SEC Form 3

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 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Hansen Michael E (Last) (First) (Middle) C/O CORP. SECRETARY, SCHOLASTIC CORP 557 BROADWAY (Street) NEW YORK NY 10012 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 03/26/2008	3. Issuer Name and Ticker or Trading Symbol SCHOLASTIC CORP [ SCHL ]
		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 of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

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

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: 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

Explanation of Responses:

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.

	Michael E. Hansen, by Teresa M. Connelly, Attorney-in-fact	03/27/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 POWER OF ATTORNEY

Know all by these presents, that the undersigned hereby
constitutes and appoints each of Devereux Chatillon
Paul Marcotrigiano and
Teresa M. Connelly signing singly, the undersigned's true and
lawful
attorney-in-fact to:

1.	execute for and on behalf of the undersigned's capacity as
an officer and/or director of Scholastic Corporation (the "Company"),
Forms 3, 4 and 5 in accordance with Section 16(a) of the
Securities Exchange Act of 1934 and the rules thereunder;

2. do and perform any and all acts for and on behalf of the
undersigned which
may be necessary or desirable to complete and execute any such Form 3, 4
or 5 and timely file such form with the United States Securities and
Exchange Commission and any stock exchange or similar authority;
and

3.take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of
benefit to, in the best interest of, or legally required by,
the undersigned, it being understood that the documents executed
by such attorney-in-fact on behalf of the undersigned pursuant to this
Power of Attorney shall be in such form and shall
contain terms and conditions as such attorney-in-fact may
approve in such attorney-in-fact's discretion.

	The undersigned hereby grants to each such attorney-in-fact
full power and authority to do and perform any and every
act and thing whatsoever requisite, necessary, or proper to
be done in the exercise of any of the rights and powers herein
granted, as fully to all intents and purposes
as the undersigned might or could do if personally present, with
full power
of substitution or revocation, hereby ratifying and confirming
all that such
attorney-in-fact, or such attorney-in-fact's substitute or
substitutes, shall
lawfully do or cause to be done by virtue of this power of
attorney and the
rights and powers herein granted.  The undersigned acknowledges
that the
foregoing attorneys-in-fact, in serving in such capacity at the
request of the
undersigned, are not assuming, nor is the Company assuming, any
of the
undersigned's responsibilities to comply with Section 16 of the
Securities
Exchange Act of 1934.

	This Power of Attorney shall supersede any
previously executed
powers of attorney and remain in full force and
effect until the undersigned
is no longer required to file Forms 4 and 5 with
respect to the
undersigned's holdings of and transactions in
securities issued by the
Company, unless earlier revoked by the undersigned
in a signed writing
delivered to the foregoing attorney's-in-fact.

	IN WITNESS WHEREOF, the undersigned has caused this Power of
Attorney to be executed as of this 25th day of March 2008.


/s/Michael E. Hansen
_________________________
Michael E. Hansen

Exhibit 24