-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 BXfzRmtzk0fj27aX1FS5jJN6HfAIew05dPULFdWa1WlOUyPc2i2vvGxknA6/pV1U
 QcebSelooUua4SlWuLVZvQ==

<SEC-DOCUMENT>0000950134-03-015959.txt : 20031202
<SEC-HEADER>0000950134-03-015959.hdr.sgml : 20031202
<ACCEPTANCE-DATETIME>20031202145751
ACCESSION NUMBER:		0000950134-03-015959
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030228
FILED AS OF DATE:		20031202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EDUCATIONAL DEVELOPMENT CORP
		CENTRAL INDEX KEY:			0000031667
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190]
		IRS NUMBER:				730750007
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-04957
		FILM NUMBER:		031032395

	BUSINESS ADDRESS:	
		STREET 1:		10302 E 55TH PL #B
		CITY:			TULSA
		STATE:			OK
		ZIP:			74146
		BUSINESS PHONE:		9186224522

	MAIL ADDRESS:	
		STREET 1:		PO BOX 470663
		CITY:			TULSA
		STATE:			OK
		ZIP:			741460663

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TUTOR TAPES INTERNATIONAL CORP
		DATE OF NAME CHANGE:	19701030

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL TEACHING TAPES INC
		DATE OF NAME CHANGE:	19701030
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>d11014e11vk.txt
<DESCRIPTION>FORM 11-K
<TEXT>
<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 11-K

(Mark One)

[X]      ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
         OF 1934

         For the fiscal year ended February 28, 2003.

[ ]      TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
         ACT OF 1934

         For the transition period from ___________ to ____________.

                         Commission file number: 0-4957

A.       Full title of the plan and the address of the plan, if different from
         that of the issuer named below:

            Educational Development Corporation Employee 401(k) Plan
                              10302 East 55th Place
                              Tulsa Oklahoma 74146

B.       Name of issuer of the securities held pursuant to the plan and the
         address of its principal executive office:

                       Educational Development Corporation
                              10302 East 55th Place
                              Tulsa Oklahoma 74146
                                 (918) 622-4522


<PAGE>


                              REQUIRED INFORMATION

Item 4. Plan financial statements and schedules for the year ended February 28,
2003 have been prepared in accordance with the financial reporting requirements
of ERISA.

<Table>
<Caption>
                                                                                                       PAGE NUMBER
                                                                                                     IN THIS REPORT
                                                                                                     --------------
<S>                                                                                                  <C>
Statements of Net Assets Available for Benefits as of February 28, 2003
    and 2002                                                                                             F-1

Statement of Changes in Net Assets Available for Benefits for the year
    ended February 28, 2003                                                                              F-2
</Table>



                                    Signature

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the trustees have duly caused this annual report to be signed on their behalf by
the undersigned hereunto duly authorized.


                                        Educational Development Corporation
                                        Employee 401(k) Plan

                                        By: /s/ Randall W. White
                                        ------------------------
                                        Randall W. White, Trustee



<PAGE>


                       Educational Development Corporation
                              Employee 401(k) Plan

                 STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
                             AS OF FEBRUARY 28, 2003


<Table>
<Caption>
                                                          2003            2002
                                                     -------------   -------------
<S>                                                  <C>             <C>
INVESTMENTS
    Participant directed, at fair value -
        Employer common stock                        $   1,167,032   $     226,624
        Mutual funds                                       278,750         389,513
                                                     -------------   -------------

             Total investments                       $   1,445,782   $     616,137
                                                     =============   =============
</Table>




                                       F-1

<PAGE>


                       Educational Development Corporation
                              Employee 401(k) Plan

            STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
                      FOR THE YEAR ENDED FEBRUARY 28, 2003



<Table>
<S>                                                         <C>
Dividends                                                   $       5,054
                                                            -------------

Contributions by:
    Employees                                                     120,371
    Employer                                                       60,186
                                                            -------------

       Total contributions                                        180,557
                                                            -------------

          Total additions                                         185,611

Less:
    Distributions to former participants                           22,386
                                                            -------------

       Net increase before realized gains and losses              163,225

Net realized and unrealized investment gains and (losses)         667,861

Plan expenses                                                      (1,441)
                                                            -------------

     Net increase in net assets                                   829,645

Net assets available for benefits, beginning of year              616,137
                                                            -------------

Net assets available for benefits, end of year              $   1,445,782
                                                            =============
</Table>



                                       F-2


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
