I admit I'm stumped with this one. The inset photo reminds me of a scene in Frankenstein 1970, but the rather wild, contemporary-ish, illustration doesn't quite click with any movie I can think of that remotely matches the title. With the little Frankie in the bottom left corner, I'm also thinking Amicus' Asylum, especially with the "color" mention. What do you think?
Update! Many thanks to Eustáquio Nardini for naming the movie, Frankenstein on Campus (aka Flick, 1970). IMDb's rating is pretty low for this Canadian entry. One user review states "A largely forgotten little Canadian film, and definitely a product of its era, FLICK/DR. FRANKENSTEIN ON CAMPUS is a 'turned-on' sexploitation/horror/counterculture oddity which is often referred to as "one of the worst ever" by people who most likely haven't seen it. Truth is, it's not nearly as bad as legend illustrates, but it does have a frustrating self-composure uncommon to the praxis of sex-infused horror cinema, and therefor comes off feeling somewhat like a chaperoned date."
Well, I'll bite. It is on YouTube so I will take a look. You never know. At least the lobby card is colorful. Thanks again, Eustáquio.
The film is “Flick” from 1970 with Austin Ward in the role of Viktor Frankenstein , also known as “Frankenstein on campus”
Awesome! Thank you for the information.