Issue: #16
Published: February 1948, Price: 0.10 USD, Pages: 36, Editing: Victor Fox
Color: Color Dimensions: 7 1/4" X 10" Paper Stock: Glossy Cover; Newsprint Interior Binding: Saddle-stitched Publishing Format: Was Ongoing Series
Notes: Copyright 1947 by Fox Feature Syndicate, Inc.
 Comic Contents:
Cover (1 page) The Beautiful Beast!
Credits: Pencils: Matt Baker | Inks: Matt Baker
Genre: Crime Superhero
Characters: Phantom Lady [Sandra Knight] (inset)

Comic Story (10 pages) The Avenging Skulls
Featuring: Phantom Lady
Synopsis: The Phantom Lady stops a criminal who's looking for a treasure he buried 20 years ago.
Credits: Script: Ruth Roche? [as Joe Logan] (signed) | Pencils: Matt Baker | Inks: Matt Baker
Genre: Superhero
Characters: Phantom Lady [Sandra Knight] Senator Henry Knight Don Borden Officer Clancy Miss Rita Van (villain, Introduction) Hype (villain, Introduction) Guy The Gyp (villain, Introduction, Flashback, Death) Alma (villain, Introduction, Flashback, Death)

Comic Story (11 pages) The Monster in the Pool
Featuring: Phantom Lady
Synopsis: Phantom Lady answers a newspaper ad from a millionaire playboy and ends up having to stop a female werewolf.
Credits: Script: Ruth Roche ? [as Gregory Page] (signed)
Genre: Superhero
Characters: Phantom Lady [Sandra Knight] Don Borden Dorcas Phyfe (millionaire Playboy, Introduction, Death) Miss Shanks Calla Phyfe (villain, Introduction, Dorcas' Sister) Shorty (villain, Introduction))

Text Story (2 pages) Monsoon
Credits: Script: Tom Hale | Letters: typeset

Comic Story (9 pages) Clara Peete, the Beautiful Beast
Synopsis: A look at the life of a petty criminal, who ends up in the gas chamber.
Credits: Script: ? [as George Page] | Inks: ? [as Larry]
Genre: Crime
Characters: Phantom Lady [Sandra Knight] (host) Mrs. Weal Mrs. Marshall Mary Mr. Denton (dies) Joe Charlie Mr. Logan (dies) Mrs. Logan (dies) VILLAIN: Louise Fowler [also As Clara Peete Also As Louise Wardlow Also As Alma Blaine] (dies)