Walter J. Cogan, the general chairman, and James F. Servino, the commodore, have announced that the 42nd annual Rudder Club Christmas Reception and Party will be held on December 2, at the Vista International Hotel, 3 World Trade Center, New York City, in the Nieuw Amsterdam Ballroom. Tickets are $60 including a gift. The reception begins at 5:30 p.m. Additional information may be secured from Jeff Blinn at Moran Towing, One World Trade Center, Suite 5335, New York, N.Y. 10004. Telephone (212) 466-3692.