EDUCATIONAL DEVELOPMENT CORP — Director's Dealing 2004

May 21, 2004

SEC Form 4/A — Form 4/A

Issuer: EDUCATIONAL DEVELOPMENT CORP (EDUC)
CIK: 0000031667
Period of Report: 2004-05-18

Reporting Person: WHITE RANDALL W (Director, President & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-18	Common stock	X	40000	$3.125	Acquired	792656	Direct
2004-05-18	Common stock	S	11211	$11.15	Disposed	781445	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-18	Incentive stock option	$3.125	X	40000	Disposed	2004-07-27	Common stock (40000)	Direct