| Issue | V5#3 |
| Published | June 1981 |
| Frequency | monthly |
| Cover Price | 2.00 USD |
| Pages | 100 |
| Editing | Leonard Mogel; Julie Simmons (executive) |
| Genre | fantasy |
| Pencils | Marc Harrison (painting) |
| Inks | Marc Harrison (painting) |
| Colors | Marc Harrison (painting) |
| Letters | Typeset |
| Genre | Occult |
| Pencils | Rick Bryant (signed) |
| Inks | Rick Bryant (signed) |
| Colors | Rick Bryant (signed) |
| Notes | Contents page with illustration spanning to next page. |
| Genre | humor |
| Script | Paul Kirchner |
| Pencils | Paul Kirchner |
| Inks | Paul Kirchner |
| Letters | Paul Kirchner |
| Script | Brad Balfour |
| Pencils | Richard Corben |
| Inks | Richard Corben |
| Colors | Richard Corben |
| Letters | Typeset |
| Genre | sword and sorcery |
| Script | Robert E. Howard (original Story); John Pocsik (adaptation); John Jakes (adaptation) |
| Pencils | Richard Corben |
| Inks | Richard Corben |
| Colors | Richard Corben |
| Letters | Richard Corben |
| Letters | Typeset |
| Genre | Horror |
| Script | John Findley |
| Pencils | John Findley |
| Inks | John Findley |
| Letters | John Findley |
| Genre | science fiction |
| Script | John Workman |
| Pencils | John Workman |
| Inks | John Workman |
| Letters | John Workman |
| Genre | sword and sorcery |
| Pencils | Jeffrey Jones |
| Inks | Jeffrey Jones |
| Colors | Jeffrey Jones |
| Letters | Typeset |
| Notes | Advertisement for Jeffrey Jones' book Yesterday's Lily from Heavy Metal Books. |
| Genre | science fiction |
| Script | Enki Bilal |
| Pencils | Enki Bilal |
| Inks | Enki Bilal |
| Script | Joel Hagen |
| Pencils | Joel Hagen |
| Inks | Joel Hagen |
| Colors | Joel Hagen |
| Letters | Typeset |
| Notes | Text article with photographs. |
| Pencils | Chris Achilleos (painting) |
| Inks | Chris Achilleos (painting) |
| Colors | Chris Achilleos (painting) |
| Letters | Typeset |
| Notes | Advertisement for a subscription to Heavy Metal Magazine. |
| Genre | science fiction |
| Pencils | Jim Steranko |
| Inks | Jim Steranko |
| Colors | Jim Steranko |
| Letters | Typeset |
| Notes | Text article with illustrations. |
| Genre | humor |
| Script | Arthur Suydam |
| Pencils | Arthur Suydam |
| Inks | Arthur Suydam |
| Colors | Arthur Suydam |
| Letters | Arthur Suydam |
| Genre | occult |
| Script | Guido Crepax |
| Pencils | Guido Crepax (signed) |
| Inks | Guido Crepax |
| Colors | B & W |
| Notes | Story panels have a bluish-grey background. |
| Genre | science fiction |
| Script | Matt Howarth |
| Pencils | Matt Howarth |
| Inks | Matt Howarth |
| Letters | Matt Howarth |
| Genre | science fiction |
| Script | Mark Fisher (signed) |
| Pencils | Mark Fisher (signed) |
| Inks | Mark Fisher (signed) |
| Letters | Mark Fisher |
| Pencils | Arthur Suydam |
| Inks | Arthur Suydam |
| Colors | Arthur Suydam |
| Letters | Typeset |
| Notes | Advertisement for t-shirts from Heavy Metal Magazine. |
| Genre | occult |
| Script | Philippe Cazaumayou [as Caza] |
| Pencils | Philippe Cazaumayou [as Caza] |
| Inks | Philippe Cazaumayou [as Caza] |
| Pencils | Grass Green (signed) |
| Inks | Grass Green |
| Notes | Advertisement for back issues and collectable binder for Heavy Metal Magazine. |
| Genre | science fiction |
| Script | Howard Chaykin |
| Pencils | Howard Chaykin (painting) |
| Inks | Howard Chaykin (painting) |
| Colors | Howard Chaykin (painting) |
| Script | Lou Stathis; Brad Balfour; Elliot Murphy; Joe Dante |
| Letters | Typeset |
| Notes | Multiple partial page articles/reviews. |
| Genre | satire |
| Script | Rod Kierkegaard |
| Pencils | Rod Kierkegaard |
| Inks | Rod Kierkegaard |
| Colors | Rod Kierkegaard |
| Letters | Rod Kierkegaard |
| Genre | humor |
| Script | Paul Kirchner |
| Pencils | Paul Kirchner |
| Inks | Paul Kirchner |
| Letters | Paul Kirchner |
| Genre | science fiction |
| Pencils | James Cherry |
| Inks | James Cherry |
| Colors | James Cherry |
| Letters | Typeset |
| Notes | Image on back cover. |