19

                                 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              AUGUST 31, 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 August 31, 1999
---------------------------------------   ------------------------------
Common stock, par value $2.50 per share                16,253,410


                        ENNIS BUSINESS FORMS, INC.

                                   INDEX



Part I.   Financial Information - unaudited

   Condensed Consolidated Balance Sheets --
     August 31, 1999 and February 28, 1999                2

   Condensed Consolidated Statements of Earnings --
     Three and Six Months Ended August 31,1999
     and 1998                                             3

   Condensed Consolidated Statements of Cash
     Flows --Six Months Ended August 31, 1999
     and 1998                                             4

   Notes to Condensed Consolidated Financial
     Statements                                       5 - 6

   Management's Discussion and Analysis of
     Financial Condition and Results of
     Operations                                       7 - 8


Part II. Other Information                                9


                      PART I.  FINANCIAL INFORMATION

                        ENNIS BUSINESS FORMS, INC.
                   CONDENSED CONSOLIDATED BALANCE SHEETS
                          (Dollars in Thousands)
                                (Unaudited)
                                                  August 31,  February 28,
                                                     1999          1999
                                                  ----------   -----------
                                  Assets

Current assets:
  Cash and equivalents                             $ 28,485      20,691
  Accounts receivable, net                           21,930      18,720
  Inventories                                         6,799       8,533
  Other current assets                                3,175       4,732
                                                   --------     -------

          Total current assets                       60,389      52,676
                                                   --------     -------

Property, plant and equipment, net                   32,051      33,911

Cost of purchased businesses in excess of amounts
  allocated to tangible net assets                    5,266       5,731

Other assets and deferred charges                       832       2,017
                                                   --------     -------

          Total assets                             $ 98,538      94,335
                                                   ========     =======

                   Liabilities and Shareholders' Equity

Current liabilities:
  Current installments of long-term debt           $    273         199
  Accounts payable                                    3,441       4,107
  Accrued expenses                                    6,426       4,061
                                                   --------     --------

       Total current liabilities                     10,140       8,367
                                                   --------     --------

Long-term debt, less current installments               217           7

Deferred credits, principally Federal income taxes    2,583       2,462

Shareholders' equity:
  Common stock, at par value                         53,125      53,125
  Additional capital                                  1,040       1,040
  Retained earnings                                 124,407     122,307
                                                   --------     -------
                                                    178,572     176,472
  Less:
     Treasury stock                                  92,974      92,973
                                                   --------     -------
       Total shareholders' equity                    85,598      83,499
                                                   --------     -------

     Total liabilities and shareholders' equity    $ 98,538      94,335
                                                   ========     =======

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       Six Months Ended
                                      August 31,             August 31,
                                 -------------------     -----------------

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

Net sales                       $38,160     36,904     $77,823     73,238
                                -------     ------     -------     ------

Costs and expenses:
  Cost of sales                  25,752     25,109      53,427     49,921
  Selling, general and
     Administrative expenses      7,703      6,846      14,725     13,587
                                 ------     ------     -------     ------


                                 33,455     31,955      68,152     63,508
                                -------     ------     -------     ------

Earnings from operations          4,705      4,949       9,671      9,730

Investment and other income       1,420        350       1,629        675
                                -------     ------     -------     ------

Earnings before income taxes      6,125      5,299      11,300     10,405

Provision for income taxes        2,220      1,948       4,161      3,822
                                -------     ------     -------     ------

Net earnings                    $ 3,905      3,351     $ 7,139      6,583
                                =======     ======     =======     ======

Weighted average number of common
 shares outstanding          16,253,436 16,362,685  16,253,447 16,394,828
                             ========== ==========  ========== ==========

Per share amounts:
  Net earnings per basic and diluted
     share of common stock        $ .24        .20        $.44        .40
                                  =====        ===        ====        ===

  Cash dividends                  $.155       .155        $.31        .31
                                  =====       ====        ====        ===





See accompanying notes to condensed consolidated financial statements.


                        ENNIS BUSINESS FORMS, INC.

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


                                                        Six Months Ended
                                                          August 31,

                                                       1999       1998
                                                       ----       ----

Cash flows from operating activities:
  Net earnings                                       $ 7,139      6,583
  Adjustments to reconcile net income to
   net cash provided by operating activities:
     Depreciation and amortization                     3,384      2,672
     (Gain) loss on the sale of property, plant
         and equipment                                (1,195)       (19)
     Loss on impairment of long-lived assets             611         --
     Changes in operating assets and liabilities       1,207      3,037
     Other                                               850        747
                                                     -------     ------
       Net cash provided by operating activities      11,996     13,020
                                                     -------     ------

Cash flows from investing activities:
  Capital expenditures                                (1,441)    (2,012)
  Proceeds from disposal of property                   1,962        661
                                                     -------     -------

       Net cash (used in) provided by investing
           activities                                    521     (1,351)
                                                     -------     ------
-

Cash flows from financing activities:
  Purchase of treasury shares                             (1)    (3,300)
  Dividends declared                                  (5,039)    (5,096)
  Other                                                  317        (49)
                                                     -------     ------

       Net cash used in financing activities          (4,723)    (8,445)
                                                     -------    -------

Net change in cash and equivalents                     7,794      3,224

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

Cash and equivalents at end of period                $28,485     25,924
                                                     =======     ======








See accompanying notes to condensed consolidated financial statements.


                        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 August 31, 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  August  31, 1999, the Company has reserved 1,122,712  shares  of
   common stock under incentive stock option plans.

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):

                               August 31,    February 28,
                                  1999          1999

          Raw material           $3,882         4,734
          Work-in-process           773           951
          Finished goods          2,144         2,848
                                 ------         -----

                                 $6,799         8,533
                                 ======         =====

4. Comprehensive Income
   --------------------
   The  Company adopted the provisions of Statement of Financial Accounting
   Standards  No.  130 (SFAS 130), Reporting Comprehensive Income,  in  the
   first  quarter  of  fiscal 1999, which requires  companies  to  disclose
   comprehensive   income  separate  from  net  income   from   operations.
   Comprehensive income is defined as the change in equity during a  period
   from  transactions and other events and circumstances from non-ownership
   sources.   It  includes all changes in equity during  a  period,  except
   those  resulting from investments by owners and distributions to owners.
   The  adoption of this statement had no significant effect on the Company
   for  the  three  months and six months ended August 31,  1999  or  1998.
   Comprehensive income and net income are substantially the same.



5. Segment Data
   ------------
   Segment data for the three months and six months ended August 31, 1999
and 1998 were as follows (in thousands):

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

Three months ended August 31, 1999:
  Net Sales                               $36,999      $1,161    $38,160
  Depreciation and amortization             1,945          52      1,997
  Segment earnings before income tax        6,078          47      6,125
  Segment Assets                           91,973       6,565     98,538
  Capital Expenditures                        893          47        940

Three months ended August 31, 1998:
  Net Sales                               $35,458      $1,446    $36,904
  Depreciation and amortization             1,251          65      1,316
  Segment earnings before income tax       10,144         261     10,405
  Segment Assets                           88,145       4,880     93,025
  Capital Expenditures                      1,399          42      1,441

Six months ended August 31, 1999:
  Net Sales                               $75,089      $2,734    $77,823
  Depreciation and amortization             3,274         110      3,384
  Segment earnings before income tax       11,513       (213)     11,300
  Segment Assets                           91,973       6,565     98,538
  Capital Expenditures                      1,394          47      1,441

Six months ended August 31, 1998:
  Net Sales                               $70,655      $2,583    $73,238
  Depreciation and amortization             2,536         136      2,672
  Segment earnings before income tax       10,193         212     10,405
  Segment Assets                           88,145       4,880     93,025
  Capital Expenditures                      1,849         163      2,012



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  six months ended August 31,  1999  and  1998,  the
Company has reported its smaller operating segment separately.



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

Liquidity and Capital Resources
-------------------------------
      At August 31, 1999, the Company's financial position continues to  be
strong.  Working capital increased from $44,309,000 at February 28, 1999 to
$50,249,000  at  August 31,1999.  The increase is due to cash  provided  by
operating  activities and the sale of a facility in Boulder  City,  Nevada.
The  Company has $28,485,000 in cash and equivalents and $217,000, in long-
term debt, less current installments.

Results of Operations
---------------------
      Net  sales for the three months and six months ended August 31,  1999
increased 3.4% and 6.3% respectively form the corresponding periods in  the
prior  year.   The sales increase for the three months and  six  months  is
attributable to overall growth mainly in the Company's business  forms  and
printed products segment.  Gross profit margins increased from 32.0% in the
three months August 31, 1998 to 32.5% in the three months ended August  31,
1999.   Gross  profit margin decreased from 31.8% in the six  months  ended
August 31, 1998 to 31.3% in the six months ended August 31, 1999.  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  six  months  ended August 31, 1999  increased  12.5%  and  8.4%
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.  Excluding the pre-tax charge related to
the  impairment  of  the  InstaColor product  line,  selling,  general  and
administrative expenses for the three and six months ended August 31,  1999
increased 3.6% and 3.9% respectively compared to the corresponding  periods
in  the prior year.  Investment and other income increased in the three and
six  months  ended August 31, 1999 for the same periods 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 six months ended August  31,
1999  increased 15.6% and 8.6% 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  for
both  the  three  and  six month periods ended August  31,  1999  from  the
corresponding periods in the prior year.  The per share earnings were based
upon  three  months and six months weighted average shares  outstanding  of
16,253,436  and  16,253,447 respectively at August 31, 1999 and  16,362,685
and 16,394,828 weighted average shares outstanding at August 31, 1998.  The
effective  rate of the Federal and state income tax expense was  36.2%  and
36.8%  for  the  three months ended August 31, 1999 and  August  31,  1998,
respectively, and 36.8% and 36.7% for six months ended August 31, 1999  and
August 31, 1998.

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.  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 September 23, 1999.




                        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
           None



                                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 September 23, 1999         /s/Robert M. Halowec
     ------------------         --------------------
                                Robert M. Halowec
                                Vice President Finance
                                and Chief Financial Officer



Date September 23, 1999         /s/Harve Cathey
    ------------------          ---------------
                                Harve Cathey
                                Secretary and Treasurer
                                Principal Accounting Officer