Pink Teddy Bear appears on Andy's desk during Woody's staff meeting nodding that he can hear them.
Trivia
Pink Teddy Bear is similar to Lots-o'-Huggin' Bear in design. This led some fans to believe that he was an early incarnation of Lotso from Toy Story 3, since he was already planned for Toy Story. And Lee Unkrich also says in the Blu-ray Combo Pack/DVD of Toy Story 2’s "Meet the Characters of Toy Story 3" that there is an early version of Lotso there, referring to Pink Teddy Bear.
Another pink teddy bear can also be seen in Al's Toy Barn in Toy Story 2, so this might have been where Ms. Davis bought Pink Teddy Bear for Molly.
