Danny Kaye, Louis Armstrong
"The Five Pennies" Original Sountrack (LP)

This sounds exactly like it should - a lush hollywood string/big band soundtrack to a primetime Danny Kaye film.
A semi-biographical movie about bandleader Red Nichols, Kaye plays the cornet-playing namesake.

I couldn't find the exact image online - the vinyl copy I have is a stereo pressing on the Dot label.