Yes, the 1957 261 was supposedly yellow.

Here is a yellow 1955-1st 261.
Here is another photo of that same yellow 1955-1st 261.

Those photos were provided by the late WD Foster. WD stated that he was certain that it was original paint - I'd believe such an assurance from very few people, Warren was one such person.

Last edited by tclederman; 03/15/2012 10:15 PM. Reason: corrected the date