At the End of the Rainbow by A H Benjamin and John Bendall-Brunello, paperback picture book, published by Little Tiger Press in 2004.
Badger and Fox see a rainbow in the sky and try to follow it to find the treasure at the end of the rainbow. Along the way they meet some animals, all with a different idea as to what constitutes treasure, and it isn’t gold or jewels. Badger and Fox discover that friendship is a far greater treasure than any material goods could ever be.
This gentle story about friendship and what is really important in life is a very nice picture book for sharing with young children from preschool age. I particularly like Old Hare with his half-spectacles, and his wisdom. Both my children like this book, and it has been read many times in our house. When my eldest daughter was three she even took this book to playschool to show for news because she liked it so much. She said it makes her feel happy.