The Amazing Avengers Issue 1

"A Legend Reborn" is the first issue and chapter of The Amazing Avengers.

Featured Characters

 * Captain America / Peter Parker (first appearance; flashback and main story)

Supporting Characters

 * S.H.I.E.L.D.
 * Tony Stark (first appearance)
 * Henry "Hank" Pym (first appearance)
 * Commissioner George Stacy (first appearance; flashback and main story)
 * Jefferson Davis (first appearance; flashback and main story)
 * Betty Brant (first appearance; flashback and main story)
 * Robbie Robinson (first appearance; flashback and main story)
 * Sally Stark (first appearance; flashback and main story)
 * Liz Allan (first appearance; flashback and main story)

Villains

 * Doctor Octopus / Otto Octavius (first appearance; flashback and main story)
 * Masters of Menace
 * Clown / Eliot Franklin (first appearance)
 * Human Cannonball / Jack Pulver (First appearance)
 * Great Gambonnos / Ernesto & Luigi Gambonno (First appearance)
 * Precious (First appearance)
 * Princess Python / Zelda DuBois (First appearance)
 * Crimson Spider / Flash Thompson (first appearance; flashback and main story)
 * J. Jonah Jameson (first appearance; flashback and main story)

Other Characters

 * Mary Jane Watson (first appearance; flashback and main story)
 * Felicia Parker-Reilly (first appearance; flashback and main story)
 * Anna Watson (first appearance; flashback and main story)
 * Uncle Ben (single appearance; flashback only; dies)
 * Aunt May (single appearance; flashback only; dies)
 * Eddie Brock (first appearance)
 * Steve Rogers (first appearance; flashback and main story; as Captain America in flashback)
 * Dum Dum Dugan (first appearance)

Premise
Following the deaths of his Uncle Ben and Aunt May and his removal from the Daily Bugle (all caused by Crimson Spider), Peter Parker tries to reform his ruined life by starting a new career as a scientist in Pym Industries. There, he discovers that he received a new body enhancement from the serums he was injected with after Crimson Spider attacked him and gets help from his new boss Hank Pym in learning to use this new powers for the greater good, starting his career as the new Captain America.

Plot
Story starts with Peter Parker standing in front of the graves of his uncle Ben and aunt May while being embraced by his girlfriend Mary Jane Watson as well as his cousin Felicia. A flashback reveals that Peter was a free-lance photographer working for Daily Bugle for the care of his ill aunt May, until his life was ruined when trying to take pictures of Crimson Spider / Flash Thompson, who attacked him in a unknown old facility in the blind belief that Peter was making him look bad to the citizens out of jealousy due to their past history. Consequently, J. Jonah Jameson (who showed no regard of Peter's condition) fired him for failing to obtain the pictures and his aunt and Uncle Ben were killed during a riot which Crimson Spider should (but did not) stop in time.

In Present Day, Peter watches as Mary Jane leaves New York to resume her career as a astrophysicist and her search for answers about her long-lost father while Felicia travels to Africa to pursue her career as a zoologist who specializes in wild cats while also working to overcome grief over her parents' death. Just then, Peter is approached by Dr. Henry Pym, who (having admired Peter's dedication as a scientist in Columbia University) offers him a job at Pym Industries. Peter accepts and, after a few days, becomes a successful popular prodigy, impressing Mary Jane and Felicia, who are watching the News about his work. Just then, one of Pym's high-tech devices detects metahuman metabolism on Peter and, after some analysis, they discover that, during Crimson Spider's attack on him, Peter exposed himself to the facility's Vibranium chemicals and infused with samples of the Super Soldier Serum which once turned Steve Rogers into Captain America. Knowing that he has an opportunity to do what really must be done, Peter trains with S.H.I.E.L.D. personal under the supervision of Director Tony Stark and dons an Vibranium-powered Flag-colored special armor, styling himself as the new Captain America.

Meanwhile, in Manhattan, Crimson Spider is in the top of a building having a violent fight against Doctor Octopus' henchmen the Masters of Menace (consisting of Human Cannonball, Great Gambonnos, Precious, Princess Python and their leader the Clown), who had kidnapped Thompson's old Gym teacher Dum Dum Dugan to be part of their boss' experiment. During which, he is mocked by Princess Python, who taunts that Dugan is probably already dead, to which Crimson Spider retaliates by throwing her off the building to her death right upon the frightened citizens. But before she can hit the ground, she is saved by Captain America (who arrives there mounted on his synthezoid sidekick Redwing), to whom she gratefully surrenders and the citizens cheer in full joy as the New York Sun's staff broadcast the headlines: "Living Legend Reborn! Captain America Returns!". Just then, even the remaining Masters of Menace decide to turn themselves in without finishing their fight against Crimson Spider. Doctor Octopus, who was at the time monitoring his henchmen's activities, is disgusted with their surrender and rushes there to attack Captain America, who naturally defeats him while Redwing searches for and retrieves Dugan from Octavius' experiments.

Assuming that the new hero is stealing his thunder, Crimson Spider attacks Captain America, who takes little effort in defeating him in a fight which takes place back in the top of the building. Just then, Captain America unmasks Crimson Spider, confirming Peter's old suspicions that his old bully Flash Thompson was the Crimson Spider all along. Captain America refuses to kill him, but threatens to expose him to the crowd (who had only felt fear and hatred of him because of his violent methods) if he ever committed another act which will ruin other people's lives like he did previously. Crimson Spider reluctantly retreats as the citizens cheer on their true hero. Just then, Peter encounters on his way Steve Rogers (the original Captain America), who makes good complements about his successor's performance, and is congratulated by Stark and Pym for his success as Peter feels hopeful that he will be doing better in the future... and knows that his life as Captain America has just begun.