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: February 8, 1999
                        (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  releases  issued by the  Registrant  on February 4, 1999
             attached hereto as Exhibit 99.1 and 99.2 are incorporated herein by
             reference.

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

     (c)     Exhibits.

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

             99.1     Press Release  announcing  additional stock repurchase and
                      quarterly dividend,  dated February 4, 1999, issued by the
                      Company.*

             99.2     Press Release announcing  earnings for the second quarter,
                      dated February 4, 1999, issued by the Company.*

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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:  February 8, 1999              By:   /s/ James M. White, III
                                         ---------------------------------------
                                           James M. White, III
                                           Vice President, General Counsel
                                             and Secretary









                                  Exhibit Index


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

99.1      Press Release  announcing  additional  stock  repurchase and quarterly
          dividend, dated February 4, 1999, issued by the Company.*

99.2      Press  Release  announcing  earnings  for the  second  quarter,  dated
          February 4, 1999, issued by the Company.*

- -------------
*Filed Herewith