Gypsy Colt

Gypsy Colt is a 1954 Ansco Color film about an eponymous horse. The films basic plot was taken from "Lassie Come Home".
A 60-minute version of "Gypsy Colt" was made available in 1967 as part of the weekly TV anthology "Off to See the Wizard".
Plot.
A young girl, Meg (Donna Corcoran), is disheartened when her parents Frank (Ward Bond) and Em MacWade (Frances Dee) are forced to sell her favorite horse, Gypsy Colt, to a rancher. Gypsy Colt escapes several times, ultimately taking a 500-mile journey to return to his rightful owner.
Reception.
According to MGM records the movie earned $721,000 in the US and Canada and $704,000 elsewhere, making a profit of $259,000.