The aim of the present study was to investigate the effect of using story pyramid strategy on developing reading comprehension skills and reducing reading anxiety among preparatory stage EFL pupils. The study used the pre-posttest quasi-experimental one group design. The participants of the study were thirty six first year preparatory stage EFL pupils. The instruments of the present study included a reading comprehension skills test prepared by the researcher and a reading anxiety scale. The test and the scale were administered to the participants before and after the treatment. The participants of the study were trained to use and follow the story pyramid strategy procedures and techniques to develop reading comprehension skills and reduce their reading anxiety.  Data were treated statistically using SPSS. Results of the study revealed that the story pyramid strategy was found to be effective in developing reading comprehension skills and reducing reading anxiety among preparatory stage EFL pupils.