This pattern coordinates with #02 Skirt for Two-piece Dress. The blouse has a split hem, with bias bands knitted separately and and sewn to hem and cuffs.

From Vogue Knitting, Spring/Summer 1962:
“Un-fussy as a Rugby shirt, the top of this two-piece dress has skinny raglan sleeves, a squared-off neck, and a banded edge. Pink is an all-feminine factor. Easy to knit.”

Body measurements corresponding to vintage sizes 12, 14, 16 are as follows:
size 12 bust 32”, waist 25”, hip 34”, arm length 16.25”
size 14 bust 34”, waist 26”, hip 36”, arm length 17”
size 16 bust 36”, waist 28”, hip 38”, arm length 17.5”

Materials (yarn quantity specified is for both blouse and skirt):
Diamond’s Elegance, 50g balls, 10(11,12) in main color, 3(4,5) in contrasting color.