Watch images via Rich Uncle's Attic.
Original packaging. Item no. 80211.
Image via barbwhyr40.
The watch was featured in the 1994 Holiday Disney Catalog (p.13)...
Disney Catalog scan courtesy of Dan Alexander Dizmentia.
A similar heart-shaped watch design was used with this Seven Dwarfs charm bracelet. For wrists up to 7.5". It has "Timex" and "WB" markings.
Bracelet images via angelinathatsme!