Tape 3 - The conversations center on Trotsky. First, Myers and Wolfe discuss how Trotsky arrived in Mexico. Following exile in France, Trotsky arrived in Mexico after Diego Rivera appealed to the Mexican president for Trotsky's asylum. There, Trotsky moved into one of Rivera's houses, but eventually moved out due to conflicts during debates the men would have.

The conversation then moves onto quickly discussing various topics: Trotsky's papers at Harvard, the Herbert Solow papers at the Hoover Institution, the founding of the communist opposition, the conviction of the Wolfes' beliefs during all their work for communism, returning to Russia.

While discussing Russia, they touch several topics. Among them is Stalin, and Bertram's interactions with him. Ella describes his physical features, and says one always knew Stalin was a thug whenever he spoke. She describes life back in Russia, dealing with Soviet authorities in daily life. She says this was when her disillusionment with communism began. She says that the Russia she was returning to "felt like a different country," singling out how her barber was opening her mail with a steamer in his downtime. This caused the Wolfes to reconstruct their lives, returning to their shared love of Spanish literature. The reconstruction of their lives inspires a dialog that describes their daily lives in the following years and obstacles she overcame.

The next conversation deals with the fallout of breaking with an ideology. The first story is about interacting with the Party in the late 1940s. In one story, one party member that dared to greet the Wolfes near the Party headquarters in Union Square was threatened with expulsion if he did so a second time. Moving on, she discusses Bertram's efforts to work with the State Department and writing articles for Foreign Affairs. Following, they return to discussing Trotsky and Mexico in the light of them having broke with communism. The conversation ends by with her family life growing up and how her parents' beliefs would later influence her interest in Marxism.

The final discussion on the tape concerns two figures she met in Mexico: Carlton Beals and Luis Alberto Sanchez, though most of the time is spent on the former. Beals once claimed Ella saved his life.