Treasure is the third studio album by Scottish alternative rock band Cocteau Twins. It was released on 1 November 1984 by 4AD. With this album, the band settled on what would, from then on, be their primary lineup: vocalist Elizabeth Fraser, guitarist Robin Guthrie and bass guitarist Simon Raymonde. This new lineup also coincided with the development of the ethereal sound associated with the band's music. Read more on Last.fm.