In her championship season Lyric Fantasy won five of her six races including the Group Three Queen Mary Stakes and the Newbury Sales Super Sprint.
[2] Lyric Fantasy, a small (often described as "tiny"[3]) bay filly, was sired by Tate Gallery out of the Auction Ring mare Flying Melody.
As a descendant of the broodmare Oola Hills, Lyric Fantasy was related to notable thoroughbreds including Park Top and Pappa Fourway.
[9][10] Lyric Fantasy never ran in a maiden race instead beginning her career against more experienced fillies in the Lady Caroline Stakes at Windsor in April.
She raced prominently and ran on strongly in the closing stages to win by half a length from the future Premio Regina Elena winner Ancestral Dancer.
She was made 2/5 favourite and was never in danger of defeat, showing "blistering early speed" to take the lead after a furlong and drawing steadily away to win easily by six lengths.
"[16] A week later, the form of her Ascot win was boosted when Marina Park, who had been beaten nine lengths by Lyric Fantasy, won the Group Three Princess Margaret Stakes.
The last success for a two-year-old in open Group One competition had been Sigy in the 1978 Prix de l'Abbaye, although Paris House had finished second in the Nunthorpe in 1991.
Lyric Fantasy was made 8/11 favourite despite the presence in the field of her stable companion, the July Cup winner Mr Brooks.
She ran unplaced behind Elbio in the King's Stand Stakes at Royal Ascot and then finished last of the eleven starters behind Lochsong in the Nunthorpe.