FILE NO. 333-60856
                                                      FILED UNDER RULE 424(b)(3)

                              PROSPECTUS SUPPLEMENT

                        To Prospectus dated May 25, 2001

                          UNIVERSAL DISPLAY CORPORATION

                       -----------------------------------

         This prospectus supplement supplements the prospectus dated May 25,
2001, relating to the resale of up to 1,950,242 shares of our common stock, par
value $.01 per share, by certain of our shareholders. The prospectus was filed
as part of our Registration Statement on Form S-3 (No. 333-60856).

         No dealer, salesperson or any other person has been authorized to give
any information or make any representations not contained in this prospectus
supplement or the prospectus and, if given or made, the information or
representations must not be relied upon as having been authorized by us or the
selling shareholders. This prospectus supplement and the prospectus do not
constitute an offer to sell, or a solicitation of an offer to buy, any
securities to any person in any jurisdiction where such an offer or solicitation
would be unlawful. Neither the delivery of this prospectus supplement or the
prospectus nor any sale made hereunder or thereunder shall, under any
circumstance, create any implication that the information contained herein or
therein is correct as of any time subsequent to the date hereof.

         Since the date of the prospectus, Crestview Capital Fund LP and Sheldon
J. Stillman, Trustee for the Sheldon J. Stillman Declaration of Trust U/A./D
10/1/92, selling shareholders named in the "Selling Shareholders" table in the
prospectus, have transferred warrants to purchase 47,059 and 3,000 shares,
respectively, to Crestview Capital Master LLC (the "Transferee"). The Transferee
has requested that it be included in the prospectus as a selling shareholder of
the transferred shares. Accordingly, the "Selling Shareholders" table of the
prospectus is supplemented by the information in the table below to include the
shares that were transferred to the Transferee, as indicated below. The total
number of shares of our common stock offered by the prospectus, as supplemented
by this prospectus supplement, remains unchanged.


                                                                       Maximum         Beneficial Ownership
                                              Number of Shares        Number of       After Resale of Shares
                 Name of                     Beneficially Owned     Shares Being      Number of
           Selling Shareholder               Before Offering(1)       Offered          Shares        Percent
           -------------------               ------------------     ------------       ------        -------
                                                                                         
      Crestview Capital Master LLC                 55,392              50,059           5,333           *

_______________

(1) Consists entirely of shares of common stock that may be acquired immediately
    upon exercise of outstanding warrants.
 *  Less than 1%.

                                December 29, 2005