Steed plays bulls and bears, Emma has no option.
Steed investigates a firm named WormDoom, whose proprietor, a businessman widely thought a bit of a rotter, is killing off his business competitors, all experts on timber decay.
Dr. King takes a luxury cruise to look after a famous film actress whom Steed suspects of espionage!
Steed is sentenced as a traitor, Cathy helps to brainwash him.