FORM 10-Q-A

                         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 March 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 0-768

                             GARMENT CAPITOL ASSOCIATES
               (Exact name of registrant as specified in its charter)

            A New York Partnership                  13-6083208 
            (State or other jurisdiction of         (I.R.S. Employer
            incorporation or organization)          Identification No.)

                    60 East 42nd Street, New York, New York 10165
                       (Address of principal executive offices)
                                      (Zip Code)

                                    (212) 687-8700
                 (Registrant's telephone number, including area code)

                                         N/A
            (Former name, former address and former fiscal year, if
            changed since last report)

            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 [   ].


                An Exhibit Index is located on Page 3 of this Report.
               Number of pages (including exhibits) in this filing: <PAGE>




         Garment Capitol Associates                                     2.
         March 31, 1998





                                     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.  

                   The individual signing this report on behalf of
         Registrant is Attorney-in-Fact for Registrant and each of the
         Partners in Registrant, pursuant to Powers of Attorney, dated
         April 10, 1996 and May 14, 1998 (collectively, the "Power").



         GARMENT CAPITOL ASSOCIATES
         (Registrant)



         By:  /s/ Stanley Katzman
              Stanley Katzman, Attorney-in-fact*


         Dated:  June 3, 1998


              Pursuant to the requirements of the Securities Exchange Act
         of 1934, this report has been signed by the undersigned as
         Attorney-in-Fact for each of the Partners in Registrant, pursuant
         to the Power, on behalf of Registrant and as a Partner in
         Registrant on the date indicated.



         By:  /s/ Stanley Katzman
              Stanley Katzman, Attorney-in-fact*


         Dated:  June 3, 1998








         ______________________
            *   Mr. Katzman supervises accounting functions for
                Registrant.<PAGE>
         Garment Capitol Associates                                     3.
         March 31, 1998





                                    EXHIBIT INDEX


         Number                     Document                       Page*

         3 (a)        Registrant's Partnership Agreement, dated
                      January 10, 1957, which was filed as
                      Exhibit No. 1 to Registrant's Registration
                      Statement on Form S-1 as amended (the
                      "Registration Statement") effective
                      February 13, 1957 and assigned File No. 2-
                      13034, is incorporated by reference as an
                      exhibit hereto.

         3 (b)        Amended Business Certificate of Registrant
                      effective as of January 1, 1996,
                      reflecting a change in the partners of
                      Registrant, which was filed as Exhibit
                      3(b) to Registrant's Annual Report on Form
                      10-K for the year ended December 31, 1995
                      and is incorporated by reference as an
                      exhibit hereto.

         24           Powers of Attorney dated April 10, 1996 
                      and May 14, 1998 between Partners of
                      Registrant and Stanley Katzman and Richard
                      A. Shapiro.




















         ______________________
         *   Page references are based on a sequential numbering system.