EXHIBIT (a)(1)(v)
                              THE FIRST YEARS INC.

                                   SUPPLEMENT
                             DATED DECEMBER 10, 2001
                                       TO
                         THE OFFER TO PURCHASE FOR CASH
                                       BY
                              THE FIRST YEARS INC.

                    UP TO 900,000 SHARES OF ITS COMMON STOCK
             (INCLUDING THE ASSOCIATED COMMON STOCK PURCHASE RIGHTS)

                 AT A PURCHASE PRICE OF NOT GREATER THAN $12.65
                         NOR LESS THAN $10.65 PER SHARE

     This Supplement supplements and amends the Offer to Purchase by The First
Years Inc. dated November, 21, 2001. Except as set forth in this Supplement, the
terms and conditions of the offer remain as set forth in the Offer to Purchase
and the related Letter of Transmittal.

     Page 14 of the Offer to Purchase is amended so that the paragraph following
the table on such page reads in its entirety as follows: "We incorporate by
reference these documents."

     Page 18 of the Offer to Purchase is amended so that the phrase "in the sole
judgment of The First Years" is hereby deleted and replaced with the phrase "in
the good faith reasonable judgment of The First Years" in each place it appears
under the subheading entitled "Material Adverse Change Condition."

     Page 22 of the Offer to Purchase is amended so that the following
subsection is added to Section 17:

     BACKGROUND OF THE TENDER OFFER. Phillip Goldstein and Opportunity Partners
L.P. filed a preliminary proxy statement on April 11, 2001, which was
subsequently amended on April 23, 2001, in opposition to The First Years' proxy
statement filed on April 9, 2001. Mr. Goldstein subsequently withdrew his proxy
materials and informed us that he did not intend to pursue his proposals at our
annual meeting held on May 17, 2001. Prior to the annual meeting, Mr. Goldstein
suggested that The First Years' board of directors, which, in 1998, had
authorized a discretionary stock repurchase program, consider a more aggressive
approach, such as a cash self tender offer for a portion of our outstanding
shares of common stock. Because the board had believed for a while that The
First Years' stock was undervalued, it considered alternative measures,
including the possibility of a self tender offer, that would make available a
portion of our cash resources to our shareholders. The board engaged A.G.
Edwards & Sons, Inc. to act as financial advisor with respect to a potential
self-tender or other share repurchase transaction. Over the course of several
months, A.G. Edwards presented and summarized its analyses and proposed a share
repurchase plan that it believed best fulfilled The First Years' objectives.
After comprehensive review and consideration of A.G. Edwards' analyses, the
board approved this cash tender offer as recommended by A.G. Edwards, believing
that it is consistent with The First Years' corporate strategy of seeking to
increase shareholder value, and that it is an attractive time to make this
offer, given The First Years' financial condition and outlook and in light of
current market conditions.