FORM 10-Q/A
           UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549



(MARK ONE)
     (X)       QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF 
               THE SECURITIES EXCHANGE ACT OF 1934
               FOR THE QUARTERLY PERIOD ENDED AUGUST 31, 1998
                                   OR
     (  )      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
               THE SECURITIES EXCHANGE ACT OF 1934
               FOR THE TRANSITION PERIOD FROM ______________ TO ___________

COMMISSION FILE NUMBER        001-12837

                          PAMECO CORPORATION
         ------------------------------------------------------
         (Exact name of registrant as specified in its charter)


          GEORGIA                                   51-0287654
 (State or other jurisdiction            (I.R.S. employer identification
 of incorporation or organization)                    number)

                           1000 CENTER PLACE
                          NORCROSS, GA  30093
               ----------------------------------------
               (Address of principal executive offices)

                            (770)-798-0700
         ----------------------------------------------------
         (Registrant's telephone number, including area code)


     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days     Yes /X/     No / /.

     Indicate the number of shares outstanding of each of the
issuer's classes of common stock, as of the latest practical date.
Class A Common Stock, $.01 par value,  4,878,284 shares and Class B
Common Stock, $.01 par value, 3,942,782 shares, both as of October 7, 1998.<PAGE>


                          PAMECO CORPORATION

                                 INDEX

PART I.  FINANCIAL INFORMATION
     Item 1.   Financial Statements (Unaudited)
               Condensed Consolidated Balance Sheets-August 31, 1998
                 and February 28, 1998                                    3
               Condensed Consolidated Statements of Income-Three
                 Months ended August 31, 1998 and 1997                    4
               Condensed Consolidated Statements of Income-Six
                 Months ended August 31, 1998 and 1997                    4
               Condensed Consolidated Statements of Cash Flows-Six
               Months ended August 31, 1998 and 1997                      5
               Notes to Condensed Consolidated Financial Statements       6

SIGNATURES                                                                9




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<PAGE>
                                  PART I. FINANCIAL INFORMATION
                                        PAMECO CORPORATION

The financial information contained herein is identical to that in the
original filing, except for the inclusion of the pro forma data in Note 4
below concerning the acquisition of Park Heating and Air Conditioning Supply,
Inc., which was omitted from the original filing.

<TABLE>
<CAPTION>
                              CONDENSED CONSOLIDATED BALANCE SHEETS
                               (In thousands, except share amounts)

                                                                                          August 31,       February 28,
                                                                                             1998               1998
                                                                                         ------------      -----------
                                                                                         (UNAUDITED)
 <S>                                                                                     <C>               <C>
 ASSETS
 Current assets:
         Cash and cash equivalents                                                       $      141        $      142
         Accounts receivable, less allowance of $4,548 at August 31, 1998
             and $3,992 at February 28, 1998                                                 49,155            35,266
         Inventories                                                                        146,229           123,041
         Prepaid expenses and other current assets                                            2,226             1,554
                                                                                         ----------        ----------
                 Total current assets                                                       197,751           160,003
 Property and equipment, net                                                                 15,491            11,603
 Excess of cost over acquired net assets, net                                                43,060            25,613
 Other assets                                                                                   316               806
 Deferred income tax assets                                                                  12,607            12,787
                                                                                         ----------        ----------
                Total assets                                                             $  269,225        $  210,812
                                                                                         ==========        ==========
 LIABILITIES AND SHAREHOLDERS' EQUITY
 Current liabilities:
         Accounts payable                                                                   $74,024           $60,323
         Accrued compensation and withholdings                                                4,858             5,115
         Other accrued liabilities and expenses                                              23,553            18,112
         Notes payable                                                                          ---             7,700
                                                                                         ----------        ----------
                 Total current liabilities                                                  102,435            91,250
 Long-term liabilities:
        Debt                                                                                 78,647            42,072
        Warranty reserves and other                                                           4,362             3,839
                                                                                         ----------        ----------
                 Total long-term liabilities                                                 83,009            45,911
 Excess of acquired net assets over cost, net                                                 4,387             4,999
 Shareholders' equity:
         Class A common stock, $.01 par value-authorized 40,000 shares;
           4,767 and 4,665 shares issued and outstanding at August 31, 1998
           and February 28, 1998, respectively                                                   48                47
         Class B common stock, $.01 par value-authorized 20,000 shares; 4,046
           shares issued and outstanding at August 31, 1998 and February 28,
           1998, respectively                                                                    41                41
         Capital in excess of par value                                                      37,642            37,092
         Retained earnings                                                                   42,263            32,072
                                                                                         ----------        ----------
                                                                                             79,994            69,252
         Note receivable from shareholder                                                      (600)             (600)
 Total shareholders' equity                                                                  79,394            68,652
                                                                                         ----------        ----------
 Total liabilities and shareholders' equity                                                $269,225          $210,812
                                                                                         ==========        ==========
</TABLE>

 See notes to condensed consolidated financial statements.
                                                          3
<PAGE>
<TABLE>
<CAPTION>
                                                        PAMECO CORPORATION

                                          CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                           (In thousands, except per share amounts)
                                                           (UNAUDITED)

                                                                   Three Months Ended              Six Months Ended
                                                                        August 31                     August 31
                                                                 -----------------------       ------------------------
                                                                   1998           1997           1998            1997
                                                                 --------       --------       --------        --------
<S>                                                              <C>            <C>            <C>             <C>
Net sales                                                        $210,293       $146,460       $355,487        $260,195 
Costs and expenses:
    Cost of products sold                                         159,810        112,078        270,956         199,202 
    Warehousing, selling, and administrative expenses              35,006         23,853         64,424          47,062
                                                                 --------       --------       --------        --------
                                                                  194,816        135,931        335,380         246,264 
                                                                 --------       --------       --------        --------
Operating earnings                                                 15,477         10,529         20,107          13,931 

Other expense:
    Interest expense, net                                          (1,286)           (19)        (2,308)         (1,238)
    Discount on sale of accounts receivable and other expense        (978)          (912)        (1,738)         (1,608)
                                                                 --------       --------       --------        --------
Income before income taxes                                         13,213          9,598         16,061          11,085 
Provision  for income taxes                                         4,905          3,624          5,870           4,096 
                                                                 --------       --------       --------        --------
Net income                                                       $  8,308       $  5,974       $ 10,191        $  6,989
                                                                 ========       ========       ========        ========

Basic earnings per share                                         $   0.95       $   0.70       $   1.16        $   1.02 
                                                                 ========       ========       ========        ========
Basic weighted average shares outstanding                           8,782          8,528          8,761           6,879 
                                                                 ========       ========       ========        ========

Diluted earnings per share                                       $   0.91       $   0.67       $   1.11        $   0.96 
                                                                 ========       ========       ========        ========
Diluted weighted average shares outstanding                         9,180          8,970          9,143           7,316 
                                                                 ========       ========       ========        ========
</TABLE>


                      See notes to condensed consolidated financial statements.

                                                          4<PAGE>
<TABLE>
<CAPTION>
                                             PAMECO CORPORATION

                              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                               (In thousands)
                                                 (UNAUDITED)
                                                                                             Six Months Ended
                                                                                                 August 31
                                                                                         ------------------------
                                                                                             1998         1997
                                                                                         ----------   -----------
<S>                                                                                      <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net income                                                                               $  10,191     $   6,989
Adjustments to reconcile net income to net cash (used in) provided by
   operating activities:
        Amortization of excess of acquired net assets over cost                               (612)         (612)
        Depreciation and other amortization                                                  1,403           881
        (Gain)loss on sale of property and equipment                                           (19)           28
         Changes in operating assets and liabilities net of assets
         acquired and liabilities assumed:
            Accounts receivable                                                             (6,945)       (8,047)
            Inventories, prepaid expenses and other assets                                 (10,917)       16,155
            Accounts payable and accrued liabilities                                         6,829        (3,720)
                                                                                         ---------     ---------
Net cash (used in) provided by operating activities                                            (70)       11,674

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant, and equipment                                                 (4,132)       (1,266)
Proceeds from sale of property and equipment                                                   154            70
Business acquisitions                                                                      (32,902)      (18,341)
                                                                                         ---------     ---------
Net cash used in investing activities                                                      (36,880)      (19,537)

CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings on working capital facility                                                     400,262       278,485
Repayments on working capital facility                                                    (393,273)     (296,935)
Borrowings on term loan                                                                     30,000          ---
Repayments on term loan                                                                       (538)      (18,600)
Payments on capital lease obligations                                                          (33)         (221)
Payments on other debt                                                                         (20)          (14)
Issuance of common stock, net of expenses                                                      ---        45,214
Repurchase of treasury stock                                                                   ---        (1,207)
Proceeds from exercise of stock options                                                        551         1,126
                                                                                         ---------     ---------
Net cash provided by financing activities                                                   36,949         7,848
                                                                                         ---------     ---------
Net (decrease) in cash and cash equivalents                                                     (1)          (15)
Cash and cash equivalents at beginning of period                                               142           145
                                                                                         ---------     ---------
Cash and cash equivalents at end of period                                               $     141     $     130
                                                                                         =========     =========

Issuance of common stock in exchange for note receivable                                 $     ---     $     600
                                                                                         =========     =========
</TABLE>
                     See notes to condensed consolidated financial statements.

                                                          5<PAGE>
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 
                              (UNAUDITED)
                            August 31, 1998

1.   BASIS OF PRESENTATION

     The accompanying unaudited Condensed Consolidated Financial
Statements have been prepared in accordance with generally accepted
accounting principles for interim financial information and with the
instructions to Form 10-Q  and Article 10 of Regulation S-X. 
Accordingly, they do not include all of the information and footnotes
required by generally accepted accounting principles for complete
financial statements.  In the opinion of management, all adjustments
(consisting of normal recurring accruals) considered necessary for a
fair presentation have been included.  Operating results for the three
and six month periods ended August 31,1998 are not necessarily
indicative of the results that may be expected for the year ending
February 28, 1999. The sale of products by Pameco Corporation (the
"Company" or "Pameco") is seasonal with sales generally increasing
during the warmer months beginning in April and peaking in the months
of June, July, and August.  For further information, refer to the
consolidated financial statements and footnotes thereto included in
the Company's Annual Report on Form 10-K for the year ended February 28,
1998.

     The balance sheet at February 28, 1998 included herein has been
derived from the audited financial statements at that date but does
not include all the information and footnotes required by generally
accepted accounting principles for complete financial statements.  

2.   INVENTORIES

     Inventories consist of goods held for resale and are stated at
the lower of cost or market.  Cost is determined by the first-in,
first-out method.
<PAGE>
3.   EARNINGS PER SHARE

     The following table sets forth the computation of  basic and
diluted earnings per share (in thousands, except per share amounts).


<TABLE>
<CAPTION>
                                                                            Three Months Ended                 Six Months Ended
                                                                                 August 31,                        August 31,
                                                                          -----------------------          ------------------------
                                                                           1998             1997             1998             1997
                                                                          ------           ------          -------          -------
<S>                                                                       <C>              <C>             <C>              <C>
Numerator:

Net income applicable to common shareholders                              $8,308           $5,974          $10,191          $6,989
                                                                          ======           ======          =======          ======
Denominator:

Denominator for basic earnings per share-weighted average shares           8,782            8,528            8,761           6,879

Effect of dilutive securities:
    Employee Stock Options                                                   398              442              382             437 
                                                                           -----           ------          -------          ------
Denominator for diluted earnings per share-adjusted weighted-
average shares and assumed conversions                                     9,180            8,970            9,143           7,316 
                                                                          ======           ======          =======          ======

Basic earnings per share                                                  $ 0.95           $ 0.70           $ 1.16          $ 1.02 
                                                                          ======           ======          =======          ======

Diluted earnings per share                                                $ 0.91           $ 0.67           $ 1.11          $ 0.96
                                                                          ======           ======          =======          ====== 
</TABLE>


                                   6<PAGE>
4.   ACQUISITIONS

     In June 1998, the Company purchased the HVAC operations and
substantially all the related assets of Park Heating and Air
Conditioning Supply Co., Inc., a seven branch distributor in the
greater Chicago area.  For the year ended December 31, 1997, the
acquired business had net sales in excess of $30.0 million and derived
substantially all its net sales from the sale of HVAC products.
   
     Pro forma Data:

     The following table summarizes unaudited pro forma financial
information of the Company as if the June 1998 acquisition of Park
Heating and Air Conditioning Supply Co., Inc. had occurred as of March 1,
1997.  Pro forma results have not been presented for those
acquisitions which were not significant during the periods presented. 
These unaudited pro forma results of operations do not purport to
represent what the Company's actual results of operations would have
been if the acquisition had occurred on March 1, 1997, and should not
serve as a forecast of the Company's operating results for any future
periods.  

     The adjustments to the historical data reflect the following: 
(i) interest expense assuming the Company financed the acquisition at
a rate of  7.3%; (ii) amortization of the excess of cost over acquired
net assets; (iii) income taxes on the earnings of the acquiree
adjusted to reflect the Company's effective tax rate; and (iv) the
income tax effect of such pro forma adjustments.  The pro forma
adjustments are based on the available information and certain
assumptions that management believes are reasonable.  

                                            Six Months Ended      Year Ended
                                                August 31         February 28
                                                  1998               1998
                                            -----------------     -----------

Net sales                                       $366,150           $541,767
                                                ========           ========

Net income                                      $ 10,447           $  8,961
                                                ========           ========

Basic earnings per share                        $   1.19           $   1.15
                                                ========           ========

Diluted earnings per share                      $   1.14           $   1.10
                                                =========          =========
    

5.   CONTINGENCIES

     On November 18, 1996, United Refrigeration, Inc. ("United"), a
competitor of the Company, filed suit against Pameco in the United
States District Court for the Eastern District of Pennsylvania
claiming that Pameco had tortiously interfered with United's alleged
contract to purchase Sid Harvey's southeastern business operations
(the "Southeastern Assets").  United asserted that beginning on or
about August 23, 1996, it had met with Sid Harvey and had thereafter
negotiated an agreement (allegedly finalized on or about October 24,
1996) to purchase the Southeastern Assets for approximately $26
million and that Pameco tortiously interfered with this alleged
contract by offering "substantial inducements" to Sid Harvey and by
itself purchasing the Southeastern Assets. In the alternative, United
<PAGE>
claimed that Pameco had tortiously interfered with United's
prospective contractual relations with Sid Harvey.  On February 18,
1997, United filed an amended complaint adding Sid Harvey as a
defendant.  In the amended complaint, United claimed that Sid Harvey
(i) had breached its alleged agreement to sell the Southeastern Assets
to United; (ii) had committed fraud in the inducement of that alleged
contract; (iii) had negligently misrepresented certain facts

                                 7<PAGE>
concerning the sale of the operations and Sid Harvey's intention to
carry out the sale of  those assets and (iv) was unjustly enriched by
certain information obtained from United during the United-Sid Harvey
negotiations.  

     Although the amended complaint did not demand specified damages,
it asserts that United should recover the "loss of  its bargain,"
which United estimated to be $11.4 million, plus punitive damages.
Upon consummation of the Southeastern Assets acquisition, Pameco
agreed, based on certain written representations made by Sid Harvey
about the status of its discussions with United, to indemnify Sid
Harvey against all liabilities arising out of any action filed by
United in connection with the purchase of the Southeastern Assets. 

     Pameco and Sid Harvey asserted counterclaims against United
seeking to recover the damages they incurred in going forward with the
transaction in reliance on representations that the President of
United made to the President of Sid Harvey.  

     By agreement of the parties effective September 14, 1998, the
parties amicably resolved their differences, and all claims and
counterclaims asserted in the case were dismissed with prejudice and
mutual releases were exchanged.  The terms of the settlement will not
have a material adverse effect on the Company's results of operations
or financial condition.
 
     From time to time, the Company is involved in other claims and
legal proceedings which arise in the ordinary course of  its business. 
The Company intends to defend vigorously all such claims and does not
believe any such matters would have a material adverse effect on the
Company's results of operations or financial condition.  



                                   8
<PAGE>
                              SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.

                                   PAMECO CORPORATION
                                   -----------------------------------
                                   (Registrant)


                              By:  /s/ THEODORE R. KALLGREN
                                   ---------------------------------------
                                   Theodore R. Kallgren
                                   Chief Financial Officer

February 17, 1999                 (Mr. Kallgren has been duly authorized 
                                     to sign on behalf of the registrant)




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