(this edition is the 1237th actually printed)
Release Date: 9th September 1998
- Pages: 212 + 44 page Index
- Price: $10.00
- Cover: Glenn Ford
- No Phantom Forum in this issue.
- 16 page full colour section detailing the 50 Years of FREW and The Phantom and The World of Phantom Comics.
- Letters of congratulations from Lee Falk, Sy Barry, Lawrence T. Olsen (President of King Features), Kjell Steen (Chief of Norwegian Phantom Club), Ulf Granberg (Publisher of Swedish Fantomen Magazine), Michael Scott (Managing Director of Gordon & Gotch), Southweb Printing, and David Lyle (Channel Nine Sydney).
- Death in Central Park
- Script: Tony De Paul
- Art: Joan Boix
- First published by Egmont (Scandinavia) Nr.12, 1998
- The Movie Stars
- Script: Lee Falk
- Art: Wilson McCoy
- 38th daily newspaper story; 8 May - 9 September 1950
- The Phantom's Ring
- Script: Lee Falk
- Art: Wilson McCoy
- 28th Sunday newspaper story; 29 October 1950 - 10 June 1951
- The Rope People
- Script: Lee Falk
- Art: Wilson McCoy
- 29th Sunday newspaper story; 17 June - 4 November 1951
- Phantom Treasure
- Script: Lee Falk
- Art: Sy Barry
- 93rd Sunday newspaper story; 30 December 1973 - 9 June 1974
- Tale of Joomba
- Script: Lee Falk
- Art: Sy Barry
- 94th Sunday newspaper story; 16 June - 29 December 1974
