An improved in-line reel and rod assembly has a reel body mounted to the end of a hollow rod blank with or without a handle mounted between them. The reel body is made up of a reel outer body and a reel inner body, which could be constructed as a unitary structure. The reel outer body holds the spool shaft, drag and drag knob. A spool is removable for quick access to the line and is over-sized for greater line capacity. A disc drag system provides detent micro-adjustment for the angler. The reel inner body is designed to guide the line from the reel spool into the rod blank and io to keep fishing line damage to a minimum when fighting a fish. A larger diameter spool is used to minimize line twist and holds more line. A spring bobber is integrated into the rod blank at its distal end.
