UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, D. C.  20549
               -----------------------------------

                            FORM 10-K

    [X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934
        For the fiscal year ended      February 29, 2004
                                  -------------------------------
                               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     1-5807
                                           -------------

                    ENNIS BUSINESS FORMS, INC.
-----------------------------------------------------------------
     (Exact name of registrant as specified in its charter)
        Texas                                 75-0256410
-------------------------------      ----------------------------
(State or other jurisdiction of              (IRS Employer
 incorporation or organization)            Identification No.)

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

Registrant's telephone number,
including area code                            (972) 228-7801
                                              -------------------

Securities registered pursuant to Section 12(b) of the Act:


                                         Name of each exchange
Title of each class                       on which registered
-------------------------          ------------------------------
Common Stock,
par value $2.50 per share               New York Stock Exchange
--------------------------         ------------------------------

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  by  check  mark  if  disclosure  of  delinquent  filers
pursuant  to Item 405 of Regulation S-K is not contained  herein,
and will not be contained, to the best of registrant's knowledge,
in  definitive  proxy or information statements  incorporated  by
reference in Part III of this Form 10-K or any amendment to  this
Form 10-K.                                                    [X]

Indicate  by  check mark whether the registrant is an accelerated
filer (as defined in Rule 12b-2 of the Act).
                                               Yes  X     No
                                                   ----      ----

The  number of shares of the registrant's Common Stock, par value
$2.50, outstanding at April 15, 2004 was 16,393,157.

The aggregate market value of voting stock held by non-affiliates
of  the  registrant as of April 15, 2004 (16,157,832 shares)  was
$261,918,457.

DOCUMENTS INCORPORATED BY REFERENCE:
Portions of 2004 Annual Report to Shareholders - Incorporated in
Parts I & II
Portions of Proxy Statement to be dated May 17, 2004 -
Incorporated in Part III

<PAGE>
               SECURITIES AND EXCHANGE COMMISSION

                            FORM 10-K

                             PART I
                             ------

Item 1.   Business.
-------   ---------

    Ennis Business Forms, Inc. was organized under the laws of
Texas in 1909.  Ennis Business Forms, Inc. and its subsidiaries
(collectively "Ennis" or the "Company") operate in three business
segments.  The Forms Solutions Group is primarily in the business
of manufacturing and selling business forms and other printed
business products.  The Promotional Solutions Group is primarily
in the business of design, production and distribution of printed
and electronic media, presentation products, flexographic
printing, advertising specialties and Post-it (registered
trademark) Notes.  The Financial Solutions Group designs,
manufactures and markets printed forms and specializes in
internal bank forms, secure and negotiable documents and custom
products.  Additional information concerning the segments is
incorporated herein by reference to page 37 of the Company's 2004
Annual Report to Shareholders which is attached as Exhibit (13)
hereto.

    Approximately 97% of the business products manufactured by
Ennis are custom and semi-custom, constructed in a wide variety
of sizes, colors, number of parts and quantities on an individual
job basis depending upon the customers' specifications.  Ennis
operates thirty manufacturing locations in twelve strategically
located states providing the Ennis dealer a national network for
meeting users' demands for hand or machine written records and
documents.  For the year ended February 29, 2004 the sale of
business products represents approximately 88% of consolidated
net sales.

    While it is not possible, because of the lack of adequate
statistical information, to determine Ennis' share of the total
business products market, management believes Ennis is one of the
largest producers of business forms in the United States
distributing primarily through independent dealers, and that its
business forms offering is more diversified than that of most
companies in the business forms industry.

     The industry is divided into two major competitive segments.
One segment sells directly to end users, and is dominated by a
few large manufacturers.  The other segment, which the Company
primarily serves, distributes forms and other business products
through a variety of resellers.  The Company believes it is the
largest forms company which serves this segment of the market.
There are a number of competitors which operate in this segment
ranging in size from single employee-owner operations to multi-
plant organizations.  The Company's strategic plant locations and
buying power permit it to compete on a favorable basis within
this segment of the market on the competitive factors of service,
quality and price.

    Distribution of business forms and other business products
throughout the United States is primarily through independent
dealers, including business forms distributors, stationers,
printers, computer software developers, advertising agencies,
etc.  The Promotional and Financial Solutions Groups are
dependent upon certain major customers.  The loss of such
customers could have a material adverse effect on the segment.
No single customer accounts for as much as ten percent of
consolidated net sales.




                                2
<PAGE>


    Raw materials principally consist of a wide variety of
weights, widths, colors, sizes and qualities of paper for
business products purchased from a number of major suppliers at
prevailing market prices.

    Business products usage is generally not seasonal.  General
economic conditions and contraction of traditional business forms
industry are the predominant factor in quarterly volume
fluctuations.

Patents, Trademarks, Licenses, Franchises and Concessions:
---------------------------------------------------------

    The Company does not have any significant patents,
trademarks, licenses, franchises or concessions.


Backlog:
-------

    At February 29, 2004 the Company's backlog of business forms
orders believed to be firm was approximately $5,355,000 as
compared to approximately $6,177,000 at February 28, 2003.  The
backlog of orders for tools, dies and special machinery at
February 29, 2004 was approximately $182,000 as compared to
approximately $1,571,000 at February 28, 2003.  The backlog of
orders of promotional media at February 29, 2004 was
approximately $12,300,000 as compared to approximately
$14,850,000 at February 28, 2003.  The backlog of financial forms
at February 29, 2004 was approximately $2,315,000 as compared to
approximately $1,961,000 at February 28, 2003.  Approximately
$7,000,000 of the promotional media backlog is not expected to be
filled in the fiscal year ending February 29, 2004.


Research and Development:
------------------------

    While the Company continuously looks for new products to sell
through its distribution channel, there have been no material
amounts spent on research and development in the fiscal year
ended February 29, 2004.


Environment:
-----------

    There have been no material effects on the Company arising
from compliance with Federal, State or local provisions or
regulations relating to the protection of the environment.


Employees:
---------

    At February 29, 2004, the Company had approximately 2,200
employees, of whom approximately 440 were represented by three
unions and under five separate contracts expiring at various
times.


Available Information:
---------------------

    The Company makes its annual report on Form 10-K, quarterly
reports on Form 10-Q, current reports on Form 8-K, and amendments
to reports filed or furnished pursuant to Section 13(a) or 15(d)
of the Securities and Exchange Act of 1934 available free of
charge under the Investors Relations page on its website,
www.ennis.com, as soon as reasonably practicable after such
reports are electronically filed with the Securities and Exchange
Commission.  In addition, the Company's code of ethics, which
applies to all employees of the Company including the Company's
Chief Executive Officer ("CEO") and Chief Financial Officer
("CFO"), is posted under the Investors Relation page on the
Company's website, www.ennis.com.  The Company intends to
disclose any amendments to the code of ethics, or waivers of the
code of ethics on behalf of the CEO or CFO, under the Investors
Relations page on the Company's website, www.ennis.com.









                                3
<PAGE>
Item 2.   Properties.
------    ----------

    The Company operates thirty manufacturing facilities located
in twelve states as follows:
<TABLE>
<CAPTION>                           Approximate Square feet of
                                            floor space
   Location                          Owned    Leased     Total
   --------                          -----    ------     -----
                     Forms Solutions Group
                     ---------------------
<S>              <C>                  <C>     <C>        <C>
Ennis, Texas     Three
                 Manufacturing
                 Facilities          325,118        -    325,118
Chatham,
Virginia         Manufacturing       127,956        -    127,956
Paso Robles,
California       Manufacturing        94,120        -     94,120
Knoxville,
Tennessee        Manufacturing        48,057        -     48,057
Portland,
Oregon           Manufacturing             -   47,000     47,000
Fort Scott,
Kansas           Manufacturing        86,660        -     86,660
DeWitt, Iowa     Two
                 Manufacturing
                 Facilities           95,000        -     95,000
DeWitt, Iowa     Sales Office              -      300        300
Dallas, Texas    Manufacturing        82,400        -     82,400
Moultrie,
Georgia          Manufacturing        25,000        -     25,000
Coshocton, Ohio  Manufacturing        24,750        -     24,750
Houston, Texas   Manufacturing             -   40,800     40,800
San Antonio,
Texas            Manufacturing        47,426        -     47,426
Columbus,
Kansas           Manufacturing       201,000        -    201,000
                                   ---------  -------  ---------
                                   1,157,487   88,100  1,245,587
                                   =========  =======  =========
                  Promotional Solutions Group
                  ---------------------------
Wolfe City,      Two
Texas            Manufacturing
                 Facilities          119,259        -    119,259
Macomb,
Michigan         Manufacturing        56,350        -     56,350
Bell,
California       Manufacturing             -   19,286     19,286
Denver,          Four
Colorado         Manufacturing
                 Facilities and
                 Warehouse                 -  155,528    155,528
Dallas, Texas
                 Manufacturing             -   23,976     23,976
                                     -------  -------    -------
                                     175,609  198,790    374,399
                                     =======  =======    =======
                   Financial Solutions Group
                   -------------------------
Brooklyn Park,
Minnesota        Manufacturing        94,800        -     94,800
Roseville,
Minnesota        Manufacturing             -   42,500     42,500
Arden Hills,
Minnesota        Warehouse                 -   23,684     23,684
Lakewood, New    Administrative
York             Offices                          642        642
Nevada, Iowa     Manufacturing       232,000        -    232,000
Bridgewater,
Virginia         Manufacturing             -   27,000     27,000
                                     -------  -------    -------
                                     326,800   93,826    420,626
                                     =======  =======    =======
                     Administrative Offices
                     ----------------------
DeSoto, Texas    Executive and
                 Administrative            -   13,577     13,577
                 Offices
Ennis, Texas     Administrative
                 Offices               9,300        -      9,300
                                     -------  -------    -------
                                       9,300   13,577     22,877
                                     =======  =======    =======

</TABLE>
                                4
<PAGE>


     All of the Forms Solutions Group properties are used for the
production, warehousing and shipping of business forms and other
business products except the Dallas, Texas plant, which is used for
the production of tools, dies and special machinery.  The
Promotional Solutions Group properties are used for the production,
warehousing and shipping of the following:  business forms,
flexographic printing, advertising specialties and Post-it
(registered trademark) Notes (Wolfe City, Texas); presentation
products (Macomb, Michigan and Bell, California); and printed and
electronic promotional media (Denver, Colorado).  All of the
Financial Solutions Group properties are used for the production of
warehousing and shipping of financial forms.

     The plants are being operated at normal productive capacity.
Productive capacity fluctuates with the ebb and flow of market
demands and depends upon the product mix at a given point in
time.  Equipment is added as existing machinery becomes obsolete
or unrepairable and as new equipment becomes necessary to meet
market demands; however, at any given time these additions and
replacements are not considered to be material additions to
property, plant and equipment, although such additions or
replacements may increase a plant's efficiency or capacity.

    All of the foregoing facilities are considered to be in good
condition.  The Company does not anticipate that substantial
expansion, refurbishing or re-equipping will be required in the
near future.

    All of the rented property is held under leases with original
terms of two or more years, expiring at various times from April
2004 through August 2007.  No difficulties are presently foreseen
in maintaining or renewing such leases as they expire.

Item 3.   Legal Proceedings.
------    -----------------

    There are no material pending legal proceedings other than
ordinary routine litigation incidental to the business to which
the registrant or its subsidiaries are parties or which property
of the registrant or its subsidiaries is the subject.

Item 4.   Submission of Matters to a Vote of Security Holders.
------    ---------------------------------------------------

    None.













                              5
<PAGE>

              EXECUTIVE OFFICERS OF THE REGISTRANT

    Pursuant to General Instruction G of Form 10-K, the following
list is included as an unnumbered Item in Part I of this report
in lieu of being included in the Proxy Statement for the Annual
Meeting of Shareholders to be held on June 17, 2004.

    The following is a list of names and ages of all of the
executive officers of the registrant indicating all positions and
offices with the registrant held by each such person and each
such person's principal occupation or employment during the past
five years.  All such persons have been elected to serve until
the next annual election of officers (which shall occur on June
17, 2004) and their successors are elected, or until their
earlier resignation or removal.  No person other than those
listed below has been chosen to become an executive officer of
the registrant.

    Keith S. Walters, Chairman of the Board, CEO and President,
age 54, was elected Chief Executive Officer in November 1997,
Chairman in June 1998 and President in July 1998.  Mr. Walters
was employed by the Company in August 1997 and was elected to the
office of Vice President Commercial Printing Operations at that
time.  Prior to joining the Company, Mr. Walters was with
Atlas/Soundolier, a division of American Trading and Production
Company, for 8 years, most recently as Vice President of
Manufacturing.  Prior to that time, Mr. Walters was with the
Automotive Division of United Technologies Corporation for 15
years, primarily in manufacturing and operations.

     Ronald M. Graham, Vice President Administration, age 56, was
elected Vice President Administration in April 2001.  Mr. Graham
was employed by the Company in January 1998 as Director of Human
Relations and was elected Vice President Human Resources in June
1998.  Prior to joining the Company, Mr. Graham was with E. V.
International, Inc. (formerly Mark IV Industries, Inc.) for 17
years as Corporate Vice President, Administration.  Prior to that
time, Mr. Graham was with Sheller-Globe for 3 years as Corporate
Director of Human Resources.

     Harve Cathey, Vice President Finance, Chief Financial
Officer and Secretary, age 65, was elected Vice President and
Chief Financial Officer in January 2003.  Mr. Cathey was elected
Secretary in October 1998 and Treasurer in July 1998.  Mr. Cathey
has been employed by the Company continuously since April 1969.
Previously, Mr. Cathey served as Vice President-Finance and
Secretary (from September 1983 to September 1996) and Treasurer
(from June 1978 to December 1992).

     Michael D. Magill, age 56, was elected Vice President and
Treasurer in October 2003.  Prior to joining the Company, Mr.
Magill was President and Chief Executive Officer of Safeguard
Business Systems, Inc. for 6 years.  Prior to that time, Mr.
Magill was Executive Vice President and CFO of KBK Capital
Corporation.  Mr. Magill joined KBK Capital Corporation after 10
years with MCorp, where he held various positions beginning as
head of corporate finance and ending as CFO during MCorp's
bankruptcy.

    There is no family relationship among or between any
executive officers of the registrant, nor any family relationship
between any executive officers and directors.





                                6
<PAGE>
                             PART II

Item 5.   Market for the Registrant's Common Equity and Related
------    Shareholder Matters.
          -----------------------------------------------------

    The Company's common stock is traded on the New York Stock
Exchange.  The following table sets forth for the periods
indicated:  the high and low closing sales prices, the common
stock trading volume as reported by the New York Stock Exchange
and dividends paid by the Company.



                                             Common
                                              Stock
                                             Trading
                           Common Stock      Volume     Dividends
                           Price Range     (number of   per share
                           ------------     shares in   of Common
                          High      Low    thousands)     Stock
                          ----      ---    ----------     -----
Fiscal Year Ended
February 29, 2004
     First Quarter      $13.67    $10.90       2,038     $0.155
     Second Quarter      15.40     13.44       1,863      0.155
     Third Quarter       14.99     13.20       2,139      0.155
     Fourth Quarter      17.00     14.58       1,437      0.155
Fiscal Year Ended
February 28, 2003
     First Quarter      $14.18    $10.34       3,155     $0.155
     Second Quarter      14.45     10.75       3,438      0.155
     Third Quarter       13.28     11.54       1,600      0.155
     Fourth Quarter      13.23     10.70       2,078      0.155


    On April 15, 2004, the last sale price of the common stock
was $16.21 per share and the number of shareholders of record was
1,446.

Item 6.   Selected Financial Data.
------    -----------------------

     The information required by this item is incorporated herein
by reference to page 12 of the Company's 2004 Annual Report to
Shareholders which is attached as Exhibit (13) hereto.

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

     The information required by this item is incorporated herein
by reference to pages 13 through 17 of the Company's 2004 Annual
Report to Shareholders which is attached as Exhibit (13) hereto.


Item 7a.  Quantitative and Qualitative Disclosure About Market
-------   Risk.
          ----------------------------------------------------

    The information required by this item is incorporated by
reference to page 17 of the Company's 2004 Annual Report to
Shareholders which is attached as Exhibit (13) hereto.


                                7
<PAGE>

Item 8.   Financial Statements and Supplementary Data.
------    -------------------------------------------

     The information required by this item is incorporated herein
by reference to pages 20 through 39 of the Company's 2004 Annual
Report to Shareholders which is attached as Exhibit (13) hereto.


Item 9.   Changes in and Disagreements with Accountants on
------    Accounting and Financial Disclosure.
          -------------------------------------------------

     There were no changes in or disagreements with the
independent auditors on accounting and financial disclosure.


Item 9a.  Controls and Procedures.
-------   -----------------------

     The term "disclosure controls and procedures" is defined in
Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of
1934, or the Exchange Act.  This term refers to the controls and
procedures of a company that are designed to ensure that
information required to be disclosed by a company in the reports
that it files under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified by the
Securities and Exchange Commission.  An evaluation was performed
under the supervision and with the participation of the Company's
management, including the Chief Executive Officer (CEO) and Chief
Financial Officer (CFO), of the effectiveness of the Company's
disclosure controls and procedures as of February 29, 2004.
Based on that evaluation, the Company's management, including the
CEO and CFO, concluded that the Company's disclosure controls and
procedures were effective as of February 29, 2004.  There have
been no significant changes in the Company's internal controls
over financial reporting that have occurred during the most
recent fiscal quarter that have materially affected, or are
reasonably likely to materially affect, the Company's internal
control over financial reporting.






















                                8
<PAGE>

                            PART III
                            --------

Item 10.  Directors and Executive Officers of the Registrant.
-------   --------------------------------------------------

     For information with respect to executive officers of the
registrant, see "Executive Officers of the Registrant" at the end
of Part I of this report.

     The information required by this item regarding directors is
incorporated by reference to pages 5 through 7 of the Company's
Proxy Statement to be dated May 17, 2004.

Item 11.  Executive Compensation.
-------   ----------------------

     The information required by this item is incorporated herein
by reference to pages 11 through 17 of the Company's Proxy
Statement to be dated May 17, 2004.

Item 12.  Security Ownership of Certain Beneficial Owners and
-------   Management.
          ----------------------------------------------------

     The information required by this item is incorporated herein
by reference to pages 19 through 20 of the Company's Proxy
Statement to be dated May 17, 2004.

Item 13.  Certain Relationships and Related Transactions.
-------   ----------------------------------------------

     The information required by this item is incorporated
herein by reference to page 36 of the Company's 2004 Annual
Report to Shareholders which is attached as Exhibit (13) hereto.

Item 14.   Principal Accountant Fees and Services.
-------    ---------------------------------------

     The information required by this item is incorporated herein
by reference to pages 21 through 22 of the Company's Proxy
Statement to be dated May 17, 2004.


















                                9
<PAGE>
                             PART IV
                             -------

Item 15.  Exhibits, Financial Statement Schedule, and Reports on
-------   Form 8-K.
          -------------------------------------------------------

           (a)  1. Financial Statements.
                   See accompanying index to financial statements
                   and financial statement schedule for a list of
                   all financial statements and the financial
                   statement schedule filed as part of this
                   report (page F-1).
                2. Financial Statement Schedule.
                   See accompanying index to financial statements
                   and financial statement schedule for a list of
                   all financial statements and the financial
                   statement schedule filed as part of this
                   report (page F-1).
                3. Exhibits
                   The exhibits listed on the accompanying index
                   to exhibits on page 16 are filed as part of
                   this Form 10-K.


         (b) Reports on Form 8-K:
             -------------------

             The Company filed a report on Form 8-K on April 15,
             2004 regarding the press release dated April 14, 2004
             announcing year-end operating results.


         (c) Exhibits:
             --------

             See Index to Exhibits, incorporated herein by
             reference.

























                               10
<PAGE>

     UNDERTAKINGS WITH RESPECT TO REGISTRANT'S REGISTRATION
                      STATEMENTS, FORM S-8
      (NUMBERS:  33-43087, 333-58963, 333-44624, 333-38100)

    (1)    The undersigned registrant hereby undertakes to
deliver or cause to be delivered with the prospectus, forming a
part of the referenced registration statement, to each person to
whom the prospectus is sent or given, the latest annual report to
security holders that is incorporated by reference in the
prospectus and furnished pursuant to and meeting the requirements
of Rule 14a-3 or Rule 14c-3 under the Securities Exchange Act of
1934; and, where interim financial information required to be
presented by Article 3 of Regulation S-X is not set forth in the
prospectus, to deliver, or cause to be delivered, to each person
to whom the prospectus is sent or given, the latest quarterly
report that is specifically incorporated by reference in the
prospectus to provide such interim financial information.

    (2)    The undersigned registrant hereby undertakes to
deliver or cause to be delivered with the prospectus to each
employee to whom the prospectus is sent or given a copy of the
registrant's annual report to shareholders for its last fiscal
year, unless such employee otherwise has received a copy of such
report, in which case the registrant shall state in the
prospectus that it will promptly furnish, without charge, a copy
of such report on written request of the employee.  If the last
fiscal year of the registrant has ended within 120 days prior to
the use of the prospectus, the annual report of the registrant
for the preceding fiscal year may be so delivered, but within
such 120 day period the annual report for the last fiscal year
will be furnished to each such employee.

    (3)    The undersigned registrant hereby undertakes to
transmit or cause to be transmitted to all employees
participating in the plan who do not otherwise receive such
material as shareholders of the registrant, at the time and in
the manner such material is sent to its shareholders, copies of
all reports, proxy statements and other communications
distributed to its shareholders generally.






















                               11
<PAGE>
                           SIGNATURES

    Pursuant to the requirements of Section 13 or 15(d) 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.

                         (Registrant) ENNIS BUSINESS FORMS, INC.

Date:  May 4, 2004      BY: /s/    Keith S. Walters
     ----------------       -------------------------------------
                                   Keith S. Walters,
                                   Chairman of the Board,
                                   Chief Executive Officer and
                                   President


Date:  May 4, 2004      BY: /s/    Harve Cathey
     ----------------       -------------------------------------
                                   Harve Cathey
                                   Vice President - Finance and
                                   CFO, Secretary and Principal
                                   Financial and Accounting Officer

    Pursuant to the requirements of the Securities Exchange
Act of 1934, this report has been signed below by the
following persons on behalf of the Registrant and in the
capacities and on the dates indicated.


Date:  May 4, 2004       BY: /s/   Keith S. Walters
     ----------------       -------------------------------------
                                   Keith S. Walters, Director


Date:  May 4, 2004       BY: /s/   Ronald M. Graham
     ----------------       -------------------------------------
                                   Ronald M. Graham, Director


Date:  May 4, 2004       BY: /s/   Harold W. Hartley
     ----------------       -------------------------------------
                                   Harold W. Hartley, Director


Date:  May 4, 2004       BY: /s/   Robert L. Mitchell
     ----------------       -------------------------------------
                                   Robert L. Mitchell, Director


Date:  May 4, 2004       BY: /s/   Kenneth G. Pritchett
     ----------------       -------------------------------------
                                   Kenneth G. Pritchett, Director











                               12
<PAGE>
                  INDEX TO FINANCIAL STATEMENTS
                AND FINANCIAL STATEMENT SCHEDULE



     The following is a list of the financial statements and
financial statement schedule which are included in this Form 10-K
or which are incorporated herein by reference.  The consolidated
financial statements of the Company included in the Company's
2004 Annual Report to Shareholders are incorporated herein by
reference in Item 8.  With the exception of the pages listed in
this index and pages listed in Items 1, 6, 7 and 8 incorporating
certain portions of the Company's 2004 Annual Report to
Shareholders, such 2004 Annual Report to Shareholders is not
deemed to be filed as part of this Form 10-K.  The Company's
fiscal years ended February 29, 2004, February 28, 2003 and
February 28, 2002 (fiscal years ended 2004, 2003 and 2002,
respectively).



                                                   2004
                                                  Annual
                                       Form     Report to
                                       10-K    Shareholders
                                       ----    ------------
Consolidated Financial Statements of
 the Company:
  Consolidated Statements of
     Earnings - Fiscal years ended
     2004, 2003 and 2002                            20
  Consolidated Statements of Cash
     Flows - Fiscal years ended
     2004, 2003 and 2002                            21
  Consolidated Balance Sheets -
     Fiscal years ended 2004 and
     2003                                        22 - 23
  Notes to Consolidated Financial
     Statements                                  25 - 39
Independent Auditors' Report for
  fiscal years ended 2002, 2003 and
  2004                                 S-2

  II - Valuation and qualifying
     accounts                          S-3

  All other schedules are omitted as the required information is
inapplicable or the information is presented in the financial
statement or related notes.










                               F-1
<PAGE>
                 Report of Independent Auditors




Board of Directors and Shareholders
Ennis Business Forms, Inc.

We  have audited the accompanying consolidated balance sheets  of
Ennis  Business Forms, Inc. and subsidiaries (the Company) as  of
February  29,  2004  and  February  28,  2003,  and  the  related
consolidated  statements  of earnings, shareholders'  equity  and
cash  flows  for  each  of the three years in  the  period  ended
February   29,  2004.  Our  audit  also  included  the  financial
statement  schedule  listed in the Index at  Item  15(a).   These
financial statements and schedule are the responsibility  of  the
Company's management. Our responsibility is to express an opinion
on these financial statements based on our audit.

We  conducted  our  audits in accordance with auditing  standards
generally accepted in the United States. Those standards  require
that we plan and perform the audit to obtain reasonable assurance
about  whether  the  financial statements are  free  of  material
misstatement.  An  audit includes examining,  on  a  test  basis,
evidence  supporting the amounts and disclosures in the financial
statements.  An  audit  also includes  assessing  the  accounting
principles used and significant estimates made by management,  as
well  as evaluating the overall financial statement presentation.
We  believe  that our audits provide a reasonable basis  for  our
opinion.

In our opinion, the consolidated financial statements referred to
above  present fairly, in all material respects, the consolidated
financial position of Ennis Business Forms, Inc. and subsidiaries
as   of  February  29,  2004  and  February  28,  2003,  and  the
consolidated results of their operations and their cash flows for
each of the three years in the period ended February 29, 2004, in
conformity with accounting principles generally accepted  in  the
United  States.   Also,  in our opinion,  the  related  financial
statement  schedule,  when considered in relation  to  the  basic
financial  statements taken as a whole, presents  fairly  in  all
material respects the information set forth therein.

As  discussed  in Notes 1 and 9  to the financial statements,  in
2003 the Company changed its method of accounting for goodwill.


                        ERNST & YOUNG LLP


Dallas, Texas
April 14, 2004






                               S-2
<PAGE>


                           Schedule II

           ENNIS BUSINESS FORMS, INC. AND SUBSIDIARIES

                Valuation and Qualifying Accounts

               Three Years Ended February 29, 2004
                         (In thousands)

<TABLE>
<CAPTION>                     Additions
               Balance        ---------
                 at       Charged    Charged               Balance
              beginning      to      to other               at end
 Description   of year   operations  accounts  Deductions  of year
 -----------   -------   ----------  --------  ----------  -------
<S>           <C>        <C>         <C>       <C>         <C>
Year ended
February 29,
2004:
 Allowance
 for
 doubtful
 receivables     $1,294         890    47 (1)      460 (2)    1,771
                 ======       =====   =======   ==========    =====

Year ended
February 28,
2003:
 Allowance
 for
 doubtful
 receivables     $1,486         941   135 (3)    1,268 (2)    1,294
                 ======       =====   =======   ==========    =====

Year ended
February 28,
2002:
 Allowance
 for
 doubtful
 receivables     $1,484       1,007    25 (1)    1,030 (2)    1,486
                 ======       =====   =======   ==========    =====

</TABLE>











Notes:
  (1) Principally collection of accounts previously charged off.
  (2) Charge-off of uncollectible receivables.
  (3) Principally Allowance from Acquisition of Calibrated
      Forms Co., Inc.





                               S-3
<PAGE>



                        INDEX TO EXHIBITS



  Exhibit 3 (i)  Restated Articles of Incorporation as
                 amended through June 23, 1983 with attached
                 amendments dated June 20, 1985, July 31,
                 1985 and June 16, 1988 incorporated herein
                 by reference to Exhibit 5 to the
                 Registrant's Form 10-K Annual Report for the
                 fiscal year ended February 28, 1993.
  Exhibit 3 (ii) Bylaws of the Registrant as amended through
                 October 15, 1997 incorporated herein by
                 reference to Exhibit 3(ii) to the
                 Registrants Form 10-Q Quarterly Report for
                 the quarter ended November 30, 1997.
  Exhibit 10.1   Employment Agreement - Keith S. Walters
                 dated May 1, 2003.
  Exhibit 10.2   Employment Agreement - Ronald M. Graham
                 dated May 1, 2003.
  Exhibit 10.3   Employment Agreement - Michael M. Magill
                 dated October 7, 2003.
  Exhibit 13     Portions of 2004 Annual Report to
                 Shareholders.
  Exhibit 21     Subsidiaries of Registrant.
  Exhibit 23     Consent of Independent Auditors.
  Exhibit 31.1   Certification pursuant to Rule 13a-14(a)/15d-
                 14(a) (Chief Executive Officer)
  Exhibit 31.2   Certification pursuant to Rule 13a-14(a)/15d-
                 14(a) (Chief Financial Officer)
  Exhibit 32.1   Certification pursuant to 18 U.S.C. Section
                 1350, as adopted pursuant to Section 906 of
                 the Sarbanes-Oxley Act of 2002
  Exhibit 32.2   Certification pursuant to 18.U.S.C. Section
                 1350, as adopted pursuant to Section 906 of
                 the Sarbanes-Oxley Act of 2002

    * Portions of Exhibit have been omitted pursuant to a request
 for   confidential  treatment  filed  with  the  Securities  and
 Exchange Commission.



















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<PAGE>