-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 KKm2+wNPfTSZhviJeRbyRw==

<SEC-DOCUMENT>/in/edgar/work/0000916641-00-001388/0000916641-00-001388.txt : 20000928
<SEC-HEADER>0000916641-00-001388.hdr.sgml : 20000928
ACCESSION NUMBER:		0000916641-00-001388
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20000926

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNIVERSAL CORP /VA/
		CENTRAL INDEX KEY:			0000102037
		STANDARD INDUSTRIAL CLASSIFICATION:	 [5150
]		IRS NUMBER:				540414210
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			0630
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		424B3
			SEC ACT:		
			SEC FILE NUMBER:	333-43522
			FILM NUMBER:		729135
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		1501 NORTH HAMILTON STREET
				STREET 2:		PO BOX 25099
				CITY:			RICHMOND
				STATE:			VA
				ZIP:			23230
				BUSINESS PHONE:		8043599311
</BUSINESS-ADDRESS>

				MAIL ADDRESS:	
					STREET 1:		PO BOX 25099
					CITY:			RICHMOND
					STATE:			VA
					ZIP:			23260
</MAIL-ADDRESS>

					FORMER COMPANY:	
						FORMER CONFORMED NAME:	UNIVERSAL LEAF TOBACCO CO INC
						DATE OF NAME CHANGE:	19880314
</FORMER-COMPANY>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>PRICING SUPPLEMENT NO. 1
<TEXT>

<PAGE>

                                                Filed pursuant to Rule 424(b)(3)
                                                      Registration No. 333-43522



                            PRICING SUPPLEMENT NO. 1

                                     to the

                        Prospectus dated August 28, 2000

              And the Prospectus Supplement dated September 6, 2000

                              Universal Corporation

                                  $400,000,000

                           Medium-Term Notes, Series B

The notes being purchased have the following terms:

PRINCIPAL AMOUNT: $63,000,000

STATED MATURITY:  October 2, 2003

SPECIFIED CURRENCY: U.S. Dollars

FIXED INTEREST RATE: 8.0% per annum

ORIGINAL ISSUE DATE:  October 2, 2000

CUSIP:  91345H AF 2

PRICE TO PUBLIC %:  99.804

AUTHORIZED DENOMINATIONS: Minimum denominations of $1,000 and integral
                          multiples thereof.


AGENTS:  First Union Securities, Inc.
         SunTrust Equitable Securities Corporation

AGENTS' COMMISSION: 0.350%

NET PROCEEDS TO UNIVERSAL CORPORATION:  $62,656,020

         THIS  OFFERING  IS  SUBJECT  TO  REOPENING  AT A LATER  TIME  TO  OFFER
ADDITIONAL NOTES HAVING THE SAME TERMS AS THE NOTES BEING PURCHASED.
<PAGE>

DEPOSITARY:  DTC

FORM OF NOTE:

         - global registered book-entry form only:  Yes
         - non-global form available:  Upon certain events as described in the
           Prospectus
         - bearer note:  No

REDEMPTION AND REPAYMENT: Not redeemable or repayable prior to stated maturity

FIXED RATE SECURITIES:

         - annual rate: 8.0%
         - interest payment dates:  Each April 2 and October 2, commencing
           April 2, 2001
         - regular record date: Each March 15 or September 15 immediately
                                preceding an interest payment date

DEFEASANCE AND COVENANT DEFEASANCE:

         The Company may effect  defeasance  or covenant  defeasance  with
respect to the notes upon meeting certain conditions as described in the
Prospectus.

OTHER INFORMATION:

         Neither the Securities and Exchange Commission nor any other regulatory
body has approved or disapproved these securities or passed upon the adequacy or
accuracy  of  the  Prospectus,   the  Prospectus   Supplement  or  this  Pricing
Supplement. Any representation to the contrary is a criminal offense.

         Terms used and not defined herein but defined in the  Prospectus
Supplement and Prospectus are used herein as therein defined.



                              UNIVERSAL CORPORATION

                   Pricing Supplement dated September 22, 2000
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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