I found this pattern in a book called Knit on Down. I found it at JoAnns and bought it because they were having a sale and it had a few patterns in my daughters size. So this had top down construction. The sizing was off though and I had to do some adjusting...my gauge was perfect.
Book here: http://www.amazon.com/Knit-Down-Multiple/dp/1592172113/ref=sr_1_1?ie=UTF8&s=books&qid=1251428606&sr=1-1
The yarn is Valley Yarns Superwash from Webs. Color periwinkle.
More pics here:http://www.ravelry.com/projects/newamy/ruby-layer