The Little Red Hen, A Traditional Folktale, pictures by J. P. Miller, Little Golden Books, 1954 (and 1982).
This was the first Little Golden Book I bought for my now five-year-old son. One of the reasons I bought it because I remembered using it for a story time at the library. Of all the versions of The Little Red Hen, this one really shows how much work the hen did between the finding of the grain of wheat and the eating of the bread. Even my son understands the injustice of the hen doing all the work, and the other animals expecting to eat the bread.
The other reason I bought it was for the delightfully timeless illustrations.