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) June 1, 2009

Educational Development Corporation
(Exact name of registrant as specified in its charter)

Delaware	0-4957	73-0750007
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

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

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

N/A
(Former name or former address, if changed since last report)

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 2.02. Results of Operations and Financial Condition.

On June 1, 2009, Educational Development Corporation, announced via press release, fiscal 2009 results. 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 June 1, 2009

SIGNATURE

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

	Educational Development Corporation (Registrant)
June 1, 2009 (Date)	/s/   RANDALL W. WHITE Randall W. White President and Chief Executive Officer

EXHIBIT INDEX

EXHIBIT NUMBER	DESCRIPTION
99.1	Press release dated as of June 1, 2009

EX-99.1

EXHIBIT 99.1

Educational Development Corporation Announces Fiscal 2009 Results

TULSA, Okla., June 1, 2009 (GLOBE NEWSWIRE) -- Educational Development Corporation (Nasdaq:EDUC) today reported results for the fiscal fourth quarter and the full year ended February 28, 2009.

For the fiscal year 2009, the Company reports net revenue of $29,398,400, a small decrease when compared to $30,520,700 for the previous year, and net earnings of $1,912,600 compared to $2,324,400 for the previous year. Earnings per share were $0.50 compared to $0.60 the previous year on a fully diluted basis.

For the fourth quarter 2009, the Company announced net revenues of $6,267,900 compared to $6,792,300 for the same period last year. The Company reported 2009 fourth quarter net earnings of $460,400 compared with $482,500 for the 2008 fourth quarter, resulting in earnings per share of $0.12 per share for 2009 fourth quarter and $0.12 for 2008 fourth quarter on a fully diluted basis.

                  EDUCATIONAL DEVELOPMENT CORPORATION
             CONDENSED STATEMENTS OF EARNINGS (UNAUDITED)
 ---------------------------------------------------------------------
                      Three Months Ended         Twelve Months Ended
                        February 28(29),           February 28(29),
                       2009          2008        2009          2008
                    -----------  -----------  -----------  -----------

 NET REVENUES       $ 6,267,900  $ 6,792,300  $29,398,400  $30,520,700
                    ===========  ===========  ===========  ===========
 EARNINGS BEFORE
  INCOME TAXES          805,500      781,000    3,138,900    3,732,100
 INCOME TAXES           345,100      298,500    1,226,300    1,407,700
                    -----------  -----------  -----------  -----------
 NET EARNINGS       $   460,400  $   482,500  $ 1,912,600  $ 2,324,400
                    ===========  ===========  ===========  ===========

 BASIC AND DILUTED
  EARNINGS PER
  SHARE:
   Basic            $      0.12  $      0.13  $      0.50  $      0.62
                    ===========  ===========  ===========  ===========
   Diluted          $      0.12  $      0.12  $      0.50  $      0.60
                    ===========  ===========  ===========  ===========

 WEIGHTED AVERAGE
  NUMBER OF COMMON
  AND EQUIVALENT
  SHARES
  OUTSTANDING:
   Basic              3,710,822    3,710,822    3,796,709    3,748,121
                    ===========  ===========  ===========  ===========
   Diluted            3,796,577    3,796,577    3,797,785    3,859,937
                    ===========  ===========  ===========  ===========

About Educational Development Corporation

Educational Development Corporation sells children's books, including Usborne Books and the Kane/Miller line of international children's titles through a multi-level sales organization of independent consultants (http://www.ubam.com), through 5,000 retail stores and over the Internet. More than 1,500 different titles are available for children of all ages, with periodic new additions.

The Educational Development logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5083

CONTACT:  Educational Development Corporation
          Randall White
          (918) 622-4522