Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Hansen Michael E
 2. Date of Event Requiring Statement (Month/Day/Year)
03/26/2008		 3. Issuer Name and Ticker or Trading Symbol
SCHOLASTIC CORP [SCHL]
(Last)
(First)
(Middle)
C/O CORP. SECRETARY, SCHOLASTIC CORP, 557 BROADWAY		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP, Pres.Fairs & Internat.
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10012		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 20,000 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy)   (2) 03/25/2018 Common Stock 80,000 $ 35.55 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hansen Michael E
C/O CORP. SECRETARY, SCHOLASTIC CORP
557 BROADWAY
NEW YORK, NY 10012		       EVP, Pres.Fairs & Internat.  

Signatures

Michael E. Hansen, by Teresa M. Connelly, Attorney-in-fact 03/27/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents a grant of restricted stock units under the Scholastic Corporation 2001 Stock Incentive Plan on March 25, 2008, of which 25% vest on April 25, 2009 and the remaining 75% vest in 25% increments on the 2nd, 3rd and 4th anniversary of the date of grant.
(2) Vests annually in 25% increments beginning on the first anniversary of the date of grant.

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