my parents have this really old art book by ... something Dean... i can't remember and i can't find it either. bleh... enywho. has these elephant things in them that are red and have bat wings like yours. they were supposed to be like vampirelephants or something. 'twas cool. the guy did a number of album covers for the band "Yes". you might find some of his stuff by looking them up. also has some really nice land dragon type things and some unbelievable lanscapes. floating space island type things. love his art.
Also, oddly enough, I just heard a song that went, "Say 'Buzz, buzz,' just like the wasp that stings; Bogeyman will think you are an elephant with wings." Kinda funny how things work out like that, huh?