OMB Number: 3235-0145
Expires: December 31, 2005
Estimated average burden
hours per response...11


Washington, D.C. 20549


Under the Securities Exchange Act of 1934
(Amendment No. 4)*


(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)


(Cusip Number)

Thomas E. Rutledge
Ogden Newell & Welch PLLC
1700 PNC Plaza
500 West Jefferson Street
Louisville, Kentucky 40202
(502) 582-1601

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

January 1, 2003

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



CUSIP No. 115637-10-0

  1. Name of Reporting Person:
Dace Brown Stubbs
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) o  
    (b) o  

  3. SEC Use Only:

  4. Source of Funds (See Instructions):

  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

  6. Citizenship or Place of Organization:
United States of America

Number of
Owned by
Each Reporting
Person With
7. Sole Voting Power:

8. Shared Voting Power:

9. Sole Dispositive Power:

10.Shared Dispositive Power:

  11.Aggregate Amount Beneficially Owned by Each Reporting Person:

  12.Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

  13.Percent of Class Represented by Amount in Row (11):

  14.Type of Reporting Person (See Instructions):



Item 1. Security and Issuer
  Brown-Forman Corporation
Class A Common Stock
850 Dixie Highway
Louisville, Kentucky 40210
Item 2.Identity and Background
  a) Name: Dace Brown Stubbs

b) Principal Business address:
135 Sago Palm Road
Vero Beach, Florida 32963

c) Private Investor; Director, Brown-Forman Corporation

d) Criminal Convictions: No criminal convictions in the last five years (excluding traffic violations or similar misdemeanors).

e) Securities Proceedings: No judgments, decrees or final orders enjoining further violations of, or prohibiting or mandating activities subject to federal or state securities laws of finding any violations with respect to such laws.

f) Citizenship: United States of America

Item 3.Source and Amount of Funds or Other Consideration
  Please see description of share exchange transaction set forth under Item 4 below.
Item 4.Purpose of Transaction
  This filing is made on a voluntary basis to bring the undersigned's disclosure of beneficial ownership current as of January 1, 2003.

On May 3, 2002, Sandra Frazier entered into a share exchange agreement with a trust for which the undersigned serves as an advisor. Pursuant to that agreement, Sandra Frazier surrendered 160,000 shares of Brown-Forman Corporation Class A (voting) Common Stock and received from the trust Class B (non-voting) common stock of Brown-Forman Corporation. This exchange resulted in less than a 1% change in the undersigned's beneficial interest in Class A Common Stock.

The undersigned, with certain others identified below, serves as a member of the Advisory Committee to a trust from which, on August 30, 2002, 700,000 shares of Brown-Forman Corporation Class A Common Stock were transferred (pursuant to the trustee's power to encroach) to the direct ownership of the trust beneficiary and subsequently contributed to a partnership. On September 9, 2002, a further 876,017 shares of Brown-Forman Corporation Class A Common Stock were transferred (pursuant to the trustee's power to encroach) to a partnership controlled by that beneficiary. These transfers divested the undersigned of beneficial ownership of those shares, but beneficial ownership was reacquired upon the receipt of general partner units in those partnerships.




Item 5.Interest in Securities of the Issuer
  The amount of shares beneficially owned by the undersigned as of January 1, 2003, is as follows:
        Aggregate   Percent
        Number   of Class
(a)   Beneficially Owned     9,605,864       33.25 %
(b)   Sole Voting Power     1,000          
    Shared Voting Power     9,604,864          
    Sole Disposition Power     1,000          
    Shared Disposition Power     9,604,864          
(c)   None.
(d)   The undersigned, as a member of the Advisory Committee to certain trusts, with two other Advisory Committee members, shares voting and disposal powers over shares of Brown-Forman Corporation Class A common stock exceeding 5% of the class. Those other advisors are W.L. Lyons Brown, Jr., Hilliard-Lyons Center, 501 Fourth Avenue, Louisville, Kentucky 40202, Retired, former Chairman of the Board and Chief Executive Officer of Brown-Forman Corporation, currently United States Ambassador to Austria, and Owsley Brown Frazier, The Bittners Building, 4938 Brownsboro Road, Suite 200, Louisville, Kentucky 40222, Retired, former Vice Chairman of Brown-Forman Corporation. Neither Mr. W.L. Lyons Brown, Jr. nor Mr. Owsley Brown Frazier has been convicted of a criminal offense or been found liable in a civil action involving securities laws in the last five years. Both are United States citizens.
(e)   Not applicable.
Item 6.Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 7.Material to Be Filed as Exhibits




After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 11, 2003
By: /s/ 
Name: Dace Brown Stubbs

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement: provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001)