In this paper we discuss the project of digitization of the Dictionary of the Serbo-Croatian Standard and Vernacular \nLanguage. Scanning and character recognition were a particular challenge, since various non-standard \ncharacter set encoding was used in the course of the almost 60-year long production of the dictionary. The first \naim of the project was to formalize the micro-structure of the dictionary articles in order to parse the digitized \ntext of and transform it into structured data stored in relational lexical database. This approach is compatible \nwith several standard structured forms and ontologies (TEI, LMF, Ontolex, LexInfo). A lexical database model \nwas designed in compliance with these structured forms, following mostly the lemon model. Mapping of \nthe lexical entry markers to LexInfo and TEI enabled export of the lexical data to the mentioned formats. A \nsoftware solution for the dictionary text analysis, parsing and lexical database population was developed and \ntested on the first and the last published volumes of the dictionary (which contain 27,141 articles in total). An \nevaluation of the results shows that the developed model and software solution can be successfully used for \nthe other volumes as well.