The cover of Adventures of Superman 550 (Sept. 97) is split in three, but the oversized issue itself is divided into two stories.
Kesel, Immonen and Marzan focus on Jimmy Olsen in the first story. Cat Grant has allowed a huge promotion for Jimmy’s Superman special. He has three guests scheduled: Collin Thornton, Clark Kent and Johnny Dakota, and intends to expose the one he has figured out is Superman.
But no one knows exactly what Jimmy has planned. Perry White rages at Simone DeNeige for promoting Jimmy’s show on the front page of the Planet, instead of covering Lex Luthor’s trial. But the issue does much the same thing, with very little time spent on Luthor.
Once Jimmy has Lois and Clark onstage, and the cameras are rolling, Jimmy announces his intention to reveal Superman’s secret identity. Lois Lane is instantly enraged and storms off the set, but Clark stays around, and talks with Jimmy about the importance of Superman, the sacrifices he makes, and that his secrets are needed and deserve to be kept.
Abashed, Jimmy sacrifices his career and turns the show into a farce, saying that Superman has no secret identity, and he lives in a cave in the arctic, with a giant golden door key. Cat has no choice but to fire him, and Jimmy agrees it has to be done.
The kicker comes as we discover that Jimmy Olsen believes Collin Thornton is Superman.
Kesel is joined by Grummett and Rodier for the Guardian solo story, as he hunts down Boss Moxie.
Moxie was prepared for him, and has a Dabney Donovan designed treat, the mob, which take down the Guardian.
Dabney plans to clone the Guardian, and has Anomaly there as muscle. But the Guardian breaks free, and insists to Floyd Barstow that Cadmus can still help him, and he can still not follow the criminal path of the original Floyd.
The Guardian defeats Anomaly and heads back to Cadmus with him. Boss Moxie and the other Intergang members watch Jimmy Olsen’s show, and decide that Jimmy lied on tv, and that he really does know who Superman is.
The story continues in the next issue of Action.