ROCKY IV ERASER SET

Made in 1985 by Winston Toys, this fantastic 'play set' is actually a pencil sharpener and eraser set.

The series includes a Rocky Balboa eraser figure, an Ivan Drago eraser and a plastic boxing ring which doubles as a pencil sharpener.  (See photo below)  It is believed that this is the only 'action figure' ever created in the likeness of Dolph Lundgren's Drago.

Winston Toys actually created a line of Rocky-themed toys for children in the mid-1980s.