SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   -----------


                                    FORM 8-K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


                         Date of Report: March 17, 2000
                        (Date of earliest event reported)



                              UNIVERSAL CORPORATION
             (Exact Name of Registrant as Specified in its Charter)



          Virginia                      1-652                    54-0414210
(State or Other Jurisdiction   (Commission File Number)        (IRS Employer
      of Incorporation)                                     Identification No.)


       1501 North Hamilton Street
           Richmond, Virginia                                23230
(Address of Principal Executive Offices)                  (Zip Code)


               Registrant's telephone number, including area code:
                                 (804) 359-9311





Item 5.      Other Events.

             The press  release  issued  by the  Registrant  on March  17,  2000
             attached hereto as Exhibit 99 is incorporated herein by reference.

Item 7.      Financial Statements, Pro Forma Financial Information and Exhibits.

     (c)     Exhibits.

             No.               Description
             ---               -----------

             99       Press release announcing Universal Leaf North America to
                      right-size operations.*

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*Filed Herewith



                                   SIGNATURES

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


                                 UNIVERSAL CORPORATION
                                      (Registrant)



Date:  March 20, 2000            By: /s/ George C. Freeman, III
                                    --------------------------------------------
                                     George C. Freeman, III
                                     Assistant Secretary


                                  Exhibit Index


Exhibit
Number                              Document
- ------                              --------

  99                      Press release announcing Universal Leaf North America
                          to right-size operations.*

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*Filed Herewith