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 20, 2006 (July 19, 2006)

                            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 19, 2006,  Brown-Forman  Corporation issued a press release stating that
it has entered  negotiations  with Gruppo  Italiano Wines (GIV) possibly to sell
its wine  facility in  Pedemonte,  Italy to GIV. GIV would then produce and sell
wine to Brown-Forman Corporation for Brown-Forman's line of Bolla Italian Wines.
A copy of the press  release is  incorporated  herein,  furnished  herewith  and
attached hereto as Exhibit 99.1.

This report contains statements that constitute "forward-looking  statements" as
defined under U.S.  federal  securities laws.  Generally,  words such as "will,"
"would," "should" 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 19, 2006

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 20, 2006                      By:  /s/ Nelea A. Absher
                                                Nelea A. Absher
                                                Vice President and Assistant
                                                 Corporate Secretary

Exhibit Index

99.1  Press Release, dated July 19, 2006, issued by Brown-Forman Corporation.

                                                                   Exhibit 99.1



Louisville, KY, July 19, 2006 - Brown-Forman Corporation confirmed today that it
has entered into  negotiations  with Gruppo  Italiano  Vini (GIV) to establish a
partnership for the production of Bolla Italian wines.  Under  discussion is the
possibility that Brown-Forman would sell its main Bolla wine production facility
in  Pedemonte,  Italy  to  GIV,  which  would  then  produce  and  sell  wine to
Brown-Forman  for its line of Bolla Italian  Wines.  Brown-Forman  will maintain
ownership of the Bolla  trademark and continue to market and sell Bolla Wines in
the U.S. and other markets around the globe. GIV would distribute Bolla Wines in
Italy, but Brown-Forman would maintain marketing responsibility.

"Our goal is to improve  efficiency and gain flexibility in the sourcing of wine
for our Bolla  brand,  which has long been one of the  leading  premium  Italian
wines sold in the U.S.," said  Brown-Forman  Chief Executive Officer Paul Varga.
"GIV and Brown-Forman  already enjoy a long and productive  partnership  through
Fontana  Candida  Italian Wines,  and GIV owns more than 15 wineries  throughout
Italy.  If these  negotiations  are  successful,  we will be able to source high
quality  wines from GIV,  improve our cost  structure,  and  position  Bolla for
improved performance."

Brown-Forman,  which has marketed  and sold Bolla Wines since 1968,  should know
within 90 days  whether  it will  enter into the  agreement  with GIV  regarding
Bolla's production operations.

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.