the approximate center of each of the respective panels the pairs of parallel slits thus define tabs 24 and 26 underwhich the ribbon is captively held as best seen in fig3 preventing the ribbon from slipping off of the package sheet 12 forming the package is folded along lines 15 and 16 in a conventional manner either manually or by a suitable mechanized process in the preferred embodiment where cards and envelopes having a general dimension of 4 25 by 5 50 inches the overall sheet size was 9 25 inches long and had a width of 6 inches thus providing sufficient overlap along the edges of the cards to provide protection therefor the resultant panels 11 and 13 each had a width of 6 inches and a length of approximately 4 50 inches with the depth of section 14 being approximately 0 50 inches ribbon 20 is slid under tabs 24 and 26 prior to the tying of bow 22 which can be done with the cards in place or the cards can be slid in from either of the package ends once the bow is tied the bow can be slid to a position adjacent slot 23 to at least partially conceal tab 24 the bow is shown in a somewhat displaced position in the.