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): April 29, 2008

                       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))






Item 8.01 Other Events

      On April 29, 2008, Educational Development Corporation declares via press
release, the fiscal 2008 annual dividend and a one-time special dividend. A copy
of the press release is attached hereto.

ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS

      (d)   EXHIBITS

            99.1 Press release dated as of April 29, 2008



                                   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: April 29, 2008




                                  EXHIBIT INDEX


EXHIBIT
NUMBER      DESCRIPTION

*99.1       Press release dated as of April 29, 2008


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

EX-99.1

EXHIBIT 99.1

                                  PRESS RELEASE

                  EDUCATIONAL DEVELOPMENT CORPORATION ANNOUNCES
        36% INCREASE IN ANNUAL DIVIDEND AND A SPECIAL ONE-TIME DIVIDEND

      TULSA, Okla., April 29 /PRNewswire-FirstCall/ -- http://www.edcpub.com --
Educational Development Corporation (Nasdaq: EDUC) today announced an annual
cash dividend and a one-time special dividend.

      The Board of Directors has authorized a $0.30 per share cash dividend, a
36% increase over last year's cash dividend of $0.22 per share. In addition, due
to the Company's strong cash position and no debt, the Board of Directors has
authorized a special one-time dividend of $0.10 to be paid concurrent with the
regular dividend. The $0.40 per share dividend will be paid on May 19th, 2008 to
shareholders of record May 9th, 2008.

About Educational Development Corporation

      Educational Development Corporation sells the Usborne line of educational
children's books through a multi-level sales organization of independent
consultants (http://www.ubah.com), through 5,100 retail stores and over the
Internet. Over 1,400 different titles are available for children of all ages,
with frequent new additions.

Contact:
      Educational Development Corporation
      Randall White, President of Educational Development Corporation,
      +1-918-622-4522/
      /First Call Analyst: /
      /FCMN Contact: mwelborn@edcpub.com /
      /Web site: http://www.edcpub.com /
      (EDUC)