The film, based on an ancient English poem, uses actors as the basis for animation. It sold $28.1m (£13.7m) of tickets during its first three days.
Jerry Seinfeld's animated Bee Movie slipped one place to number two with $14.3m (£7m).
American Gangster, starring Denzel Washington and Russell Crowe, also fell down the chart to third place - taking $13.2m (£6.4m).Christmas comedy Fred Claus, featuring Wedding Crashers actor Vince Vaughn as Santa's older brother, took $12m (£5.8m) in its second weekend, earning the number four spot.
Fantasy drama Mr. Magorium's Wonder Emporium, starring Dustin Hoffman as a toy impresario, entered the chart at number five with $10m (£4.9m).
Sixth was Steve Carrell's comedy Dan in Real Life, which took $4.5m (£2.2m), while thriller No Country For Old Men was a new entry at seven with $3.1m (£1.5m) despite a limited release.
Finishing off the top 10 were Lions for Lambs with $2.9m (£1.4m), horror film Saw IV with $2.3m (£1.1m), and literary adaptation Love In The Time Of Cholera with $1.9m (£936,000).
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