Leslye Schawfer, Senior Vice President of Marketing for Scholastic Corporation,
Rings The NASDAQ Stock Market Opening Bell

Friday, September 15, 2006
at NASDAQ's MarketSite
in New York City.

Scholastic Corporation
[SCHL]

Leslye Schawfer, Senior Vice President of Marketing for Scholastic Corporation, the global children's publishing, education and media company, presides over the opening bell to celebrate the 20th Anniversary of The Magic School Bus(r), the most successful science book series and franchise for children. Winston will be joined by Magic School Bus author Joanne Cole, illustrator Bruce Degen, as well as everyone's favorite classroom teacher who loves science Ms. Frizzle.

Scholastic Corporation (Nasdaq:SCHL) is the world's largest publisher and distributor of children's books and a leader in educational technology. Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children's books, magazines, technology-based products, teacher materials, television programming, film, videos and toys. The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs, school-based book fairs, and school-based and direct-to-home continuity programs; retail stores, schools, libraries and television networks; and the Company's Internet site, www.scholastic.com

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