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):     July 26, 2005 (July 25, 2005)

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

   Delaware                  002-26821            61-0143150        
(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 7.01.  Regulation FD Disclosure.

On July 25, 2005, Brown-Forman Corporation issued a press release confirming its
agreement  with LVMH Moet  Hennessey  Louis  Vuitton  for early  termination  of
Brown-Forman's  long-term  importing and marketing  agreements for  Glenmorangie
products in the United States, Canada, and certain countries in Europe and Asia,
effective July 29, 2005. LVMH will pay approximately $13.5 million for the early
termination,  the net effect of which will impact favorably  Brown-Forman fiscal
2006  earnings by  approximately  $0.05 per share.  The loss of the revenue from
Glenmorangie  sales is expected to  decrease  fiscal 2007  earnings by $0.01 per
This report contains statements that constitute "forward-looking  statements" as
defined under U.S. federal securities laws. Generally,  words such as "expects,"
"will" and  similar  expressions  identify a  forward-looking  statement,  which
speaks only as of the date the statement is made.  Except as required by law, we
do not intend to update or revise any forward-looking  statements,  whether as a
result of new  information,  future  events,  or otherwise.  We believe that the
expectations and assumptions with respect to our forward-looking  statements are
reasonable.  But by their nature,  forward-looking  statements involve known and
unknown risks, uncertainties and other factors that in some cases are out of our
control.  These factors could cause our actual results to differ materially from
Brown-Forman's historical experience or our present expectations or projections.

Item 9.01.  Financial Statements and Exhibits

 (a)      Not applicable.
 (b)      Not applicable.
 (c)      Exhibits.
          99.1     Press Release, dated July 25, 2005

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:   July 26, 2005                      By:  /s/ Nelea A. Absher
                                                Nelea A. Absher
                                                Vice President and Assistant
                                                 Corporate Secretary

Exhibit Index

99.1  Press Release, dated July 25, 2005, issued by Brown-Forman Corporation.

                                                                   Exhibit 99.1



LOUISVILLE,  KY, July 25, 2005 - Brown-Forman Corporation and LVMH Moet Hennessy
Louis  Vuitton of France  announced  today they have agreed to end the contracts
through  which   Brown-Forman   acts  as  the  United  States  importer  of  the
Glenmorangie  brands and represents those brands in Canada,  Continental Europe,
and certain Asian countries. The contracts will conclude at the end of July.

Brown-Forman  has  distributed  Glenmorangie  brands in the U.S.  since 1992 and
served as marketing agent in Continental  Europe and certain Asian markets since
2000.  At that time  (2000),  Brown-Forman  purchased  slightly  less than three
million Class A shares in Glenmorangie plc for approximately $15 million. In the
fall of 2004, Brown-Forman sold its shares in Glenmorangie plc to LVMH for $95.5
million. Under long-term contracts with Glenmorangie plc, however,  Brown-Forman
continued to have distribution and marketing rights in those markets for several
years to come.

In the new agreement announced today, Brown-Forman has agreed to terminate those
distribution  and  marketing  rights in favor of LVMH,  which  purchased all the
outstanding shares of Glenmorangie plc last year, in exchange for consideration.

"We are proud of the work done by both Brown-Forman and our distributor partners
in building Glenmorangie in the U.S and key global markets into a premier single
malt Scotch brand," said Paul Varga,  president and chief  executive  officer of
Brown-Forman  Beverages.  "However,  we understand  LVMH's desire to consolidate
these excellent brands into their own distribution system," stated Varga.

Christophe  Navarre,  CEO of Moet Hennessy,  said, "Brown Forman has been a very
good  partner for The  Glenmorangie  company  over the years and the brands have
prospered  through  this  association.  Now  that  Glenmorangie  is part of Moet
Hennessy  it is  natural  that the  brands  should  be  distributed  though  our
companies in all the markets where we operate."

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