All these years later I was wishing such a book still existed. I'd check the bookstores, but all the children's Bibles are either lots of text with few pictures or lots of pictures with few text or just rhyming text or quotes. The Read 'n Grow Bible had full stories broken out into small areas of text under each picture, the pictures were laid out like a comic strip, perfect for young children.
On a recent visit back to my hometown I asked my parents about the book and my mom dug it out, they still use is when teaching a Sunday School class at their church, so I knew if I wanted one for my daughter I'd need to locate a used copy online. I did a quick search when I got home and was delighted to find the Bible had been reprinted and was still available for a very reasonable price.
It arrived earlier this week and I've already started using it as part of story-time with my daughter. I am very happy with this find.