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):     August 14, 2003

                            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.  Other Events

On August 14, 2003,  Brown-Forman  Corporation issued a press release announcing
the  resolution of certain  litigation  between  itself and Diageo Great Britain
Limited relating to the distribution of Jack Daniel's  Tennessee  Whiskey in the
United  Kingdom.  A copy of the  press  release  is  filed as  Exhibit  99.1 and
incorporated by reference herein.

Item 7.  Financial Statements and Exhibits

 (a)      Not applicable.
 (b)      Not applicable.
 (c)      Exhibits.
          99.1     Press Release, dated August 14, 2003

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:   August 14, 2003                   By:  /s/ Michael B. Crutcher
                                                Michael B. Crutcher
                                                Vice Chairman,
                                                General Counsel and Secretary

                                                                 Exhibit 99.1



Louisville,  KY, August 14, 2003 - Brown-Forman Corporation announced today that
it has entered into an agreement  with Diageo Great Britain  Limited to settle a
lawsuit  involving the  distribution of Jack Daniel's  Tennessee  Whiskey in the
United Kingdom.  The settlement  agreement calls for  Brown-Forman to pay Diageo
8.9 million British pounds  (approximately $14.3 million) to end the controversy
between the parties.

Diageo  distributed  Jack Daniel's in the U.K.  under a contract that expired on
July 31, 2002.  Brown-Forman now distributes Jack Daniel's and its other spirits
brands under a cost-sharing agreement with Bacardi.

Brown-Forman  had  previously  disclosed the existence of the litigation and the
amount of Diageo's  claim in filings  with the SEC and in its annual  report for
fiscal 2003.  Diageo claimed that it had the right to extend the contract for an
additional three years, based on passing certain required performance  standards
in the  contract.  Diageo  claimed  damages from  Brown-Forman  in a range of 35
million to 42 million British pounds  (approximately $56 million to $67 million)
for  profits it would have  earned  during the  extension  period.  Brown-Forman
denied that Diageo had met the contract  extension  standards and sued Diageo in
the  U.K.  for a legal  declaration  that  it was not  required  to  extend  the
contract.  A trial had been scheduled for March 2004.  The  settlement  ends the
controversy  between  the  parties,  with each  side to bear its own  litigation

Brown-Forman's  previous earnings guidance for fiscal 2004 of $4.10 per share to
$4.30 per share did not include the full  impact of the Diageo  settlement.  The
payment to Diageo will reduce this year's  earnings by  approximately  $0.11 per
share. However, the company still expects to achieve fiscal 2004 earnings within
its previously announced range. The company will discuss this settlement and its
quarterly results at its conference call on August 27, 2003.

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.