Iron Man Story- "The Golden Ghost!"
The Melter is blackmailing Tony Stark into creating a new, smaller melting gun for him, threatening to kill him if he doesn't agree. To amuse himself whilst Tony works, the Melter destroys a replica of Iron Man's original armour. He then says that he's improved his gun over the years, so that it can melt anything, not just iron. Tony then gives the Melter his new gun, but the Melter thinks it's still too big. The police have heard by now that the Melter is keeping Tony Stark hostage, and so arrive outside the factory. The Melter decides to kill Tony, setting his melting gun to flesh, and shooting Tony. The Melter then leaves to confront the police.
Tony manages to survive the melting gun because it was set to flesh, whilst he had an iron chest plate on below his shirt. He then changes into his original Iron Man armour, since he can't get to his current armour without being seen. Iron Man manages to save a man from a falling girder, before heading to confront the Melter. The Melter manages to melt several parts of the armour, but as he keeps shooting, something in the gun goes faulty, and the gun goes red hot, forcing the Melter to drop it. Iron Man reveals that Tony booby-trapped it to do so after a certain number of shots, so that the Melter wouldn't suspect a trap, but would be defeated.
Captain America Story- "...And Men Shall Call Him Traitor!"
Captain America was trapped between two walls in the previous issue, which will continue moving towards him until they crush him. Confident that he is as good as dead, the Red Skull leaves, going to destroy Earth's cities by using his plastic bubble device to levitate them into the air and the drop them, destroying them forever. Once he's gone, Cap throws his shield at the control panel, shattering it and stopping the walls moving. By a lucky coincidence, a loose wire falls down to Captain America, which he uses to escape. He then keeps the wire, and ties it to his shield before throwing it after the Red Skull's escaping ship. It successfully manages to attach, meaning Captain America can still stop the Red Skull.
Unfortunately, the Red Skull sees Captain America hanging from his ship and so lowers his ship low enough that Captain America is submerged in water. Captain America manages to climb out of the water and onto the tail of the ship, out of the Red Skull's sight. He then smashes a window to get into the Skull's ship, just as the Skull uses his plastic bubble device on New York City. Captain America approaches the Skull, who sends him down a trapdoor and has him fight a robotic dog. Cap uses the robot to get back up to the Skull's control room, where he attacks the Skull. As punishment for Captain America attacking him, the Skull threatens to drop the bubble containing New York. He tells Cap that unless he agrees to serve him faithfully for 24 hours, he'll drop the bubble and all of New York will perish. Cap unhappily agrees, and the Red Skull quickly relays this news to New York, making Cap seem like a traitor to his country.