I use all teddy bears, but 5 different colors. I try not to put names that begin with the same letter on the same color (i.e., I'd put "Chris" on blue and "Casey" on yellow. The teddy bears match the bears over their back pack hooks....
I have hooks for back packs in my room (no cubbies

) . Over each hook I velcro a teddy bear with a child's name on it. When they come in each morning they move their teddy bear to a chart that tells us "Who is here today?" The during morning line time (circle time) we use the teddy bears to talk about who is here and who is not, the colors of the teddy bears of the people who are not here, and the names of the people who are not here. Pretty soon the children recognize each others' names as well as their own.