Der letzte Held is a German roleplaying magazine mainly featuring Das schwarze Auge, but later also content for Midgard.
The fanzine was self-published by members of the DSA club "Die Letzten Helden" in Braunschweig during its first years, but with issue 22 it was transferred to the Drachenland Verlag. 44 issues were published in print, the last four issues 45-48 were published as free PDFs. Issues 1-13 were retrodigitized and re-released as free downloads, too.
The oldest issues saw some revised re-releases and reprints collecting some materials from various issues, but also integrating new content into the re-release.
Also see the series of the same name, Der Letzte Held (Series), in which publisher Drachenland-Verlag re-released material from the fanzine.