Defenders Annual #1 is an oversized issue with cover art by Al Milgrom and interior art by Sal Buscema.  Dr. Strange, Hulk, Valkyrie, Luke Cage, and Black Knight!  This book is graded 9.2 NM- with white pages by CGC.  It's alignment is pretty decent and the spine is still square.  The colors are rich and gloss is nice.