Exhibit 99.2

SCHEDULE II

FRANKLIN COVEY CO.

VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
For the Three Years Ended August 31, 2004 for Continuing Operations
(Dollars in Thousands)

Column A	Column B		Column C		Column D			Column E
			Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses		Deductions			Balance at End of Period
Year ended August 31, 2002:
Allowance for doubtful accounts	$	1,799	$	1,680	$	(1,677	)(1)	$	1,802
Allowances for inventories		7,097		5,332		(7,040	)(2)		5,389
Reserve for losses on management stock loan		1,052		24,775		--			25,827
	$	9,948	$	31,787	$	(8,717	)	$	33,018
Year ended August 31, 2003:
Allowance for doubtful accounts	$	1,802	$	912	$	(890	)(1)	$	1,824
Allowances for inventories		5,389		4,755		(5,125	)(2)		5,019
Reserve for losses on management stock loans		25,827		3,903		--			29,730
	$	33,018	$	9,570	$	(6,015	)	$	36,573
Year ended August 31, 2004:
Allowance for doubtful accounts	$	1,824	$	491	$	(1,281	)(1)	$	1,034
Allowances for inventories		5,019		2,844		(2,790	)(2)		5,073
Reserve for losses on management stock loans		29,730		--		(29,730	)(3)		--
	$	36,573	$	3,335	$	(33,801	)	$	6,107

⁽¹⁾  Represents a write-off of accounts deemed uncollectible
⁽²⁾   Reduction in the allowance is due to a write-off of obsolete inventories
⁽³⁾   Reduction in loan loss is due to modifications made to the terms of the management stock loans, which required new accounting treatment