UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

FORM 10-Q

[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended July 2, 2000

OR

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________ to ________

Commission file number 1-1097

THE STANDARD REGISTER COMPANY

(Exact name of Registrant as specified in its charter)

|                                         | OHIO                | 31-0455440
|---------------------------------------- | ------------------- | ----------
|(State or other jurisdiction of          | (I.R.S. Employer   
|incorporation or organization)           | Identification No.)
|                                         |                    
|600 ALBANY STREET, DAYTON OHIO           | 45408              
|(Address of principal executive offices) | (Zip Code)         
|                                         |                    

|(937) 221-1000                                      
|----------------------------------------------------
|(Registrant's telephone number, including area code)

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 period 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 the each of the issuer's classes of common stock, as
of the latest practicable date.

|Class

---------------------------------------

Common stock, $1.00 par value

Class A stock, $1.00 par value |  | Outstanding as of July 31, 2000

--------------------------------------

22,653,054 shares

4,725,000 shares
|------------------------------------------------------------------------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------

THE STANDARD REGISTER COMPANY

FORM 10-Q

For the Quarter Ended July 2, 2000

INDEX

|                               | Page
|------------------------------ | ----
|Part I - Financial Information |     

| |                              | 
| | ---------------------------- | 
| | Item 1. Financial Statements | 

| |  |    |                                                          |    
| |  | -- | -------------------------------------------------------- | ---
| |  | a) | Statement of Income                                      |    
| |  |    | for the 13 Weeks Ended July 2, 2000 and July 4, 1999 and |    
| |  |    | for the 26 Weeks Ended July 2, 2000 and July 4, 1999     | 4  
| |  |    |                                                          |    
| |  | b) | Balance Sheet                                            |    
| |  |    | as of July 2, 2000 and July 4, 1999                      | 5-6
| |  |    |                                                          |    
| |  | c) | Statement of Cash Flows                                  |    
| |  |    | for the 26 Weeks Ended July 2, 2000 and July 4, 1999     | 7  
| |  |    |                                                          |    
| |  |    |                                                          |    

| | Item 2. Management's Discussion and Analysis of Financial Condition | 
| | ------------------------------------------------------------------- | 

| |  |  | and Results of Operations | 8-11
| |  |  | ------------------------- | ----
| |  |  |                           |     

| | Item 3. Quantitative and Qualitative Disclosure About Market Risk | 11
| | ----------------------------------------------------------------- | --

| |  |  |  | 
| |  |  |  | 
| |  |  |  | 

|Part II - Other Information | 
|--------------------------- | 

| |  |  |  | 
| |  |  |  | 

| | Item 1. Legal Proceedings                                   | 12   
| | ----------------------------------------------------------- | -----
| |                                                             |      
| | Item 2. Changes in Securities and Use of  Proceeds          | 12   
| |                                                             |      
| | Item 3. Defaults upon Senior Securities                     | 12   
| |                                                             |      
| | Item 4. Submission of Matters to a Vote of Security Holders | 12-13
| |                                                             |      
| | Item 5. Other Information                                   | 13   
| |                                                             |      
| | Item 6. Exhibits and Reports on Form 8-K                    | 13   
| |                                                             |      

|Signature | 14
|--------- | --

|THE STANDARD REGISTER COMPANY                   
|------------------------------------------------
|                                                
|STATEMENT OF INCOME                             
|(Dollars in thousands, except per share amounts)
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|TOTAL REVENUE                                   
|COSTS AND EXPENSES                              
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|INCOME BEFORE INCOME TAXES                      
|Income taxes                                    
|Income from continuing operations               
|Discontinued operations:                        
|(Loss), net of tax benefit                      
|Gain on disposal, net of tax                    
|NET INCOME                                      
|Average number of shares outstanding - basic    
|Average number of shares outstanding - diluted  
|                                                
|EARNINGS PER SHARE DATA - BASIC:                
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|EARNINGS PER SHARE DATA - DILUTED:              
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|Dividends paid per share                        

|THE STANDARD REGISTER COMPANY
|-----------------------------
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|BALANCE SHEET                
|(Dollars in thousands)       
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|A S S E T S                  
|CURRENT ASSETS               
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|PLANT AND EQUIPMENT          
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|OTHER ASSETS                 
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|THE STANDARD REGISTER COMPANY
|-----------------------------
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|BALANCE SHEET                
|(Dollars in thousands)       
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|CURRENT LIABILITIES          
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|LONG-TERM LIABILITIES        
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|SHAREHOLDERS' EQUITY         
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|THE STANDARD REGISTER COMPANY       
|------------------------------------
|STATEMENT OF CASH FLOWS             
|(Dollars in thousands)              
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|CASH FLOWS FROM OPERATING ACTIVITIES
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|CASH FLOWS FROM INVESTING ACTIVITIES
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|CASH FLOWS FROM FINANCING ACTIVITIES
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|NET (DECREASE) INCREASE  IN CASH AND
|                                    
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|CASH AND CASH EQUIVALENTS, ENDING   

THE STANDARD REGISTER COMPANY

FORM 10-Q

For the Quarter Ended July 2, 2000

PART I - FINANCIAL INFORMATION

ITEM 1. - FINANCIAL STATEMENTS

The financial statements of the Registrant included herein have been prepared without audit,
pursuant to the rules and regulations of the Securities and Exchange Commission.  Although
certain information normally included in financial statements prepared in accordance with
generally accepted accounting principles has been condensed or omitted, the Registrant believes
that the disclosures are adequate to make the information presented not misleading.  It is
suggested that these financial statements are read in conjunction with the financial statements
and notes thereto included in the Annual Report on Form 10-K of the Registrant for the year
ended January 2, 2000.

The financial statements included herein reflect all adjustments (consisting only of normal
recurring accruals) which, in the opinion of management, are necessary to present a fair
statement of the results for the interim periods.  The results for interim periods are not
necessarily indicative of trends or of results to be expected for a full year.

THE STANDARD REGISTER COMPANY

FORM 10-Q

For the Quarter Ended July 2, 2000

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS FROM OPERATIONS

Significant Events

On April 28, 2000, the Company announced the closing of its Toccoa, Georgia forms printing
plant. The plant's adjacent supply chain service center will remain in operation as Standard
Register increases utilization of the center's customer order entry and document design services.
Closing costs, other than severance, were included in the first quarter 2000 restructuring charge.

On May 1, 2000, Dennis L. Rediker, former chief executive officer of English China Clays plc
and a Standard Register Board member for five years was named chief executive officer,
effective June 2, 2000.  Mr. Rediker replaced Peter S. Redding who retired from the Company
and the Board of Directors.

On June 6, 2000, Standard Register launched SMARTworks.com, Inc.  SMARTworks.com, Inc.
provides the printing industry's first supplier-independent open platform for e-procurement and
integrated document management.  SMARTworks.com operates as an Application Service
Provider (ASP) of SMARTworks®, which it markets through its network of channel partners.
SMARTworks.com Inc. is a wholly-owned subsidiary of Standard Register.

Results of Operations

Net income for the second quarter ended July 2, 2000 was $10.4 million or $.38 per diluted
share, compared to net income of $15.9 million and $.56 per diluted share for the second quarter
1999.  On a continuing operations basis, excluding the Communicolor direct mail division that
was sold in the first quarter of 1999, the $.38 per diluted share result for the current quarter
compared to $.52 for the same quarter of 1999.

Net income through six months ended July 2, 2000 was $8.5 million or $.31 per diluted share,
compared to net income of $42.8 million and $1.50 per diluted share for the same period in 1999.

Excluding the restructuring charge taken in the first quarter of this year and discontinued
Communicolor operations, net income from continuing operations for the six months ended July
2, 2000 was $18.7 million, or $.68 per diluted share compared to $28.5 million, or $1.00 per
diluted share for the same period last year.

|$ Millions - Net Income    | Second Quarter |         | Six Months Y-T-D
|-------------------------- | -------------- | ------- | ----------------
|                           |                |         |                 
|Continuing Operations     
|Before Restructuring       | $10.4          | $14.8   | <$4.4>          
|Restructuring (net of tax) | -------        | ------- | ---------       
|Continuing Operations      | $10.4          | $14.8   | <$4.4>          
|Discontinued Operations   
|(Communicolor)             |                | ------- | 1.1

-------    
|Total Reported             |                | $10.4   | $15.9           

Two factors were primarily responsible for the $4.4 million reduction in net income from
continuing operations for the quarter: lower revenue in business forms and related services and
the new software initiative described in the third quarter 1999 report.  These unfavorable factors
were mitigated by growth in nontraditional product categories, such as pressure sensitive labels
and Imaging Services, and lower selling, administrative and R&D expense.

Revenue from continuing operations for the second quarter was $321.1 million, 4.3% below the
$335.6 million reported for the second quarter 1999.  Revenue by product is summarized below
with a comparison to the prior year.

|$ Millions                |               |               | Second Quarter |                | Six Months Y-T-D
|------------------------- | ------------- | ------------- | -------------- | -------------- | ----------------
|                          |               |               |                | 2000

-------- | 1999

--------  
|Business forms & services | $156.9        | $178.8        | <12.2%>        |                | $315.7          
|Stanfast                  | 50.6          | 48.8          | 3.7%           |                | 96.7            
|Labels                    | 45.9          | 44.4          | 3.4%           |                | 90.4            
|Equipment and Supplies    | 29.6          | 33.0          | <10.3%>        |                | 58.5            
|Imaging Services          |               | 29.8          | 23.8           | 25.2%          |                 
|Commercial Printing       | 7.6           | 6.2           | 22.6%          |                | 15.6            
|Interest Income & Other   | 0.7

-------- | 0.6

-------- | ----------     |                | 1.3

---------- 
|                          | Total Company | $321.1        | $335.6         | <4.3%>         | $635.3          

Sales of traditional business forms and related services were down 12.2% and 9.9% for the
quarter and year-to-date periods, respectively.  The factors that underlie the decline of traditional
forms include residual sales attrition related to the Uarco acquisition, impact of technology on
selected product segments, and cost reductions initiatives in the healthcare market.

Non-traditional products and services, which now account for approximately 50% of Standard
Register revenue, include pressure sensitive labels, [Stanfast] print on demand, document
systems, commercial printing, and [Imaging Services] print outsourcing and fulfillment.
Revenue from these non-traditional product categories, taken as a whole, was up 4.7% and 2.4%
for the quarter and year-to-date, respectively.  Equipment and Supplies revenue, although well
below 1999 levels which were fueled by Y2K replacement demand, showed an 8.4% increase
over the first quarter of this year. Excluding Equipment and Supplies, non-traditional revenue
grew 8.7% for both the quarter and year-to-date.

Total revenue in the second half of the year is expected to approximate that for the first half.

The reported gross margin from continuing operations decreased from 38.8% of revenue in the
second quarter 1999 to 38.4% in the current quarter. The slight decrease in gross margin
percentage is primarily attributed to the $14.5 million reduction in revenue identified above.  For
the first six months ended in 2000, gross margin from continuing operations decreased from
39.0% in 1999 to 38.3% in the current year.  As a result of rising paper prices, there was an
unfavorable LIFO inventory charge in the first quarter, 2000 of $2.1 million pretax. By
comparison, there was no adjustment in the prior year.  Adjusting for the non-operating LIFO

adjustment results in a year-to-year gross margin decrease of forty basis points in relation to
revenue.

Management expects paper costs to rise modestly during the second half of 2000 based on
relatively high mill operating rates.  Historically, the Company has been able to recover most, if
not all, of increases in paper costs and expects to continue to do so over the foreseeable future.
The current year LIFO charge may increase in the fourth quarter based on the anticipated paper
price increase discussed above.

Total selling, administrative, and R&D expenses were $.4 million lower than the second quarter
of 1999. Spending for the new software initiative that was outlined in the third quarter 1999
report in the amount of $3.8 million and increased investment in SMARTworks.com, Inc. of $.6
million was partially offset by a decrease of $1.9 million for Year 2000 (Y2K) spending in the
second quarter of 1999.  After adjusting for the new software initiative in 2000, investment in
SMARTworks(R), and Y2K expenses in 1999, total selling, administrative, and R&D expenses
were under the same period in 1999 by $2.9 million.  This reduction is primarily attributable to
cost reduction activities, lower Information Management cost as resources are dedicated to the
new software initiative, and lower revenue.

A Corporate Strategy Review, scheduled for completion by year-end 2000, has been undertaken.
The process will add $2 - $3 million of expense in the second half of  2000.

Total Selling, Administrative and R&D expenses are expected to be slightly higher in the second
half of the year due to increased spending for the launch of SMARTworks.com, Inc. and the
strategy project discussed above.  These additional expenses should be partially offset by
decreased spending in the software project versus the first half of the year.

Management plans to evaluate the Company's capacity utilization during the second half of the
year. This, coupled with the outcome of the strategy review, may result in additional
restructuring actions.

Liquidity and Capital Resources

The balance of Cash, Cash Equivalents, and Short-term Investments decreased $9 million during
the quarter to $53 million.  Long-term debt remained at $203 million.  Netting the $53 million of
cash against total long-term debt of $203 million produces a "net debt" to "total net capital" ratio
of 21.6%.

Capital expenditures were $ 21.6 million for the quarter.  The current outlook for the year calls
for capital spending in the $75 million to $80 million range.

THE STANDARD REGISTER COMPANY

FORM 10-Q

For the Quarter Ended July 2, 2000

The Company believes that its financial condition continues to be very strong and that the
combination of internally generated funds, existing cash reserves, and $100 million of available
credit under the revolving credit agreement will be sufficient to finance its operations over the
next year.

Forward-Looking Statements

This report includes forward-looking statements covered by the safe harbor provisions of The
Private Securities Litigation Reform Act of 1995.   These statements involve important
assumptions, risks, uncertainties and other factors that could cause the Company's actual results
for fiscal year 2000 and beyond to differ materially from those expressed in such forward-looking statements.  Factors that could cause materially different results include product demand
and market acceptance, the frequency and magnitude of raw material price changes, the effect of
economic conditions, competitive activities, and other risks described in the Company's filings
with The Securities and Exchange Commission.

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

There have been no material changes in market risk since the year ended January 2, 2000.

THE STANDARD REGISTER COMPANY

FORM 10-Q

For the Quarter Ended July 2, 2000

PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

There have been no material legal proceedings within the reporting period that the Company has
been involved with beyond those conducted in a normal course of business.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

The Company's Annual Meeting of Shareholders was held April 19, 2000.

Following is the result of voting by the Shareholders regarding fixing and determining the
number of Directors to be nine:

| |  | IN FAVOR

--------------

44,705,154 |  | OPPOSED

-------------

67,960 |  | ABSTAINED

-----------------

43,153
| |  | ------------------------------------ |  | ------------------------------ |  | ------------------------------------

As a result of voting of the Shareholders, the following were elected to the Company's Board of
Directors to hold office for the ensuing year:

| | NOMINEE

-------------- |  |            |            | IN FAVOR

-------------- |           | WITHHELD

----------------
| | ----------------------- |  | ---------- | ---------- | ------------------------ | --------- | --------------------------
| | Roy W. Begley, Jr.      |  |            | 44,693,502 |                          | 122,765  
| | F. David Clarke, III    |  |            | 44,649,754 |                          | 166,513  
| | Paul H. Granzow         |  |            | 44,702,226 |                          | 114,041  
| | Graeme G. Keeping       |  |            | 44,700,291 |                          | 115,976  
| | Peter S. Redding        |  |            | 44,648,493 |                          | 167,774  
| | Dennis L. Rediker       |  |            | 44,698,298 |                          | 117,969  
| | Ann Scavullo            |  |            | 44,700,565 |                          | 115,702  
| | John J. Schiff, Jr.     |  |            | 42,766,913 |                          | 2,049,354
| | John Q. Sherman, II     |  | 44,539,303 |            | 276,964                 

THE STANDARD REGISTER COMPANY

FORM 10-Q

For the Quarter Ended July 2, 2000

An amendment to the Code of Regulations to permit alternative methods of proxy voting and
shareholder communications and to allow such communication to be by mail, electronic,
facsimile or telephone means, or by such other means deemed necessary by the Board of
Directors to be sufficiently secure and reliable, was approved as a result of the following vote:

| |  | IN FAVOR

--------------

44,650,014 |  | OPPOSED

--------------

50,066 |  | ABSTAINED

-----------------

116,187
| |  | ------------------------------------ |  | ------------------------------- |  | -------------------------------------
| |  |                                      | 

Following is the result of voting by the Shareholders regarding selection of Battelle & Battelle
LLP as the Company's Auditors for the year 2000:

| |  | IN FAVOR

--------------

44,707,976 |  | OPPOSED

-------------

74,461 |  | ABSTAINED

-----------------

33,830
| |  | ------------------------------------ |  | ------------------------------ |  | ------------------------------------
| |  |                                      | 

ITEM 5.  OTHER INFORMATION

None.

ITEM 6 - EXHIBITS AND REPORTS ON FORM 8K

a)  Exhibits pursuant to Item 601 of Regulation S-K

| | Exhibit 27 | Financial Data Schedule (filed only electronically with the SEC)
| | ---------- | ----------------------------------------------------------------

b) Reports on Form 8K

| | Form 8K was not filed within the reporting period.
| | --------------------------------------------------

THE STANDARD REGISTER COMPANY

FORM 10-Q

For the Quarter Ended July 2, 2000

SIGNATURE

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.

August 15, 2000

|/S/ C. J. Brown | By C. J. Brown, Sr. Vice President-Administration, Treasurer                                         
|--------------- | -----------------------------------------------------------------------------------------------------
|                | and Chief Financial Officer

(Chief Accounting Officer and Duly Authorized Officer of the
Registrant)