Leader: Baron Helmut Zemo
Members: Titania, Absorbing Man, Moonstone, Yellowjacket, Grey Gargoyle, Screaming Mimi, the Wrecker, Thunderball, Piledriver, Bulldozer, the Fixer, Tiger Shark, Goliath, Blackout, Whirlwind, Mr. Hyde.

The fourth group calling themselves the Masters of Evil were organized by the son of the man who organized the original Masters of Evil. Baron Helmut Zemo, who had inherited his father's hatred of Captain America, sought to assemble the most formidable Masters of Evil ever. Rather than stopping when he had roughly the same number of Masters as there are active Avengers, Zemo decided to organize a veritable army of superhuman criminals, to assure victory over the Avengers. Zemo's long range design for the largest assemblage of costumed criminals is not at present known.

First Appearance of the Assembled Group: AVENGERS #272