I must have been around 9 or 10 years old. My memory is all fuzzy over this, and I have never, ever seen any reference to this movie except for here. So I have decided to take a trip down memory lane, with the other 2 people who might also someday remember about this story.
First of all. I do remember this was a big deal in Mexico, since it was either the first animated motion picture to come out of Silvia Roche's (of "Odisea Burbujas" fame - who can forget!) mind. The usual media blitz now associated with a Disney release (although at a lesser scale, of course) was implemented here, too! I remember I had a Katy the Caterpillar glow-in-the-dark figurine, and there were books, toys, etc.
Funny thing is, why would a mexican cartoon had all the text in the movie in english? I clearly remember when Katy goes to a club, the banner reads "Cheese-o-theque", and the character read "Ques-o-teca". Pretty weird. I guess mexican kids were always second-rate to the producers.
Anyway, what was the story about? Simple. A caterpillar who thought she was too chubby and ugly, so she leaves home in search of adventures. Along the way, somehow, she morphs into a rather cute butterfly.
I would watch this one over again, but just because of the memories it brings back. If I remember correctly, the animation was terrible, the drawings were pretty bad, and everything was in english.
Still, I rate it a 7 because if I ever can watch it again, it will be the best trip down memory lane I could ever have.