本論文由作者／編輯群、文本、文化三大脈絡切入，以此觀察晚清四大小說之一的《月月小說》。藉由此環環相扣三者，以考察《月月小說》作為一本小說、文學刊物之主體性，及其在文學史、小說發展史上的意義。 第一章緒論，說明本論文之研究動機、相關文獻回顧，以及研究方法與步驟，以此作為本論文之基礎；第二章討論《月月小說》聚合的作者／編輯群體，探討其小說觀、知識狀態及編輯行為，我們可從中了解，《月月小說》除了「啟蒙」的重責大任外，更具備了小說休閒、趣味、通俗的本色。而小說家們選擇了融合新舊的文化道路，以此回應當時社會的諸多問題。 第三章討論小說敘事的轉變，透過對傳統小說技巧挪用的考察，以及對「譯」、「述」的梳理，可知《月月小說》對於「小說」文類具有高度的自覺與嘗試；第四章為小說題材類型論，將《月月小說》的小說文本分為趣味、道德、啟蒙三大部分考察，即便就表面看來十分不精準且雜亂的分類，仔細探究後，仍可見其中各自的特性與相互對話之處；第五章討論小說的時事與社會關注，以文本世界為中心，考察小說如何重寫時事。可以發現，《月月小說》雖揭露、陳列許多問題，但卻用小說的幽默、趣味筆調消解了當中的重量，用笑聲翻轉了政令、美德的價值。 第六章著眼於《月月小說》其他文類的作品，由此我們發現，《月月小說》透過多種文類去支撐、呼應其刊物主旨，但在隨筆、燈謎等文字背後，卻折射出了知識遊戲的光芒，凸顯了對啟蒙的質疑，以及其中休閒的可能。 第七章為結論，總述先前論點，並提出本論文之觀察：《月月小說》在近、現代小說史上，正巧連接了「新小說」（文學啟蒙）和「禮拜六」（文學休閒）兩者，並為充滿啟蒙、現代性智識體驗的晚清小說，開啟了其他面向的風景。 / I attempt to analyze The All-Story Monthly(《月月小說》) which is one of the 4 modern times novel magazines in 3 ways that are authors-editors, text and culture. I attempt to derive the subjectivity of The All-Story Monthly from these 3 ways, and elucidate its meaning of literary history and the development of fiction history. The first chapter is an introduction of this essay. In second chapter, I discuss the authors-editors. I conclude that in addition to enlightment, there is an interesting gist of The All-Story Monthly . In third chapter, I discuss the transition of narrative skills. To study the using of traditional narrative skills and analyze the texts of translations, we could comprehend that the authors tried various methods to vary narrative skills with highly conscientious of “novel”. In forth chapter, I discuss the classified catalogues of The All-Story Monthly. In my opinion, there is a distinct theme of each catalogue and they all rely on the gist of the magazine. In fifth chapter, I study the difference between novels and essays which using same social materials. It is clear to perceive that authors using an interesting way to “rewrite” news or histories. In sixth chapter, I deliberate about the texts of other literary genres. There is a leisure literary phenomenon in these texts. In seventh chapter, the conclusion, I present that The All-Story Monthly is a significant magazine of Chinese modern times literary history. It is a transition stage between Xin Xiao Shou(新小說) (literary enlightment) and Li Bai Liu(禮拜六) (leisure literature).