first appearing in 1959 in white, tan, and dark brown plastic (kit H-367-198). Sometimes confused with the 1967 Pyro 1/228 Olympia (later reissued by Life-Like and Lindberg), Revell’s Olympia is an entirely different, and far superior, kit. It has been issued numerous times over the years, including by both Revell and Revell UK in 1974 (H-443), Revell-clone Advent  in 1979 (2552), and Revell “History Makers” series in 1982 (kit 8623, in gray plastic). It was also issued in the late 1980s by Tsukuda Hobby of Japan (kit C01) and more recently by Revell-Monogram in 1999 (5026), which is the one I'm building. This Fall Encore Models (Squadron Mail Order's house brand) announced their reissue of  the old Revell plastic as a "premium edition" kit with resin propellers and stern torpedo tube cover, extensive photoetch upgrades, turned brass replacement gun barrels, and a press-on wood deck from KA models, as well as brass display pedestals and a wood base. I haven't seen this issue yet, but if you are considering doing a Revell Olympia it looks like this is definitely the one to start with! 
The kit has been criticized for its somewhat heavy detailing, molded in rail stanchions and 1950s-era moving features such as a turnable rudder and davits that lower and raise. Even with these weaknesses though, it is still a pretty good kit. Checking the dimensions against the 1895 Booklet of General Plans for the ship, the model scales out perfectly. Hull, superstructure, and 8 inch turret dimensions are dead on. Shapes are correct as well. Unlike many of Revell’s early ship models, this one has an accurate hull including correct underwater hullform and well executed screws. Scuttles, hatches and other details are credibly represented and appropriately placed. Highlights include nicely rendered canvas detail on the main hatch frame cover, excellent decals (including federal shield for the bow, stern nameplate, and flags), and no molded-in anchor chain to mar the raised planking detail on the foredeck. I also liked the nicely done clinker-plated hull detail on the boats, the delicate one-pounder guns, and the tiny three-part open spoked helm. Details are sharp and parts fit overall is decent, so the casual modeler can assemble the model without heartburn into an attractive display piece right out of the box.
For the more ambitious builder there are some challenges. Photos of the preserved USS Olympia show that the extensive rivet and plating details on the kit hull, though accurate, are a bit heavy. These details are visible, but the actual hull sides appear quite modern and fairly smooth from any distance. You can sand the kit details down or leave them for “impressionistic” effect. Also, while the deck planking detail is good, there are hard to conceal seams where the fantail and the foredeck attach to the main deck. A more serious problem is the guns. While the one-pounders are quite good, the simplified depiction of the hull mounted six-pounders is passable only if the casemates are shown closed. When open, the unshielded gun mounts should be visible inside. Also, Revell incorrectly depicted Olympia’s 5 inch battery in individual enclosed niches. These guns were actually arranged along an open gun deck within the superstructure, something like that on an old sailing ship of the line. If you open up the niches you must also fill the hole in the kit main deck under the superstructure which then becomes visible behind the guns. In addition, though useable, the weapons themselves are very basic. Upgrades might include photoetch details (both Gold Medal Models and Tom’s Modelworks have sets especially for the Olympia) and turned brass gun barrels (B&D set 23201). These enhancements dramatically improve things, but even without them this venerable kit from the dawn of plastic ship modeling should build into a good looking model.  

The first part of the build was to assemble the hull halves. I kinda liked the kit provided stand/nameplate, but my wife pronounced it UGLY, so I replaced it with with cheap brass lampshade risers from Home Depot. She was right; they do look better.