When Jake’s plan for taking over Cory failed, he brought forth allegations that Mac blackmailed Carl and Ian’s fathers for the areas of rainforest they owned to begin Cory. Carl and Rachel teamed up to prove that his accusations were false. Rachel resigned from Cory Publishing and went to New York. Carl followed her, she realized this and went to stay at the apartment above Loretta’s beauty parlor. Rachel was furious he had come to find her .
In December, as Carl and Rachel grew closer, Rachel told him the only wish she had was for Mac’s name to be cleared, Carl was upset by that, but he promised to help her do that. Rachel was mugged near Loretta’s shop, she was released from the hospital and Carl took her to his hotel suite. He took her on a tour of New York City. On New Year’s Eve they shared their first kiss at midnight.
Carl offered to set up an Art show for Rachel. She and Carl kissed just as Jake and Paulina almost found them together. They slipped into his hotel room and almost slept together. Loretta’s shop, where Carl confessed to Loretta he was falling in love with Rachel, she overheard his revelation.
In February, Carl proposed to Rachel, and he gave her the letter of Mac’s he had saved, which told them that Mac had bought the land legally from Carl’s father, and that Mac gave it back to the people of San Cristabol. Rachel found Carl trying to board a cruise ship, and she admitted her feelings for him. They attended the Winter Masquerade ball together, which stunned the others. After they returned to the hotel, they made love for the first time.
Rachel finally told him she had feelings for him. He told her he didn’t think she was ready to be with him and she got angry, but later explained to Felicia, she’s falling in love with him too, but she can’t let go of Mac’s love for her. Carl began to consider proposing to her. Rachel announced to Cory Publishing she was making Carl CEO.
Carl finally proposed to her in April, 1994, which a vindictive Iris ruined in her scheme to keep them apart. Rachel thought about his proposal. They both began considering their future together. Iris thought Carl stole a drug to help Paulina and then ran off, Rachel helped him prove he hadn’t stole it when he returned,. After that was cleared away, Carl and Rachel told the Cory family they were engaged. They began to plan their wedding for June, Carl felt Rachel was in danger and asked Loretta to watch her back. Carl saved Rachel from a falling sculpture, while they were on a roof top.
Carl received more death threats, so he changed his will, giving Rachel his Cory stock, she did the same for him. They prepared for their wedding and Carl gave Rachel a gun to protect her. Jake discovered Iris was behind the threats on Carl, it was too late. Their wedding began and Carl was shot and injured. He survived the bullet and while he was in a coma, Ryan called him “Father” ,which surprised and delighted Rachel.
Carl woke up from his coma with amnesia. Rachel decided to try and get Carl to fall for her again. Rachel couldn’t get him to remember after providing him with the things he loved. He later regained his memory and told Rachel and her family that it was Iris who had shot him. Rachel discussed with him about playing the amnesia until Iris was caught.
In August, they eloped, the ceremony took place, with their families. Carl cut their honeymoon short, because of Evan’s manipulations and he finally gave in to Rachel, and felt it was better to tell her everything about his dealings. Rachel left to New York to try and help Carl out of his situation with Evan. Rachel researched Evan’s past and learned of his evil history.
In 1995, Grant was “shot”, briefly Rachel and Carl became suspects. Rachel demanded Carl tell her about Justine. Justine spied on Carl and Rachel together. Justine began investigating their relationship. Spencer tried to explain to Carl and Ryan, Justine was trying to kill him. Carl returned from a trip to NY to find the mansion broken into, he was hit over the head and knocked out, Justine kidnapped Rachel and switched places and identities with her.
Justine had Rachel flown to the sanitarium where Justine had been treated and left Rachel drugged and restrained. Justine ordered Rachel to be killed. Ryan began covering for Carl as he searched for Justine and Rachel. Rachel was confused when the nurses and doctors called her “La Comtesse”. Rachel tried to get to a computer to relay a message through to Carl, to save her.
Carl discovered Rachel was being held in a Swiss Sanitarium, from her computer message. Carl snuck into the institution by acting as if he had mental condition.
Carl saved Rachel and they escaped. Rachel was hidden at BCUH and Carl went back Justine so he could have her arrested. Justine escaped and he and Ryan were onto her trail. Rachel followed Justine to the train tracks where she was trying to leave Bay City with Kirkland. Ryan arrived at the train trestle, Justine shoved Rachel off the trestle and Grant shot Ryan..
Justine was “dead”, but Rachel felt that Carl still couldn’t get Justine out of his mind. Ryan died and Carl began his obsession to have Grant locked up for his murder, Rachel tried to everything she could to console him. Rachel suffered local amnesia and she couldn’t remember who shot Ryan, which angered Carl and he demanded she remember. Justine returned from her hideout in Canada, and threatened Carl and Rachel once again.
Justine planted a bomb in Stephen’s truck and planned to blow it up at the hospital gala, she didn’t succeed. She proceeded to go to the Cory mansion, and provoke Rachel and Carl, by telling Rachel about how she seduced Carl, and that he hadn’t noticed she wasn’t Rachel. Justine knocked Carl unconscious, and attempted to kill Rachel. Carl woke up and stabbed her to death.
1996, Ryan’s death finally consumed Carl and he was arrested while at Ryan’s grave because he trespassed, and resisted arrest. Rachel was terrified he had taken his obsession so far, and had him hospitalized. Rachel finally remembered and told the police it was Grant who had murdered Ryan.
Carl worked with Vicky to try and get Grant to confess to killing Ryan, and he lied to Rachel about what he was doing. Rachel told Carl he must tell her about what he had done and not to keep secrets about Justine, and she also wanted to help him get over his obsession with Grant.
Bobby met Rachel and Carl, and they discover he was given Ryan’s corneas. Rachel advised Bobby that Carl may use him as a replacement for Ryan. Grant came to the Cory mansion and worked to convince Rachel, that Carl tried to kill him. Rachel couldn’t believe that he had done that but he later apologized and they made love. Carl and Grant almost killed each other on the train trestles. Steven tried and stop them and almost got killed himself, by an oncoming train. Ryan’s spirit saved him. Rachel kicked Carl out of the house, for not giving up on Grant, and endangering Steven.
They spent Thanksgiving and Christmas separately. Rachel started experiencing dizziness, she denied it when Felicia noticed I, but she did admit to being fatigued to Paulina. Rachel and Carl briefly saw each other during the New Years celebrations.
In January, Rachel fainted while at a dinner party at Carlino’s, her family takes her to the hospital and she tells Dr. Hudson, Amanda and Paulina she thinks it could be menopause. A few days later Rachel fainted in Matt’s arms, Carl followed them to the hospital, where she learnt she was pregnant. She was stunned and had a hard time admitting that it was true. She had John promise not to tell Carl or anyone about the baby. Rachel baby-sat Dante and began to get more comfortable with the idea of being a Mom again. Later Alli tells her she believes that “babies come from love”. At a meeting regarding Cory Publishing, her kids force her into the position of CEO after discovering she doesn’t want Carl to lead Cory for the time being. Amanda confronted Rachel about being pregnant after she snooped through her purse and found pre-natal vitamins.
Rachel left on a trip to New York to talk to Loretta to try and figure out what would be best for her, Carl and their baby. She admitted to a thrilled Loretta she’s pregnant, and said she was terrified, but she believed that it was a “miracle”. Carl had a dream where Ryan convinced him Rachel would need him. Ryan left as Rachel felt the baby move for the first time. Rachel called Carl, so they could meet. They ended up at the mansion and Rachel told Carl she was pregnant, he was overjoyed that he was going to be a Dad. Rachel was forced to tell him that she had kept it from him for over a month. Carl took off to Key West. Rachel left to find him, but he believed she wanted a divorce. She apologized and they spent a romantic evening discussing their future together with their new baby.
Felicia visited Rachel and found out about the baby, she took Rachel to the hospital to wait for Carl for her appointment. Felicia left, and Carl and Rachel listened to their baby’s heartbeat and the couple were told the baby was healthy.
Grant finally realized it was Carl who drugged him and was Justine, so he went and stole the antidote during a romantic evening Carl had set up for Rachel. Grant wanted pay back and slipped him some, which sent Carl to the hospital and ruined their plans. Commissioner Raines(who was being tracked down for Gabe’s murder) took Rachel and Paulina as hostage as Carl watched on helplessly. They were released and Rachel was hospitalized. Carl and Rachel learned she had a tumor, which may cost her, her life and or the baby’s unless she terminated the pregnancy. They were devastated and couldn’t come to a conclusion on how to handle the news. They also learned that their baby was a boy.
Despite Carl and her family’s views, after a talk with Felicia and Paulina, Rachel decided she was going to fight and keep the baby. Carl’s frustrations with Amanda led to an argument which sent Rachel to the hospital and surgery. John told Carl they had discovered Rachel is having twins. Carl told Rachel they were having twins and they were both elated.
She was released and Carl went to New Orleans to get Shane/Bobby out of prison. Rachel followed them to Key West, where she fell, which made her go into labor. Shane had to deliver Elizabeth, and Cory in an emergency C-section. They returned to Bay City a few days later and learned Rachel’s tumor had been benign. By July, both of the babies were home, and Carl and Rachel planned and had their Christening. Carl and Rachel began their lives with their new family.
As fall, came around Matthew, Amanda and their new found friend, and Carl’s old enemy began plotting to break them up. They created Hadley Prescott a.k.a. Amanda, to be Carl’s supposed Mistress. They fabricated and scattered fake evidence, which tested Rachel’s belief in Carl. Rachel tried to learn who was telling the truth as the “evidence” started piling up. Carl convinced her it was a lie, and he would never do that to her.
Nikos decided to take his plot further by kidnapping and trying to kill Rachel in a church demolition. Carl went in to save her, the church exploded and he was told she died. He was hospitalized, and heart broken. Nikos finally returned Rachel to a shocked and delighted Carl. Rachel clued in to the fact Amanda had been playing Hadley. They were safe, and spent the holidays together with the babies.
In the New Year, Carl planned a trap for Nikos, with the help of Rachel, Felicia and Cass. The trap was set until Matt, intervened and made Carl become Nikos hostage, in exchange for not killing Matt. Nikos kidnapped Carl onto his jet, which exploded. Rachel believed he was dead, and isolated herself with his sculpture until she found out he was alive. Nikos and Carl survived, Nikos came back to Bay City, trying to switch identities with Carl. Nikos finally met his demise when Rachel killed him in order to save Carl’s life.
Carl finally learned Rachel’s secret that Amanda had been Hadley, he was hurt she kept it from him and left her for a few weeks. When he returned more problems arose when Chris Chapin(Nancy’s boyfriend from the 80’s) turned up dead, in an apparent suicide. Amanda and Matt believed Carl was responsible for his death somehow, Rachel stuck by him. Rachel started noticing Carl’s obsession with Mac Cory was building. She tried to get him help, but the Doctor who she enlisted was killed. Rachel and Carl planned on leaving Bay City to get away from their problems there. The night before they left, Carl saved Rachel from a hitman trying to kill her, by taking the bullet. Rachel believes Carl was killed in an explosion in BCUH ICU wing.