UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Act of 1934
(Amendment No. )*
GARAN, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
364802108
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(CUSIP Number)
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CUSIP No. 13G
364802108
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
DePrince, Race & Zollo, Inc.
59-3299598
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Incorporated in the State of Florida
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 527,100
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY None
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 527,100
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH None
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
$13,045,725
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
No
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.28%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IA
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ITEM 1.
(a) Garan, Inc.
(b) 350 Fifth Avenue
New York, NY 10018
ITEM 2.
(a) DePrince, Race & Zollo, Inc.
(b) 201 S. Orange Ave., Suite 850
Orlando, FL 32801
(c) USA
(d) common stock
(e) 364802108
ITEM 3.
(e) X
ITEM 4. OWNERSHIP.
(a) $13,045,725
(b) 10.28%
(c) (i) 527,100 shares
(iii) 527,100 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
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ITEM 10. CERTIFICATIONS.
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 effect the 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: March 8, 1999
/s/ JOHN D. RACE
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(Signature)
John D. Race -- Partner
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(Name/Title)
