an embodiment of the wagon of the present invention is indicated in general at 10 in fig1 and 2 . the wagon features a body , indicated in general at 12 , that is preferably molded from high density polyethylene plastic so as to be inexpensive to manufacture and smoothly safe for a child . the wagon body features an opposing pair of side walls 14 a and 14 b as well as an opposing pair of front and rear walls 16 a and 16 b . the front , rear and side walls form the periphery of the wagon body so that a passenger space 22 is defined therebetween . the side walls may be molded with lowered portions 24 a and 24 b to permit ease of entry and exit by a child to and from the passenger space 22 . a pair of rear wheels 26 a and 26 b are attached to one another and the bottom of the back portion of the wagon body by a steel axle ( not shown ). a front pair of wheels 28 a and 28 b are attached to the front portion of the wagon body by metal members 30 a and 30 b so that a caster arrangement is formed . as a result , the front wheels turn independently of one another but in the same direction when the wagon is pulled on a surface so that the wagon may be steered . a handle 32 , preferably also molded from high density polyethylene plastic , is pivotally attached to the front wall 16 a of the wagon body by a metal rod 34 , illustrated in phantom in fig2 . the handle 32 is received by a handle bracket 36 molded onto the front wall 16 a of the wagon body . the handle bracket is indicated in general at 36 in fig3 . the bottom portion of the handle is also indicated in general at 32 in fig3 . the handle bracket 36 features a spaced pair of arms 42 a and 42 b that are joined by an arcuate locking surface 44 ( see also fig4 a and 4b ). channels 46 a and 46 b and molded in each arm 42 a and 42 b . as illustrated in fig3 the lower portion of the handle is configured as a cylindrical portion 52 . a pair of bosses 54 are formed on opposing ends of the cylindrical portion 52 of the handle and are sized to be received in the channels 46 a and 46 b of the handle bracket arms 42 a and 42 b . a rod opening 56 is formed through the bosses 54 . corresponding rod openings are also formed in channels 46 a and 46 b . the handle 32 is pivotally joined to the wagon by inserting the handle bosses 54 into the handle bracket channels 46 a and 46 b so that the handle rod opening 56 is aligned with the openings in arms 42 a and 42 b . the metal rod 34 is then inserted through the aligned openings as illustrated in fig2 . end caps 58 a and 58 b are then placed over the ends of the metal rod . as described in commonly owned u . s . patent application ser . no . 6 , 499 , 750 to michelau , the bosses 54 of the handle and the channels 46 a and 46 b of the handle bracket prevent the metal rod from tearing into the openings formed therethrough . as illustrated at 62 in fig3 a ridge is formed on the cylindrical portion 52 of the handle . the ridge features an arcuate cross - section . the interaction between the arcuate locking surface 44 of the handle bracket and the ridge 62 of the handle provides the wagon of the present invention with a locking handle feature . more specifically , as illustrated in fig4 a and 4b , the size of ridge 62 is slightly larger than the gap 63 between the arcuate locking surface 44 and the cylindrical portion 52 of the handle 32 . as a result , the handle 32 is retained or “ locked ” in the upright position illustrated in fig1 and 2 when the ridge 62 is in the locked position illustrated in fig4 a . the handle in the upright position corresponding to fig4 a is also illustrated at 32 a in fig5 . when in the position 32 a illustrated in fig5 and in the position illustrated in fig4 a , the handle is free to move slightly through the shaded area 64 and may be conveniently accessed and grasped by an individual while standing . when it is desired to pull the wagon , the handle is lowered by the individual to the position illustrated at 32 b in fig5 . the ridge 62 and arcuate surface 44 of fig4 a and 4b are both slightly compressed as the ridge 62 travels through the gap 63 between the cylindrical portion 52 and the arcuate locking surface 44 while the handle travels through the arc illustrated by arrow 66 in fig5 . as a result , the position 32 b of the handle in fig5 corresponds to the unlocked position illustrated in fig4 b . once the handle is unlocked ( fig4 b ), it may be pivoted in the direction of arrow 72 in fig5 into the storage configuration illustrated in fig6 . a cut out , indicated at 74 in fig3 is formed in the bottom of the wagon and receives the handle 32 when the wagon is configured as in fig6 . when so configured , the wagon may be easily stowed , loaded into a vehicle ( such as the trunk of a car ) or otherwise lifted and handled . as illustrated in fig5 a storage compartment 80 is molded into the bottom portion 81 of the wagon body 12 . the storage compartment is open to the top . horizontal seating areas 82 a and 82 b are positioned fore and aft of the storage compartment . seat pin holes 84 a and 84 b are formed in sides walls 14 a and 14 b of the wagon as are seatback closed locking holes 86 a and 86 b . a pair of seatbacks , illustrated at 92 a and 92 b in fig1 and 7 , are pivotally connected to the wagon body . more specifically , the bottom edges 93 a and 93 b of the seatbacks are provided with pins , illustrated in phantom at 94 a , 94 b , 96 a and 96 b in fig7 that engage the seat pin holes 84 a and 84 b of the wagon body . as a result , the seatbacks may pivot between the “ open ” position illustrated in fig1 and the “ closed ” position illustrated in fig2 and 7 . when the seatbacks are in the open position illustrated in fig1 passengers may sit on the seating areas 82 a and 82 b in fig5 and place their legs and feet in the storage area 80 . as a result , the storage area 80 becomes a foot well when the seats are in the open position . when the seatbacks are in the closed position , as illustrated in fig7 the seatbacks become covers for seating areas 82 a and 82 b and storage space 80 so that cargo stored in the latter may be covered . the passenger space 22 is also provided with a flat floor via the folded seatbacks 92 a and 92 b so additional cargo may be carried therein . the seatbacks are locked in the closed position via rounded nubs , illustrated in phantom at 102 a , 102 b , 104 a and 104 b in fig7 that engage the seatback closed locking holes 86 a and 86 b of fig5 . when the seatbacks are in the open position , the rounded nubs engage the seatback open locking holes 105 a and 105 b of fig5 . arm rests 106 a , 106 b , 108 a and 108 b are molded into the wagon body and fit flush with the backs 110 a and 110 b of the seatbacks 92 a and 92 b when they are folded into the closed position . cup holders 112 and 114 may be molded into the arm rests . it should be noted that the handle locking feature described above with reference to fig3 - 5 could be incorporated into a plastic wagon having a front bolster , such as the wagon illustrated by commonly owned u . s . design patent no . d458 , 648 to chiappetta et al . while the preferred embodiments of the invention have been shown and described , it will be apparent to those skilled in the art that changes and modifications may be made therein without departing from the spirit of the invention , the scope of which is defined by the appended claims .