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Hello, you are looking at trolls dolls by Applause.
The set was produced in 1991 and is called Upsey-Daisy. It includes one troll called Sparkle and another troll called Twinkle.The dolls measure approximately 2 1/2" in their sitting position.They both have orange hair. One is dressed in pink and the other in purple. The package also comes with "magic stardust & magic bag". Drop the magic bag in water and a magic twin charm appears. There is a bracelet included to attach the magic charm. The packaging does show some wear. There are various nicks and creases on the cardboard, and the blister pack is lifting from the card near the bottom. The contents are mint and have never been removed.
Thank you, and please feel free to ask any questions!