Iron Man #254

In "Graduation Day," Tony Stark balances his personal mission to track down Madame Masque with his annual charity Christmas gala for orphans—a moment of respite that quickly turns tense. When Taskmaster crowns a new enforcer by having a recruit eliminate his peers, the chosen one takes on the Spymaster identity and infiltrates the gala disguised as Santa. Iron Man must confront the intruder not just as a threat, but as a danger to the children in attendance. Written and illustrated by Bob Layton, with cover art by Layton, this 1990 Marvel classic blends holiday warmth with high-stakes action.