If you want that old-fashioned holiday feeling of spending Christmas in your grandparents' house while they pull out some of their favorite Yuletide LPs and play them on a well-worn phonograph (that's for records, kids), THE TIME-LIFE TREASURY OF CHRISTMAS is here to help. This two-disc collection is based around well known Christmas recordings by some of the biggest crooners of the pre-rock era. The original smoothie Bing Crosby's "White Christmas" is as unassailable as it is ubiquitous. Ella Fitzgerald sounds just as transcendent singing "Jingle Bells" as she did on any other tune she ever tackled. Even when Elvis Presley pops up, rock & roll is eschewed in favor of the lovelorn Christmas anthem "Blue Christmas."