A walking toy for a child which may simulate a horse and which includes a body having a seat for the child which may simulate a saddle, with a front pedestal depending from the front of the body and a rear pedestal pivotally connected to the body at a pivot point underneath the seat, but extending rearwardly and downwardly to a laterally extended base under the rear of the body. The front pedestal also has a laterally extending base, and each base is longitudinally convex, so that the child may shift his weight forwardly onto the front pedestal to cause the rear pedestal to swing forwardly toward the front pedestal, and shift his weight rearwardly substantially upon the rear pedestal, to cause the front pedestal and body to move forwardly and away from the rear pedestal. An accessory for the walking toy may be a flat board having a rear, depending strut, with a lower, concave notch to fit on the body just forwardly of the front rim of the saddle, and a pair of front, depending ears, each having a notch to fit upon a handle which extends from the opposite sides of the simulated horse head.