We report on a multi-observatory campaign to examine asteroid 3200 Phaethon during its December 2017 close approach to Earth, in order to improve our measurements of its fundamental parameters, and to search for surface variations, cometary activity and fragmentation. The mean colors of Phaethon are B-V = 0.702 ± 0.004, V-R = 0.309 ± 0.003, R-I = 0.266 ± 0.004, neutral to slightly blue, consistent with previous classifications of Phaethon as a F-type or B-type asteroid (Tholen 1985;Green et al. 1985). Variations in Phaethon's B-V colors (but not V-R or R-I) with observer sub-latitude are seen and may be associated with craters observed by the Arecibo radar (Taylor et al. 2019). High cadence photometry over phases from 20 to 100 degrees allows a fit to the values of the HG photometric parameters; H = 14.57±0.02, 13.63±0.02, 13.28±0.02, 13.07±0.02; G = 0.00±0.01, −0.09±0.01, −0.10±0.01, −0.08±0.01 in the BVRI filters respectively; the negative G values are consistent with other observations of F type asteroids e.g (Lagerkvist & Magnusson 1990). Light curve variations were seen that are also consistent with concavities reported by Arecibo, indicative of large craters on Phaethon's surface whose ejecta may be the source of the Geminid meteoroid stream. A search for gas/dust production set an upper limit of 0.06 ± 0.02 kg/s when Phaethon was 1.449 AU from the Sun, and 0.2 ± 0.1 kg/s at 1.067 AU. A search for meter-class fragments accompanying Phaethon did not find any whose on-sky motion was not also consistent with background main belt asteroids.