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): October 15, 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)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under an 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))




ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

      On October 15, 2004, Educational Development Corporation, announced via
press release, reports 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 15, 2004




                                   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: October 15, 2004




                                  EXHIBIT INDEX

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

*99.1             Press release dated as of October 15, 2004

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

EX-99.1

                                                                    Exhibit 99.1

         Educational Development Corporation Reports Six Months Results

    TULSA, Okla., Oct. 15 /PRNewswire-FirstCall/ -- Educational Development
Corporation (Nasdaq: EDUC) reported today that net revenues for the six months
ended August 31, 2004 were $15,192,500 compared with $14,157,500 for the same
six-months a year ago, an increase of 7.3%.  Net earnings for the six months
ended August 31, 2004 were $1,276,800, an increase of 14.0% over net earnings
of $1,120,300 for the same six-months a year ago.  Net revenues for the three
months ended August 31, 2004 were $6,775,000 compared with $6,894,500 for the
same period last year, a decrease of 1.7%.  Net earnings for the three months
ended August 31, 2004 were $452,400 compared with $534,400 for the same period
last year, a decrease of 15.3%.
    Net revenues in the Home Business Division increased 2.3% and 12.2% for
the three months and six months ended August 31, 2004 when compared with the
same two periods a year ago.  Net revenues in the Publishing Division declined
10.6% and 4.6% for the three and six months ended August 31, 2004 when
compared with the same two periods a year ago.  The results for the 2nd
quarter reflect a softening demand during the summer months which are
primarily the result of a major customer who placed an order during the 2nd
quarter of the previous year but did not order during the 2nd quarter of the
current year and other one-time events which include national weather related
problems.  While these events have a near term negative impact, Company
management believes in the next few quarters, their long-term strategic
objective of recording a 15-20% annual growth in sales and earnings will be
achieved.
    The management of the Company continues to believe the stock has been
undervalued and since March 1, 2004 has acquired over 320,000 shares of stock
under the Stock Repurchase Program.  Management expects to continue purchasing
stock in selected situations which will be funded by operational cash flow.
    The Company's CEO is pleased to announce that the Company was ranked
No. 43 in the July-August 2004 issue of Fortune Small Business magazine's list
of America's fastest-growing small companies.  Last year the Company was
ranked No. 48 on the list.
    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.

                           Three Months Ended            Six Months Ended
                               August 31,                    August 31,
                           2004          2003           2004           2003


    Net Revenues       $6,775,000    $6,894,500    $15,192,500    $14,157,500

    Earnings Before
     Income Taxes        $725,400      $861,400     $2,061,100     $1,799,800

    Income Taxes          273,000       327,000        784,300        679,500


    Net Earnings         $452,400      $534,400     $1,276,800     $1,120,300


    Earnings Per Share:
      Basic                 $0.11         $0.14          $0.32          $0.29
      Diluted               $0.11         $0.12          $0.30          $0.26


    Weighted Average
     Shares:
      Basic             3,982,493     3,946,866      3,991,971      3,913,235
      Diluted           4,157,072     4,301,033      4,193,679      4,277,027

SOURCE  Educational Development Corporation
    -0-                             10/15/2004
    /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 CPR MLM ECM
SU:  ERN