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) July 16, 2009 (May 31, 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	74146-6515
(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 July 16, 2009, Educational Development Corporation, announced via press release, first quarter fiscal 2010 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 July 16, 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)
July 16, 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 July 16, 2009

________
*Filed herewith.

EX-99

EXHIBIT 99.1

Educational Development Corporation Announces First Quarter Fiscal 2010 Results

TULSA, Okla., July 16, 2009 (GLOBE NEWSWIRE) -- Educational Development Corporation (Nasdaq:EDUC) today reported results for the first quarter of fiscal 2010, ended May 31, 2009.

EDUC reports net revenue of $6,218,500 for the quarter ended May 31, 2009, compared to $7,374,800 for the same period last year. Net earnings declined from $768,000 to $666,000 for the same period.

The Publishing Division's net revenues increased $67,600 during the three month period ending May 31, 2009 when compared with the same quarterly period a year ago. We attribute this to a 27.0% increase in sales to major national accounts.

The Home Business experienced a 19.3% net revenue decline which is primarily due to decreases in home party sales, school and library sales and Internet sales. We hold our National Sales Convention this coming weekend where training on all aspects of the business will be presented to over 500 sales consultants.

               EDUCATIONAL DEVELOPMENT CORPORATION
                     SELECTED FINANCIAL DATA

                                           Three Months Ended May 31,
                                            2009               2008
                                            ----               ----

 NET REVENUES                           $ 6,218,500       $ 7,374,800
                                        ============      ============
 EARNINGS BEFORE INCOME TAXES           $   666,000       $   768,000
 INCOME TAXES                               250,600           288,300
                                        ------------      ------------
 NET EARNINGS                           $   415,400       $   479,700
                                        ============      ============

 BASIC AND DILUTED EARNINGS PER SHARE:
   Basic                                $      0.11       $      0.13
                                        ------------      ------------
   Diluted                              $      0.11       $      0.13
                                        ============      ============

 WEIGHTED AVERAGE SHARES:
   Basic                                  3,843,847         3,704,755
                                        ============      ============
   Diluted                                3,844,859         3,706,015
                                        ============      ============

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, 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
          http://www.edcpub.com