Prancing Pretty Carousel
From My Little Wiki
Prancing Pretty Carousel is a petite pony playset from generation 1. It came with two petite ponies Topper and Whirly. Note that the playset came with only one teapot car and two teacup cars (different colors), all of which have matching wheel colors. The white/teal/purple accessory pieces were sold in various combinations, but the main carousel parts are always pink/yellow.
Hasbro reused this playset (with some modifications) for the LIttlest Pet Shop line in 1995. [1] Notably, it does not include a music box / wind up feature.