| Issue | #3 |
| Published | May 1992 |
| Cover Price | 1.75 USD |
| Pages | 36 |
| Editing | Tim Tuohy (Assistant Editor); Don Daley (Editor); Tom DeFalco (Editor-in-Chief) |
| Characters | Punisher |
| Genre | Superhero |
| Pencils | John Romita, Jr. |
| Inks | Klaus Janson |
| Letters | Typeset |
| Characters | Punisher; GUESTS: Shotgun; Mickey Fondozzi; VILLAINS: Julius Carbone; Sal Carbone; Rosalie Carbone; The Mob |
| Synopsis | Mickey and Johnny Tower (Frank's mob i.d.) try to cover up the Punisher's knocking over of Carbone operations by framing Sal Carbone; Mickey and Johnny take Sal out to whack him on orders from his brother, Julius, but Sal rabbits from the car and falls under the ice of a frozen lake; They give Julius the news that Sal is dead, little knowing that he was pulled from the ice by an emergency unit still alive. |
| Genre | Superhero |
| Script | Chuck Dixon |
| Pencils | John Romita, Jr. |
| Inks | Klaus Janson |
| Colors | Gregory Wright |
| Letters | Jim Novak |