Alpha Critters were produced by Creative Innovators (plush) and Applause (miniatures) around 1986.
They were a set of 26 characters, each one a different letter of of the alphabet, designed by Lloyd Gilbert. They were sold as both plush toys and pvc miniatures.
There was also an educational animated cartoon made.
There only appears to have been one other item made, which was a flat bed sheet and pillowcase set.