8-K

                   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:  July 11, 1995
                   (Date of Earliest Event Reported)


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

                                VIRGINIA
                      (State or other jurisdiction
                           of incorporation)

  1-652                                                  54-0414210
(Commission                                            (IRS Employer
File Number)                                           Identification
                                                           Number)

Hamilton Street at Broad
Richmond, Virginia                                         23230
(Address of principal executive offices)                (Zip Code)

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


                   NUMBER OF PAGES IN THIS FILING   3




ITEM 5.  OTHER EVENTS

      The press release issued by the Registrant on July 11, 1995 and attached
hereto as Exhibit A is incorporated herein by reference.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

      (c)    Exhibits
      (99)   Press release issued by the Registrant on July 11, 1995.

                                    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 hereunto duly authorized.

                                      UNIVERSAL CORPORATION
                                              (Registrant)



                                      By:   /s/ Karen M.L. Whelan
                                            Karen M.L. Whelan
                                            Vice President and Treasurer

Dated:  July 13, 1995

EX-99

                                                                  EXHIBIT A
                               UNIVERSAL CORPORATION

                                  P.O. Box 25099
                                Richmond, VA 23260
                               Phone (804) 359-9311
                                Fax: (804) 254-3584

Contact:                                                               Release:

      Karen M.L. Whelan                                             Immediately
      Phone:  (804) 359-9311
      Fax:    (804) 254-3594



                     EARNINGS TO SLIGHTLY EXCEED EXPECTATIONS;
                          FURTHER RESTRUCTURING ANNOUNCED


RICHMOND, VA., JULY 11, 1995/PRNEWSWIRE

Universal Corporation announced today that results before a restructuring charge
for the 1994/1995 fiscal year are expected to slightly exceed earlier
expectations.  This reflects an improved world market balance for tobacco and
continued growth in non-tobacco activities.

Management also announced further restructuring measures designed to continue
the process begun a year ago to consolidate and rationalize activities and
services in the Company's worldwide operations.  These measures, approved on
June 29, 1995, (the "1995 Plan") are expected to generate additional efficiency
and cost reductions.

A restructuring charge arising from the 1995 Plan will be recorded in the
Company's fourth fiscal quarter, which will be reported on August 3, 1995.  The
charge is expected to be in the range of $13 million to $16 million before
taxes, but the numerous calculations necessary to quantify the precise amounts
have not been finalized.  The Company does not expect to realize full U.S.
statutory tax benefits on all elements of the charge due to limits on foreign
tax credits. Savings on an annual basis are expected to be in the range of $7
million to $9 million before taxes after the plan is implemented.  The full
effect of the savings will not be realized until fiscal 1997.

Universal Corporation is a diversified company with operations in tobacco,
lumber, and agri- products.  Its gross revenues for the fiscal year that ended
on June 30, 1994, were approximately $3 billion.