<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                   FORM 10-K

                                  (Mark One)
 (X) ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE
                                  ACT OF 1934

                  For the Fiscal Year Ended February 3, 2001
                                ---------------

   ( ) TRANSITIONAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                             EXCHANGE ACT OF 1934

            For the transition period from __________ to __________

                        Commission File Number: 1-14987
                                ---------------

                                   TOO, INC.
            ------------------------------------------------------
            (Exact name of Registrant as specified in its charter)

                 Delaware                                   31-1333930
     -------------------------------                  ----------------------
     (State or other jurisdiction of                     (I.R.S. Employer
      incorporation or organization)                  Identification Number)


              3885 Morse Road, Columbus, Ohio               43219
           ---------------------------------------------------------
           (Address of principal executive offices)       (Zip Code)

        Registrant's telephone number, including area code 614-479-3500
                                ---------------
          Securities registered pursuant to Section 12(b) of the Act:
          -----------------------------------------------------------

          Title of each class         Name of each exchange on which registered
     -----------------------------    -----------------------------------------
     Common Shares, $.10 par value             New York Stock Exchange



       Securities registered pursuant to Section 12(g) of the Act: None
       ----------------------------------------------------------------

                                       1
<PAGE>

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days.

                             YES  X    NO
                                 ---      ---

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.  X
           ---


The aggregate market value of the voting stock held by non-affiliates of the
Registrant at April 30, 2001 was $614,614,393. There were 30,869,633 shares of
the Registrant's common stock outstanding at April 30, 2001.

                                       2
<PAGE>

                      DOCUMENTS INCORPORATED BY REFERENCE

Portions of the our annual report to shareholders for the fiscal year ended
February 3, 2001 are incorporated by reference into Part I and Part II and
portions of our proxy statement for the Annual Meeting of Shareholders scheduled
for May 22, 2001 are incorporated by reference into Part III.


PART I

ITEM 1.   BUSINESS

The Company

Too, Inc. (hereafter referred to as "Too" or the "Company") is a rapidly
growing, specialty retailer that sells apparel, underwear, sleepwear, swimwear,
lifestyle and personal care products for fashion-aware, trend-setting girls ages
seven to fourteen years.  The Company designs, sources and markets products
under the proprietary "Limited Too" brand name.  Prior to the August 1999 Spin-
off, the Company was a wholly-owned subsidiary of The Limited, Inc. ("The
Limited").

In 1987, The Limited established "Limited Too" brand stores adjacent to or as
departments within The Limited stores to provide similar apparel to young girls,
and also apparel for infants. From 1987 to the end of fiscal 1995, we expanded
our locations from two stores to 288 stores. In 1996, a new management team
recognized that its core customer had her own emerging sense of style and
revised our strategy to focus on girls seven to fourteen years of age as our
target customer group.

In 1999, the Board of Directors of The Limited approved a plan to distribute to
its shareholders all of the outstanding common shares of Too, Inc.  Therefore,
effective August 23, 1999, The Limited distributed to its shareholders of record
as of August 11, 1999, all of its interest in Too on the basis of one share of
Too common stock for each seven shares of The Limited common stock (the "Spin-
off"). The Spin-off resulted in 30.7 million shares of Too common stock
outstanding as of August 23, 1999.  As a result of the Spin-off, the Company
became an independent, separately traded, public company.  In connection with
the Spin-off, Too and The Limited entered into various agreements which cover
certain aspects of our ongoing relationship with The Limited.


Description of Operations

Too is a specialty retailer of quality apparel, underwear, sleepwear, swimwear,
lifestyle and personal care products for fashion-aware, trend-setting young
girls ages seven to fourteen years. Our target customers, girls ages seven to
fourteen, are active, creative and image-conscious, enjoy shopping and want to
describe themselves as "fun" and "cool". We believe our target customers want a
broad assortment of merchandise for their range of dressing occasions, including
school, leisure activities or special occasions. We continually update our
merchandise assortment, which includes non-apparel merchandise, such as candy,
jewelry, toiletries, cosmetics and lifestyle furnishings for her room.


                                       3
<PAGE>

To attract our target customers, we create an in-store atmosphere that is
visually appealing and provides an enjoyable, safe and exciting shopping
experience. We design our stores to provide a "theme park" destination in the
mall and to encourage our customers to touch and sample our products. All of our
stores contain a wide variety of merchandise for a "one-stop shopping"
experience, which has been specifically designed to embody "a store for her"
theme. Our stores feature colorful storefront windows, light displays,
photographic sticker booths, ear piercing stations, gumball machines, and eye-
catching photographs. Additionally, all stores opened or remodeled since mid-
1997 are under the "Girl Power" format which further enhances the shopping
experience.

Our merchandise includes:

 .    casual clothing, such as jeans and other jeanswear and bottoms, knit tops
     and T-shirts containing our brand name and other graphics, dresses and
     outerwear

 .    accessories, such as costume jewelry, hair ornaments, slippers, key chains,
     wallets, backpacks, purses, watches and shoes (introduced in fiscal year
     2000)

 .    lifestyle products, such as inflatable furniture, lamps, writing
     instruments, folders and posters

 .    personal care products under our "Girl Care" line, such as glitter
     cosmetics, toiletries and anti-bacterial gel

 .    add-ons, such as underwear, sleepwear and swimwear

We develop substantially all of our merchandise assortment through our own
design group, which allows us to create a vast array of exclusive merchandise
under our proprietary brand while bringing our products to market faster.
Additionally, because our merchandise is sold exclusively in our own stores, we
are able to control the presentation and pricing of our merchandise and provide
a higher level of customer service.

We use a variety of sourcing arrangements.  We purchased merchandise from
approximately 286 suppliers during fiscal 2000.  Historically, our largest
apparel supplier has been Mast Industries, Inc., a wholly owned subsidiary of
The Limited. Mast Industries supplied approximately 30% of the merchandise that
we purchased in 2000.  We believe that all transactions that we have entered
into with Mast Industries have been on terms that would have been obtained on an
arm's length basis since we treat them as if they were a third party. We were
not, and will not be, obligated to source products through Mast Industries.

We source a significant amount of our merchandise from foreign factories located
primarily in the "Far East". We do not have any long-term merchandise supply
contracts, and many of our imports are subject to existing or potential duties,
tariffs or quotas that may limit the quantity of goods which may be imported
into the United States from countries in that region.  Additionally, as we may
enter into manufacturing contracts in advance of the selling season, we may be
subject to shifts in demand for certain or all of our products.  The Company's
business is subject to a variety of risks generally associated with doing
business in foreign markets and importing merchandise from abroad, such as
political instability, currency and exchange risks, and local business practice
and political issues.

In connection with the Spin-off, we entered into a services agreement with
Limited Logistics Services (formally known as Limited Distribution Services), a
wholly-owned subsidiary of The Limited, to provide distribution services to us
covering flow of merchandise from factory to our stores for up to three years
after the date of

                                       4
<PAGE>

Spin-off. Most of the merchandise and related materials for the Company's stores
are shipped to a distribution center owned by The Limited in Columbus, Ohio,
where the merchandise is received, inspected, allocated and packed for shipment
to stores. Under the service agreement, The Limited distributes merchandise and
related materials using common and contract carriers to the Company's stores.
Inbound freight is charged to Too based upon actual receipts and related
charges, while outbound freight is charged based on a percentage of cartons
shipped.

The Company's policy is to maintain sufficient quantities of inventory on hand
in its retail stores and distribution center so that it can offer customers a
full selection of current merchandise. The Company emphasizes rapid turnover and
takes markdowns where required to keep merchandise fresh and current with
fashion trends.

The Company views the retail apparel market as having two principal selling
seasons, Spring and Fall. As is generally the case in the apparel industry, the
Company experiences its peak sales activity during the Fall season. This
seasonal sales pattern results in increased inventory during the back-to-school
and Christmas holiday selling periods. During fiscal year 2000, the highest
inventory level approximated $69 million at the November 2000 month-end and the
lowest inventory level approximated $30 million at the May 2000 month-end.
Merchandise sales are predominantly paid for by cash, personal check or credit
cards issued by third parties.  In September 2000, the Company began issuing a
private label credit card as an additional convenience to our customers.

At the end of fiscal 2000, the Company operated 406 stores in 44 states.  The
following table shows the number of retail stores operated by the Company over
the past five fiscal years.

<TABLE>
<CAPTION>
                                                                         Fiscal Years Ended
                                             -------------------------------------------------------------------------
                                             February 3,     January 29,     January 30,    January 31,    February 1,
                                                2001            2000            1999           1998           1997
                                             ----------      ----------      ----------     ----------     -----------
<S>                                          <C>             <C>             <C>            <C>            <C>
Number of stores:
  Beginning of year                                 352             319             312            308             288
  Opened                                             58              42              10              7              27
  Closed                                             (4)             (9)             (3)            (3)             (7)
                                             -------------------------------------------------------------------------
                                                    406             352             319            312             308
                                             =========================================================================

Stores remodeled                                     10              18              15              -               -

Stores in Girl Power format                         156              89              29              4               -
% in Girl Power format                               38%             25%              9%             1%              -

Total square feet at period end                   1,669           1,441           1,281          1,244           1,224
  (thousands)
Average store size at period end                  4,111           4,094           4,015          3,987           3,974
  (square feet)
Annual sales per average square              $      341      $      330      $      300     $      259     $       214
  foot

</TABLE>

                                       5
<PAGE>

Additional information about the Company's business, including its revenues and
profits for the last three years, plus gross square footage is set forth under
the caption "Management's Discussion and Analysis of Financial Condition and
Results of Operations" in ITEM 7.

Trademarks and Service Marks

We are the owner in the United States of trademarks and service marks used to
identify our merchandise and services, other than our brand name, Limited Too.
Many of these merchandise marks are registered in the United States Patent and
Trademark Office. These merchandise marks are important to us, and we intend to,
directly or indirectly, maintain these marks and their registrations. However,
we may choose not to renew a registration of one or more of our merchandise
marks if we determine that the mark is no longer important to our business.

We also conduct business in foreign countries, principally because a substantial
portion of our merchandise is manufactured outside the United States. We own
registrations of our merchandise marks in foreign countries to the degree
necessary to protect these marks, although there may be restrictions on the use
of our marks in a limited number of foreign jurisdictions.

Limco, Inc., a wholly owned subsidiary of The Limited owns the brand name
"Limited Too", which is registered in the United States and in numerous foreign
countries. Limco, Inc. licenses the brand name to LimToo, Inc., our wholly owned
subsidiary. In connection with the Spin-off, Limco, Inc. and LimToo, Inc.
entered into a trademark and service mark licensing agreement that allows us to
operate under the "Limited Too" brand name in connection with our business. The
agreement is for an initial term of five years after the Spin-off, renewable
annually at our option.


Competition

The sale of apparel and personal care products through retail stores is a highly
competitive business with numerous competitors, including individual and chain
fashion specialty stores and department stores. Depth of selection, colors and
styles of merchandise, merchandise procurement and pricing, ability to
anticipate fashion trends and customer preferences, inventory control,
reputation, quality of merchandise, store design and location, advertising and
customer services are all important factors in competing successfully in the
retail industry.  Additionally, factors affecting consumer spending such as
interest rates, employment levels, taxation and overall business conditions
could have a material adverse effect on the Company's results of operations and
financial condition.

The Company is unable to estimate the number of competitors or its relative
competitive position due to the large number of companies selling apparel,
lifestyle and personal care products at retail, through stores, catalogs and
electronic commerce  ("e-commerce").


Associate Relations

On February 3, 2001, the Company employed approximately 8,500 associates (none
of whom were parties to a collective bargaining agreement), approximately 6,600
of whom were part-time. In addition, temporary associates are hired during peak
periods, such as "back-to-school" and the Holiday seasons.

                                       6
<PAGE>

Safe Harbor Statement and Business Risks

The Company cautions that any forward-looking statements (as such term is
defined in the Private Securities Litigation Reform Act of 1995) contained in
this Form 10-K or made by management of the Company involve risks and
uncertainties and are subject to change based on various important factors, many
of which may be beyond the Company's control. Forward-looking statements are
indicated by words such as "anticipate," "estimate," "expect," "intend," "risk,"
"could," "may," "will," "pro forma," "likely," "possible," "potential," and
similar words and phrases and the negative forms and variations of these words
and phrases, and include statements in this Form 10-K relating to anticipated
capital expenditures in 2001 for new stores and the remodeling or expansion of
existing stores, and the related funding.  The following factors, among others,
in some cases have affected, and in the future could affect, the Company's
financial performance and actual results and could cause future performance and
financial results to differ materially from those expressed or implied in any
forward-looking statements included in this Form 10-K or otherwise made by
management: changes in consumer spending patterns, consumer preferences and
overall economic conditions; the impact of competition and pricing; changes in
weather patterns; currency and exchange risks; changes in existing or potential
trade restrictions, duties, tariffs or quotas; changes in political or financial
stability; changes in postal rates and charges and paper and printing costs;
availability of suitable store locations at appropriate terms; ability to
develop new merchandise; ability to hire and train associates; and/or other risk
factors that may be described in the Risk Factors section of the Company's Form
10, filed August 18, 1999, as well as other filings with the Securities and
Exchange Commission.  Future economic and industry trends that could potentially
impact revenue and profitability are difficult to predict.  The Company assumes
no obligation to publicly update or revise its forward-looking statements even
if experience or future changes make it clear that any projected results
expressed or implied therein will not be realized.

                                       7
<PAGE>

ITEM 2.   PROPERTIES

Our main offices are located in Columbus, Ohio. These headquarters are owned by
Distribution Land Corp., a wholly owned subsidiary of The Limited, and leased to
us with the lease term expiring in August 2002.  We believe that our facilities
are reasonably maintained and in good operating condition.

We have commenced construction on our new distribution center and home office
facilities in Etna, Ohio and New Albany, Ohio, which we expect to move into
during the first quarter of 2002.

As of February 3, 2001, we operated 406 stores, which are located primarily in
shopping malls throughout the United States. Of these stores, 298 were leased
directly from third parties -- principally shopping mall developers -- and 108
are governed by leases where the primary tenant is The Limited or an affiliate
of The Limited.  The leases expire at various dates between 2000 and 2012.

Typically, when space is leased for a retail store in a shopping center, all
improvements, including interior walls, floors, ceilings, fixtures and
decorations, are supplied by the tenant. In certain cases, the landlord of the
property may provide a construction allowance to fund all or a portion of the
cost of improvements. The cost of improvements varies widely, depending on the
size and location of the store. Lease terms are typically between 10 and 15
years and usually include a fixed minimum rent plus a contingent rent based on
the store's annual sales in excess of a specified amount. Certain operating
costs such as common area maintenance, utilities, insurance and taxes are
typically paid by tenants.

Leases with The Limited or an affiliate of The Limited are on terms that
represent the proportionate share of the base rent payable in accordance with
the underlying lease plus the portion of any contingent rent payable in
accordance with the underlying lease attributable to our performance.


ITEM 3.   LEGAL PROCEEDINGS

          Not applicable.


ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

          None


                                       8
<PAGE>

                                    PART II

ITEM 5.   MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER
          MATTERS

Too, Inc. shares are traded on the New York Stock Exchange under the trading
symbol "TOO".  At March 30, 2001, the Company had approximately 22,883
shareholders of record.  The Company has not paid any dividends.

Information concerning the market price of the Company's common stock for fiscal
2000 is set forth in Note 12 to the Consolidated Financial Statements on pages
48 and 49 of the 2000 Annual Report and is incorporated herein by reference.


ITEM 6.   SELECTED FINANCIAL DATA

Selected financial data is set forth under the caption "Selected Financial Data"
on page 31 of the 2000 Annual Report and is incorporated herein by reference.


ITEM 7.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
          RESULTS OF OPERATIONS

Management's discussion and analysis of financial condition and results of
operations is set forth under the caption "Management's Discussion and Analysis
of Financial Condition and Results of Operations" on pages 32 through 37 of the
2000 Annual Report and is incorporated herein by reference.


ITEM 7A.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.


ITEM 8.   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The Consolidated Financial Statements of the Company and Subsidiaries, the Notes
to Consolidated Financial Statements, the Report of Management and the Report of
Independent Accountants are set forth on pages 38 through 50 of the 2000 Annual
Report and are incorporated herein by reference.


ITEM 9.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
          FINANCIAL DISCLOSURES

None

                                       9
<PAGE>

                                   PART III


ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

Information regarding directors and executive officers of the Company is set
forth under the captions "ELECTION OF DIRECTORS - Nominees and Directors",
" - Information Concerning the Board of Directors", "- Committees of the Board
of Directors", " - Executive Officers", and " - Security Ownership of Directors
and Management" on pages 4 through 7 of the Company's proxy statement for the
Annual Meeting of Shareholders to be held May 22, 2001 (the "Proxy Statement")
and is incorporated herein by reference. Information regarding compliance with
Section 16(a) of the Securities Exchange Act of 1934, as amended is set forth
under the caption "SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE" on
page 31 of the Proxy Statement and is incorporated herein by reference.

ITEM 11.  EXECUTIVE COMPENSATION

Information regarding executive compensation is set forth under the caption
"EXECUTIVE COMPENSATION" on pages 19 through 25 of the Proxy Statement and is
incorporated herein by reference. Such incorporation by reference shall not be
deemed to specifically incorporate by reference the information referred to in
Item 402(a)(8) of Regulation S-K.


ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

Information regarding the security ownership of certain beneficial owners and
management is set forth under the captions "ELECTION OF DIRECTORS - Security
Ownership of Directors and Management" on page 7 of the Proxy Statement and
"SHARE OWNERSHIP OF PRINCIPAL STOCKHOLDERS" on page 30 the Proxy Statement and
is incorporated herein by reference.


ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Information regarding certain relationships and related transactions is set
forth under the captions "ELECTION OF DIRECTORS - Nominees and Directors" on
pages 4 and 5 of the Proxy Statement and is incorporated herein by reference.


                                      10
<PAGE>

                                    PART IV


ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K

(a) (1)   List of Financial Statements.
          ----------------------------

The following consolidated financial statements of Too, Inc. and Subsidiaries
and the related notes are filed as a part of this report pursuant to ITEM 8:

     .    Consolidated Statements of Income for the fiscal years ended February
          3, 2001, January 29, 2000 and January 30, 1999.

     .    Consolidated Balance Sheets as of February 3, 2001 and January 29,
          2000.

     .    Consolidated Statements of Changes in Shareholders' Equity for the
          fiscal years ended February 3, 2001, January 29, 2000 and January 30,
          1999.

     .    Consolidated Statements of Cash Flows for the fiscal years ended
          February 3, 2001, January 29, 2000 and January 30, 1999.

     .    Notes to Consolidated Financial Statements.

     .    Report of Management.

     .    Report of Independent Accountants.


(a) (2)   List of Financial Statement Schedules.
          --------------------------------------

All schedules required to be filed as part of this report pursuant to ITEM 14(d)
are omitted because the required information is either presented in the
financial statements or notes thereto, or is not applicable, required or
material.


(a) (3)   List of Exhibits.
          -----------------

     2.1  Distribution Agreement dated as of August 23, 1999 between The
          Limited, Inc. and Too, Inc. (incorporated by reference to Exhibit 2.1
          to the Current Report on Form 8-K filed October 1, 1999).

     3.1  Amended and Restated Certificate of Incorporation of Too, Inc.
          (incorporated by reference to Exhibit 3.1 to the Current Report on
          Form 8-K filed October 1, 1999).

     3.2  Amended and Restated Bylaws of Too, Inc. (incorporated by reference to
          Exhibit 3.2 to the Current Report on Form 8-K filed October 1, 1999).


                                      11
<PAGE>

     4.1   Specimen Certificate of Common Stock of Too, Inc. (incorporated by
           reference to Exhibit 4.1 to the Current Report on Form 8-K filed
           October 1, 1999)

     10.1  Credit Agreement among Too, Inc., various lending institutions,
           Citicorp USA, Inc., as Syndication Agent and Morgan Guaranty Trust
           Company of New York, as Administrative Agent (incorporated by
           reference to Exhibit 10.1 to the Amended Registration Statement on
           Form 10 filed August 18, 1999)

     10.2  Store Leases Agreement dated as of August 23, 1999 by and among The
           Limited Stores, Inc., Victoria's Secret Stores, Inc., Lerner New
           York, Inc., Express, LLC, Structure, Inc., The Limited, Inc. and Too,
           Inc. (incorporated by reference to Exhibit 10.2 to the Current Report
           on Form 8-K filed October 1, 1999)

     10.3  Trademark and Service Mark Licensing Agreement dated as of August 23,
           1999 between Limco, Inc. and LimToo, Inc. (incorporated by reference
           to Exhibit 10.3 to the Current Report on Form 8-K filed October 1,
           1999)

     10.4  Services Agreement dated as of August 23, 1999 by and between The
           Limited, Inc. and Too, Inc. (incorporated by reference to Exhibit
           10.4 to the Current Report on Form 8-K filed October 1, 1999)

     10.5  Tax Separation Agreement dated August 23, 1999 between The Limited,
           Inc., on behalf of itself and the members of The Limited Group, and
           Too, Inc., on behalf of itself and the members of the Too Group.
           (incorporated by reference to Exhibit 10.5 to the Current Report on
           Form 8-K filed October 1, 1999)

     10.6  Building Lease Agreement dated July 1, 1995 by and between
           Distribution Land Corp. and Limited Too, Inc., the predecessor
           company of Too, Inc. (incorporated by reference to Exhibit 10.6 to
           the Amended Registration Statement on Form 10 filed August 18, 1999)

     10.7  Amendment to Building Lease Agreement between Distribution Land Corp.
           and Too, Inc. (incorporated by reference to Exhibit 10.7 to the
           Current Report on Form 8-K filed October 1, 1999)

     10.8  Too, Inc. 1999 Incentive Compensation and Performance Plan.
           (incorporated by reference to Exhibit 10.8 to the Current Report on
           Form 8-K/A filed March 20, 2000)

     10.9  Too, Inc. First Amended and Restated 1999 Stock Option and
           Performance Incentive Plan. (incorporated by reference to Exhibit
           10.4 to the Quarterly Report on Form 10-Q filed on September 11,
           2000)

     10.10 Too, Inc. First Amended and Restated 1999 Stock Option Plan for Non-
           Associate Directors. (incorporated by reference to Exhibit 10.3 to
           the Quarterly Report on Form 10-Q filed on September 11, 2000)

                                      12
<PAGE>

     10.11     Too, Inc. First Amended and Restated Savings and Retirement Plan.
               (incorporated by reference to Exhibit 10.1 to the Quarterly
               Report on Form 10-Q filed on September 11, 2000)

     10.12     Too, Inc. First Amended and Restated Supplemental Retirement and
               Deferred Compensation Plan. (incorporated by reference to Exhibit
               10.2 to the Quarterly Report on Form 10-Q filed on September 11,
               2000)

     10.13     Employment Agreement, dated as of September 15, 2000, between the
               Company and Michael W. Rayden (incorporated by reference to
               Exhibit 10.1 to the Quarterly Report on Form 10-Q filed on
               December 14, 2000)

     10.14     Executive Agreement, dated as of September 15, 2000, between the
               Company and Michael W. Rayden (incorporated by reference to
               Exhibit 10.2 to the Quarterly Report on Form 10-Q filed on
               December 14, 2000)

     10.15     Employment Agreement, dated as of September 15, 2000, between the
               Company and Kent A. Kleeberger (incorporated by reference to
               Exhibit 10.3 to the Quarterly Report on Form 10-Q filed on
               December 14, 2000)

     10.16     Executive Agreement, dated as of September 15, 2000, between the
               Company and Kent A. Kleeberger (incorporated by reference to
               Exhibit 10.4 to the Quarterly Report on Form 10-Q filed on
               December 14, 2000)

     10.17     Employment Agreement, dated as of September 15, 2000, between the
               Company and James C. Petty (incorporated by reference to Exhibit
               10.5 to the Quarterly Report on Form 10-Q filed on December 14,
               2000)

     10.18     Executive Agreement, dated as of September 15, 2000, between the
               Company and James C. Petty (incorporated by reference to Exhibit
               10.6 to the Quarterly Report on Form 10-Q filed on December 14,
               2000)

     10.19     Employment Agreement, dated as of October 30, 2000, between the
               Company and Ronald Sykes

     10.20     Executive Agreement, dated as of October 30, 2000, between the
               Company and Ronald Sykes

     10.21     Employment Agreement, dated as of September 15, 2000, between the
               Company and Sally A. Boyer (incorporated by reference to Exhibit
               10.7 to the Quarterly Report on Form 10-Q filed on December 14,
               2000)

     10.22     Executive Agreement, dated as of September 15, 2000, between the
               Company and Sally A. Boyer (incorporated by reference to Exhibit
               10.8 to the Quarterly Report on Form 10-Q filed on December 14,
               2000)


                                      13
<PAGE>

     13   Excerpts from the 2000 Annual Report including "Selected Financial
          Data", "Management's Discussion and Analysis of Financial Condition
          and Results of Operations", "Consolidated Financial Statements and
          Notes to Consolidated Financial Statements", "Report of Management"
          and "Report of Independent Accountants" on pages 31 through 50.

     21   Subsidiaries of the Registrant

     23   Consent of Independent Accountants

     24   Powers of Attorney


(b)  Reports on Form 8-K.
     --------------------

     None

(c)  Exhibits.
     ---------

     The exhibits to this report are listed in section (a) (3) of Item 14 above.

(d)  Financial Statement Schedule
     ----------------------------

     None


                                      14
<PAGE>

                                  SIGNATURES


Pursuant to the requirements of Section 13 or l5(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.


Date: May 1, 2001            TOO, INC.
                             (registrant)


                             By /s/ Kent A. Kleeberger
                             --------------------------------------------------
                             Kent A. Kleeberger
                             Executive Vice President - Chief Financial Officer,
                             Logistics and Systems
                             Secretary and Treasurer


Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the registrant and
in the capacities indicated on May 1, 2001:

        Signature            Title
        ---------            -----

/s/ MICHAEL W. RAYDEN*       Chairman of the Board of Directors,
------------------------     President and Chief Executive Officer
Michael W. Rayden            (Principal Executive Officer)



/s/ KENT A. KLEEBERGER*      Director, Executive Vice President -
------------------------     Chief Financial Officer, Logistics and Systems,
Kent A. Kleeberger           Secretary and Treasurer
                             (Principal Financial and Accounting Officer)


/s/ NANCY J. KRAMER*         Director
------------------------
Nancy J. Kramer


/s/ DAVID A. KRINSKY*        Director
------------------------
David A. Krinsky


/s/ PHILIP E. MALLOTT*       Director
------------------------
Philip E. Mallott


                                      15
<PAGE>

/s/ JAMES U. MCNEAL*               Director
----------------------------
James U. McNeal, Ph.D.


/s/ KENNETH JAMES STROTTMAN*       Director
----------------------------
Kenneth James Strottman



*    The undersigned, by signing his name hereto, does hereby sign this report
     on behalf of each of the above-indicated directors of the registrant
     pursuant to powers of attorney executed by such directors.



                                                  By /s/ Kent A. Kleeberger
                                                  -------------------------
                                                  Kent A. Kleeberger
                                                  Attorney-in-fact


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<PAGE>

                                 EXHIBIT INDEX



Exhibit No.    Document
-----------    -----------------------------------------------------------------

       2.1     Distribution Agreement dated as of August 23, 1999 between The
               Limited, Inc. and Too, Inc. (incorporated by reference to Exhibit
               2.1 to the Current Report on Form 8-K filed October 1, 1999).

       3.1     Amended and Restated Certificate of Incorporation of Too, Inc.
               (incorporated by reference to Exhibit 3.1 to the Current Report
               on Form 8-K filed October 1, 1999).

       3.2     Amended and Restated Bylaws of Too, Inc. (incorporated by
               reference to Exhibit 3.2 to the Current Report on Form 8-K filed
               October 1, 1999).

       4.1     Specimen Certificate of Common Stock of Too, Inc. (incorporated
               by reference to Exhibit 4.1 to the Current Report on Form 8-K
               filed October 1, 1999)

       10.1    Credit Agreement among Too, Inc., various lending institutions,
               Citicorp USA, Inc., as Syndication Agent and Morgan Guaranty
               Trust Company of New York, as Administrative Agent (incorporated
               by reference to Exhibit 10.1 to the Amended Registration
               Statement on Form 10 filed August 18, 1999)

       10.2    Store Leases Agreement dated as of August 23, 1999 by and among
               The Limited Stores, Inc., Victoria's Secret Stores, Inc., Lerner
               New York, Inc., Express, LLC, Structure, Inc., The Limited, Inc.
               and Too, Inc. (incorporated by reference to Exhibit 10.2 to the
               Current Report on Form 8-K filed October 1, 1999)

       10.3    Trademark and Service Mark Licensing Agreement dated as of August
               23, 1999 between Limco, Inc. and LimToo, Inc. (incorporated by
               reference to Exhibit 10.3 to the Current Report on Form 8-K filed
               October 1, 1999)

       10.4    Services Agreement dated as of August 23, 1999 by and between The
               Limited, Inc. and Too, Inc. (incorporated by reference to Exhibit
               10.4 to the Current Report on Form 8-K filed October 1, 1999)

       10.5    Tax Separation Agreement dated August 23, 1999 between The
               Limited, Inc., on behalf of itself and the members of The Limited
               Group, and Too, Inc., on behalf of itself and the members of the
               Too Group. (incorporated by reference to Exhibit 10.5 to the
               Current Report on Form 8-K filed October 1, 1999)

       10.6    Building Lease Agreement dated July 1, 1995 by and between
               Distribution Land Corp. and Limited Too, Inc., the predecessor
               company of Too, Inc. (incorporated by reference to Exhibit 10.6
               to the Amended Registration Statement on Form 10 filed August 18,
               1999)

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<PAGE>

       10.7    Amendment to Building Lease Agreement between Distribution Land
               Corp. and Too, Inc. (incorporated by reference to Exhibit 10.7 to
               the Current Report on Form 8-K filed October 1, 1999)

       10.8    Too, Inc. 1999 Incentive Compensation and Performance Plan.
               (incorporated by reference to Exhibit 10.8 to the Current Report
               on Form 8-K/A filed March 20, 2000)

       10.9    Too, Inc. First Amended and Restated 1999 Stock Option and
               Performance Incentive Plan. (incorporated by reference to Exhibit
               10.4 to the Quarterly Report on Form 10-Q filed on September 11,
               2000)

      10.10    Too, Inc. First Amended and Restated 1999 Stock Option Plan for
               Non-Associate Directors. (incorporated by reference to Exhibit
               10.3 to the Quarterly Report on Form 10-Q filed on September 11,
               2000)

      10.11    Too, Inc. First Amended and Restated Savings and Retirement Plan.
               (incorporated by reference to Exhibit 10.1 to the Quarterly
               Report on Form 10-Q filed on September 11, 2000)

      10.12    Too, Inc. First Amended and Restated Supplemental Retirement and
               Deferred Compensation Plan. (incorporated by reference to Exhibit
               10.2 to the Quarterly Report on Form 10-Q filed on September 11,
               2000)

      10.13    Employment Agreement, dated as of September 15, 2000, between the
               Company and Michael W. Rayden (incorporated by reference to
               Exhibit 10.1 to the Quarterly Report on Form 10-Q filed on
               December 14, 2000)

      10.14    Executive Agreement, dated as of September 15, 2000, between the
               Company and Michael W. Rayden (incorporated by reference to
               Exhibit 10.2 to the Quarterly Report on Form 10-Q filed on
               December 14, 2000)

      10.15    Employment Agreement, dated as of September 15, 2000, between the
               Company and Kent A. Kleeberger (incorporated by reference to
               Exhibit 10.3 to the Quarterly Report on Form 10-Q filed on
               December 14, 2000)

      10.16    Executive Agreement, dated as of September 15, 2000, between the
               Company and Kent A. Kleeberger (incorporated by reference to
               Exhibit 10.4 to the Quarterly Report on Form 10-Q filed on
               December 14, 2000)

      10.17    Employment Agreement, dated as of September 15, 2000, between the
               Company and James C. Petty (incorporated by reference to Exhibit
               10.5 to the Quarterly Report on Form 10-Q filed on December 14,
               2000)

      10.18    Executive Agreement, dated as of September 15, 2000, between the
               Company and James C. Petty (incorporated by reference to Exhibit
               10.6 to the Quarterly Report on Form 10-Q filed on December 14,
               2000)


                                      18
<PAGE>

      10.19    Employment Agreement, dated as of October 30, 2000, between the
               Company and Ronald Sykes

      10.20    Executive Agreement, dated as of October 30, 2000, between the
               Company and Ronald Sykes

      10.21    Employment Agreement, dated as of September 15, 2000, between the
               Company and Sally A. Boyer (incorporated by reference to Exhibit
               10.7 to the Quarterly Report on Form 10-Q filed on December 14,
               2000)

      10.22    Executive Agreement, dated as of September 15, 2000, between the
               Company and Sally A. Boyer (incorporated by reference to Exhibit
               10.8 to the Quarterly Report on Form 10-Q filed on December 14,
               2000)

      13       Excerpts from the 2000 Annual Report including "Selected
               Financial Data", "Management's Discussion and Analysis of
               Financial Condition and Results of Operations", "Consolidated
               Financial Statements and Notes to Consolidated Financial
               Statements", "Report of Management" and "Report of Independent
               Accountants" on pages 31 through 50.

      21       Subsidiaries of the Registrant

      23       Consent of Independent Accountants

      24       Powers of Attorney

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