SCHOLASTIC RELEASES BIGGEST I SPY(tm) GAME EVER COMBINING THREE WORLDS OF FANTASY AND ADVENTURE

Newest Title, I SPY Fantasy, Based on Award-Winning Book and Television Series

NEW YORK (November 10, 2003) - Scholastic announced today the availability of I SPY Fantasy, the newest game in the best-selling and award-winning I SPY software series.  Based on the critically acclaimed book and television series by the same name, I SPY Fantasy transports children on three very different participatory adventures-inside a sandcastle, on an alien planet and under the sea. 

"The I SPY series has delighted families nationwide with its originality and unique blend of fun and learning," said Alan Waldman, Vice President and General Manager, Scholastic Retail Software. "The creation of I SPY Fantasy was inspired by the imaginations of children who were asked to select their favorite images from the I SPY Fantasy book."

In order to tap into children's imaginations, Scholastic asked a group of local elementary school students to select their favorite photographs from the I SPY Fantasy book. The children's top three photographs became the settings for the game's three adventures. I SPY Fantasy, for children ages 6-10, allows players to explore three captivating environments, each with unique characters and fantastic settings, as they play 54 challenging I SPY riddles. Each world includes a unique adventure for children-defeating a dragon in the sandcastle, repairing a spaceship to escape an alien planet or searching underwater caverns for hidden treasures. Players build vocabulary, language, and thinking skills as they explore more than 30 intriguing locations. 

I SPY Fantasy is available in retail stores nationwide in a Windows/Macintosh hybrid for a suggested retail price of $19.95. 

About the I SPY Brand

I SPY, introduced in 1992, is a best-selling book series that boasts 29 titles and more than 20 million copies sold worldwide. The award-winning I SPY CD-ROM series is a consistent top-seller with more than 1.9 million units sold and more than 60 awards including three Oppenheim Toy Portfolio Platinum Awards, the SIIA Codie Award, and the Milia D'Or Award for Best Children's Software. The Emmy award-winning I SPY television series airs on HBO Family.

About Scholastic

Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and distributor of children's books. Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children's books, magazines, technology-based products, teacher materials, television programming, film, videos and toys. The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs, school-based book fairs, and school-based and direct-to-home continuity programs; retail stores, schools, libraries, and television networks; and the Company's Internet Site, www.scholastic.com.       

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