The story:
Whilst on a visit to the Palmers, the Phantom is persuaded by Diana to delay his return to Bengali so that he can catch a glimpse of the social life Diana leads in his absence. A reluctant Phantom agrees to accompany Diana, her mother Lily and Uncle Dave to a masked ball frequented by the cream of society.

Meanwhile an ex-convict Dan assembles his old gang and targets the very same ball the Palmers are going to. Once there, two former antagonists will meet each other for the first time in almost five years, setting off a chain of unforeseen events...