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SEC-1745 (3-93)

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

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. __)*

                              UNIVERSAL CORPORATION
                                (Name of Issuer)

                                  COMMON STOCK
                         (Title of Class of Securities)

                                  913456109
                                 (CUSIP Number)


                                December 31, 1999
             (Date of Event Which Requires Filing of this Statement)

Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

/X/   Rule 13d-1(b)
/_/   Rule 13d-1(c)
/_/   Rule 13d-1(d)

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).


<PAGE>

CUSIP No.: 913456109

1.    NAMES OF REPORTING PERSONS.  Dreman Value Management, L.L.C.

      I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
           I.R.S. No. 22-3499132

2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS).
           (a)
           (b)

3.    SEC USE ONLY


4.    CITIZENSHIP OR PLACE OF ORGANIZATION
           State of Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

5.  SOLE VOTING POWER         2,926,114

6.  SHARED VOTING POWER       --

7.  SOLE DISPOSITIVE POWER    3,048,035

8.  SHARED DISPOSITIVE POWER  --

9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
           3,048,035


10.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
      CERTAIN SHARES (SEE INSTRUCTIONS) /_/ 


11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
           9.78%

12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
           IA

<PAGE>
      [INSTRUCTIONS FOR SCHEDULE 13G, "SPECIAL INSTUCTIONS FOR
      COMPLYING WITH SCHEDULE 13G AND "GENERAL INSTRUCTIONS" HAVE
      BEEN OMITTED.]

Item 1.    (a)  Name of Issuer:      Universal Corporation
           (b)  Address of Issuer's Principal Executive Offices:

                1501 N. Hamilton Street
                Richmond, VA  23230

Item 2.    (a)  Name of Person Filing:  Dreman Value Management, L.L.C.
           (b)  Address of Principal Business Office or, if none, Residence:

                          10 Exchange Place, Suite 2150
                          Jersey City, NJ 07302-3913

           (c)  Citizenship:              State of Delaware
           (d)  Title of Class of Securities:       Common Stock
           (e)  CUSIP Number:                       913456109


Item 3. If this  statement  is filed  pursuant to ss.ss.  240.13d-1(b)  or
        240.13d-2(b) or (c), check whether the person filing is a:

           (a) /_/   Broker or dealer registered under Section 15 of
                     the Act (15 U.S.C. 78o);

           (b) /_/   Bank as defined in section 3(a)(6) of the Act (15
                     U.S.C. 78c);

           (c) /_/   Insurance company as defined in section 3(a)(19)
                     of the Act (15 U.S.C. 78c);

           (d) /_/   Investment  company  registered  under  section  8  of  the
                     Investment Company Act of 1940 (15 U.S.C. 80a-8);

           (e) /X/   An   investment    adviser   in    accordance    with
                     ss.240.13d-1(b)(1)(ii)(E);

           (f) /_/   An employee  benefit plan or endowment  fund in  accordance
                     with ss.240.13d-1(b)(1)(ii)(F);

           (g) /_/   A parent  holding  company or control  person in accordance
                     with ss.240.13d-1(b)(ii)(G);

           (h) /_/   A savings  associations  as defined in Section  3(b) of the
                     Federal Deposit Insurance Act (12 U.S.C.
                     1813);

           (i) /_/   A church plan that is excluded  from the  definition  of an
                     investment company under section 3(c)(14) of the Investment
                     Company Act of 1940 (15 U.S.C.
                     80a-3);

           (j) /_/   Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).


Item 4.    Ownership.
           Provide the following  information regarding the aggregate number and
           percentage  of the class of  securities  of the issuer  identified in
           Item 1.

           (a)  Amount beneficially owned:          3,048,035
           (b)  Percent of class:                   9.78%
           (c)  Number of shares as to which such person has:
                (i)  sole power to vote or to direct the vote:   2,926,113
                (ii) shared power to vote or to direct the vote: --
                (iii)sole power to dispose or to direct the disposition of:
                                                                 3,048,035
                (iv) shared power to dispose or to direct the disposition of:
                                                                 --

           Instruction.  For computations regarding securities which
           represent a right to acquire an underlying security see
           ss.240.13d-3(d)(1).

Item 5.    Ownership of Five Percent or Less of a Class.
           If this  statement  is being  filed to report the fact that as of the
           date  hereof the  reporting  person  has ceased to be the  beneficial
           owner of more than five percent of the class of securities, check the
           following.

           Instruction: Dissolution of a group requires a response to this item.

Item 6.    Ownership of More than Five Percent on Behalf of Another
           Person.
           If any  other  person is known to have the  right to  receive  or the
           power to direct the receipt of dividends  from,  or the proceeds from
           the sale of, such  securities,  a statement to that effect  should be
           included  in response  to this item and if such  interest  relates to
           more  than  five  percent  of  the  class,   such  person  should  be
           identified.  A listing of the  shareholders of an investment  company
           registered   under  the  Investment   Company  Act  of  1940  or  the
           beneficiaries  of employee  benefit  plan,  pension fund or endowment
           fund is not required.
                NOT APPLICABLE.

Item 7.    Identification and Classification of the Subsidiary Which
           Acquired the Security Being Reported on By the Parent
           Holding Company.
           If a parent holding company has filed this schedule, pursuant to Rule
           13d-1(b)(ii)(G),  so  indicate  under Item 3(g) and attach an exhibit
           stating the  identity and the Item 3  classification  of the relevant
           subsidiary.  If a parent  holding  company  has filed  this  schedule
           pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating
           the identification of the relevant subsidiary.
                NOT APPLICABLE.

Item 8.    Identification and Classification of Members of the Group.
           If   a    group    has    filed    this    schedule    pursuant    to
           ss.240.13d-1(b)(1)(ii)(J),  so indicate under Item 3(j) and attach an
           exhibit stating the identity and Item 3 classification of each member
           of the  group.  If a  group  has  filed  this  schedule  pursuant  to
           ss.240.13d-1(c)  or  ss.240.13d-1(d),  attach an exhibit  stating the
           identity of each member of the group.
                NOT APPLICABLE.

Item 9.    Notice of Dissolution of Group.
           Notice of  dissolution  of a group  may be  furnished  as an  exhibit
           stating the date of the dissolution and that all further filings with
           respect to transactions in the security reported on will be filed, if
           required, by members of the group, in their individual capacity.
           See Item 5.
                NOT APPLICABLE.

Item 10.   Certification.
           (a) The following certification shall be included if the statement is
               filed pursuant to ss.240.13d-1(b):

           By signing  below I certify  that,  to the best of my  knowledge  and
           belief,  the securities  referred to above were acquired and are held
           in the ordinary  course of business and were not acquired and are not
           held for the purpose of or with the effect of changing or influencing
           the control of the issuer of the securities and were not acquired and
           are  not  held  in  connection  with  or  as  a  participant  in  any
           transaction having that purpose or effect.


                                  SIGNATURE


After  reasonable  inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.



                                          FEBRUARY 14, 2000      
                                          -----------------
                                                Date

 
                                          /S/ NELSON WOODARD
                                          ------------------
                                               Signature


                                        Nelson Woodard, Managing Director
                                        ---------------------------------
                                                Name/Title

The  original  statement  shall be signed by each  person  on whose  behalf  the
statement is filed or his authorized representative.  If the statement is signed
on behalf of a person by his authorized  representative  other than an executive
officer  or   general   partner  of  the   filing   person,   evidence   of  the
representative's  authority to sign on behalf of such person shall be filed with
the  statement,  provided,  however,  that a power of attorney  for this purpose
which is already on file with the Commission may be  incorporated  by reference.
The name and any title of each person who signs the statement  shall be typed or
printed beneath his signature.

NOTE:  Schedules  filed in paper format shall include a signed original and five
copies of the  schedule,  including  all exhibits.  See  ss.240.13d-7  for other
parties for whom copies are to be sent.

Attention:  Intentional  misstatements  of omissions of fact constitute  Federal
criminal violations (See 18 U.S.C. 1001)