--COMPANY PRESS RELEASE--


RC2'S GIGGLEWINGS® ARE LAUGHING THEIR WAY ONTO STORE SHELVES

Unique soft doll line designed to help children address emotional
milestones are sure to be a big hit in 2004


Bolingbrook, IL (April 16, 2004)-RC2 Corporation (NASDAQ:RCRC), a leading producer of high quality toys and collectibles, is giggling with excitement about GiggleWings®, a line of guardian angel soft dolls designed to help children address emotional and developmental milestones. GiggleWings celebrate emotions and light-hearted play through adorable characters that represent significant childhood events, including overcoming the fear of the dark, first day of school, first lost tooth and doctor visits. Due to hit store shelves this month, GiggleWings are special guardian angels with fun, infectious giggles, designed to give specialty toy and gift retailers an innovative product to appeal to parents and gift-givers alike.

"GiggleWings offer a unique sales opportunity for specialty toy and gift retailers," says John Lee, Executive Vice President of RC2 Corporation. "GiggleWings give retailers a chance to capitalize on the trend of emotional intelligence by providing them with a quality product that truly celebrates children's emotions and demonstrates that we, as adults, care about them."

Emotional intelligence is a hot topic for today's parents and grandparents. GiggleWings' whimsical characters like Annie Biotic and Stevie Snoozyhead help alleviate children's fears of snuffy sniffles and nighttime noises. The collectible characters make great gifts and help reinforce the message that laughter is the best medicine of all!

"We are very excited about RC2's launch of GiggleWings," says Deborah Bingle, CEO/President and Founder of Top Floor Creations, Inc., creator of the GiggleWings concept. "RC2 has a history of creating quality products and they truly understand GiggleWings' mission of comforting children and helping them learn, play, explore their emotions and grow."

About RC2 Corporation
RC2 (www.rc2corp.com) is a leading designer, producer and marketer of high-quality, innovative collectibles and toys targeted at adult collectors and children, as measured by sales and brand recognition. The Company's diverse product offerings include: agricultural, construction and outdoor sports vehicle replicas; automotive, high performance and racing vehicle replicas; traditional children's toys; sports trading cards, apparel and souvenirs; and collectible figures. These products are sold under the Company's market-focused brand names, including Racing Champions®, Ertl®, Ertl Collectibles®, Learning Curve®, American Muscle™, AMT®, W. Britain®, Press Pass®, Eden®, Feltkids®, JoyRide® and JoyRide Studios®. The Company supports its brands and enhances the authenticity of its products by linking them with highly recognized licensed properties from John Deere, Harley-Davidson, HIT Entertainment, Lamaze, Case New Holland, Polaris, Honda, Caterpillar, Ford, GM, DaimlerChrysler, NASCAR, NHRA, Texaco, Universal Studios, Warner Brothers, DIC Entertainment, Discovery Channel and Microsoft. The Company's products are marketed through multiple channels of distribution, including chain retailers, specialty and hobby wholesalers and retailers, OEM dealers, corporate accounts for promotional purposes and direct to consumers. The Company sells through more than 25,000 retail outlets located in North America, Europe, Australia and Asia Pacific.


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