I found the pattern from One Skein Wonders by Judith Durant. I had to modify the pattern to make it toddler sized. I used size 5 circs, and cast on 12 stitches between markers instead of 14. I also knit 8 rows after the increase instead of 12, and knit between the decrease rows for 4 rows before I started decreasing on every row.
Now doesn't Addie look cute in her Rainbow Beret! It came out just like I wanted it too and I'm a happy Nana. Aiden on the other hand is not happy. He thinks this should be his hat and keeps trying to take it. I guess my next project will be a hat for him. I have some more spinning to do!