This , would it be " later " Silver Age to you , MSA ? ( In its style/" where it fits in "/whether you like it , I mean , not just its literal timeframe . ), SA Marvel annual , from the last year of new'uns...It's a favorite of mine !!!!!!!!!!!
I got it about the same time as AVENGERS #56 , which it ties/shoehorns into .
It's storyline of the present-day " smaller " Avengers meeting an " absolute power corrups..." version of the ever-so-long-ago 1964 Avengers , well , even though I had only come aboard in 1966 , well...All this and a Don Heck funny shortie too !!!!!!! :-)
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This was my starting point for the Avengers, thanks to a good friend sharing #56 with me at summer camp.
And I really enjoyed the story, considering it put the nail in the coffin for Bucky having died. I didn't realize it was such a problem, but for cap, it was closure. And, it allowed the set-up for the supremely interesting Avengers Annual/Special #2 which you are describing. I had heard that this was just an excuse to get the new Avengers to meet/battle the old Avengers.
And frankly, it plays into my theory that some time traveler has been messing with the early Avengers history to prevent Captain America from ever being found...and thus becoming the fighting machine and force for good that they have become.
Look at the line-up of the original Avengers...the HULK STAYS! That radically changes all of earth's history, and so, I think it was the goal of Kang all along in all his various forms to send emmisaries from the future to accomplish this.
The fact that cap uses a/his time machine to go back and look at the past is just the fly in the ointment that ruins the plan of the Scarlett Centurian..who we learn is Kang as well.
So enjoy the romp, but think about the ramifications of having a time agent who has an endless number of opportunities to go back and meddle with early Avengers history.
Who's to say that they haven't already done that...much as Marvel: The Lost Generation has shown us?