1991 Annual. Features four stories and four pin-ups. "Genesis Of A Vigilante" The origin of Frank Castle is retold. After distinguished service in Vietnam, Frank Castle returns home. But his life of violence is far from over. "The Cutting Edge"(The Von Strucker Gambit, Part 2 of 3) Continuing from Daredevil Annual #7, Punisher has to fight Guillotine with Nick Fury in pursuit. Story concludes in Captain America Annual #10."Fat Farm" Even accessories to homicide need to lose weight! Micro visits a fat farm to do just that. Things are not quite what they see. "A Public Service Message" A criminal learns a valuable lesson after kidnapping the Punisher.