Every year the Chincoteague fire department rounds up the wild ponies of Assateague Island and holds an auction to thin out the herd. The young children set out to raise enough money in hopes that the Phantom will be caught in this years round up. They soon realize they will get more than they bargained for when the Phantom has a surprise for everyone: a foal named Misty.

Directed by: James B. Clark
Written by: Ted Sherdeman
Runtime: 91 minutes
Tagline: The Warm Wonderful Story Beloved by Millions!
Cast:
David Ladd David Ladd
Paul Beebe 
Arthur O'Connell Arthur O'Connell
Grandpa Clarence Beebe 
Pam Smith Pam Smith
Maureen Beebe 
Anne Seymour Anne Seymour
Grandma Ida Beebe 
Duke Farley Duke Farley
Eba Jones - Fire Chief (uncredited) 
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Also known as:
  • O divokém poníkovi
  • Místy zamlženo
  • Ekeinos pou ilthe apo tin omihli
  • Ponnyhästen Misty
  • Herencia salvaje