1986 Hasbro Toy Fair Catalog - Twinkle-Eyed ponies
These are prototypes, probably handpainted.  What immediately jumps out at me is that Masquerade and Whizzer have swapped poses! 
"Little girls will journey to a land where dreams come true just by gazing into a Twinkle-Eyed pony’s eyes! Like precious jewels that sparkle and shine, Twinkle-Eyed ponies have eyes that beam with all the colors of the rainbow. They have beautiful hair, streaked with magical colors, in either a sleek, straight style or bouncing with fluffy curls.  Each Twinkle-Eyed Pony is packaged on a blister card and comes with a comb, ribbon, and grape scented body sticker.  A delightful Pony Story appears on the back of each package."

1986 Hasbro Toy Fair Catalog - Twinkle-Eyed ponies

These are prototypes, probably handpainted.  What immediately jumps out at me is that Masquerade and Whizzer have swapped poses! 

"Little girls will journey to a land where dreams come true just by gazing into a Twinkle-Eyed pony’s eyes! Like precious jewels that sparkle and shine, Twinkle-Eyed ponies have eyes that beam with all the colors of the rainbow. They have beautiful hair, streaked with magical colors, in either a sleek, straight style or bouncing with fluffy curls.  Each Twinkle-Eyed Pony is packaged on a blister card and comes with a comb, ribbon, and grape scented body sticker.  A delightful Pony Story appears on the back of each package."

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    twinkle eyed ponies are my age!!
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