The Blonde Phantom was one of a number of blonde glamour girls who fought crime in the forties, at least in the comic books. Ordinarily she wears a sort of evening gown, but in this particular story she dons a sort of a female version of Lee Falk's Phantom's costume.
This story is from BLONDE PHANTOM #21 and has art by Al Gabriele and Harry Sahle. The editorial consultant credit is the same one that Marvel had in their other comics in this period. It was meant to reassure readers that their comics are acceptable family fare in the wake of period criticism from people like Dr. Wertham.
Reblogged from http://pappysgoldenage.blogspot.com/