Our story beings with Thor taking some R & R time to visit a New York soda shop where he entertains the local teen set by answering their questions about the far-off realm of Asgard. Thor explains where it's located and that his father, the all-powerful Odin, rules over it. After this story, Thor takes leave to return to the doctor's office, where he operates in the mortal guise of Donald Blake. In his guise of Blake, Thor is visited by his patient Mr. Markham who is worried about the results of recent x-rays he had taken. Blake puts the man's mind at ease by telling him that he has a clean bill of health.

Meanwhile, in the realm of Asgard, Balder and Sif are well into their quest to learn the plans of the beings known as the Enchanters. Along the way, they are attacked by the Living Talisman, a mystical force that serves the Enchanters. Taking on the physical form, the Living Talisman attacks the two Asgardians, who, after a brief battle, manage to fight off and seemingly destroy the Living Talisman. With the Talisman's defeat, the Enchanters reveal themselves: They are Magnir, Forsung, and Brona. The trio explains to Balder and Sif that while they were content to rule their realm, they now seek to overthrow Odin and rule the entire realm of Asgard. They attempt to dispatch Balder and Sif by mystically transmuting the ground into quicksand. Balder and Sif use their mystical powers to teleport themselves to Earth.

On Earth, they pay a visit to Donald Blake's office, where they seek Thor's help in stopping the Enchanters from carrying out their coup in Asgard. They have a little trouble initially, being unaccustomed to New York City, but eventually find their way to Blake's office. As they explain to Blake what is happening back in Asgard, the Enchanters believe that intervention by Thor would put their plan at risk. They make a two-pronged attack: Magnir and Brona travel to Earth to battle Thor, Balder, and Sif, while Forsung continues to Asgard to battle Odin.

Transforming back into his godly form, Thor learns the full story and is shocked by the news and agrees to go into battle to stop the Enchanters from taking over Asgard. As the three Gods plan their next move, Magnir and Brona arrive on Earth to carry out their mission to destroy the Earthbound Asgardians.

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