UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange 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 and Zolla, 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 none SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6. none OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7. REPORTING none PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8. none ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9. none ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10. No ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11. 0% ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12. IA ------------------------------------------------------------------------------ SCHEDULE 13G 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 stocks (e) 149205106 Item 3. (e) X Item 4. Ownership (a) 0 shares (b) 0% (c) (i) 0 shares (iii) 0 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 the 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 6/4/01 /s/ John D. Race ---------------------- Signature John D. Race - Partner ---------------------- Name/Title