This is a 1996 Pleasant Company doll in the 1997 Limited Edition Town Faire Outfit. The outfit consists of the dress, an apron and a mob hat with a gold ribbon. The only Pleasant Company Felicity's with the small body tags were made in late 1995 and in 1996. No other year did Pleasant Company have tags. When Mattel bought Pleasant Company the neckstamps changed from Pleasant Girl to American Girl and they all got different sized body tags.
This doll has beautiful shiny darker red hair, the darker green eyes and painted, rather than stained eyebrows. The outfit was new and put on her for display. See my other listings for dolls in First Year Release outfits.