EDUCATIONAL DEVELOPMENT CORP — Director's Dealing 2004

May 21, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EDUCATIONAL DEVELOPMENT CORP (EDUC)
CIK: 0000031667
Period of Report: 2004-05-21

Reporting Person: MCDANIEL RONALD T (Vice president)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-21	Common stock	X	4500	$3	Acquired	28761	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-21	Incentive stock option	$3	X	4500	Disposed	2010-12-27	Common stock (4500)	Direct