Exhibit 31.2

I, Craig R. Bald certify that:

| | 1. | I
have reviewed this annual report on Form 10-K of The Middleton Doll Company;
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| | 2. | Based
on my knowledge, this report does not contain any untrue statement of a
                    material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;
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| | 3. | Based
on my knowledge, the financial statements, and other financial information
          included in this report, fairly present in all material respects the financial
          condition, results of operations and cash flows of the registrant as of, and
          for, the periods presented in this report;
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| | 4. | The
registrants other certifying officer(s) and I are responsible for
          establishing and maintaining disclosure controls and procedures (as defined in
          Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:
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| | (a) | Designed
such disclosure controls and procedures, or caused such disclosure           controls and
procedures to be designed under our supervision, to ensure that           material
information relating to the registrant, including its consolidated
          subsidiaries, is made known to us by others within those entities, particularly
          during the period in which this report is being prepared;
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| | (b) | Evaluated
the           effectiveness of the registrants disclosure controls and procedures
and           presented in this report our conclusions about the effectiveness of the
          disclosure controls and procedures, as of the end of the period covered by this
          report based on such evaluation; and
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| | (c) | Disclosed
in this report any change in           the registrants internal control over
financial reporting that occurred           during the registrants most recent
fiscal quarter that has materially           affected, or is reasonably likely to
materially affect, the registrants           internal control over financial
reporting; and
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| | 5. | The
registrants other certifying officer(s) and I have disclosed, based on
          our most recent evaluation of internal control over financial reporting, to the
          registrants auditors and the audit committee of registrants board
of           directors (or persons performing the equivalent function):
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| | (a) | All
significant deficiencies and material weakness in the design or operation           of
internal control over financial reporting which are reasonably likely to
          adversely affect the registrants ability to record, process, summarize
and           report financial information; and
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| | (b) | Any
fraud, whether or not material, that           involves management or other employees who
have a significant role in the           registrants internal control over
financial reporting.
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|                     |                           
|-------------------- | --------------------------
|Date: March 31, 2006 | /s/ Craig R. Bald         
|                     | Craig R. Bald             
|                     | Vice President Finance and
|                     | Chief Financial Officer