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Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No.7)*
Name of Issuer: Scholastic Corp.
Title of Class of Securities: Common
CUSIP Number: 807066105
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any
subsequent amendment containing information
which would alter the disclosures provided in a
prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
CUSIP Number: 807066105
1. Name of Reporting Person: Jennison Associates Capital Corp.
S.S. or I.R.S. Identification No. of Above
Person: IRS Identification #13-2631108
2. Check the Appropriate Box if a Member of a
Group: Not Applicable
3. SEC Use Only
4. Citizenship or Place of Organization: New York
Number of Shares Beneficially Owned By Each Reporting Person With:
5. Sole Voting Power: 0 shares
6. Shared Voting Power: 0 shares
7. Sole Dispositive Power: 0 shares
8. Shared Dispositive Power: 0 shares
9. Aggregate Amount Beneficially Owned by Each
Reporting Person: 0 shares
10. Check Box if the Aggregate Amount in Row 9 Excludes
Certain Shares*: ( )
11. Percent of Class Represented by Amount in Row 9: 0%
12. Type of Reporting Person*: IA
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Item 1(a) Name of Issuer: Scholastic Corp.
Item 1(b) Address of Issuer's Principal Executive Offices:
555 Broadway
New York, NY 10012
Item 2(a) Name of Person Filing: Jennison
Associates Capital Corp.
Item 2(b) Address of Principal Business Office or
Residence: 466 Lexington Avenue
New York, NY 10017
Item 2(c) Citizenship: New York
Item 2(d) Title of Class of Securities: Common
Item 2(e) CUSIP Number: 807066105
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Item 3 If this statement is filed pursuant to Rules 13d1(b),
or 13d-2(b), check whether the person filing is a:
(a) ( ) Broker or Dealer registered under Section 15 of the Act
(b) ( ) Bank as defined in Section 3(a) (6) of the Act
(c) ( ) Insurance Company as defined in Section 3(a) (19) of the Act
(d) ( ) Investment Company registered under Section 8 of the
Investment Company Act
(e) (X) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) ( ) Employee Benefit Plan, Pension Fund which is subject to the
provision of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see Section 240.13d-1(b) (ii) (F)
(g) ( ) Parent Holding Company, in accordance with Section
240.13(b) (ii) (G) (Note See Item 7)
(h) ( ) Group, in accordance with Section 240.13d-1(b) (ii) (H)
Item 4 Ownership:
(a) Amount Beneficially Owned: 0 shares
(b) Percent of Class: 0%
(c) Number of shares as to which such person has:
0 (I) sole power to vote or to direct the vote
0 (II) shared power to vote or to direct the vote
0 (III) sole power to dispose or to direct the disposition of
0 (IV) shared power to dispose or to direct the
disposition of
Jennison Associates Capital Corp. ("Jennison") furnishes investment
advice to several investment companies, insurance separate
accounts, and institutional clients ("Managed
Portfolios"). As a result of its role as
investment adviser of the Managed Portfolios, Jennison may be deemed
to be the beneficial owner of the shares of the
Issuer's Common Stock held by such Managed
Portfolios. The Prudential Insurance Company of
America ("Prudential") owns 100% of the stock of
Jennison. As a result, Prudential may be deemed
to have the power to exercise or to direct the
exercise of such voting and/or dispositive power
that Jennison may have with respect to
the Issuer's Common Stock held by the Managed
Portfolios.
Jennison does not file jointly with Prudential, as such, shares
of the Issuer's Common Stock reported on Jennison's 13G may be
included in the shares reported on the 13G filed by Prudential.
These shares were acquired in the ordinary course of business,
and not with the purpose or effect of changing or influencing
control of the Issuer. The filing of this statement should not
be construed as an admission that Jennison is, for the purposes
of Sections 13 or 16 of the Securities Exchange Act of 1934, the
beneficial owner of thes shares.
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the securities,
check the following (X).
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
Our clients have the right to receive or the power to direct the
receipt of dividends or the profits from the sale of such
securities. No one client owns more than 5% of such security
class.
Item 7 Identification and Classification of the Subsidiary which
Acquired the Security being Reported on by the Parent
Holding Company: Not Applicable
Item 8 Identification and Classification of
Members of the Group: Not Applicable
Item 9 Notice of Dissolution of Group: Not Applicable
Item 10 Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any
transaction having such purposes or effects.
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the correct
information set forth in this statement is true,
complete and correct.
February 10 ,1998
Karen E. Kohler, Senior Vice President and Director