| Issue | #3 |
| Published | April-May 1978 |
| Cover Price | 1.00 CAD |
| Pages | 28 |
| Editing | Dave Sim; Deni Loubert (publisher) |
| Characters | Cerebus; Red Sophia [first cover appearance] |
| Synopsis | Cerebus and Red Sophia face off with swords. |
| Genre | Funny animals; Satire; Sword and sorcery |
| Script | Dave Sim |
| Pencils | Dave Sim (signed) |
| Inks | Dave Sim (signed) |
| Colors | Dave Sim |
| Letters | Dave Sim |
| Notes | First appearance of Red Sophia, a parody of Robert E. Howard's Red Sonya of Rogatino and Roy Thomas's and Barry Smith's Red Sonja. Deni Loubert is listed as Publisher. |
| Synopsis | An announcement by Deni Loubert, who signed herself as Publisher, that she and Dave Sim were engaged to be married. Their marriage would end in divorce. |
| Script | Deni Loubert |
| Letters | Typeset |
| Notes | Inside front cover. |
| Characters | Cerebus; Red Sophia (first story appearance) |
| Synopsis | Cerebus meets Red Sophia. |
| Genre | Funny animals; Satire; Sword and sorcery |
| Script | Dave Sim |
| Pencils | Dave Sim |
| Inks | Dave Sim |
| Letters | Dave Sim |
| Reprinted | in Cerebus (Aardvark-Vanaheim, 1986 series) #1; in Cerebus Bi-Weekly (Aardvark-Vanaheim, 1988 series) #3; in Swords of Cerebus (Aardvark-Vanaheim, 1981 series) #1 |
| Characters | Cerebus; unknown enemy |
| Genre | Funny animals; Satire; Sword and sorcery |
| Script | Dave Sim |
| Pencils | Dave Sim |
| Inks | Dave Sim |
| Letters | Dave Sim |
| Notes | Unused draft cover of Cerebus 4. |
| Characters | Cerebus |
| Synopsis | Ad for back issues of Cerebus 1, 2, and signed Aardvark Berserk poster. |
| Genre | Funny animals; Satire; Sword and sorcery |
| Script | Deni Loubert |
| Pencils | Dave Sim |
| Inks | Dave Sim |
| Colors | Dave Sim |
| Letters | Typeset |