Exhibit 99.2

SCHEDULE II

FRANKLIN COVEY CO.

VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
For the Three Years Ended August 31, 2003 for Continuing Operations
(Dollars in Thousands)

Column A	Column B		Column C		Column D			Column E
Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses		Deductions			Balance at End of Period
Year ended August 31, 2001:
Allowance for doubtful accounts	$	3,146	$	2,255	$	(3,602	)(1)	$	1,799
Allowances for inventories		5,350		9,562		(7,815	)(2)		7,097
Reserve for losses on management     stock loans				1,052					1,052
	$	8,496	$	12,869	$	(11,417	)	$	9,948
Year ended August 31, 2002:
Allowance for doubtful accounts	$	1,799	$	1,680	$	(1,677	)(1)	$	1,802
Allowances for inventories		7,097		5,332		(7,040	)(2)		5,389
Reserve for losses on management
stock loans		1,052		24,775					25,827
	$	9,948	$	31,787	$	(8,717	)	$	33,018
Year ended August 31, 2003:
Allowance for doubtful accounts	$	1,802	$	912	$	(890	)(1)	$	1,824
Allowances for inventories		5,389		4,755		(5,125	)(2)		5,019
Reserve for losses on management
stock loans		25,827		3,903					29,730
	$	33,018	$	9,570	$	(6,015	)	$	36,573

⁽¹⁾ Represents a write-off of accounts deemed uncollectible
⁽²⁾ Reduction in the allowance is due to a write-off of obsolete inventories