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The MC-505 is older than the MC-307 but has more individual outs, an integrated power supply, a D-Beam and a variety of other additional features. On the other hand, the 307 offers other control options. The following review of the 307 makes a fair number of comparisons between the two: http://www.sospubs.co.uk/sos/jun01/articles/rolandmc307.asp If you want a 505, I would be willing to sell mine. It's in great condition. Never been on the road (not even to a looping festival). Mark