Walt Disney's production of Ferdinand the Bull Cut-outs which was based on "The Story of Ferdinand" by Munro Leaf and Robert Lawson. Published by Whitman Publishing Co., Racine, WI in 1938. This is a first edition Ferdinand cut-out book that is unused, unpunched and in near fine condition. Elephant folio measuring 16 1/4" x 10" and is #925 in the Whitman series. Black cloth backed stiff cardboard front and rear covers with corner tip and edge wear and toning to outer margins of rear cover. However, colors bright, vibrant and wraps clean. Four back cover punch-outs fully intact and black cloth spine covering in excellent condition. Internally there are 3 very clean stiff cardboard pages with 16 punch-outs along with the additional 4 punch-outs at rear on the back cover. This is a difficult to find punch-out book, especially in this condition. There are no loose, torn or missing pages, all punch-outs fully intact and the binding is tight.