There are two ways of naming this, only one is IUPAC correct.
either the alcohol takes precedence, and the phenyl group becomes just an added branch, in this case you start counting carbons from the OH. So the carbon bonded to the phenyl group is the second carbon and you get 2-Phenylethanol.
OR
You could treat the chain as the substituent group, if you do that, you will fall into a lot of trouble. How do you indicate which carbon of ethanol is bonded to the benzene? And what the hell is the substituent name of ethanol? ethanyl? ethanoyl? They're all taken. So stick to the first one as it's the IUPAC certified one.