FOR IMMEDIATE RELEASE

                                  PRESS RELEASE

           Amscan Announces Filing to Register Shares of Common Stock

                                       Contact: James M. Harrison (914) 784-4014
                                              Michael A. Correale (914) 784-4050

     ELMSFORD, NEW YORK. June 13, 2002. Amscan Holdings, Inc. announced today
that it has filed a registration statement with the Securities and Exchange
Commission for an underwritten public offering of shares of its common stock. It
is expected that the offering will be a combined primary and secondary offering.
Amscan anticipates that, if the offering is completed, it will use the net
proceeds it receives to pay existing debt. Goldman, Sachs & Co., William Blair &
Co., L.L.C., CIBC World Markets Corp. and Stephens Inc. will represent the
underwriters in connection with the anticipated offering.

     Amscan designs, manufactures and distributes decorative party goods,
including paper and plastic tableware, accessories and novelties. It also
designs and distributes home, baby and wedding items.

     The registration statement has been filed with the Securities and Exchange
Commission but has not yet become effective. The shares may not be sold nor may
offers to buy the shares be accepted prior to the time the registration
statement becomes effective. This release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any
such state.

     Any statements released by Amscan that are forward-looking are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Terms such as "anticipates," "expects," words of similar
import and variations on such words are intended to identify forward-looking
statements. Investors are cautioned that forward-looking statements necessarily
involve risks and uncertainties which are difficult to predict and actual
outcomes may materially vary from what is expressed or forecasted in such
forward-looking statements.

     When available, copies of the preliminary prospectus filed as part of the
registration statement may be obtained without charge, by directing a request to
Amscan Holdings, Inc. 80 Grasslands Road, Elmsford, New York 10523, Attention:
Michael A. Correale.