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 April 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                          |  | Outstanding as of May 1, 2000
|------------------------------ |  | -----------------------------
|Common stock, $1.00 par value  |  | 22,637,589 shares            
|Class A stock, $1.00 par value |  | 4,725,000 shares             

THE STANDARD REGISTER COMPANY

FORM 10-Q

For the Quarter Ended April 2, 2000

INDEX

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

| |                              |  
| | ---------------------------- | -
| | Item 1. Financial Statements | 3

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

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

| |  |  | and Results of Operations | 8-10
| |  |  | ------------------------- | ----
| |  |  |                           |     

| | Item 3. Quantitative and Qualitative Disclosure About Market Risk | 10
| | ----------------------------------------------------------------- | --

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

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

| |  |  |  | 
| |  |  |  | 

| | Item 1. Legal Proceedings                                   | 11
| | ----------------------------------------------------------- | --
| |                                                             |   
| | Item 2. Changes in Securities and Use of  Proceeds          | 11
| |                                                             |   
| | Item 3. Defaults upon Senior Securities                     | 11
| |                                                             |   
| | Item 4. Submission of Matters to a Vote of Security Holders | 11
| |                                                             |   
| | Item 5. Other Information                                   | 11
| |                                                             |   
| | Item 6. Exhibits and Reports on Form 8-K                    | 11
| |                                                             |   

|Signature | 12
|--------- | --

THE STANDARD REGISTER COMPANY

FORM 10-Q

For the Quarter Ended April 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                    |  |  |  |  |                |  |          
|------------------------------------------------ |  |  |  |  | -------------- |  | ---------
|                                                 |  |  |  |  |                |  |          
|STATEMENT OF INCOME                              |  |  |  |  |                |  |          
|(Dollars in thousands, except per share amounts) |  |  |  |  |                |  |          
|                                                 |  |  |  |  |                |  |          
|                                                 |  |  |  |  |                |  |          
|                                                 |  |  |  |  | First Quarter 
|                                                 |  |  |  |  | 13 Weeks Ended
|                                                 |  |  |  |  | Apr. 2         |  | Apr. 4   
|                                                 |  |  |  |  | 2000           |  | 1999     
|                                                 |  |  |  |  |                |  |          
|TOTAL REVENUE                                    |  |  |  |  | $314,241       |  | $326,986 
|                                                 |  |  |  |  |                |  |          
|COSTS AND EXPENSES                               |  |  |  |  |                |  |          
|Cost of products sold                            |  |  |  |  | 194,083        |  | 198,891  
|Engineering and research                         |  |  |  |  | 2,439          |  | 1,960    
|Selling and administrative                       |  |  |  |  | 86,253         |  | 87,309   
|Depreciation and amortization                    |  |  |  |  | 14,332         |  | 12,212   
|Interest                                         |  |  |  |  | 3,145          |  | 3,484    
|Restructuring                                    |  |  |  |  | 17,200         |  | -        
|Total costs and expenses                         |  |  |  |  | 317,452        |  | 303,856  
|                                                 |  |  |  |  |                |  |          
|(LOSS) INCOME BEFORE INCOME TAXES                |  |  |  |  | (3,211)        |  | 23,130   
|Income taxes (benefit)                           |  |  |  |  | (1,296)        |  | 9,426    
|                                                 |  |  |  |  |                |  |          
|(Loss) Income from continuing operations         |  |  |  |  | (1,915)        |  | 13,704   
|                                                 |  |  |  |  |                |  |          
|Discontinued operations:                         |  |  |  |  |                |  |          
|(Loss), net of tax benefit                       |  |  |  |  | 0              |  | (509)    
|Gain on disposal, net of tax                     |  |  |  |  | 0              |  | 13,759   
|                                                 |  |  |  |  |                |  |          
|NET (LOSS) INCOME                                |  |  |  |  | $  (1,915)     |  | $  26,954
|                                                 |  |  |  |  |                |  |          
|                                                 |  |  |  |  |                |  |          
|Average number of shares outstanding - basic     |  |  |  |  | 27,349         |  | 28,392   
|Average number of shares outstanding - diluted   |  |  |  |  | 27,349         |  | 28,567   
|                                                 |  |  |  |  |                |  |          
|EARNINGS PER SHARE DATA - BASIC                  |  |  |  |  |                |  |          
|(Loss) Income from continuing operations         |  |  |  |  | ($0.07)        |  | $0.48    
|Discontinued operations                          |  |  |  |  | $0.00          |  | ($0.02)  
|Gain on disposal                                 |  |  |  |  | $0.00          |  | $0.49    
|Net (loss) income                                |  |  |  |  | ($0.07)        |  | $0.95    
|                                                 |  |  |  |  |                |  |          
|EARNINGS PER SHARE DATA - DILUTED                |  |  |  |  |                |  |          
|(Loss) Income from continuing operations         |  |  |  |  | ($0.07)        |  | $0.48    
|Discontinued operations                          |  |  |  |  | $0.00          |  | ($0.02)  
|Gain on disposal                                 |  |  |  |  | $0.00          |  | $0.48    
|Net (loss) income                                |  |  |  |  | ($0.07)        |  | $0.94    
|                                                 |  |  |  |  |                |  |          
|Dividends paid per share                         |  |  |  |  | $0.23          |  | $0.22    

|THE STANDARD REGISTER COMPANY |             |  |            
|----------------------------- | ----------- |  | -----------
|                              |             |  |            
|BALANCE SHEET                 |             |  |            
|(Dollars in thousands)        |             |  |            
|                              |             |  |            
|                              |             |  |            
|                              | Apr. 2      |  | Jan. 2     
|A S S E T S                   | 2000        |  | 2000       
|                              |             |  |            
|CURRENT ASSETS                |             |  |            
|Cash and cash equivalents     | $    62,021 |  | $    56,957
|Trading securities            | 380         |  | 380        
|Accounts receivable           | 244,294     |  | 265,482    
|Allowance for losses          | (10,847)    |  | (3,477)    
|Inventories                   |             |  |            
|Finished products             | 112,579     |  | 101,717    
|Jobs in process               | 16,082      |  | 18,321     
|Materials and supplies        | 12,311      |  | 11,716     
|Prepaid income taxes          | 3,488       |  | 1,448      
|Deferred income taxes         | 13,720      |  | 13,720     
|Prepaid expense               | 11,807      |  | 11,316     
|Total current assets          | 465,835     |  | 477,580    
|                              |             |  |            
|PLANT AND EQUIPMENT           |             |  |            
|Buildings and improvements    | 89,777      |  | 89,528     
|Machinery and equipment       | 254,365     |  | 242,641    
|Office equipment              | 100,902     |  | 100,614    
|Total                         | 445,044     |  | 432,783    
|Less accumulated depreciation | 172,219     |  | 161,849    
|Depreciated cost              | 272,825     |  | 270,934    
|Construction in process       | 54,903      |  | 46,966     
|Land                          | 10,243      |  | 10,243     
|Total plant and equipment     | 337,971     |  | 328,143    
|                              |             |  |            
|OTHER ASSETS                  |             |  |            
|Goodwill                      | 51,137      |  | 52,140     
|Prepaid pension expense       | 91,322      |  | 88,111     
|Other                         | 18,457      |  | 15,665     
|Total other assets            | 160,916     |  | 155,916    
|                              |             |  |            
|Total assets                  | $  964,722  |  | $  961,639 



|THE STANDARD REGISTER COMPANY               |                       |  |                      
|------------------------------------------- | --------------------- |  | ---------------------
|                                            |                       |  |                      
|BALANCE SHEET                               |                       |  |                      
|(Dollars in thousands)                      |                       |  |                      
|                                            |                       |  |                      
|                                            |                       |  |                      
|                                            | Apr. 2                |  | Jan. 2               
|LIABILITIES AND SHAREHOLDERS' EQUITY        | 2000                  |  | 2000                 
|                                            |                       |  |                      
|CURRENT LIABILITIES                         |                       |  |                      
|Current portion of long-term debt           | $         590         |  | $           -        
|Accounts payable                            | 32,380                |  | 38,356               
|Dividends payable                           | -                     |  | 6,302                
|Accrued compensation                        | 41,720                |  | 38,672               
|Accrued other expense                       | 8,761                 |  | 11,450               
|Accrued taxes, except income                | 5,241                 |  | 7,452                
|Customer deposits                           | 263                   |  | 263                  
|Deferred service contract income            | 8,114                 |  | 7,892                
|Accrued restructuring                       | 20,517                |  | 3,550                
|Total current liabilities                   | 117,586               |  | 113,937              
|                                            |                       |  |                      
|LONG-TERM LIABILITIES                       |                       |  |                      
|Long-term debt                              | 202,930               |  | 203,520              
|Deferred compensation                       | 9,314                 |  | 7,709                
|Retiree healthcare                          | 54,164                |  | 54,164               
|Deferred income taxes                       | 40,578                |  | 40,578               
|Total long-term liabilities                 | 306,986               |  | 305,971              
|                                            |                       |  |                      
|SHAREHOLDERS' EQUITY                        |                       |  |                      
|Common stock, $1.00 par value               |                       |  |                      
|24,482,724 shares issued                    | 24,483                |  |                      
|24,467,544 shares issued                    |                       |  | 24,468               
|Class A stock, $1.00 par value              |                       |  |                      
|4,725,00 shares issued                      | 4,725                 |  | 4,725                
|Capital in excess of par value              | 35,580                |  | 35,669               
|Accumulated other comprehensive losses      | (417)                 |  | (417)                
|Retained earnings                           | 523,922               |  | 525,835              
|Treasury stock, at cost                     |                       |  |                      
|1,748,058 shares                            | (45,363)              |  |                      
|1,793,395 shares                            |                       |  | (46,540)             
|Common stock held in grantor trust, at cost |                       |  |                      
|99,957 shares                               | (2,780)               |  |                      
|59,697 shares                               |                       |  | (2,009)              
|Total shareholders' equity                  | 540,150               |  | 541,731              
|                                            |                       |  |                      
|Total liabilities and shareholders' equity  | $  964,722

========= |  | $  961,639

=========

|THE STANDARD REGISTER COMPANY                                               |                |  |            
|--------------------------------------------------------------------------- | -------------- |  | -----------
|                                                                            |                |  |            
|STATEMENT OF CASH FLOWS                                                     |                |  |            
|(Dollars in thousands)                                                      |                |  |            
|                                                                            | First Quarter 
|                                                                            | 13 Weeks Ended
|                                                                            | Apr. 2         |  | Apr. 4     
|                                                                            | 2000           |  | 1999       
|CASH FLOWS FROM OPERATING ACTIVITIES                                        |                |  |            
|Net (loss) income                                                           | $    (1,915)   |  | $    26,954
|                                                                            |                |  |            
|Add items not affecting cash:                                               |                |  |            
|Depreciation and amortization                                               | 14,332         |  | 14,819     
|Gain on sale of plant assets                                                | (1,582)        |  | (23,109)   
|Net change to deferred income taxes                                         | -              |  | (9,413)    
|Net change to deferred compensation                                         | 1,713          |  | 2,119      
|                                                                            |                |  |            
|Increase/(decrease) in cash arising from changes in assets and liabilities: |                |  |            
|Accounts receivable                                                         | 28,558         |  | 10,281     
|Deferred accounts receivable                                                | -              |  | 631        
|Inventories                                                                 | (9,218)        |  | (3,505)    
|Prepaid income taxes                                                        | (2,040)        |  |            
|Other assets                                                                | (3,246)        |  | (8,186)    
|Prepaid pension                                                             | (3,211)        |  | 487        
|Accounts payable and accrued expenses                                       | (7,828)        |  | (20,881)   
|Accrued restructuring expenses                                              | 16,967         |  | 4,442      
|Income taxes payable                                                        |                |  | 25,841     
|Customer deposits                                                           | -              |  | (2,915)    
|Deferred service income                                                     | 222            |  | 1,505      
|Net adjustments                                                             | 34,667         |  | (7,884)    
|Net cash provided by operating activities                                   | 32,752         |  | 19,070     
|                                                                            |                |  |            
|CASH FLOWS FROM INVESTING ACTIVITIES                                        |                |  |            
|Proceeds from sale of plant assets                                          | 86             |  | 98,021     
|Additions to plant and equipment                                            | (21,698)       |  | (19,298)   
|Acquisition                                                                 | -              |  | (10,414)   
|Investment in F3/Keyfile Corporation                                        | -              |  | (58)       
|Net cash (used in) provided by  investing activities                        | (21,612)       |  | 68,251     
|                                                                            |                |  |            
|CASH FLOWS FROM FINANCING ACTIVITIES                                        |                |  |            
|Payments on long-term debt                                                  | -              |  | (525)      
|Proceeds from issuance of common stock                                      | 224            |  | 459        
|Redemption of common stock                                                  | -              |  | (3,825)    
|Dividends paid                                                              | (6,300)        |  | (6,254)    
|Net cash used in provided by financing activities                           | (6,076)        |  | (10,145)   
|                                                                            |                |  |            
|NET INCREASE IN CASH AND                                                    |                |  |            
|CASH EQUIVALENTS                                                            | 5,064          |  | 77,176     
|                                                                            |                |  |            
|Cash and cash equivalents, beginning                                        | 56,957         |  | 9,792      
|                                                                            |                |  |            
|CASH AND CASH EQUIVALENTS, ENDING                                           | $    62,021    |  | $    86,968

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

AND RESULTS FROM OPERATIONS

Significant Events

On February 17, 2000, the Company announced the closing of its Corning, Iowa forms printing
plant and the phasing out of its Dayton, Ohio production of certain forms handling equipment
products.  Also announced was the consolidation of field sales management and an enhanced early
retirement option to a number of its Dayton, Ohio corporate headquarters employees. On April 28,
2000, the company announced the immediate closing of its Toccoa, Georgia forms printing plant
and consolidation of operations with plants nationwide.  The plant's adjacent supply chain service
center will remain in operation as Standard Register increases utilization of the center's state-of-the-art customer order entry and document design services. These actions resulted in a pre-tax charge of
$17.2 million, or $.37 per diluted share after tax.  The $17.2 million consisted of asset write-downs
and cash closing costs.  Annual savings will recover the cash closing costs in approximately one
year.

Results of Operations

Net loss for the first quarter ended April 2, 2000 was $1.9 million or $.07 per diluted share,
compared to net income of $27.0 million and $.94 per diluted share for the first quarter 1999.

Excluding restructuring and discontinued operations, net income from continuing operations was
$8.3 million, or $.31 per diluted share compared to $13.7 million, or $.48 per diluted share for the
same period last year.

|$ Millions                                 |        |       |         |        |         | First Quarter Net Income(Loss)
|------------------------------------------ | ------ | ----- | ------- | ------ | ------- | ------------------------------
|                                           |        |       |         |        |         |                               
|Continuing Operations before Restructuring | $  8.3 | $13.7 | <$ 5.4>
|Restructuring (net of tax)                 |        |       |         | <10.2> |         |                               
|Discontinued Operations (Communicolor)     |        |       |         | 13.3   | < 13.3>
|Total Reported                             |        |       |         |        | <$1.9>  | $27.0                         

Three factors were primarily responsible for the $5.4 million reduction in net income from
continuing operations: lower revenue in three product categories, LIFO inventory adjustment, and
the new software initiative described in the third quarter 1999 10Q report.  These unfavorable
factors were mitigated by growth in nontraditional product categories, such as pressure sensitive
labels and Imaging Services, and lower selling, administration, and engineering costs.

Revenue from continuing operations for the first quarter was $314.2 million, 3.9% below the $327.0
million reported for the first quarter 1999.  Product results from continuing operations for the
Company are summarized below with a comparison to the prior year.

|$ Millions                |        |        |       |        |        | First Quarter
|------------------------- | ------ | ------ | ----- | ------ | ------ | -------------
|                          |        |        |       |        |        |              
|Business Forms & Services | $158.8 | $171.7 | -7.5%
|Stanfast                  |        |        |       |        |        | 46.1         
|Labels                    |        |        |       | 44.5   | 41.0   | 8.5%         
|Equipment and Supplies    |        |        |       | 28.9   | 39.4   | -26.6%       
|Imaging Services          |        |        |       |        | 27.3   | 23.4         
|Commercial Printing       |        | 8.0    | 3.5   | 128.6%
|Interest Income & Other   |        |        |       | 0.6    | 0.2    |              
|Total Company             |        |        |       |        | $314.2 | $327.0       

Sales of traditional business forms and related services were down 7.5% for the quarter.  This is
generally in line with the overall industry trend of decline or slow growth in traditional forms
products and faster growth in other print related products and services.  Non-traditional products
and services, which now account for approximately 49% 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 flat for the quarter.  The uncharacteristic decline in Equipment and
Supplies revenue primarily reflects a delay in realizing anticipated large one-time sales. Revenue
from the non-traditional products and services excluding the Equipment and Supplies was up 9.1%.

The reported gross margin from continuing operations decreased from 39.2% of revenue in the first
quarter 1999 to 38.2% in the current quarter.  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's first quarter.  Adjusting for the non-operating LIFO
adjustments in the first quarter 2000, results in a quarter-to-quarter slight gross margin decrease  of
twenty basis points in relation to revenue.  Management believes it has realized sufficient overall
increases in the selling prices of its forms to recover the higher paper prices experienced thus far in
2000.  The slight decrease in gross margin percentage can be attributed to the overall reduction in
revenue identified above.

Management expects paper costs to continue to rise modestly during the rest of 2000 based on
strong demand and 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.

Total selling, administrative, and R&D expenses were $.6 million lower than the same period in
1999.  In comparison to the first quarter of 1999, the total of these operating expenses was 90 basis
points higher in relation to revenue 28.2% this year compared to 27.3% for 1999.  This increase is
primarily attributable to spending for the new software initiative that was outlined in the third
quarter 1999 10Q report in the amount of $3.3 million, partially offset by a decrease of $1.8 million
for Year 2000 spending in the first quarter of 1999.  After adjusting for the new software initiative
in 2000 and Year 2000 expenses in 1999, total selling, administrative, and R&D expenses were
under the same period in 1999 by $2.1 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.

Liquidity and Capital Resources

The balance of Cash, Cash Equivalents, and Short-term Investments increased $5 million during the
quarter to $62 million.  Netting the $62 million of cash against total long-term debt of $203 million
produces a "net debt" to "total net capital" ratio of 20.7%.

Capital expenditures were $ 21.7 million for the quarter.  The current outlook for the year calls for
capital spending in the $75 million to $80 million range, including an estimated $25 million for the
new software initiative.

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.

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

None

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.

SIGNATURE

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

May 15, 2000

|/S/ C. J. Brown

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