The search-volume corrected period distribution of contact binaries of the W UMa type appears to reflect primarily the constant number ratio of \simeq 1 / 500 to the number of stars along the Main Sequence ; there exist no evidence for angular momentum evolution . The maximum in contact binary numbers is located at shorter periods than estimated before , P \simeq 0.27 d. The drop in numbers towards the cut-off at P \simeq 0.215 - 0.22 d still suffers from the small number statistics while the cut-off itself remains unexplained . Only one out of seven short-period ASAS variables with P < 0.22 d have been retained in the sample considered here within 8 < V < 13 ; this short-period field-sky record holder at P = 0.2178 d should be studied .