- "The Anguish of... the Spectre" (Spectre) written by Michael Fleisher, penciled and inked by Jim Aparo and art continuity by Russell Carley.
- "Night of the Slaves" (Captain Fear) written by Steve Skeates, penciled and inked by Alex Nino.
"The Anguish of... the Spectre"
The opening scene is the walled estate of wealthy businessman Adrian Sterling, and it is dark. Three masked criminals dressed in black scale a wall. To silence two growling patrol dogs, one of the criminals draws a handgun with a silencer and kills them. They screw together a pole, then vault over an electric eye fence. One of the criminals plunges into a swimming pool and leaves behind a time bomb which is set to explode at 8:30 the next morning. After fleeing from the estate, Vera, Eric, and Peter unmask themselves and agree to go back to their regular jobs and act as if nothing has happened.
At 8:30 the next morning, Adrian Sterling is swimming in his pool. The bomb explodes and kills him. His beautiful daughter, Gwen, is a witness to the explosion. Lieutenant Jim Corrigan arrives to investigate. He learns that Sterling was upset about something at his business. Gwen believes that Maxwell Flood, Sterling’s business partner, was the reason why Sterling was upset, but Sterling would not admit it openly. Gwen asks if Corrigan has a girlfriend. Corrigan replies that he is not free to get involved with a woman, but she stills demonstrates a strong interest in him.
Knowing that Flood tends to work late, Corrigan arrives after hours when most people are gone. Corrigan phases through Flood’s office door and appears to Flood as the ghost of Adrian Sterling. He accuses Flood of killing him. Just as quickly, the ghost vanishes. Flood is frightened by the encounter and telephones Eric, one of the crooks who set the bomb in the Sterlings’ swimming pool. Flood warns Eric that Sterling’s ghost somehow knows who is involved in the murder plot.
Flood drives his car to the hair salon where Eric and Peter work. The Spectre follows. Eric kills Flood with the cord from a hair drier, then is aghast when spotting the Spectre who is in the mirror. The Spectre decides to use one of Eric’s own tools of his trade, a pair of scissors, to kill Eric. A few seconds later after hearing Eric’s cry, Peter observes how Eric has died, and flees to tell Vera. Vera is a fashion model and is getting ready for a fashion show right then, so she orders him away to await her at her residence. As Peter leaves, Corrigan approaches Peter. Corrigan announces that he is a police officer and orders Peter to stop. Peter pulls a gun from his jacket. Just at that moment Gwen Sterling drives up in her convertible auto and stops. She has been following Corrigan. Peter grasps her by her hair and is about to throw her from her car. Gwen looks up and recognizes that Jim Corrigan has transformed himself into the Spectre. The Spectre admits that he was once Jim Corrigan, but is now the Spectre. The Spectre stares down Peter and turns him into a pile of sand.
Gwen can hardly believe that the pile of sand was Peter just a few seconds before. Then, she spots Jim Corrigan in his civilian clothes again. She asks if he is the Spectre. He admits that he is the Spectre and wishes that he could become involved with Gwen. He asks her to forget him. Then, he vanishes.
A few seconds later, the Spectre reappears at the fashion show. As Vera models a breathtaking blue dress, the Spectre transformed her into what every model fears, into a rapidly aging old woman. Vera rapidly ages and then collapses onto the stage and dies.