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 (Date of
earliest event reported):     December 23, 2002

                            Brown-Forman Corporation
             (Exact name of registrant as specified in its charter)

   Delaware                    1-123              61-0243150
(State or other            (Commission         (I.R.S. Employer
 jurisdiction of            File Number)       Identification No.)

 850 Dixie Highway, Louisville, Kentucky           40210
(Address of principal executive offices)         (Zip Code)

Registrant's telephone number, including area code (502) 585-1100

Item 5.

On December 23, 2002, Brown-Forman Corporation issued the press release attached
hereto as Exhibit 99.

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.

                                       Brown-Forman Corporation

Date:   December 23, 2002                 By:  /s/ Michael B. Crutcher
                                                Michael B. Crutcher
                                                Senior Vice President,
                                                General Counsel, and Secretary

Exhibit Index
(99)  Press Release, dated December 23, 2002, issued by Brown-Forman Corporation

                                                                   Exhibit 99



Louisville,  KY,  December 20, 2002 - Brown-Forman  Corporation  and Distillerie
Tuoni e Canepa,  Italian owner and producer of Tuaca  Liqueur,  announced  today
that  Brown-Forman  will acquire an  additional  55% interest in Tuoni e Canepa,
increasing  Brown-Forman's ownership to 100%. Brown-Forman has been distributing
Tuaca in the U.S. since May 1999 and acquired its initial 45% stake in Tuoni and
Canepa in December  2000.  Tuoni e Canepa  President  Enrico  Tuoni and Director
Mariagrazia  Tuoni Banti will  continue to work for the company for a minimum of
two years to assist  Brown-Forman  in the  transition  of the Tuaca  brand.  The
acquisition is not expected to have a material  impact on earnings per share for
Brown-Forman in fiscal 2003 or fiscal 2004.

Enrico  Tuoni,  president of Tuoni e Canepa said:  "We have worked  successfully
with  Brown-Forman  as our partner for many years.  I believe that  Brown-Forman
will continue to build the heritage of our family through Tuaca."

William M. Street, president of Brown-Forman Corporation, added: "Tuaca has been
a tremendous  asset in our  developing  brands  portfolio.  We believe the taste
profile and brand  imagery  are well  received  by  consumers  and the brand has
significant untapped potential in the US and abroad."

Brown-Forman  Corporation is a diversified producer and marketer of fine quality
consumer products,  including Jack Daniel's,  Southern Comfort, Finlandia Vodka,
Canadian Mist,  Fetzer and Bolla Wines,  Korbel  California  Champagnes,  Lenox,
Dansk, and Gorham tableware and giftware and Hartmann Luggage.

Distillerie  Tuoni e Canepa Srl. is the producer of Tuaca and other fine Italian