This rare and wonderful doll is Talking Terri Lee, made by Mar-Fan, Inc. between 1960 and 1962. This was during the period after the Terri Lee Company had gone out of business, when they leased their molds to other companies to produce.
Talking Terri Lee is 16" tall and made of vinyl. She looks very similar to other vintage Terri Lees, but she has an important difference. She has a speaker in her head, into which a record player was plugged through a jack on the back of her head. The dolls, records, and especially the record player are very hard to find today. If you have a Talking Terri Lee doll, you can input any device into the jack with the right size audio plug.
Photos courtesy of Ed Hudson.