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 12, 2004





                             SCHOLASTIC CORPORATION
                             ----------------------
             (Exact name of registrant as specified in its charter)




DELAWARE                                 000-19860              13-3385513
(State or other jurisdiction of   (Commission File Number)    (IRS Employer
incorporation)                                               Identification No.)

557 BROADWAY, NEW YORK, NEW YORK                                  10012
(Address of principal executive offices)                        (Zip Code)




Registrant's telephone number, including area code   (212) 343-6100







SCHOLASTIC CORPORATION
CURRENT REPORT ON FORM 8-K, DATED  JULY 12, 2004

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ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA
         FINANCIAL INFORMATION AND EXHIBITS



         EXHIBIT
         NUMBER      DESCRIPTION OF DOCUMENT
         ------      -----------------------

         99.1       Press release of Scholastic Corporation, dated July 12, 2004



ITEM 12.   RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On July 12,  2004,  Scholastic  Corporation  issued the press  release  attached
hereto as Exhibit 99.1  announcing  that it will record  certain  charges in the
fourth  quarter of its fiscal year ended May 31, 2004 related to its  Continuity
business.

The information in this Current Report on Form 8-K, including Exhibits, is being
furnished to the Securities and Exchange Commission (the "SEC") and shall not be
deemed to be incorporated by reference into any of Scholastic's filings with the
SEC under the Securities Act of 1933.












                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                                SCHOLASTIC CORPORATION
                                               (Registrant)











Date:    July 12, 2004                          /s/ MARY A. WINSTON
                                                -------------------
                                                Mary A. Winston
                                                Executive Vice President
                                                  & Chief Financial Officer






SCHOLASTIC CORPORATION
CURRENT REPORT ON FORM 8-K, DATED  JULY 12, 2004
EXHIBIT INDEX

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               EXHIBIT NUMBER               DESCRIPTION OF DOCUMENT
               --------------               -----------------------

               Exhibit 99.1             Press release of Scholastic
                                        Corporation, dated  July 12, 2004