| Issue | #3 |
| Published | May-June 1948 |
| Cover Price | 0.10 USD |
| Pages | 36 |
| Editing | Helen Meyer |
| Pencils | John Stanley |
| Inks | John Stanley |
| Script | John Stanley |
| Pencils | John Stanley |
| Inks | John Stanley |
| Notes | gag strip on inside front cover |
| Synopsis | Lulu has to leave her bath and go downtown wearing only a towel to find her mother. |
| Script | John Stanley |
| Pencils | John Stanley |
| Inks | John Stanley |
| Letters | Irving Tripp |
| Reprinted | in Marge's Little Lulu and Tubby Annual (Dell, 1953 series) #2 |
| Synopsis | Lulu and Tubby take a walk in the woods and get lost. |
| Script | John Stanley |
| Pencils | John Stanley |
| Inks | John Stanley |
| Letters | Irving Tripp |
| Reprinted | in Marge's Little Lulu on Vacation (Dell, 1953 series) #1 |
| Characters | Alvin Baba (first appearance); Lulu Baba (first appearance; in story) |
| Synopsis | Lulu tells Alvin a story about him for a change. |
| Script | John Stanley |
| Pencils | John Stanley |
| Inks | John Stanley |
| Letters | Irving Tripp |
| Notes | Alvin's Storytime |
| Reprinted | in Marge's Little Lulu and Alvin Storytelling Time (Dell, 1959 series) #1 |
| Characters | Little Lulu |
| Script | John Stanley |
| Letters | typeset |
| Synopsis | Tubby takes a piece of cake outside and drops it down a manhole. |
| Script | John Stanley |
| Pencils | John Stanley |
| Inks | John Stanley |
| Letters | Irving Tripp |
| Script | John Stanley |
| Pencils | John Stanley |
| Inks | John Stanley |
| Notes | gag strip on inside back cover |