Calming report of woman with phobia (8)
I believe the answer is:
soothing
'calming' is the definition.
('soothing' can be a synonym of 'calming')
'report of woman with phobia' is the wordplay.
'report of woman' becomes 'soo' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'with' says to put letters next to each other.
'phobia' becomes 'thing' (having 'a thing about' something is fearing it).
'soo'+'thing'='SOOTHING'
(Other definitions for soothing that I've seen before include "Balmy" , "restful" , "emollient" , "calming effect" , "peaceful" .)