Abstract: A walker and rocking horse includes a base member consisting of two base rods, two pairs of joint sleeves movably fitting around two abutting ends of the two base rods and able to be connected with or disconnected from each other, two parallel supporting rods fixed between a front and a rear side of the base member and having two ends fixed with a position block, and a plurality of position switches combined on the two base rods The position blocks respectively have two position holes located in an angle condition for the position switches to selectably engage either of the two position holes to transform the walker and rocking horse into a walker or a rocking horse for separate use.