| Issue | #31 |
| Published | January 1949 |
| Cover Price | 0.10 USD |
| Pages | 52 |
| Editing | Wendell Crowley |
| Characters | Captain Marvel [Billy Batson]; Captain Marvel, Jr. [Freddy Freeman]; Mary Marvel [Mary Batson] |
| Genre | superhero |
| Pencils | C. C. Beck |
| Inks | Pete Costanza |
| Characters | Captain Marvel [Billy Batson]; Captain Marvel, Jr. [Freddy Freeman]; Mary Marvel [Mary Batson]; Kurt Schaffenberger (cameo; ?; pg. 3, pnl. 2); Sivana (villain) |
| Genre | superhero |
| Script | Otto Binder |
| Pencils | Kurt Schaffenberger |
| Inks | Kurt Schaffenberger |
| Genre | Gags |
| Genre | Gags |
| Characters | Mary Marvel [Mary Batson]; Shazam |
| Synopsis | Mary briefly loses her powers. |
| Genre | superhero |
| Script | Otto Binder |
| Pencils | Jack Binder |
| Inks | Jack Binder |
| Genre | Gags |
| Characters | Captain Marvel, Jr. [Freddy Freeman]; The Squirrel (first appearance; villain) |
| Genre | superhero |
| Pencils | Bud Thompson? |
| Inks | Bud Thompson? |
| Genre | Gags |
| Genre | humor |
| Script | Howard Boughner |
| Pencils | Howard Boughner |
| Inks | Howard Boughner |
| Script | Larry Steinfeldt |
| Letters | typeset |
| Characters | Captain Marvel [Billy Batson]; The Fire Fiend [Mr. Heeter] (first appearance; villain) |
| Genre | superhero |
| Script | Otto Binder |
| Pencils | C. C. Beck |
| Inks | Pete Costanza |