UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C.   20549

                                  FORM 10-Q/A
                                AMENDMENT NO. 1

(Mark One)

[x]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 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: 1-13600
                        -------    

                                   HUNTCO INC.
              ------------------------------------------------------
              (Exact name of registrant as specified in its charter)

         MISSOURI                                              43-1643751
- -------------------------------                           -------------------
(State or other jurisdiction of                            (I.R.S. Employer
 incorporation or organization)                            Identification No.)

      14323 SOUTH OUTER FORTY, SUITE 600N, TOWN & COUNTRY, MISSOURI  63017
      --------------------------------------------------------------------
                     (Address of principal executive offices)

                                 (314) 878-0155
                                 --------------
              (Registrant's telephone number, including area code)

                                 NOT APPLICABLE
                             ----------------------
              (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. [X] Yes  [  ] No

As of July 31, 1998, the number of shares outstanding of each class of 
the Registrant's common stock was as follows:  5,292,000 shares of Class A 
common stock and 3,650,000 shares of Class B common stock.




                                  HUNTCO INC.

                                    INDEX

PART II.    OTHER INFORMATION

Item 4.     Submission of Matters to a Vote of Security Holders




PART II.    OTHER INFORMATION						  
- -----------------------------

Item 4.     Submission of Matters to a Vote of Security Holders
- ---------------------------------------------------------------

     (a)     The Company held its annual meeting of shareholders on May 7, 
1998.

     (b)     The following directors were elected to serve terms of three 
years, with such terms to expire in 2001: James J. Gavin, Jr. and Terry J. 
Heinz.  The remaining directors include B. D. Hunter and Robert J. Marischen, 
whose terms expire in 1999, and Donald E. Brandt and Michael M. McCarthy whose 
terms expire in 2000.

     (c)     With respect to the vote for directors, Mr. Gavin received 
40,559,281 votes in favor of election, with 187,165 votes withheld, and Mr. 
Heinz received 40,559,381 votes in favor of election, with 187,065 votes 
withheld.  Brokers were permitted to vote on the election of directors in the 
absence of instructions from street name holders; broker non-votes did not 
occur in this matter.

     (d)    Not applicable.



                              **************


                                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.

                                              HUNTCO INC.
                                              (Registrant)


Date: November 13, 1998                       By: /s/ ROBERT J. MARISCHEN
                                                  -----------------------
                                                  Robert J. Marischen,
                                                   Vice Chairman of the Board
                                                   and Chief Financial Officer