FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * ALBRECHT MARK J   2. Issuer Name and Ticker or Trading Symbol HANDLEMAN CO /MI/ [HDL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr. VP - Human Resources (Last) (First) (Middle) 500 KIRTS BOULEVARD 3. Date of Earliest Transaction (Month/Day/Year) 06/29/2005 (Street) TROY, MI 48084 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common stock one cent par value 06/29/2005   A   7,050 A $ 0 11,655 (1) D   Common stock one cent par value 06/29/2005   F   2,140 (2) D (2) $ 17.35 9,515 D   Common stock one cent par value 06/30/2005   M   762 A (3) 10,277 D   Common stock one cent par value 06/30/2005   D   762 D $ 16.25 9,515 D   Common stock one cent par value               2,086 (4) I By 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Phantom Stock Units

(3)

06/30/2005

M

762

06/30/2005

06/30/2005

Common stock one cent par value

762

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ALBRECHT MARK J 500 KIRTS BOULEVARD TROY, MI 48084			Sr. VP - Human Resources

Signatures

Mark J. Albrecht by Kenneth P. Kartje Attorney-In-Fact		06/30/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Reflects the transfer of 940 shares of Handleman Company common stock by the reporting person to his ex-wife, since the date of the reportng person's last ownership report, pursuant to a domestic relations order.
(2)	Represents shares withheld to pay the tax withholding obligation on the 7,050 shares of common stock awarded on 06/29/2005.
(3)	1-for-1
(4)	Between 05/01/2005 and 06/29/2005 the reporting person acquired 85 shares of Handleman Company common stock under the Handleman Company 401(k) Plan. The information in this report is based on a 401(k) Plan report dated 06/29/2005.
Remarks: Exhibit List ------- Exhibit 24 Power of Attorney

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