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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000891092-04-001589.txt : 20040408
<SEC-HEADER>0000891092-04-001589.hdr.sgml : 20040408
<ACCEPTANCE-DATETIME>20040408135946
ACCESSION NUMBER:		0000891092-04-001589
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040408
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20040408

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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-04957
		FILM NUMBER:		04724436

	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>8-K
<SEQUENCE>1
<FILENAME>e17431-8k.txt
<DESCRIPTION>FORM 8-K
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 8, 2004

                      EDUCATIONAL DEVELOPMENT CORPORATION
             (Exact name of registrant as specified in its charter)

                         Commission file number: 0-4957

           Delaware                                              73-0750007
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

                10302 East 55th Place, Tulsa, Oklahoma 74146-6515
              (Address of principal executive offices and Zip Code)

                                 (918) 622-4522
              (Registrant's telephone number, including area code)

<PAGE>

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

      (c)   EXHIBITS

                  99.1  Press release dated as of April 8, 2004

ITEM 9. REGULATION FD DISCLOSURE

      In  accordance  with General  Instruction  B.2. of Form 8-K, the following
information and the exhibits  referenced therein shall not be deemed "filed" for
purposes of Section 18 of the Securities  Exchange Act of 1934, as amended,  nor
shall it or they be deemed  incorporated  by  reference  in any filing under the
Securities Act of 1933, as amended.

      On April 8, 2004, Educational Development Corporation, announced via press
release  record annual  revenues and  increases  dividends by 20%. A copy of the
press release is attached hereto.

<PAGE>

                                   SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

      Educational Development Corporation

By:   /s/ Randall W. White
      --------------------------------------------
      Randall W. White
      President and Chief Executive Officer

Date: April 8, 2004

<PAGE>

                                  EXHIBIT INDEX

EXHIBIT
NUMBER            DESCRIPTION
- ------            -----------

*99.1             Press release dated as of April 8, 2004

- ----------
* Filed herewith.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>e17431ex99-1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
                                                                    Exhibit 99.1

   Educational Development Corporation Announces Record Annual Earnings and
                            Increases Dividend 20%

    TULSA, Okla., April 8 /PRNewswire-FirstCall/ -- Educational Development
Corporation (Nasdaq: EDUC) reported today record earnings for its fiscal year
ended February 29, 2004.  The Company announced net revenues of $30,362,415,
an increase of 16% over $26,257,674 for the comparable period last year.  The
Company reported net earnings of $2,373,450, an increase of 16% over net
earnings of $2,038,085 the previous year.  Basic earnings per share increased
13% to $0.60 a share versus $0.53 for the same period a year ago.
    The Home Business Division reported an increase in net revenues of 23% for
the fiscal year ended February 29, 2004 when compared with the previous year.
Earnings before income taxes in the Home Business Division increased 24% over
the previous year.  Recruiting of new sales consultants during fiscal year
2004 increased 22% over the previous year.
    The Publishing Division posted a slight decline in both net revenues and
earnings before income taxes for the fiscal year ended February 29, 2004.  The
retail book market nationwide continues to be in a sales slump.
    The Company's March 2004 revenues were $3,077,600, an increase of 39% over
March last year and the highest March revenues in the Company's history.  The
Home Business Division recorded a 50% increase in net revenues and the
Publishing Division's net revenues increased 9%.  Recruiting of new sales
associates in the Home Business Division was up 109% for the month of March
2004 versus March last year.
    The Company announces that it will pay a $0.12 per share annual dividend
on June 10, 2004 to shareholders of record May 26, 2004.  This represents a
20% increase over last year's dividend.
    Educational Development Corporation sells the Usborne line of children's
books through its multi-level sales organization, through 6,000 retail stores
and over the Internet.  The Company offers over 1,300 different titles for
children of all ages.


                                          February 29, 2004  February 28, 2003
    Revenues
      Gross Sales                            $40,070,070        $36,036,786
      Less discounts & allowances            (11,318,228)       (11,156,675)
      Transportation Revenue                   1,610,573          1,377,563
        Net Revenues                         $30,362,415        $26,257,674

    Pretax earnings                           $3,832,450         $3,264,785
    Income taxes                               1,459,000          1,226,700

    Net earnings                              $2,373,450         $2,038,085

    Basic earnings per share                        $.60               $.53
    Diluted earnings per share                      $.55               $.49

    Weighted Average Number of
     Common and Common Equivalent
     Shares Outstanding:
      Basic                                    3,948,193          3,835,411
      Diluted                                  4,293,802          4,158,781

SOURCE  Educational Development Corporation
    -0-                             04/08/2004
    /CONTACT:  Randall White, President of Educational Development
Corporation, +1-918-622-4522/
    /Web site:  http://www.edcpub.com /
    (EDUC)

CO:  Educational Development Corporation
ST:  Oklahoma
IN:  REA BKS ECM
SU:  ERN DIV

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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