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 15, 2010 (May 31, 2010)

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 15, 2010, Educational Development Corporation, announced via press release, third 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 15, 2010

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 15, 2010 (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 15, 2010

_______
*Filed herewith.

EX-99.1

EXHIBIT 99.1

Educational Development Corporation Announces First Quarter Fiscal 2011 Results

TULSA, Okla., July 15, 2010 (GLOBE NEWSWIRE) -- Educational Development Corporation (Nasdaq:EDUC) (http://www.edcpub.com) today reported results for the first quarter of fiscal 2011, ended May 31, 2010.

Results

EDUC reports net revenue of $6,295,400 for the quarter ended May 31, 2010 compared to $6,390,600 and net earnings of $188,200 compared to $415,400 for the same period last year.

We are pleased the Publishing Division posted a net revenue gain of 5.9% for the quarter in a tough retail environment and the trend continued as June sales were the second highest for any month in our history.

The Home Business experienced a 4.8% net revenue decline which is primarily due to decreases in home party sales and direct sales. We hold our National Sales Convention next weekend where training on all aspects of the business will be presented to over 500 sales consultants.

During the quarter, the Company recorded a one-time casualty loss of $188,500. While this resulted in disappointing results for the quarter, the Company operations were not affected. 

EDUCATIONAL DEVELOPMENT CORPORATION
SELECTED FINANCIAL DATA
	Three Months Ended May 31,
	2010	2009
NET REVENUES	$ 6,295,400	$ 6,390,600
EARNINGS BEFORE INCOME TAXES	$ 300,300	$ 666,000
INCOME TAXES	112,100	250,600
NET EARNINGS	$ 188,200	$ 415,400
BASIC AND DILUTED EARNINGS PER SHARE:
Basic	$ 0.05	$ 0.11
Diluted	$ 0.05	$ 0.11
WEIGHTED AVERAGE SHARES:
Basic	3,876,603	3,843,847
Diluted	3,880,131	3,844,859

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