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The film opens with Spencer Tracy, as "Stanley Banks" addressing the audience, then relating events of the previous year. Tracy's voice is heard frequently throughout the film, offering a running commentary. A CBCS list includes Frank Faylen in the cast as a policeman, but he was not in the released film. Vincent Minnelli directed the film while on a break from his work on An American in Paris while preparations were under way for the extensive "American in Paris Ballet" sequence of that film. Following completion of Father's Little Dividend, Minnelli returned to complete An American in Paris.
Father's Little Dividend was a sequel to the popular 1950 M-G-M release, Father of the Bride (see AFI Catalog of Feature Films, 1941-50). Cast members portraying the Banks and the Dunstan familes were the same in both films. Marietta Canty, who portrayed the Banks family maid "Delilah," and Paul Harvey as "Reverend Galsworthy" reprised their roles in the sequel, as did Janet Fay, Wendy Waldron and Erin Selwyn, who appeared as "bridesmaids" in the first film and were seen as baby shower guests in the sequel. Reviews highly praised the film as a worthy successor to the original. For information on other films and television programs featuring the characters created by Edward Streeter, see entry for Father of the Bride.