It's an interesting item -- a sheet of Disney stationery. Not animation art, but an interesting piece to have in the collection. What I thought was a little odd was the printing at the bottom of the page "Walt Disney Enterprises Successor to Walt Disney Productions, Ltd..."
Disney "Snow White" Stationary
----- DATABASE NOTES -----
ONE PAGE OF EARLY DISNEY STATIONERY, late 1930s, the page depicts Snow White on the upper left with the heads of each dwarf running across the top of the page, on the lower right is the wicked witch, printed Walt Disney Enterprises Successor to Walt Disney Productions, Ltd. 2719 Hyperion, Hollywood, Cal. CONDITION: in excellent condition without any tears or discoloration. [Size 11 x 8 1/2 inches] Acquired 2003. SeqID-0958