11


                                  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, 1999
                 ------------------------------------------------------------


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.)

      1510 N. Hampton, Suite 300, DeSoto, TX                 75115
-----------------------------------------------------------------------------
     (Address of principal executive offices)              (Zip Code)


                                 (972) 228-7801
-----------------------------------------------------------------------------
              (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 reports), 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 of the latest practicable date.



               Class                         Outstanding at November 30, 1999
---------------------------------------      --------------------------------
Common stock, par value $2.50 per share                 16,391,911






                        ENNIS BUSINESS FORMS, INC.

                                   INDEX



Part I.   Financial Information - unaudited

   Condensed Consolidated Balance Sheets --
     November 30, 1999 and February 28, 1999                 2

   Condensed Consolidated Statements of Earnings --
     Three and Nine Months Ended November 30,1999
     and 1998                                                3

   Condensed Consolidated Statements of Cash
     Flows --Nine Months Ended November 30, 1999
     and 1998                                                4

   Notes to Condensed Consolidated Financial
     Statements                                          5 - 7

   Management's Discussion and Analysis of
     Financial Condition and Results of
     Operations                                          8 - 9


Part II.  Other Information                                 10





                      PART I.  FINANCIAL INFORMATION

                        ENNIS BUSINESS FORMS, INC.
                   CONDENSED CONSOLIDATED BALANCE SHEETS
                          (Dollars in Thousands)
                                (Unaudited)
                                                 November 30,   February 28,
                                                     1999          1999
                                                 ------------   ------------
                                  Assets
Current assets:
  Cash and equivalents                             $  4,403        20,691
  Accounts receivable, net                           23,858        18,720
  Inventories                                         9,219         8,533
  Other current assets                                3,311         4,732
                                                   --------       -------

          Total current assets                       40,791        52,676
                                                   --------       -------

Long Term Investments and Marketable Securities       8,641            --

Property, plant and equipment, net                   42,239        33,911

Cost of purchased businesses in excess of amounts
  allocated to tangible net assets                    8,053         5,731

Other assets and deferred charges                     1,563         2,017
                                                   --------       -------

          Total assets                             $101,287        94,335
                                                   ========       =======

                   Liabilities and Shareholders' Equity
Current liabilities:
  Current installments of long-term debt           $    325           199
  Accounts payable                                    4,073         4,107
  Accrued expenses                                    5,421         4,061
                                                   --------       -------

          Total current liabilities                   9,819         8,367
                                                   --------       -------

Long-term debt, less current installments               537             7

Deferred credits, principally Federal income taxes    2,643         2,462

Shareholders' equity:
  Common stock, at par value                         53,125        53,125
  Additional capital                                  1,040         1,040
  Retained earnings                                 124,466       122,307
                                                   --------       -------
                                                    178,631       176,472
  Less:
     Treasury stock                                  90,343        92,973
                                                   --------       -------
          Total shareholders' equity                 88,288        83,499
                                                   --------       -------

     Total liabilities and shareholders' equity    $101,287        94,335
                                                   ========       =======


See accompanying notes to condensed consolidated financial statements.


                                      2



                        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,
                                ------------------         -----------------

                                  1999       1998           1999       1998
                                  ----       ----           ----       ----

Net sales                       $41,173     38,800       $118,996    112,038
                                -------     ------       --------    -------

Costs and expenses:
  Cost of sales                  27,561     26,939         80,988     76,860
  Selling, general and
     Administrative expenses      7,472      6,974         22,197     20,561
                                -------     ------       --------    -------

                                 35,033     33,913        103,185     97,421
                                -------     ------       --------    -------

Earnings from operations          6,140      4,887         15,811     14,617

Investment and other income         200        302          1,829        977
                                -------     ------       --------    -------

Earnings before income taxes      6,340      5,189         17,640     15,594

Provision for income taxes        2,380      1,909          6,541      5,731
                                -------     ------       --------    -------

Net earnings                    $ 3,960      3,280       $ 11,099      9,863
                                =======     ======       ========    =======

Weighted average number of common
 shares outstanding          16,287,986 16,166,634     16,267,266 16,329,264
                             ========== ==========     ========== ==========

Per share amounts:
  Net earnings per basic and diluted
     share of common stock        $ .24        .20          $ .68        .60
                                  =====       ====          =====       ====

  Cash dividends                  $.155       .155          $.465       .465
                                  =====       ====          =====       ====


See accompanying notes to condensed consolidated financial statements.

                                      3



                        ENNIS BUSINESS FORMS, INC.

              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                          (Dollars in Thousands)
                                (Unaudited)


                                                       Nine Months Ended
                                                         November 30,

                                                         1999       1998
                                                         ----       ----

Cash flows from operating activities:
  Net earnings                                         $11,099      9,863
  Adjustments to reconcile net income to
   net cash provided by operating activities:
     Depreciation and amortization                       4,870      3,980
     Gain on the sale of property, plant and equipment  (1,192)       (22)
     Loss on impairment of long-lived assets               611         --
     Changes in operating assets and liabilities         1,234      3,902
     Other                                                 (77)    (1,307)
                                                       -------     ------
       Net cash provided by operating activities        16,545     16,416
                                                       -------     ------

Cash flows from investing activities:
  Acquisition of business                              (16,820)    (2,269)
  Capital expenditures                                  (2,063)    (3,131)
  Purchases of Investments                              (8,641)        --
  Proceeds from disposal of property                     1,963        664
                                                       -------     ------
       Net cash used in investing activities           (25,561)    (4,736)
                                                       -------     ------

Cash flows from financing activities:
  Purchase of treasury shares                               (1)    (3,300)
  Dividends declared                                    (7,558)    (7,597)
  Other                                                    287       (174)
                                                       -------     ------
       Net cash used in financing activities            (7,272)   (11,071)
                                                       -------     ------

Net change in cash and equivalents                     (16,288)       609

Cash and equivalents at beginning of period             20,691     22,700
                                                       -------     ------

Cash and equivalents at end of period                  $ 4,403     23,309
                                                       =======     ======


See accompanying notes to condensed consolidated financial statements.


                                      4


                        ENNIS BUSINESS FORMS, INC.
           NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


1. Basis of Presentation
   ---------------------
   These  unaudited  condensed consolidated financial statements  of  Ennis
   Business  Forms, Inc. and its subsidiaries (collectively the "Company"),
   for  the  quarter  ended  November  30,  1999  have  been  prepared   in
   accordance  with  generally accepted accounting principles  for  interim
   financial  reporting.   Accordingly, they do  not  include  all  of  the
   information  and  footnotes  required by generally  accepted  accounting
   principles  for  complete financial statements and  should  be  read  in
   conjunction  with  the  audited consolidated  financial  statements  and
   notes  thereto  included in the Company's Form 10-K for the  year  ended
   February  28,  1999, from which the accompanying condensed  consolidated
   balance  sheet  at  February  28, 1999  was  derived.   All  significant
   intercompany   balances  and  transactions  have  been   eliminated   in
   consolidation.    In   the  opinion  of  management,   all   adjustments
   (consisting  only of normal recurring adjustments) considered  necessary
   for  a fair presentation of the interim financial information have  been
   included.    The  results of operations for any interim period  are  not
   necessarily indicative of the results of operations for a full year.

2. Stock Option Plans
   ------------------
   As  of  November 30, 1999, the Company has reserved 1,122,712 shares  of
   common  stock under incentive stock  option  plans.  Stock  options  are
   antidilutive  for  each  period  presented  and,  therefore,  have  been
   excluded from the earnings per share calculation.

3. Inventories
   -----------
   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,
                                    1999                   1999
                                ------------           ------------

          Raw material             $5,264                  4,734
          Work-in-process           1,048                    951
          Finished goods            2,907                  2,848
                                   ------                  -----

                                   $9,219                  8,533
                                   ======                  =====

4. Comprehensive Income
   --------------------
   Comprehensive income and net income are substantially the same.


                                      5


5. Segment Data
   ------------
  Segment data for the three months and nine months ended November 30, 1999
  and 1998 were as follows (in thousands):



                                    Business Forms
                                      & Printed                  Consolidated
                                       Products      Tool & Die     Totals
                                       --------      ----------     ------

Three months ended November 30, 1999:
  Net Sales                             $40,058        $1,115      $ 41,173
  Depreciation and amortization           1,438            48         1,486
  Segment earnings before income tax      6,193           147         6,340
  Segment Assets                         96,659         4,628       101,287
  Capital Expenditures                      584            38           622

Three months ended November 30, 1998:
  Net Sales                             $37,093        $1,707       $38,800
  Depreciation and amortization           1,246            62         1,308
  Segment earnings before income tax      4,891           298         5,189
  Segment Assets                         89,062         4,580        93,642
  Capital Expenditures                    1,113             6         1,119

Nine months ended November 30, 1999:
  Net Sales                            $115,147        $3,849      $118,996
  Depreciation and amortization           4,712           158         4,870
  Segment earnings before income tax     17,706           (66)       17,640
  Segment Assets                         96,659         4,628       101,287
  Capital Expenditures                    1,978            85         2,063

Nine months ended November 30, 1998:
  Net Sales                            $107,748        $4,290      $112,038
  Depreciation and amortization           3,782           198         3,980
  Segment earnings before income tax     15,084           510        15,594
  Segment Assets                         89,062         4,580        93,642
  Capital Expenditures                    2,962           169         3,131


The  Company  is principally in the business of manufacturing  and  selling
business  forms  and  other printed products to customers  located  in  the
United  States.   The  Company previously reported  its  smaller  operating
segment  and corporate and financing activities on a combined  basis.   For
the  three  months and nine months ended November 30, 1999  and  1998,  the
Company has reported its smaller operating segment separately.


                                      6


6. Purchase of Adams McClure and American Forms
   --------------------------------------------
   On  November 4, 1999, the Company and its wholly owned subsidiary,  Ennis
   Acquisitions,  Inc.,  purchased  the  general  and  limited   partnership
   interests in Adams McClure L.P.  The $16,694,000 purchase price for  this
   transaction  consisted  of  $1,250,000  in  cash,  $1,250,000  in   stock
   (138,599 shares of the Company's common stock) and assumption of  certain
   liabilities  of Adams McClure L.P. amounting to approximately $14,194,000
   which  includes $160,000 of accrued expenses.  The excess purchase  price
   over  the  fair  values  of net tangible assets acquired,  pending  final
   determination of certain acquired balances, was $3,002,000 and  is  being
   amortized to expense over a period of 15 years.

   On   November   15,  1999,  American  Forms  I  L.P.,  a  Texas   limited
   partnership,  the general partner of which is the Company, purchased  the
   production  equipment,  furniture and fixtures, name  and  operations  of
   American  Forms,  Inc.  In a separate transaction, the Company  purchased
   the  land  and building currently occupied by American Forms,  Inc.   The
   $2,123,000 purchase price of this transaction included a promissory  note
   to  pay  $525,000  over  the  next three years  and  $62,000  of  accrued
   expenses.   The  excess  purchase price  over  the  fair  values  of  net
   tangible   assets  acquired,  pending  final  determination  of   certain
   acquired balances, was $73,000 and is being amortized to expense  over  a
   period of 15 years.

   The   accompanying   consolidated  financial   statements   include   the
   operations  of  Adams McClure, L.P. and American Forms I L.P.  since  the
   date  of  acquisition.  The following table is prepared on  a  pro  forma
   basis as though only Adams McClure L.P. had been acquired as of March  1,
   1998,  after  including  the  estimated impact  of  adjustments  such  as
   amortization  of  goodwill and depreciation, interest  expense,  interest
   income,  and  related  tax  effects  (in  thousands,  except  per   share
   amounts):

         For the Nine Months Ended November 30,         1999       1998
         --------------------------------------         ----       ----

         Net Sales                                    $135,131   $129,944
         Net Earnings                                   11,436      9,353
         Earnings per share - basic and diluted           0.70       0.57

   The  pro forma results are not necessarily indicative of what would  have
   occurred  if  the  acquisition  had  been  in  effect  for  the   periods
   presented.   In  addition, they are not intended to be  a  projection  of
   future  results and do not reflect any synergies that might  be  achieved
   from combining the operations.


                                      7


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

Liquidity and Capital Resources
-------------------------------
     At November 30, 1999, the Company's financial position continues to be
strong.  Working capital decreased from $44,309,000 at February 28, 1999 to
$30,972,000  at  November 30,1999.  The decrease is due to the  $16,820,000
cash  requirement  for the acquisition of Adams McClure L.P.  and  American
Forms Inc.  The Company has $4,403,000 in cash and equivalents and $537,000
in  long-term  debt,  less current installments.  The  Company  expects  to
generate sufficient cash flow to more than cover its operating and  capital
requirements for the foreseeable future.

Results of Operations
---------------------
     Net sales for the three months and nine months ended November 30, 1999
increased 6.1% and 6.2% respectively from the corresponding periods in  the
prior  year.  The increase in the quarter was attributable to revenue  from
the  Company's  newly acquired businesses, with only modest increases  from
the  Company's  business form product segment.  Year to date  increases  in
revenue  were  primarily  the  result of increases  in  the  business  form
segment.   Gross  profit margins increased from 30.6% in the  three  months
ended  November  30, 1998 to 33.1% in the three months ended  November  30,
1999.   Gross  profit margin increased from 31.4% in the nine months  ended
November  30,  1998  to 31.9% in the nine months ended November  30,  1999.
Increases  in  gross margins in both reported periods is the  result  of  a
combination  of  lower  cost  of  raw  material  and  operating  efficiency
improvements.  The tool and die segment experienced a negative gross margin
for   the  first  quarter  ended  May  31,  1999.   Selling,  general   and
administrative  expenses for the three and nine months ended  November  30,
1999  increased 7.1% and 8.0%, respectively, compared to the  corresponding
period  in  the  prior  year.   This  increase  was  attributable  to   the
acquisition of the Houston, Texas business forms operating unit in November
1998  and to a pre-tax charge of $611,000 resulting from the impairment  of
intangible  assets relating to the Company's InstaColor product line  which
occurred  in  the  second  fiscal quarter.  Excluding  the  pre-tax  charge
related  to the impairment of the InstaColor product line, selling, general
and  administrative expenses for the nine months ended  November  30,  1999
increased  5.0%  compared to the corresponding period in  the  prior  year.
Investment and other income increased in the nine months ended November 30,
1999  for the same period in the prior year.  The increase in other  income
is  primarily the result of a pre-tax gain of $1,182,000 from the  sale  of
rental property in Boulder City, Nevada.  Earnings before income taxes  for
the  three  and  nine  months ended November 30, 1999 increased  22.2%  and
13.1%, respectively, from the corresponding periods in the prior year.  The
increase  in  net  earnings  resulted from increased  sales  and  the  gain
recognized for the sales of property netted with the charge from impairment
of  intangible assets relating to the InstaColor product line.   Basic  and
diluted earnings per share increased $0.04 and $0.08 respectively the three
and  nine months ended November 30, 1999 from the corresponding periods  in
the  prior  year.  The per share earnings were based upon three months  and
nine   months  weighted  average  shares  outstanding  of  16,287,986   and
16,267,266  respectively  for  the periods  ended  November  30,  1999  and
16,166,634  and  16,329,264  weighted average shares  outstanding  for  the
periods  ended  November 30, 1998.  The effective rate of the  Federal  and
state  income  tax expense was 37.5% and 36.8% for the three  months  ended
November 30, 1999 and November 30, 1998, respectively, and 37.1% and  36.8%
for nine months ended November 30, 1999 and November 30, 1998.


                                      8


Accounting Standards
--------------------
       Statement  of  Financial  Accounting  Standards  ("SFAS")  No.  133,
Accounting for Derivative and Hedging Activities, was issued in June  1998.
This   statement  establishes  accounting  and  reporting   standards   for
derivative  instruments, including certain derivative instruments  embedded
in  other  contracts, and for hedging activities.  This statement  will  be
effective  for the company beginning March 1, 2001.  It is not expected  to
have a material impact on our financial statements.

Year 2000 issues
----------------
     The Year 2000 may have a broad impact on the business environment in
which the Company operates due to the possibility that many computerized
systems across all industry lines will be unable to process information
containing dates beginning in the Year 2000.  In 1995, for reasons
unrelated to preparations for the Year 2000, the Company invested
approximately $3,000,000 in a project to replace substantially all of its
existing computer hardware and software.  One of the benefits of this
project was to bring a major portion of the Company's technology assets
into Year 2000 readiness.  Subsequent to the project mentioned above, the
Company has invested approximately $700,000 over the past three years in
technological hardware and software, all of which is Year 2000 ready.

     In addition to the investment described above, the Company has
surveyed all major suppliers of goods and services to determine their
readiness for Year 2000.  Also, the operating units have surveyed the
ancillary equipment used in their respective operations to ascertain the
equipment'' readiness for Year 2000.  The cost of performing these survey's
has been nominal.  No problems have been discovered at this time.

     The Company believes that substantially all of its internal technology
systems are prepared for Year 2000 at this time.  Contingency plans are in
place in the event that unexpected problems arise.  Any adverse
consequences to the Company as a result of lack of preparations for Year
2000 are expected to occur as a result of external forces.  To the extent
that it is possible to determine if any of the Company's suppliers of goods
and services are unprepared for Year 2000, changes in suppliers will be
made where possible.  The Company does not expect material disruptions as a
result of any controllable factors relating to preparations for Year 2000.

Forward looking statement
-------------------------
      Management's result 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 December 22, 1999.


                                      9


                        PART II.  OTHER INFORMATION



Item 5.   Other Information
---------------------------

      In order for proposals of shareholders to be considered for inclusion
in  the  proxy statement and form of Proxy for the 2000 Annual  Meeting  of
Shareholders,  such  proposals must be received by  the  Secretary  of  the
Company not less than 120 days in advance of May 21, 2000.

     The Company intends to exercise discretionary voting authority granted
under  any proxy that is executed and returned to the Company on any matter
which  may  properly come before the 2000 Annual Meeting  of  Shareholders,
unless  written  notice of the matter is delivered to the  Company  at  its
principal executive offices in DeSoto, Texas, addressed to the Secretary of
the Company, not later than April 4, 2000.

Item 6.   Exhibits and Reports on Form 8-K
------------------------------------------

      (a)  Exhibit
           Exhibit No. (27) Financial Data Schedule

      (b)  Reports on Form 8-K

           A Current Report on Form 8-K dated November 16, 1999  was filed,
           under  Item  5  of the form, with its  purchase agreement  among
           Adams McClure, Inc., NAF, Inc., Ennis Business Forms, Inc.,  and
           Ennis  Acquisitions, Inc.  dated November 4, 1999 and  its press
           releases dated November 4, 1999 and November 5, 1999  announcing
           the acquistion of Adams McClure, Inc. and planned acquisition of
           American Forms, Inc.


                                     10


                                   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 December 22, 1999          /s/Robert M. Halowec
     -----------------          --------------------
                                Robert M. Halowec
                                Vice President Finance
                                and Chief Financial Officer

Date December 22, 1999          /s/Harve Cathey
     -----------------          ---------------
                                Harve Cathey
                                Secretary and Treasurer
                                Principal Accounting Officer


                                     11