Rabaul was laid down 2 January 1945 by Todd Pacific Shipyards[?], Tacoma, Washington, launched 14 June 1945, sponsored by Alice Schade[?] (wife of naval architect Henry A. Schade), completed by the Commercial Iron Works[?], Portland, Oregon, and delivered to the Navy 30 August 1946.
Accepted by Commander, 19th Fleet (Pacific Reserve Fleet[?]), Rabaul was berthed at Tacoma. Reclassified CVHE-121 in June 1955, she was transferred to the San Diego Group, Pacific Reserve Fleet in June 1958 and reclassified AKV-21 in May of the following year. She remained in reserve at San Diego until 1 September 1971 when she was struck from the Naval Vessel Register. Rabaul was sold to the Nicolai Joffe Corporation[?] of Beverly Hills, California, for scrapping.
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