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



                                   FORM 10-Q/A

                                  AMENDMENT # 1


[ x ]  Quarterly Report Pursuant to Section 13 or 15 (d) of the Securities 
       Exchange Act of 1934

For the Period Ended  September 30, 1996

                                       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  1-652


                              UNIVERSAL CORPORATION
             (Exact name of Registrant as specified in its charter)


           VIRGINIA                                             54-0414210
(State or other jurisdiction of                             (I.R. S. Employer 
incorporation or organization)                            Identification Number)


      1501 North Hamilton Street, Richmond, Virginia            23230
        (Address of principal executive offices)             (Zip code)


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


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


Common Stock, No par value-35,056,357 shares outstanding as of December 1, 1996






PART II. OTHER INFORMATION



ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

      (a)   Exhibit

            12       Ratio of Earnings to Fixed Charges

      (b)   Reports on Form 8-K

            None filed for the quarter ended September 30, 1996.








                                   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.






Date: December 1, 1996                          UNIVERSAL CORPORATION
                                                     (Registrant)





                                               / s / Hartwell H. Roper
                                        -------------------------------------
                                        Hartwell H. Roper, Vice President and
                                               Chief Financial Officer

                                              / s / William J. Coronado
                                        -------------------------------------
                                           William J. Coronado, Controller
                                            (Principal Accounting Officer)