United States
                       Security and Exchange Commission
                            Washington, D.C. 20549


                                 Schedule 13G

                       Under the Securities Act of 1934
                            (Amendment No.______ )*



                                   Cato Corp
                                   ---------
                               (Name of Issuer)


                                 Common Stock
                                 ------------
                        (Title of Class of Securities)


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


  CUSIP NO. 149205106                   13G



------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1.   S.S OR IRS IDENTIFICATION NO. OF ABOVE PERSON

          DePrince, Race & Zollo, Inc.
          59-3299598

------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2.                                                             (a) [x]
                                                                (b) [_]

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


------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4.       Incorporated in the State of Florida


------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5.
     NUMBER OF                                    1,348,300

      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6.
                                                  none
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7.
    REPORTING                                     1,348,300

      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8.
                                                  none
------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9.
          $ 18,539,125
------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10.
          No

------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.
          5.41%

------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12.

------------------------------------------------------------------------------



                                 SCHEDULE 13 G

Item 1.
(a) Cato Corp.

(b) 8100 Denmark Road
    Charlotte, NC 28273-5975

Item 2.
(a) DePrince, Race & Zollo, Inc.

(b) 201 S. Orange Ave, Suite 850
    Orlando, FL 32801

(c) USA

(d) common stock

(e) 149205106

Item 3.
(e) X

Item 4. Ownership
(a) $18,539,125
(b) 5.41%
(c) (i)    1,348,300 shares
    (iii)  1,348,300 shares

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
N/A

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
purposes 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 02/09/2001

                                                       ______________________
                                                                   Signature
                                                       John D. Race - Partner
                                                       ----------------------
                                                                   Name/Title