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THE PHANTOM opens. Directed by Simon Wincer. Written by Jeffrey Boam. Lee Falk's African dwelling comic crime fighter from 1930s (pre-dating even Superman), despite an impressive retro palettte and nifty Raiders-like set pieces, fails to find a box office foothold. Billy Zane fills out the purple costume. With Treat Williams, Kristy Swanson, Catherine Zeta-Jones, James Remar and Patrick MGoohan.