BY E.F. BENSON is one of a number of horror stories featuring insects-- insects of a supernatural nature. It is one of the most frightful among this group, rivaled (perhaps) by "The Cocoon," by John B. L. Goodwin – ghastly hideousness involving a solitary, disturbed boy, his butterfly collection and the unspeakable consequences of his bizarre entomological obsession. Then there's "The Ash Tree" by Montague Rhodes James (author also of "Casting the Runes," from which the film CURSE (NIGHT OF) THE DEMON originates) although giant spiders are not insects, taxonomically speaking. We performed that one some time ago. Now "Caterpillars" gets a reading here. Experience the incursion of a mass attack by the dire species Cancer inglensis. Another in a series of dramatic presentations of the Ghost Story. Benson joins Goodwin, Lovecraft and Clark Ashton Smith in the group. We recall a personal Caterpillar attack years ago. Later, KrOB pays a salutary visit.