15

                                 FORM 10-Q
                                     
                    SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D. C.  20549
                                     
                QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934


For Quarter Ended              NOVEMBER 30, 1997


Commission File Number             1-5807


                          ENNIS BUSINESS FORMS, INC.
                     (Exact name of registrant as specified in its charter)


               TEXAS                                        75-0256410
       (State or other Jurisdiction of                    (I. R. S.
Employer
       incorporation or organization)                     Identification
No.)

      107 N. Sherman Street, Ennis, TX                       75119
     (Address of principal executive offices)              (Zip Code)


                                 (972) 872-3100
                    (Registrant's telephone number, including area code)


                                  No Change
           (Former name, former address and former fiscal year, if changed
since last report.)


Indicate  by  check mark whether the registrant (1) has filed  all  reports
required to be filed by Section 13 or 15(d) of the Securities Exchange  Act
of  1934 during the preceding 12 months (or for such shorter prior that the
registrant  was required to file such report), and (2) has been subject  to
such filing requirements for the past 90 days.

                                                          Yes  X      No

Indicate  the number of shares outstanding of each of the issuer's  classes
of common stock, as the latest practicable date.


           Class                          Outstanding at November 30, 1997
Common stock, par value $2.50 per share                     16,437,685

                                     
                        ENNIS BUSINESS FORMS, INC.
                                     
                                   INDEX
                                     


Part I.   Financial Information

   Condensed Consolidated Balance Sheets --
     November 30, 1997 and February 28, 1997           2

   Condensed Consolidated Statements of Earnings --
     Three and Nine Months Ended November 30,
     1997 and 1996                                     3

   Condensed Consolidated Statements of Cash
     Flows --Nine Months Ended November 30,
     1997 and 1996                                     4

   Notes to Condensed Consolidated Financial
     Statements                                        5

   Management's Discussion and Analysis of
     Financial Condition and Results of
     Operations                                        6


Part II.                             Other Information  7


                      PART I.  FINANCIAL INFORMATION
                                     
                        ENNIS BUSINESS FORMS, INC.
                   CONDENSED CONSOLIDATED BALANCE SHEETS
                          (Dollars in Thousands)
                                (Unaudited)
                                                 November 30, February 28,
                                                    1997         1997
                                  Assets
Current assets
  Cash and equivalents                               $19,758       18,494
  Accounts receivable, net                            17,965       18,600
  Inventories                                          7,423       10,500
  Other current assets                                 5,542        5,033

          Total current assets                        50,688       52,627

Property, plant and equipment, net                    37,653       33,560

Cost of purchased businesses in excess of amounts
  allocated to tangible net assets                     4,620        5,942

Other assets and deferred charges                      1,878        2,828

          Total assets                               $94,839       94,957
                   Liabilities and Stockholders' Equity
Current liabilities
  Current installments of long-term debt             $   180           85
  Accounts payable                                     5,544        5,234
  Accrued expenses                                     7,046        4,988
  Federal and state income taxes payable                 730           --

          Total current liabilities                   13,500       10,307

Long-term debt, less current installments                231          195

Deferred credits, principally Federal income taxes     1,029        2,869

Stockholders' equity
  Common stock, at par value                          53,125       53,125
  Additional capital                                   1,040        1,040
  Retained earnings                                  117,795      119,318
  Cumulative foreign currency translation adjustments    (53)        (76)
                                                     171,907      173,407
Less:
  Treasury stock                                      91,828       91,821
          Total stockholders' equity                  80,079       81,586

          Total liabilities and stockholders' equity $94,839       94,957

See accompanying notes to condensed consolidated financial statements.

                        ENNIS BUSINESS FORMS, INC.
                                     
               CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
              (Dollars in Thousands Except Per Share Amounts)
                                (Unaudited)

                                 Three Months Ended      Nine Months Ended
                                     November 30,           November 30,

                                  1997      1996          1997      1996

Net sales                        $ 40,311     40,210   $116,516    115,849

Costs and expenses:
  Cost of sales                    27,822     27,986     81,404     78,559
  Selling, general and
     administrative expenses        7,770      7,488     22,981     20,867
  Loss on disposal of Heath
    Printers, Inc.                  3,067         --      3,067         --
  Interest expense                     17         15         54         61

                                   38,676     35,489    107,506     99,487

Earnings from operations            1,635      4,721      9,010     16,362

Investment and other income           301        290        852      1,168

Earnings before income taxes        1,936      5,011      9,862     17,530

Provision for income taxes            805      1,894      3,741      6,596

Net earnings                     $  1,131      3,117   $  6,121     10,934

Weighted average number of common
 shares outstanding            16,437,828 16,438,636 16,438,071 16,438,919

Per share amounts:
  Net earnings                   $    .07        .19      $ .37        .67

  Cash dividends                 $   .155       .155      $.465        .46





See accompanying notes to condensed consolidated financial statements.


                        ENNIS BUSINESS FORMS, INC.
                                     
              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                          (Dollars in Thousands)
                                (Unaudited)


                                                       Nine Months Ended
                                                         November 30,
                                                       1997       1996

Cash flows from operating activities:
  Net earnings                                       $  6,121    10,934
  Adjustments to reconcile net income to
   net cash provided by operating activities:
     Depreciation and amortization                      4,685     3,638
     Loss on disposal of Heath Printers, Inc.           3,067        --
     Changes in assets and liabilities                  5,911    (3,773)
     Other                                             (2,105)     (848)
       Net cash provided by operating activities       17,679     9,951

Cash flows from investing activities:
  Capital expenditures                                 (8,916)   (8,887)
  Purchases of operating assets                            --    (7,342)
  Other                                                    21        11

       Net cash used in investing activities           (8,895)   (16,218)

Cash flows from financing activities:
  Purchase of treasury stock                               (7)      (11)
  Proceeds from capital lease financing                   289        --
  Reduction of long-term debt                            (158)      (80)
  Dividends                                            (7,644)   (7,562)

       Net cash used in financing activities           (7,520)   (7,653)

Net changes in cash and equivalents                     1,264   (13,920)

Cash and equivalents at beginning of period            18,494    38,606

Cash and equivalents at end of period                $ 19,758    24,686



See accompanying notes to condensed consolidated financial statements.
                                     
                                     
                        ENNIS BUSINESS FORMS, INC.
           NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


1. The  information included herein reflects all adjustments (none of which
   were other than normal recurring accruals) which, in the opinion of  the
   Company, are necessary to a fair statement of the financial position  as
   of  November  30,  1997  and  February 28,  1997,  and  the  results  of
   operations  and  cash flows for the three months and nine  months  ended
   November 30, 1997 and 1996.

2. Earnings  per  common  share amounts are based on the  weighted  average
   number   of   shares  outstanding  during  the  period.   Common   stock
   equivalents  (options see Note 3) have not been included in  determining
   earnings  per common share amounts because their inclusion,  either  for
   purposes  of  computing  primary or fully diluted  earnings  per  share,
   would  not  produce  sufficient incremental shares (using  the  treasury
   stock method) to reduce the per share amounts shown.

3. As  of  November  30, 1997, the Company has reserved 378,958  shares  of
   common stock under incentive stock options plans.

4. The  Company  uses the Last-In, First-Out (LIFO) method of  pricing  the
   raw  material content of most of its business forms inventories, and the
   First-In,  First-Out (FIFO) method is used to value the remainder.   The
   following  table summarizes the components of inventory at the different
   stages of production (in thousands of dollars):
                                 November 30,     February 28,
                                       1997          1997

         Raw material               $ 4,392          6,394
         Work-in-process                888          1,127
         Finished goods               2,143          2,979

                                    $ 7,423         10,500



             MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                    CONDITION AND RESULTS OF OPERATIONS



Liquidity and Capital Resources

     At November 30, 1997, the Company's financial position continues to be
strong.  Working capital decreased from $42,320,000 at February 28, 1997 to
$37,188,000  at  November  30,  1997.   The  decrease  is  due   to   lower
inventories,  increased  accrued expenses and  capital  expenditures.   The
Company's  cash  flow from operations continues to be adequate  to  sustain
operations,  meet  debt repayment requirements and fund capital  additions.
No liquidity problems are anticipated.


Results of Operations

     For  the  three  months and nine months ended November 30,  1997,  net
sales increased .3%  and .6% respectively from the corresponding periods of
last  year.  The gross profit margin increased 2.2% and decreased 5.8%  for
the  three  months  and  nine  months ended  November  30,  1997  from  the
corresponding periods of last year.  The gross profit margin increased  for
the  current quarter from the same period in the prior year due  to  higher
sales  prices.  Selling, general and administrative expenses for the  three
and  nine  months  ended  November  30,  1997  increased  3.8%  and  10.1%,
respectively, compared to the corresponding periods in the prior year.  The
increases  are  primarily  due  to higher marketing  and  promotion  costs,
increased  customer telephone call activity, increased personnel costs  and
expanded  information and communications systems, all associated  with  the
ongoing efforts to grow sales.  Investment and other income for the periods
ended  November  30, 1997 compared to the same periods in  the  prior  year
increased 3.8% for the quarter and decreased 27.0% for the nine months  due
to  higher  funds  available for investment early in the prior  year.   Net
earnings  declined 63.7% and 44%, respectively, for the  three  months  and
nine  months ended November 30, 1997 from the corresponding periods of last
year.   Earnings  per share declined $.12 and $.30, respectively,  for  the
three months and nine months ended November 30, 1997 from the corresponding
periods of last year.  The per share earnings were based upon three  months
and  nine  months  weighted average shares outstanding  of  16,437,828  and
16,438,071,   respectively  at  November  30,  1997,  and  16,438,636   and
16,438,919 weighted average shares outstanding at November 30,  1996.   The
$.12 per share decline in earnings from the quarter ended November 30, 1997
compared  to  the  corresponding period in the prior  year  was  due  to  a
$1,994,000  non cash charge resulting from the Company's decision  to  sell
its  commercial  printing  subsidiary, Heath  Printers,  Inc.   The  charge
represents  what  the Company estimates it can reasonably  expect  (net  of
income  tax  benefit) to realize from a sale as compared  to  its  carrying
value.   Excluding  the  special  charge  from  Heath,  quarterly  earnings
increased  17.9%  from  the  immediately preceding  quarter  and  increased
fractionally from the corresponding period in the prior year.  The increase
in  earnings  from the second quarter to the third quarter  (excluding  the
special  charge)  was  primarily the result of higher  quarter  to  quarter
sales.   Aside  from  cotton tags (which have been in decline  for  several
years), we continue to expect 3% to 4% unit sales growth in our traditional
products.  The  effective rate of Federal and state income tax  expense  is
substantially the same each year.






     Management's results of operations contains forward-looking statements
that reflect the Company's current view with respect to future revenues and
earnings.    These  statements  are  subject  to  numerous   uncertainties,
including (but not limited to) the rate at which the business forms  market
is  contracting,   the  application  of technology  to  the  production  of
business  forms,  demand for the Company's products in  the  context  of  a
contracting  market,  variability in the prices  of  paper  and  other  raw
materials,  and  competitive  conditions  in  the  business  forms  market.
Because  of  such uncertainties, readers are cautioned not to  place  undue
reliance on such forward-looking statements, which speak only as of January
9, 1998.

                        PART II.  OTHER INFORMATION



Item 6.   Exhibits

     Exhibit:
       (3) (ii)   Amended Bylaws

     Exhibit:
       (27)    Financial Data Schedule



                                SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.



                                ENNIS BUSINESS FORMS, INC.



Date   January 9, 1998    /s/Victor V. DiTommaso
                          Victor V. DiTommaso
                          Vice President - Finance, Secretary & Treasurer
                          Principal Financial and Accounting Officer



                                SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.


                                ENNIS BUSINESS FORMS, INC.



Date  January 9, 1998
                          Victor V. DiTommaso
                          Vice President - Finance, Secretary & Treasurer
                          Principal Financial and Accounting Officer