I never heard that version , I always sang (obviously now wrongly to my kids and grands)
Lullaby and Goodnight
with roses Bedight, with lillies bedecked is babies wee bed, sleep now my baby, sleep now my child,
Wake with the morning light , so tender and mild.

Lullaby and goodnight,
with roses bedight with lillies bedecked is babies wee bed,
slee now my baby sleep now my babe
Wake with the morning light
so Tender and mild


I would aslways change the second verse though, to either daughter or son.
my 10 year old still asks for it and trust me I give it anytime he asks! Next week he will be married and have his own kids!! I know this because yesterday his sisters were little more than 3!(even if they do have 2 kids each and hubbies )