Yes, it has the AC and car adapters included.
The best part of this whole deal is my Target receipt where it says I can return this item prior to 3/10/2001 - or 90 days from when I purchased it. Prior to that date, my player is going back. Mine is experiencing the "pause" issue that has been reported. About every 20 minutes, a gap will appear in my music when the machine pauses for a few seconds. Also, as I mentioned above, the construction of this device is really, really cheap - when compared to my Aiwa CD player.
With so many other possibilities hitting the street shortly, please pass on this device - something better will be released.