One of the country's most elite colleges lost a painting by a French artist that is probably worth millions.

Wellesley College hasn't seen the piece, "Woman and Child," by Cubist artist Fernand Leger, since 2007, school officials confessed Wednesday.

Wellesley's Davis Museum and Cultural Center “has not determined what happened to the painting or its current whereabouts” since it was returned from an Oklahoma art museum exhibit last year, college President H. Kim Bottomly told WCVB-TV in Boston.

Leger's paintings went for an average of $2.8 million last year.

“It's a tremendous loss for the college," Jacqueline Marie Musacchio, an associate professor of art, told the station.

The missing painting has been part of the Wellesley museum's art collection since 1954.

Officials haven't been able to find "Woman and Child" since it was stored in a crate last November during some renovation work at the cultural center. They aren't sure whether it was stolen or accidentally thrown out.

Two other paintings boxed with the lost Leger have been accounted for.

The Davis museum's insurance company is offering a $100,000 reward for the missing art.

Wellesley is a small, exclusive liberal arts college for women in the town of Wellesley, Mass., just west of Boston.

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