Here are the release notes for Aces High III Version 3.03 Patch 12.
/********************** version 3.03 patch 12 ************************/
1. "End Sortie" now shows green when in a ship or field defense gun.
2. Fixed a bug where bump mapping looked like dimple mapping.
3. Added a splash effect to torpedo hits.
4. Fixed a bug with the M3 causing a CTD if the 75mm was loaded.
5. Modified the 8 inch gun sound to try and isolate the CTD in ships. May or may not fix the CTD.
6. Fixed a bug where the P51 would not set it's load out correctly when changing arenas.