| Issue | #38 |
| Published | April 1995 |
| Cover Price | $1.95 |
| Pages | 36 |
| Editing | Don Daley; Tom DeFalco [Editor-In-Chief] |
| Notes | The artists credit themselves on the cover by appearing in wanted posters on the wall in the background. |
| Characters | Punisher [Frank Castle]; John M. Hebert; Elman Brown; C. Gabrie |
| Genre | Super-hero |
| Pencils | John Hebert (Signed) |
| Inks | Elman Brown (Signed) |
| Notes | The artists credit themselves on the cover by appearing in wanted posters on the wall in the background. |
| Characters | Punisher [Frank Castle]; Nick Fury |
| Synopsis | An ad for the 1994 Capcom Sega Genesis "The Punisher" video game. |
| Genre | Super-hero |
| Notes | Inside front cover. Video game screenshots and box art are shown. |
| Characters | Punisher [Frank Castle] |
| Synopsis | Credits page featuring indicia. |
| Genre | Super-hero |
| Pencils | Elman Brown (Signed) |
| Inks | Elman Brown (Signed) |
| Characters | Punisher [Frank Castle]; Sammy; Mr. Shockett; Eddie; Mr. Brazo; Katie; Mr. Harrigan; Carson; Jean Sutherland; Unnamed killer |
| Synopsis | While in the midsts of a gang war between rival crime bosses, The Punisher searches for a serial killer and tries to make a connection between them. |
| Genre | Super-hero |
| Script | Steven Grant |
| Pencils | John Hebert |
| Inks | Fred Fredericks |
| Colors | Karl Bollers |
| Letters | Jim Novak [as James Novak] |
| Notes | First part of a three part story arc. |