Story: "Night of the Butcher Act One" (24 Pages)

Credits: Matt Wagner and Stephen T. Seagle (plot, script); Guy Davis (pencils, inks); David Hornung (colors); Heroic Age (color separations); Gaspar Saladino (letters); Karen Berger (edits)

Feature Character: Sandman I

Supporting Characters: Dian Belmont, Leslie Humphries (next in issue #27), Lawrence Belmont (last in issue #25), Hubert Klein, Tony Burke, Thomas Schaeffer (in between #21 and #38); Robert Li (last in issue #23)

Villain: an unnamed butcher (behind the scenes)

Other Characters: Joyce (in between issue #23 and #61); Artie (a bartender), Lucio Cardino (a small hotel manager), Sullivan (first appearance of all three); Boyd, George, Rawley (first appearance of all three; New York police officers)