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 21, 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

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))

Item 8.01.  Other Events

The  Brown-Forman  Corporation (the "Company") has been advised that the trustee
and the  advisory  committee  for the Dace Brown Stubbs Trust has entered into a
Rule  10b5-1  trading  plan  to  sell up to a total  of  152,824  shares  of the
nonvoting  Class B Common  Stock of the Company  owned by the trust.  Dace Brown
Stubbs,  a  director  of the  Company  and a member  of the Brown  family,  is a
contingent  beneficiary of the trust. Under the plan, shares may be sold so long
as the gross sales price is not less than a specified amount per share,  subject
to certain limitations.  Sales pursuant to the plan may be executed beginning on
or about  December 21, 2005 and ending on January 31,  2006,  unless the plan is
terminated  earlier.  Neither Ms.  Stubbs nor any of the  advisors to the trusts
(Dace Brown  Stubbs,  Owsley Brown  Frazier (also a director of the Company) and
Mr. W.L.  Lyons  Brown,  Jr.) will have any control over the timing of any sales
under the plan.  There can be no assurance  that any shares  covered by the plan
will be sold.

The Company was informed  that the trust entered into the plan for liquidity and
investment diversification purposes.

Item 9.01.  Financial Statements and Exhibits

 (a)      Not applicable.
 (b)      Not applicable.
 (c)      Not applicable.
 (d)      Exhibits.
          99.1     Press Release, dated December 21, 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:   December 21, 2005                  By:  /s/ Nelea A. Absher
                                                Nelea A. Absher
                                                Vice President and Assistant
                                                 Corporate Secretary

Exhibit Index

Exhibit No.   Description
----------    -----------
99.1          Press Release, dated December 21, 2005

                                                                   Exhibit 99.1



LOUISVILLE,  Ky.,  Dec 21, 2005 -  Brown-Forman  Corporation  (NYSE:  BFA,  BFB)
announced  today that  Director  Dace Brown Stubbs has adopted a personal  stock
trading plan pursuant to guidelines  specified under the Securities and Exchange
Act of 1934 and the company's policies with respect to insider sales.

Ms. Stubbs,  a Brown family member,  informed the company that she plans to sell
up to 152,824 shares  [valued at  approximately  $10.7 million] of  Brown-Forman
Class B nonvoting  stock by or before  January 31, 2006, as a part of a strategy
to retire  debt  related to personal  business  interests.  Ms.  Stubbs said she
"remains  enthusiastic  about the company's  future prospects and is a committed
long-term shareholder."

Rule  10B5-1  allows   corporate   officers  and  directors  to  adopt  written,
pre-arranged  stock  trading  plans when they are not in possession of material,
non-public information. Based on her public filings, shares to be sold under the
Rule 10B5-1 plan  adopted by Ms.  Stubbs  represent  a small  percentage  of her
personal  holdings of Brown-Forman  common stock.  Transactions  under this plan
will be  disclosed  publicly  through Form 144 and Form 4 filings as required by
the Securities and Exchange Commission.

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,  and
Hartmann Luggage.
This report  contains  statements,  estimates,  or projections  that  constitute
"forward-looking  statements"  as defined under U.S.  federal  securities  laws.
Generally,   the  words  "expect,"  "believe,"  "intend,"   "estimate,"  "will,"
"anticipate," and "project," 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.  Here is a non-exclusive list of such risks
and uncertainties:

 - changes in general economic conditions, particularly in the United States
   where we earn the majority of our profits;
 - lower consumer confidence or purchasing in the United States associated with
   the aftermath of hurricanes Katrina, Rita and Wilma, all of which occurred
   this year;
 - tax increases, whether at the federal or state level or in major
   international markets and/or tariff barriers or other restrictions affecting
   beverage alcohol;
 - restrictions on alcohol marketing, including advertising and promotion, as a
   result of stricter governmental policies adopted either in the United States
   or globally;
 - adverse developments in the class action lawsuits filed against Brown-Forman
   and other spirits, beer and wine manufacturers alleging that our advertising
   causes illegal consumption of alcohol by those under the legal drinking age;
 - a strengthening U.S. dollar against foreign currencies, especially the
   British Pound;
 - reduced bar, restaurant, hotel and travel business in wake of terrorist
   attacks or threats, such as occurred in September, 2001 in the U.S. and in
   July, 2005 in London;
 - lower consumer confidence or purchasing associated with rising energy prices;
 - a decline in U.S. spirits consumption as might be indicated by recent
   published trends suggesting a slight reduction in the growth rate of
   distilled spirits consumption;
 - longer-term, a change in consumer preferences, social trends or cultural
   trends that results in the reduced consumption of our premium spirits brands;
 - changes in distribution arrangements in major markets that limit our ability
   to market our products;
 - increases in the price of energy or raw materials, including grapes, grain,
   wood, glass, and plastic;
 - excess wine inventories or a further world-wide oversupply of grapes.
 - adverse developments as a result of state investigations of beverage alcohol
   industry trade practices of suppliers, distributors and retailers.