SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* HOLLAND LARRY V (Last) (First) (Middle) C/O CORPORATE SECRETARY SCHOLASTIC CORPORATION 557 BROADWAY (Street) NEW YORK NY 10012 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol SCHOLASTIC CORP [ SCHL ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) SVP Human Resources
	3. Date of Earliest Transaction (Month/Day/Year) 04/04/2005
	4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/04/2005		M		32,497	A	$30.625	40,878	D
Common Stock	04/04/2005		S		10,000	D	$36.1873	30,878	D
Common Stock	04/04/2005		S		10,000	D	$36.5883	20,878	D
Common Stock	04/04/2005		S		5,700	D	$36.25	15,178	D
Common Stock	04/04/2005		S		6,797	D	$37.3492	8,381	D
Common Stock	04/04/2005		M		7,803	A	$27.46	16,184	D
Common Stock	04/04/2005		S		803	D	$36.3492	15,381	D
Common Stock	04/04/2005		S		1,000	D	$36.419	14,381	D
Common Stock	04/04/2005		S		1,000	D	$36.432	13,381	D
Common Stock	04/04/2005		S		1,000	D	$36.403	12,381	D
Common Stock	04/04/2005		S		1,000	D	$36.354	11,381	D
Common Stock	04/04/2005		S		1,000	D	$36.4	10,381	D
Common Stock	04/04/2005		S		1,000	D	$36.4164	9,381	D
Common Stock	04/04/2005		S		1,000	D	$36.5303	8,381	D
Common Stock	04/05/2005		M		2,197	A	$27.46	10,578	D
Common Stock	04/05/2005		S		10,000	D	$36.6782	578	D
Common Stock	04/05/2005		M		17,803	A	$25.69	18,381	D
Common Stock	04/05/2005		S		10,000	D	$36.6384	8,381	D
Common Stock								344	I	By trustee of 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$30.625	04/04/2005		M			32,497	(1)	07/19/2006	Common Stock	32,497	$0	0	D
Employee Stock Option (right to buy)	$27.46	04/04/2005		M			7,803	(2)	07/14/2013	Common Stock	7,803	$0	32,197	D
Employee Stock Option (right to buy)	$25.69	04/05/2005		M			17,803	(3)	07/21/2009	Common Stock	17,803	$0	32,197	D
Common Stock	$27.46	04/05/2005		M			2,197	(2)	07/14/2013	Common Stock	2,197	$0	30,000	D

Explanation of Responses:

1. The option vested in four equal installments on July 18, 1997, 1998, 1999 and 2000.

2. The option vests in four equal installments on July 14, 2004, 2005, 2006 and 2007.

3. The option vested in four equal installments on July 20, 2000, 2001, 2002 and 2003.

	Teresa M. Connelly, Attorney-in-fact	04/06/2005
	** 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 4 (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).
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