The British Film Institute and Walt Disney animation studios have recovered a rare and long-lost animated film entitled Sleigh Bells.

The black and white silent film features Disney's first cartoon character, Oswald the Lucky Rabbit, ice skating across a frozen pond along with other cartoon animals. Oswald, who bears a resemblance to Mickey Mouse, is seen as a precursor to Disney's most famous creation.

According to the BFI, "Oswald the Lucky Rabbit was invented by Walt Disney in 1927 and was loved for his mischievous and rebellious personality. A number of other films do survive but Sleigh Bells has been, until now, a lost film, unseen since its original release. The animation in the film was accomplished by Walt Disney and Ub Iwerks, both of whom went on to create the character of Mickey Mouse."

The BFI and Disney have now taken the necessary steps to preserve and restore the rediscovered footage that gives insight into Disney's storied history.

"What a joyful treat to discover a long-lost Walt Disney film in the BFI National Archive and to be able to show Sleigh Bells to a whole new audience 87 years after it was made," said Robin Baker, Head Curator, BFI National Archive. "The restoration of this film will introduce many audiences to Disney's work in the silent period-it clearly demonstrates the vitality and imagination of his animation at a key point in his early career."

Andrew Millstein, President of Walt Disney Animation Studios, which oversaw the restoration, agreed, adding, "The Oswald shorts are an important part of our Studios' history, and we have been working with film archives and private collectors all around the world to research the missing titles."

An extract from Sleigh Bells can be viewed on BFI's website before its premiere in London on Dec. 12.