Continued from last issue... Spider-Man has in his possession a clay tablet which the Kingpin is seeking to obtain. The Kingpin (who was arrested last issue) learns about this when the story makes the front page of the Daily Bugle. The wall-crawler meanwhile is trying to think about what to do with the tablet when he's shot at by a police officer. Disarming the officer, Peter returns to his apartment and stashes the tablet there before calling it a night. The next day he's told off by Gwen for not calling him and she confronts him with the fact that she thinks he's a coward. While at police headquarters, the dean meets with the protesters who have been arrested, and the dean informs them that he has decided to allow the Ex Hall to become a dorm for under privileged students.
Meanwhile, the Kingpin manages to escape from prison and resumes his criminal operations and alerts his men that Spider-Man has the tablet. Peter has meanwhile resumed his identity of Spider-Man and is out trying to find some answers as to what the inscriptions on the tablet mean. This puts him into conflict with the Kingpin's goons, and eventually the Kingpin himself. When Spider-Man is winning the fight, he is about to grab the Kingpin when a car from the Daily Bugle driven by Ned Leeds and Jameson cut in front of him. This allows the Kingpin to get away. Furious Spider-Man grabs Jameson and begins telling him off. The frightened Jameson faints, and Spider-Man gets control of himself and flees the scene.
As he gets away, he realizes if Jameson dies of a heart-attack, he's going to be labeled a murderer, and realizes that if that happens he really become everything that the Bugle has reported about him.
This story is continued next issue...