Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
BROWN OWSLEY II
   2. Issuer Name and Ticker or Trading Symbol
BROWN FORMAN CORP [BFA, BFB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman
(Last)
(First)
(Middle)
850 DIXIE HIGHWAY		 3. Date of Earliest Transaction (Month/Day/Year)
12/04/2006
(Street)

LOUISVILLE, KY 40210		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common 12/04/2006   J(1)   53,725 D $ 68.26 125,321 D  
Class A Common               200,032 I Breeze Hill, LP
Class A Common               351,034 I GRAT (Grantor Trust) '94
Class A Common               22,958 I GRAT 12/01
Class A Common               99,964 I Longview, LP
Class A Common               529,610 I Poplar Terrace, LP
Class A Common               1,992.352 I Guilford-Brown, LP
Class A Common               3,788.9 I Nectar, LP
Class A Common               438,008.5 I GANYMO Trust/Partnership
Class A Common 12/04/2006   J(1)   53,725 A $ 68.26 2,090,418 I Olympus Three, LLC (2)
Class A Common               172,752 I By Spouse
Class B Common 12/04/2006   J(1)   54,402 A $ 67.41 55,458 D  
Class B Common 12/06/2006   J(3)   54,402 D $ 0 1,056 D  
Class B Common 12/06/2006   J(3)   54,402 A $ 0 54,402 I Equal Shares 2006, LP
Class B Common               1,302 I Longview, LP
Class B Common               115.478 I Guilford-Brown, LP
Class B Common 12/05/2006   J(4)   3,411 D $ 0 346,589 I Hebe, LP
Class B Common 12/05/2006   J(4)   2,537 A $ 0 2,537 I Hebe Non-Exempt Trust fbo Owsley Brown II
Class B Common 12/05/2006   J(4)   874 A $ 0 874 I Hebe Exempt Trust fbo Owsley Brown II
Class B Common               933,350.5 I GANYMO Trust/Partnership
Class B Common 12/04/2006   J(1)   54,402 D $ 67.41 2,856,538 I Olympus Three, LLC (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $ 50             05/01/2006 08/31/2007 Class B Common 600   600 D  
Non-Qualified Stock Option (right to buy) $ 30.63             05/01/2001 04/30/2008 Class B Common 50,722   50,722 D  
Non-Qualified Stock Option (right to buy) $ 31.13             05/01/2002 04/30/2009 Class B Common 54,514   54,514 D  
Non-Qualified Stock Option (right to buy) $ 25.22             05/01/2003 04/30/2010 Class B Common 79,084   79,084 D  
Non_Qualified Stock Option (right to buy) $ 34.17             05/01/2004 04/30/2011 Class B Common 62,526   62,526 D  
Non-Qualified Stock Option (right to buy) $ 32.11             05/01/2005 04/30/2012 Class B Common 79,272   79,272 D  
Non-Qualified Stock Option (right to buy) $ 39.23             05/01/2006 04/30/2013 Class B Common 79,210   79,210 D  
Non-Qualified Stock Option (right to buy) $ 46.58             05/01/2007 04/30/2014 Class B Common 63,381   63,381 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BROWN OWSLEY II
850 DIXIE HIGHWAY
LOUISVILLE, KY 40210		   X   X   Chairman  

Signatures

 Nelea A. Absher, Attn In Fact for: Owsley Brown II   12/06/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On December 4, 2006, the filing person exchanged an economically equivalent number of directly held Class A shares (53,725) for Class B Shares (54,402) held by Olympus Three, LLC.
(2) Class A and Class B shares previously reported as indirectly held by the filing person in the WLLB Remainder Trust B and the OBII Trust have been contributed to Olympus Three, LLC and continue to be indirectly held by the reporting person.
(3) On December 6, 2006, the filing person contributed 54,402 Class B shares to the Equal Shares 2006, LP.
(4) On December 5, 2006, the Hebe LP made a distribution of certain of its assets, including Brown-Forman Class B shares, to its Limited Partners, two of which are the Hebe Non-Exempt Trust fbo Owsley Brown II and the Hebe Exempt Trust fbo Owsley Brown II.
 
Remarks:
Filing of this form should not be construed as an admission that the filing person is, for purposes of Section 16 of the Securities Exchange Act of 1934, the "beneficial owner" of any equity securities held in a limited partnership or in trust and reported on this form.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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