8-K

                                  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): August 4, 2003

                       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)




ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

      (c) EXHIBITS

            99.1  Press release dated as of August 4, 2003

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 August 4, 2003, Educational Development  Corporation,  announces record
July sales. A copy of the press release is attached hereto.




                                   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: August 4, 2003




                                 ` EXHIBIT INDEX

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

*99.1       Press release dated as of August 4, 2003

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

EX-99.1

                                                                    Exhibit 99.1

         Education Development Corporation Announces Record July Sales

    TULSA, Okla., Aug. 4 /PRNewswire-FirstCall/ -- Educational Development
Corporation (Nasdaq: EDUC) announces that its July sales were $2,061,500, an
increase of 25% over July last year and the highest July sales in the
Company's history.

    The Home Business Division recorded a 53% increase in net sales for the
month of July 2003 when compared with July last year.  This Division has
posted 37 consecutive months of sales increases.  July was a record month for
recruiting with over 1,100 new sales associates joining the Home Business
Division, surpassing the previous highest month, April 2003 by 13%.

    The Publishing Division's sales declined 15% for the month of July 2003
when compared with July last year, primarily due to the timing of receipt of
orders from major customers.

    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.