UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                              --------------------


                                    FORM 8-K


                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

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                   Date of Report
                   (Date of earliest
                   event reported):       March 23, 2007


                           The Middleton Doll Company
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             (Exact name of registrant as specified in its charter)



   Wisconsin                        0-22663                      39-1364345
- ---------------                     -------                      ----------
(State or other                (Commission File                (IRS Employer
jurisdiction of                     Number)                  Identification No.)
incorporation)


               1050 Walnut Ridge Drive, Hartland, Wisconsin 53029
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          (Address of principal executive offices, including zip code)


                                 (262) 369-8163
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                        (Registrant's telephone number)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))




Item 2.02.        Results of Operations and Financial Condition

                  On March 23, 2007 The Middleton Doll Company issued a press
release announcing its earnings for the fourth quarter ended December 31, 2006
(the "Press Release"). A copy of the Press Release is being filed as Exhibit 99
to this Report and is incorporated by reference.

Item 9.01.        Financial Statements and Exhibits.

                  (a) Not applicable.

                  (b) Not applicable.

                  (c) Exhibits. The following exhibit is being filed herewith:
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                      (99) Press Release of The Middleton Doll Company,
                           dated March 23, 2007.




                                   SIGNATURES

                  Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                               The Middleton Doll Company



Date:  March 23, 2007                          By: /s/Craig R. Bald
                                                  ------------------------------
                                                   Craig R. Bald
                                                   Chief Financial Officer




                           The Middleton Doll Company


                   Exhibit Index to Current Report on Form 8-K
                              Dated March 23, 2007

Exhibit
Number
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(99)              Press Release dated March 23, 2007:  The Middleton Doll
                  Company Reports Fourth Quarter Results