I had posted this some time ago, but I'm regrouping it with the current focus on Fantasia items. I didn't have much information about the card at the time of the first posting, but there were a number of great comments that helped add some additional detail to my files.
The person on the left is Leopold Stokowski and on the far right is Robert Benchly. One comment (DisneyDave) suggested that the card may have been created by Hank Porter (an animator that was moved to the Publicity and Merchandise Art Department). [Note: I received a comment from David saying that the card was definitely done by Porter.]
Disney Studio Christmas Card (click to enlarge)
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1940 Disney Studio Christmas Card, which celebrated “Fantasia.” The card folds out four times it’s length. Near Mint condition. The figure on the left is Leopold Stokowski and on the far right is Robert Benchly. The card may have been created by Hank Porter. Porter was an animator that was transferred to the Publicity and Merchandise Art Department. [27.5W x 6H] Acquired 2004. SeqID-1149 5/12/2008