(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).