EDUCATIONAL DEVELOPMENT CORP — Director's Dealing 2004

May 19, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: COSGROVE G DEAN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-18	Common stock	S	1962	$11.15	Disposed	28038	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-18	Incentive stock option	$2.1875	X	10000	Disposed	2010-07-17	Common Stock (10000)	Direct