Jim drives to a recording studio and locks himself into a booth. He then plays a record with his briefing concerning Frank Wayne, the number one Syndicate boss. Frank has taken over honest businesses and has a system to deposit Syndicate funds in Swiss bank accounts, putting a drain on U.S. gold reserves. The IMF must get the Syndicate records, at Frank’s country estate, and turn them over to the authorities...Read the full recap
Guest agent: Dr. Emerson Reese, plastic surgeon
This and part 2 were subsequently stitched together for European release as the movie Mission: Impossible vs. The Mob.
Throughout this episode, Martin Landau dubs Paul Stevens' voice to make it more convincing that Rollin can imitate Frank Wayne's voice.