Have you read the story of Paul and Maureen Beebe and their love of a pony named Phantom?

The book is "Misty of Chincoteague," and this Wednesday you can actually see the ponies swim from Assateague Island to Chincoteague in Virginia. Ponies have been making the swim since the 1920s. The day after the swim, the ponies are auctioned off.

You might remember how Paul and Maureen worked at odd jobs to save money to buy their own horse. Horse prices have gone up quite a bit since Marguerite Henry wrote the famous book in 1947. The average pony now sells for about $2,000. The money collected goes to the Chincoteague Volunteer Fire Department.

But even if you can't afford a horse of your own, the swim, carnival and auction are plenty of fun. The swim, which lasts about 15 minutes, takes place sometime between 7 and 11 a.m. After that you have a chance to win the first pony to come ashore. (Make sure a pony as a pet is cool by Mom and Dad.)

For more information on the pony swim, go to www.chincoteague.com/pony/ponies and scroll down to the 2004 schedule.