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Phantasy is defined as 'an imaginative expression of the emotional life, conscious for the most part, but characterized by a symbolic investiture and a cathartic function' (reviewer's italics). The paper is concerned with the day-dreams of three difficult children and an attempt to understand them in terms of reaction to environmental deprivation; of confusion between reality, phantasy and dreams; of attempts to bridge the gap between ego-strivings and the reality situation, etc.