Spider-Man helps boost the emerging New Warriors comic with three of his annuals (adjectiveless Spider-Man didn’t get a 1992 annual).
The story is fairly straightforward: Justin Hammer and some other tech baddies are kidnapping some D-list heroes like Silver and Auric from Gamma Flight. He kidnaps Speedball and puts him in a tube.
That brings the New Warriors and Spider-Man on his case.
They have Dreadnoughts, and the heroes fight them for about a third of the story. Then the rest of it fighting a bunch of Spider-Man villains assembled by Justin Hammer, like Boomerang and Hydro-Man–until the villains join with the heroes to fight the real big bad, Sphinx.
All three Spider-Annuals also have running Venom/Cloak and Dagger back ups as well. So, all this in one issue, it’s easy to understand why the “main event” of Hero Killers is light on plot. It doesn’t take up a full issue of any of these annuals.
The Cloak and Dagger story has them versus Lightmaster and Genetech (the evil corporation from New Warriors), and some light bondage (pun intended). The Venom story is just a solo tale, which I’m assuming is testing the market for his up-and-coming miniserieses (there will be MANY).
For the other Spider backups, we get a solo Solo story, a Black Cat tale (tail–I’m full of puns today!), and a Prowler/Abe Brown adventure. Then in New Warriors, there are several character pieces.