The Yankee 38 is an American sailboat that was designed by Sparkman & Stephens as racer-cruiser and first built in 1972. The design was a development of the 1971 IOR One Ton Cup racing boat Lightnin. The Yankee 38 design was developed into the Catalina 38 in 1978, after went out of business and the molds were sold to Frank V. Butler.