Introduced during the period fans and historians term the Golden Age of Comic Books, the original Miss Victory was created in Captain Fearless #1 by an unknown writer and by artist Charles Quinlan in an untitled, five-page story generally indexed with its opening words, "Introducing Miss Victory". She went on to appear in the second and final issue of Captain Fearless. Contrary to some sources, she did not appear in Helnit's first issue of Captain Aero, but after Holyoke Publishing took over the series from Helnit her second story was reprinted in vol. 1 #12 and in new stories beginning with the following issue, vol 2 #1. Given no formal origin story, it was left unexplained as to how Miss Victory was able to survive explosions, break free of ropes, or knock down walls. But is clear that in her introduction she had superhuman strength and durability. According to Jess Nevins' Encyclopedia of Golden Age Superheroes, "Her opponents range from ordinary criminals to Germans to pretend talking apes to Japanese Yellow Perilfemmes fatale." She remained as star of a backup feature in the sporadically published Captain Aero Comics as the title returned to Temerson's control in 1943 and on through that title's final issue, #26. In 1984, she was revived by writer Bill Black and pencilerMark Heike in AC Comics' Femforce Special #1.
Miss Victory was secretly stenographer Joan Wayne, whose work in a Government department, coupled with her desire to help the war effort, led her to don the patriotic guise of Miss Victory: a tight-fitting, red-white-and-blue costume with a plunging neckline and a V emblem across her chest. The 1984-revival version also possesses superhuman strength, as well as the ability to fly over short distances. Her true identity is Dr. Joan Wayne, a research scientist in the United States Department of Defense, who in the 1940s developed the "V-47 formula" to increase the strength/stamina of allied troops. The formula, however, only worked on Joan herself, and she became a superheroine. The formula also prevented her from aging, so that the Miss Victory of today is still a young, attractive woman. Miss Victory received an overdose of the related but faulty V-45 formula from the Black Commando which affected her personality, transforming her into the villainous Rad. Eventually, the V-45 formula was removed from her system and she returned to Femforce. In the mid 1990s, Wayne temporarily resigned her leadership of Femforce, and was replaced by her grown daughter Jennifer, the only other person on whom the V-47 formula would work. Jennifer was referred to as the second Miss Victory. After Joan returned to the Miss Victory role, Jennifer eventually took V-45 and became the second Rad. Jennifer is not really a villain, but more of an anti-hero. In addition to her daughter, Miss Victory's family consists of husband, fellow hero Captain Paragon and a cloned son of the couple created by an enemy.
