- Robert E. Howard (original story); L. Sprague DeCamp (original story); Roy Thomas (adaptation)
- John Buscema
- Klaus Janson
- sword and sorcery
- Galbro (Villain; Death); Valenso (Villain; Death); Zarono (Villain; Death); Strombanni (Villain); Demon of the Caves (Villain; Death); Thoth-Amon (Villain); Picts; Lady Belesa; Tina
- Conan leads the rival pirate captains Strombanni and Zarono to the treasure of Tranicos, hoping that the guardian demon will kill them. Conan's plan fails, and they all form another uneasy alliance to battle the Picts and make it back to Valenso's fort. The fort is eventually overrun by the Picts and Valenso atones for his transgressions against Thoth-Amon when he is killed by a demon. Conan saves Valenso's niece and her servant girl and is rescued by a delegation of Aquilonian noblemen who ask him to help overthrow their mad king. The ever ambitious Conan agrees.
Adapted from the short story "The Treasure of Tranicos" by Robert E Howard and L. Sprague DeCamp.
Continued from last issue.