If you are familiar with it, it's in the old Ariel meet and greet area.
Keep in mind that the hours vary daily - make sure you check with the folks at the entrance. Also, if Tinker Bell has to do the parade, she will not be there - only the other Fairies. Those girls are definitely worth the visit, even if Tink isn't around. Our daughters have been completely charmed by visiting with Rosetta, Iridessa, and Silvermist! (Fawn hasn't been there the times we've gone.)