A very rare Gift Set produced around 1983.
Vintage Masters of the Universe "Gift Sets" are very scarce.
Other notable Gift sets produced:
He Man with Battlecat, Skeletor with Panthor, Skeletor with Screech, He Man with Jet Sled, Fisto with Strydor, Jitsu with Nighstalker, Battle Armor He man with Battlecat, Battle Armor Skeletor with Panthor, Battle Armor Skeletor with Landshark.
Produced in 1983 by Mattel
Original retail price: $9.97