Steed has infiltrated a gang, led by Mason, which is implicated in Peggy's murder. Steed asks Keel to establish contact with a rival gang, and the doctor discovers that Vance's hitman, Spicer, has been sent to kill Steed.

A missing briefcase full of secrets propels Steed and Emma into a treasure hunt by car.

When agents find themselves in Colonel Mannering's interrogation centre, they think it's a test of their abilities, and relax with drinks when the sessions are over. But who's fooling who. Steed plays catch the pigeon.