We introduce quasi-cyclic codes of index 1(1/3), and construct a class of such codes generated by pairs of polynomials. By investigating the pair of circulant matrices associated with the generator pair of polynomials, we obtain the generator matrix of any code of the class. Using a probabilistic method, we prove that, for any positive real number δsuch that the asymptotic GV-bound at 2δis greater than 1/2, the probability that the relative minimal distance of the code in the class is greater than δis almost 1;and the probability that the rate of the code equals to 1/4 is als...