The year is 2040. The place is Metropia. Here, a new hero prepares for action. The Man Who Cannot Die. The Ghost Who Walks. The Phantom.
The Phantom's pledge: to fight evil and injustice whereever they may be found. In this future world, in this dying city, with the fate of the Earth and all humanity in the balance -- the Phantom is there!
Season One: 20 episodes
| Ep | PN | Airdate | Title |
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| 1 | 101 | Sep 18/94 | Generation Unto Generation, Part 1 |
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| 2 | 102 | Sep 25/94 | Generation Unto Generation, Part 2 |
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| 3 | 103 | Oct 02/94 | The Sum of the Parts |
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| 4 | 104 | Oct 09/94 | Fire and I.C.E. |
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| 5 | 105 | Oct 16/94 | Reflections of Glory |
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| 6 | 106 | Oct 23/94 | Shadows From the Past |
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| 7 | 107 | Nov 27/94 | The Biot in Red |
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| 8 | 108 | Oct 30/94 | The Good Mark |
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| 9 | 109 | Nov 13/94 | Dark Orbit, Part 1 |
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| 10 | 110 | Nov 20/94 | Dark Orbit, Part 2 |
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| 11 | 111 | Nov 06/94 | The Ghost in the Machine |
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| 12 | 112 | Feb 25/95 | Lasers in the Jungle |
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| 13 | 113 | Dec 11/94 | Three Into One |
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| 14 | 114 | Dec 04/94 | The Gauntlet |
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| 15 | 115 | Feb 04/95 | Life Lessons |
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| 16 | 116 | Feb 11/95 | The Magician |
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| 17 | 117 | Feb 18/95 | Swifter, Higher, Stronger |
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| 18 | 118 | Apr 29/95 | Down the Line |
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| 19 | 119 | May 06/95 | Control Group |
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| 20 | 120 | May 13/95 | A Boy and His Cat |
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Season Two: 15 episodes
| Ep | PN | Airdate | Title |
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| 21 | 220a | Sep 11/95 | Rite of Passage (recap show, part 1) |
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| 22 | 220b | Oct 09/95 | The World is My Jungle (recap show, part 2) |
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| 23 | 221 | Sep 25/95 | Sanctuary |
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| 24 | 222 | Oct 02/95 | The Ties That Bind |
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| 25 | 223 | Sep 18/95 | The Woman in the Moon |
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| 26 | 224 | Oct 16/95 | Matter Over Mind |
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| 27 | 225 | Oct 23/95 | The Sins of the Father, Part 1 |
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| 28 | 226 | Oct 30/95 | The Sins of the Father, Part 2 |
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| 29 | 227 | Nov 06/95 | The Sacrifice, Part 1 |
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| 30 | 228 | Nov 13/95 | The Sacrifice, Part 2 |
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| 31 | 229 | Feb 05/96 | The Second Time Around |
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| 32 | 230 | Nov 20/95 | Rogue |
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| 33 | 231 | Feb 19/96 | Moments of Truth |
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| 34 | 232 | Feb 12/96 | The Furies |
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| 35 | 233 | Feb 26/96 | The Whole Truth |
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