The Hollies did sustain popularity, even when personnel changes threatened to ruin a winning sound. Graham Nash, whose voice was one of the most distinctive aspects of the Hollies, and in large responsible for their popularity, was growing disenchanted with what he was considering a rut. Musical tastes were changing, and the band that rode the crest of the first British Invasion as a Beatgroup, was now faced with the epic upheaval of psychedelia and something of a crossroads - to either continue as a hit-making pop group or travel to uncharted territory and try something new.

The results for the time (in 1967 and early 1968) were a series of moderately successful songs before Nash's final departure some months later.

But during that period of upheaval there were some interesting bits. During the final period with Nash they did this album, Butterfly, which was not issued as Butterfly in the U.S. and featured one minor hit "Dear Eloise" which was not issued as a single in the UK (confusing, I know). One of the other tracks on that album, which got sporadic airplay on some of the fledgling underground stations at the time was this one, Would You Believe, and its one of those neglected tracks that was part of a band in transition.