A woman named Margaret Dougherty has been cornered by some street thugs, who intend to rob and rape her. She is rescued by the timely arrival of the Heroes for Hire and their occasional ally, El Aguila. El Aguila tells the heroes that the woman wasn't injured by the gang, but by a mysterious slasher that has been plaguing the area. The trio of heroes then determine to work together to catch the slasher. Power Man and Iron Fist take the woman to the hospital, where Power Man is shocked to find that his old flame, Claire Temple, is working as a nurse.
