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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001275287-05-003839.txt : 20051013
<SEC-HEADER>0001275287-05-003839.hdr.sgml : 20051013
<ACCEPTANCE-DATETIME>20051013171452
ACCESSION NUMBER:		0001275287-05-003839
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20051013
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20051013
DATE AS OF CHANGE:		20051013

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:		051137306

	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>ed3727.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): October 13, 2005

                       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)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities
     Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange
     Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

================================================================================

<PAGE>

ITEM 2.02  RESULTS OF OPERATIONS AND FINANCIAL CONDITION

           On October 13, 2005, Educational Development Corporation, announced
via press release, six months results. A copy of the press release is attached
hereto.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

     (c)   EXHIBITS

            99.1 Press release dated as of October 13, 2005

<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 hereunto duly authorized.

                                             Educational Development Corporation

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

Date: October 13, 2005

<PAGE>

                                  EXHIBIT INDEX

EXHIBIT
NUMBER       DESCRIPTION
- -------      -------------------------------------------------------------------
*99.1        Press release dated as of October 13, 2005

- ----------
*Filed herewith.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ed3727ex991.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    EXHIBIT 99.1

                                  PRESS RELEASE
                                  -------------

         EDUCATIONAL DEVELOPMENT CORPORATION REPORTS SIX MONTHS RESULTS
         --------------------------------------------------------------

TULSA, Okla.--October 13, 2005--Educational Development Corporation (NASDAQ:
EDUC) reported today that net revenues for the six months ended August 31, 2005
were $15,020,800 compared with $15,545,500 for the same six-months a year ago.
Net earnings for the six months ended August 31, 2005 were $1,140,000 compared
with net earnings of $1,276,800 for the same six-months a year ago. Net revenues
for the three months ended August 31, 2005 were $6,794,100 compared with
$6,992,200 for the same period last year. Net earnings for the three months
ended August 31, 2005 were $394,800 compared with $452,400 for the same period
last year.

The Company reports that net revenues in the Publishing Division are up sharply
for the year. Net revenue for the first quarter ended May 31, 2005 increased 7%,
net revenue for the second quarter ended August 31, 2005 increased 17% and the
trend has continued as net revenue increased 36% in September. This upward trend
is due in part to the comprehensive marketing and promotion program implemented
in January 2005.

The Home Business Division is also improving. While retail sales were off 15% in
June and 19% in July when compared with the same periods in the previous year,
during August additional promotions and incentives were added to the marketing
programs, which resulted in August declining only 2% followed by a 5% increase
in September. During the last week of August and the month of September, the
Home Business Division recorded the largest group of new sales associates in our
history, with 1,500 new sales associates joining the Home Business Division. For
the month of September, new sales associates joining the program increased 82%
over last September.

Educational Development Corporation sells the Usborne line of children's books
through its multi-level sales organization, through 5,100 retail stores and over
the Internet. The Company offers over 1,400 different titles for children of all
ages.

<TABLE>
<CAPTION>
                                  Three Months Ended August 31    Six Months Ended August 31,
                                 -----------------------------   -----------------------------
                                     2005            2004            2005            2004
                                 -------------   -------------   -------------   -------------
<S>                              <C>             <C>             <C>             <C>
Net Revenues                     $   6,794,100   $   6,992,200   $  15,020,800   $  15,545,500
                                 =============   =============   =============   =============
Earnings Before Income Taxes     $     638,400   $     725,400   $   1,840,900   $   2,061,100

Income Taxes                           243,600         273,000         700,900         784,300
                                 -------------   -------------   -------------   -------------
Net Earnings                     $     394,800   $     452,400   $   1,140,000   $   1,276,800
                                 =============   =============   =============   =============
Earnings Per Share:
    Basic                        $        0.11   $        0.11   $        0.30   $        0.32
                                 =============   =============   =============   =============
    Diluted                      $        0.10   $        0.11   $        0.29   $        0.30
                                 =============   =============   =============   =============
Weighted Average Shares:
    Basic                            3,745,057       3,982,493       3,741,595       3,991,971
                                 =============   =============   =============   =============
    Diluted                          3,905,290       4,157,072       3,903,439       4,193,679
                                 =============   =============   =============   =============
</TABLE>

      Contact:
            Educational Development Corporation
            Randall White, (918) 622-4522
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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