Ruth Roche ? [as Joe Logan] (signé); Jean Depelley (traduction)
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)
The Phantom Lady stops a criminal who's looking for a treasure he buried 20 years ago.
In the year 2020, a grandfather [Howie] tells his nephew how years back he won the soapbox derby and got an autograph of the Black Terror and Tim, and was soon after had the picture taken from him by a gang of crooks wanting a sample of the Terror's handwriting in order to forge a letter from him to gain access to a bank in order to rob it.