Five Children and It is a children's novel by English author E. Nesbit. It was originally published in 1902 in the Strand Magazine under the general title The Psammead, or the Gifts, with a segment appearing each month from April to December. The stories were then expanded into a novel which was published the same year. It is the first volume of a trilogy that includes The Phoenix and the Carpet (1904) and The Story of the Amulet (1906). The book has never been out of print since its initial publication.