| REASON TO BELIEVE - V1a take 1 | 4:00 | LM-1 |
| REASON TO BELIEVE - V1b take 1 | 4:02 | NEBRASKA |
| REASON TO BELIEVE - V1c take 1 stereo mix | 3:56 | NEBRASKA |
| REASON TO BELIEVE - V2 take 2 | uncirculating | |
| REASON TO BELIEVE - V3 | 3:34 | private |
| REASON TO BELIEVE - V4 | 0:50 | private |
| REASON TO BELIEVE - V5 | uncirculating |
Note: On January 3, 1982 two complete recordings were made but only one has surfaced, which is take #1. This take circulates in three different mixes. The second (unused) take has an extra verse. Inspired by Springsteen's own experience driving down Highway 33 on his way to Millstone, a township in Monmouth County. V3 is a full-band rehearsal (missing the opening lines) of the song Springsteen recorded solo in January 1982. This performance is a work-in-progress, with some lyrical variation including an extra third verse, suggesting it was recorded before "Reason To Believe" was completed, probably during a band get-together at Springsteen's house some time between the end of the River Tour and late December 1982. The first verse is sung by Springsteen alone accompanied by electric guitar, before drum and bass join in for the rest of the song. A driving beat features throughout. V4 is a short take of just the second verse. V5 is multiple studio takes from April 27–28, 1982 at Power Station. These takes could be solo or with the band.