<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2011-04-28</periodOfReport>

    <issuer>
        <issuerCik>0001034239</issuerCik>
        <issuerName>RC2 CORP</issuerName>
        <issuerTradingSymbol>RCRC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001160793</rptOwnerCik>
            <rptOwnerName>TOMY CO LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>7-9-10 TATEISHI, KATSUSHIKA-KU</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>TOKYO</rptOwnerCity>
            <rptOwnerState>M0</rptOwnerState>
            <rptOwnerZipCode>124-8511</rptOwnerZipCode>
            <rptOwnerStateDescription>JAPAN</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001514708</rptOwnerCik>
            <rptOwnerName>Galaxy Dream Corp</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TOMY COMPANY, LTD.</rptOwnerStreet1>
            <rptOwnerStreet2>7-9-10 TATEISHI, KATSUSHIKA-KU</rptOwnerStreet2>
            <rptOwnerCity>TOKYO</rptOwnerCity>
            <rptOwnerState>M0</rptOwnerState>
            <rptOwnerZipCode>124-8511</rptOwnerZipCode>
            <rptOwnerStateDescription>JAPAN</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2011-04-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>290633</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>27.90</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>19757071</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Galaxy Dream Corporation</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Reflects shares acquired from RC2 Corporation (&quot;RC2&quot;), pursuant to the exercise of the &quot;top-up&quot; option provided in the Agreement and Plan of Merger, dated as of March 10, 2011 (the &quot;Merger Agreement&quot;), among Tomy Company, Ltd. (&quot;Parent&quot;), Galaxy Dream Corporation (&quot;Purchaser&quot;), and RC2.</footnote>
        <footnote id="F2">The acquired securities are owned directly by Purchaser.  Purchaser is a wholly owned direct subsidiary of Tomy Corporation, a Delaware corporation, which is a wholly owned direct subsidiary of Parent.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Toshiki Miura, Chief Financial Officer, on behalf of Tomy Company, Ltd.</signatureName>
        <signatureDate>2011-04-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Toshiki Miura, Treasurer, on behalf of Galaxy Dream Corporation</signatureName>
        <signatureDate>2011-04-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
