The default cast of characters consists of the entire cast from "Virtua Fighter 2" and "Fighting Vipers", as well as Kuma-Chan, a bear mascot in a hat that has no points of articulation. The "Virtua Fighter 2" characters have some (but not all) of their new moves from "Virtua Fighter 3" added. The announcer is also the same as in "Virtua Fighter 3". The "Fighting Vipers" characters still have their armor from that game, and the "Virtua Fighter 2" characters accordingly have new moves for breaking armor.