Dungeon issue 204 was released in July of 2012 in online format only. It contained the following articles related to the Forgotten Realms:

Pearl of the Sea MotherEdit

By John Rossomangno, Illustrated by Ben Wootten, Cartography by Jason Engle. p. 3-23

Madness can spread like a plague through kuo-toa settlements. Only their worship of entities with control over such insanity can hold off epidemics of lunacy. One such entity is Blibdoolpoolp, the Sea Mother, who is frequently the object of the kuo-toas’ fanatical worship. Module for 2-5 PC's of level 15–17.

What’s Up in DownshadowEdit

By Sterling Hershey, Illustrated by William O'Connor, Cartography by Mike Schley. p. 35-48

Downshadow is a vast cavern located in the top-most level of Undermountain. The area attracts the unwanted elements of Waterdeep, so it’s a den for thieves and the downtrodden. Residents of Downshadow vanish sometimes, but a rash of disappearances can cause even the worst people to sit up and take notice. Module for 2-5 PC's of level 2-4.

Denizens of the DemonwebEdit

By Michael E. Shea, Illustrated by Ben Wootten. p. 55-59

A void crisscrossed by ever-shifting webs, the abyssal layer of the Demonweb is as twisted and deceptive as the plots spun by the Queen of Spiders who rules there.