Abstract: A reconfigurable toy simulates a school bus when assembled in a first configuration. In a second configuration the constituent components of the toy bus may be selectively arranged to simulate a schoolroom enclosure having figurines and simulated school desks positioned therewithin. The components of the toy include a vehicle chassis, on which side wall panels and roof panels are supported. The side wall panels and roof panels may be placed on edge on a flat floor surface to simulate the walls of a schoolroom. Rounded projections formed on upper edges of the side wall panels cooperate with recesses formed in the roof panels thereby serving to facilitate ready alignment of the roof panels on the side wall panels when the toy is assembled in the school bus configuration.