This is one of two US #1 hits whose lyrics begin with the words "I Love You." The other: "Please Don't Go" by KC & The Sunshine Band.
This was the last US #1 hit before the Beatles took over the charts. When this dropped off, The Beatles came on for 14 weeks, with "I Want To Hold Your Hand" (7 weeks), "She Loves You" (2 weeks), and "Can't Buy Me Love" (5 weeks).
A #1 hit for Vaughn Monroe in 1945, but the first time it was recorded and released was in 1941 by the Benny Carter Orchestra.
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