SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                 SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                          (Amendment No.     1     )*
                                        ------------

                            Cato Corporation class A
             -----------------------------------------------------
                                (Name of Issuer)

                         Common Stock = $.033 par value
             -----------------------------------------------------
                         (Title of Class of Securities)

                                   149205106
             -----------------------------------------------------
                                 (CUSIP Number)



Check the following box if a fee is  being paid with this statement [ ].
(A fee is not required only if the filing person:  (1) has a previous  statement
on file reporting beneficial ownership of more than five percent of the class of
securities  described  in Item 1;  and (2) has  filed  no  amendment  subsequent
thereto reporting  beneficial  ownership of five percent or less of such class.)
(See Rule 13d-7.)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on  this form with respect to the  subject class of securities,
and  for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information  required in the  remainder of  this cover page  shall not  be
deemed to be "filed" for  the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the  Act but shall be subject to all other provisions of the Act (however, see
the Notes).




CUSIP No.   149205106                13G                      Page 2 of 4 Pages
         ---------------
- --------------------------------------------------------------------------------
   1   NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

       Crabbe Huson Group, Inc.
       
- --------------------------------------------------------------------------------
   2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                             (a)  [   ]
                                                             (b)  [ X ]

- --------------------------------------------------------------------------------
   3   SEC USE ONLY


- --------------------------------------------------------------------------------
   4   CITIZENSHIP OR PLACE OF ORGANIZATION


       Massachusetts
- --------------------------------------------------------------------------------
   NUMBER OF      5    SOLE VOTING POWER
     SHARES              0
  BENEFICIALLY    --------------------------------------------------------------
    OWNED BY      6    SHARED VOTING POWER
      EACH               1,399,836
   REPORTING      --------------------------------------------------------------
     PERSON       7    SOLE DISPOSITIVE POWER
      WITH               0
                  --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER
                         1,548,436
 
- --------------------------------------------------------------------------------
   9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          1,548,436
- --------------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 
- --------------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

         6.98%
- --------------------------------------------------------------------------------
  12   TYPE OF REPORTING PERSON*

          IA
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT




                                                               Page 3 of 4 Pages


Item 1.     (a)   Name of Issuer:
                    Cato Corporation Class A, a Delaware Corporation
                    
            (b)   Address of Issuer's Principal Executive Offices:
                    8100 Denmark Road, Charlotte, NC 28273-5975

Item 2.     (a)   Name of Person Filing:
                    Crabbe Huson Group, Inc.

            (b)   Address of Principal Business Office:
                    121 SW Morrison, Suite 1400, Portland, OR 97204 

            (c)   Citizenship:
                    Massachusetts

            (d)   Title of Class of Securities:
                    Common Stock Class A, par value $.033 par value

            (e)   CUSIP Number:
                    149205106

Item 3.     If this statement  is filed  pursuant to Rules  13d-1(b), or
            13d-2(b), check whether the person filing is a:

            (a)   [ ]   Broker or Dealer  registered under Section  15 of  the
                        Act

            (b)   [ ]   Bank as defined in section 3(a)(6) of the Act

            (c)   [ ]   Insurance Company  as defined  in section  3(a)(19) of
                        the Act

            (d)   [ ]   Investment Company registered under  section 8 of  the
                        Investment Company Act

            (e)   [X]   Investment Adviser registered under section 203 of the
                        Investment Advisers Act of 1940

            (f)   [ ]   Employee Benefit Plan,  Pension Fund which is  subject
                        to the  provisions of  the Employee Retirement  Income
                        Security Act of  1974 or Endowment  Fund; see  Section
                        240.13d-1(b)(1)(ii)(F)

            (g)   [ ]   Parent  Holding  Company, in  accordance  with Section
                        240.13d-1(b)(1)(ii)(G)

            (h)   ( )   Group,   in   accordance    with   Section    240.13d-
                        1(b)(1)(ii)(H)



                                                               Page 4 of 4 Pages


Item 4.   Ownership.

          (a) & (b) The  aggregate  number of shares owned  beneficially  by the
reporting  person as of December 31, 1998 is 1,548,436,  representing   6.98% of
the outstanding common shares.

          (c) Crabbe Huson Group,  Inc.  does not directly own any shares of the
Issuer. The number of shares as to which the reporting person has:

          (i)   Sole Power to Vote or Direct the Vote:  -0- shares
          (ii)  Shared Power to Vote or Direct the Vote:  1,399,836 shares
          (iii) Sole Powewr to Dispose or Direct the Disposition of: -0- shares
          (iv)  Shared Power to Dispose or Direct the Disposition of:  1,548,436

Item 5.   Ownership of Five Percent or Less of a Class.
                         N/A
 
Item 6.   Ownership of More Than Five Percent on Behalf of Another Person.
                         N/A

Item 7.   Identification and Classification of the Subsidiary which Acquired
          the Security Being Reported on By the Parent Holding Company. N/A

Item 8.   Identification and Classification of Members of the Group.  Crabbe
          Huson Group, Inc. disclaims  beneficial  ownership of all shares owned
          by each of its clients and employees and also disclaims that a "group"
          within the meaning of Rule 13d-5(b) under the Securities  Exchange Act
          of 1934 has been or will be formed.

Item      9. Notice of Dissolution of Group. 
                         N/A

Item      10. Certification.

          By  signing  below I certify  that,  to the best of my  knowledge  and
belief, the securities referred to above were acquired in the ordinary course of
business  and were not acquired for the purpose of and do not have the effect of
changing or  influencing  the control of the issuer of such  securities and were
not acquired in connection  with or as a participant in any  transaction  having
such purpose or effect.



                                   Signature.


            After reasonable inquiry and to the best of my knowledge and belief,
            I certify that the  information set forth in this statement is true,
            complete and correct.


Date: February 12, 1999
     --------------------

Crabbe Huson Group, Inc.

By:  /s/James E. Crabbe
     ------------------
     James E. Crabbe
     President