Modred the Mystic, wearing the powerful body armor of Captain Britain, goes on a rampage of destruction though London. He blames the mighty Merlin for the events that led to his corruption by the demon Chthon and now seeks revenge, trying to draw Merlin into a confrontation. Meanwhile, in Modred’s dungeon, the captive Captain America seeks to escape. He manages to free himself with the help of fellow prisoner Captain Britain (at a disadvantage because of Modred’s possession of his power suit). The villain’s reign of terror overhead, though, causes the structure to become unstable and the heroes barely escape the collapsing stonework in time, with Cap recovering his shield on the way.
[In New York, Arnie Roth, just released from the hospital after the traumatizing experience he had as an unwilling minion of the Red Skull in issues #293 and following, comes looking for Steve Rogers to say goodbye. He finds Bernie Rosenthal, who gives him some encouragement and sends him on to the next phase of his troubled life. Elsewhere, Nomad (Jack Monroe) is getting the hang of crime fighting in Cap’s absence.]
The two Captains confront the mad Modred and dodge his powerful attacks. To stop this rampage, Brit tells the villain that he can summon Merlin to a confrontation but only if he is wearing the body armor. Seeing as this is the most likely means to his end, the sinister sorcerer magically restores Cap B’s costume to him. Keeping his word, the British hero casts the summoning spell but Merlin fails to appear. Assuming he has been tricked, Modred heads off to the Tower of London cemetery where he raises the skeletons of the country’s dead defenders from their graves. The Captains battle decaying corpses until only Modred is left facing them. Unfortunately the desecration of the dead only serves to enhance the wizard’s dark powers and he unleashes mystical beams at the heroes. The Caps withstand the attack until they are close enough to seize Modred’s arms and force the magical mayhem back into his own face, knocking him unconscious. At this point, Merlin appears in the sky and takes Modred off to his own dimension for re-education and restoration. Captain America and Captain Britain are left behind to renew their shared commitment to justice.