The Avengers place an open call for new members to refill their ranks after the death of the Swordsman and the honeymooning Vision & Scarlet Witch. Their auditions for new members are derailed by the return of an old foe.
The first few pages of this issue flash back to just before the beginning of Iron Man #74, then back to present time after Iron Man returns to the group from participation in The War of the Super-Villains (Iron Man #74 - #80).
Interesting how in GS XM #1 there are too many members and in this one there are too few.
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