UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             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):     August 30, 2007

                            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.)
 incorporation)

 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.):

[ ] 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 2.02. Results of Operations and Financial Condition

Brown-Forman  Corporation  issued  a  press  release  today,  August  30,  2007,
reporting  results of its operations for the fiscal quarter ended July 31, 2007.
A copy of this  Brown-Forman  Corporation  press  release is attached  hereto as
Exhibit 99.1.


Item 9.01.  Financial Statements and Exhibits

 (a)      Not applicable.
 (b)      Not applicable.
 (c)      Exhibits.
          99.1     Press Release, dated August 30, 2007



                                   SIGNATURES

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
                                            (Registrant)


Date:   August 30, 2007                    By:  /s/ Nelea A. Absher
                                                Nelea A. Absher
                                                Vice President and
                                                Assistant Corporate Secretary



Exhibit Index
99.1  Press Release, dated August 30, 2007, issued by Brown-Forman Corporation,
      reporting results of operations for the fiscal quarter ended July 31,
      2007.



                                                                 Exhibit 99.1

FOR IMMEDIATE RELEASE

BROWN-FORMAN REPORTS STRONG FIRST QUARTER EARNINGS DUE TO CONTINUED
INTERNATIONAL GROWTH

REPORTED EARNINGS UP 1%; UNDERLYING GROWTH CONTINUES AT A DOUBLE-DIGIT RATE

Louisville,  KY, August 30, 2007 -  Brown-Forman  Corporation  reported  diluted
earnings  per share for its first  quarter  ended July 31, 2007 of $0.77,  up 1%
from the $0.76 earned in the first quarter last year.(1) Underlying earnings per
share(2) for the quarter were up 10%, after  adjusting for the following  items:
$0.05 per share of  dilution  associated  with  acquisitions;  a $0.04 per share
benefit from  favorable  foreign  currency  fluctuations;  a $0.04 per share net
impact  of  changes  in global  trade  inventory  levels;  and a $0.01 per share
absence of interest  income earned in last year's first quarter on proceeds from
the sale of Lenox (which were distributed to shareholders in May 2007). This 10%
underlying growth in earnings for the first quarter reflects accelerating trends
for the company's premium global brands internationally and continued gains from
the company's super-premium developing brands.

Paul Varga,  chief executive  officer said, "These financial results represent a
great start to our fiscal year and a nice  continuation of our strong underlying
growth.  We are  encouraged by healthy  consumer  demand for our premium  global
brands,  including  Jack  Daniel's  Tennessee  Whiskey,  Southern  Comfort,  and
Finlandia, particularly in international markets. Our integration and early work
with the recently acquired Casa  Herradura(3)  brands are on track and we remain
optimistic about the company's overall growth prospects."

- --------
(1) All financial and statistical information included in this press release
    reflects continuing operations of the company for all periods presented
    unless otherwise indicated.
(2) Underlying earnings per share represent diluted reported earnings per share
    in accordance with GAAP, adjusted for certain items. A reconciliation from
    reported to underlying earnings per share (a non-GAAP measure) for the full
    year, and the reasons why management believes these adjustments to be useful
    to the reader, are included in Schedule A of this press release.
(3) References to Casa Herradura include all brands (el Jimador, Herradura,
    New Mix, Antiguo, Suave 35 and other brands) and operations acquired in
    January 2007.



First quarter net sales grew $106 million,  up 17% over the  prior-year  period.
Gross profit increased $42 million,  up 12% from the first quarter of last year.
Continuing consumer demand for the company's premium global brands, the addition
of  acquired  brands,  and a weaker  U.S.  dollar  contributed  to these  strong
results.  The company's  overall gross margin as a percent of net sales declined
due in part to the addition of Casa Herradura results.

Advertising  expenses  in the quarter  were up $13  million,  or 16%,  over last
year's first quarter due to incremental investments behind the company's premium
global brands,  new investments in support of acquired brands, and a weaker U.S.
dollar.  SG&A expenses increased  approximately $15 million, or 12%, compared to
the same prior year period,  due  primarily to the addition of acquired  brands.
Operating income increased $13 million, up 9% over the first quarter last year.

Jack Daniel's  global  depletions(4)  registered  mid-single  digit gains in the
quarter,   led  by   double-digit   growth  outside  of  the  U.S.  The  brand's
international  volume  expansion  reflected  strong growth in the U.K.,  France,
Australia,  Asia, and Eastern  Europe.  In the U.S., Jack Daniel's volume growth
rate  moderated  slightly,  increasing  at  a  low-single  digit  rate  for  the
three-month  period.  Global  volumes for Southern  Comfort grew at a mid-single
digit rate in the quarter,  as double-digit gains in the U.K., South Africa, and
Germany  offset  modest  declines  in  the  U.S.  Worldwide   Finlandia  volumes
accelerated  in  the  quarter,  as  double-digit   increases  reflect  continued
expansion in Eastern Europe. Depletions for our super-premium developing brands,
including Woodford Reserve and Chambord, increased at a double-digit rate in the
quarter.  Volumes for our mid-priced  regional brands were up mid-single digits,
as solid growth for Fetzer  Valley Oaks,  Korbel,  and Bonterra more than offset
declines for Canadian Mist, Bolla, and Early Times.

- --------
(4) Depletions are shipments from wholesale distributors to retail customers,
    and are commonly regarded in the industry as an approximate measure of
    consumer demand.



Full-Year Outlook

The company's full-year earnings outlook remains unchanged at $3.35 to $3.55 per
diluted  share,  representing  growth  of 7% to 13% over  comparable  prior-year
earnings of $3.14 per share. This outlook includes  projected  earnings dilution
of $0.13 to $0.18  per share  associated  with the Casa  Herradura  acquisition,
which is also unchanged.

Brown-Forman  will host a conference  call to discuss first  quarter  results at
10:00 a.m. (EDT) today.  All interested  parties in the U.S. are invited to join
the conference by dialing  888-624-9285  and asking for the  Brown-Forman  call.
International  callers  should dial  706-679-3410  and ask for the  Brown-Forman
call. No password is required.  The company suggests that the participants  dial
in  approximately  ten  minutes  in  advance  of the  10:00  a.m.  start  of the
conference call.

A live  audio  broadcast  of the  conference  call  will also be  available  via
Brown-Forman's  Internet Web site,  www.brown-forman.com,  and then click on the
link to "Investor Relations."

For those  unable to  participate  in the live call,  a digital  replay  will be
available by calling  800-642-1687 (U.S.) or 706-645-9291  (international).  The
identification  code is 14130175.  A digital audio  recording of the  conference
call will also be  available  on the web page  approximately  one hour after the
conclusion of the conference call. The replays will be available for at least 30
days.

Brown-Forman  Corporation is a diversified producer and marketer of fine quality
beverage alcohol brands,  including Jack Daniel's,  Southern Comfort,  Finlandia
Vodka,  Tequila Herradura,  el Jimador Tequila,  Canadian Mist, Fetzer and Bolla
wines, and Korbel California Champagnes.



IMPORTANT NOTE ON FORWARD-LOOKING STATEMENTS:

This release  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 about half of our profits, including higher energy prices,
   declining home prices, deterioration of the sub-prime lending market, or
   other factors;
 - lower consumer confidence or purchasing related to changes in economic
   conditions, major natural disasters, terrorist attacks or widespread outbreak
   of infectious diseases;
 - tax increases, whether at the federal or state level or in major
   international markets and/or tariff barriers or other restrictions affecting
   beverage alcohol;
 - limitations and restrictions on distribution of products and alcohol
   marketing, including advertising and promotion, as a result of stricter
   governmental policies adopted either in the United States or in international
   markets;
 - adverse developments in the class action lawsuits filed against Brown-Forman
   and other spirits, beer and wine manufacturers alleging that our industry
   conspired to promote the consumption of alcohol by those under the legal
   drinking age;
 - a strengthening U.S. dollar against foreign currencies, especially the
   British Pound, Euro, Australian Dollar, and the South African Rand;
 - reduced bar, restaurant, hotel and travel business, including travel retail;
 - 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 or sell our products;
 - adverse impact on performance and reported results as a consequence of
   integrating acquisitions and ensuring their conformance to the company's
   trade practice standards, financial controls environment and U.S. public
   company requirements;
 - price increases in energy or raw materials, including grapes, grain, agave,
   wood, glass, and plastic;
 - excess wine inventories or a world-wide oversupply of grapes or agave;
 - termination of our rights to distribute and market agency brands in our
   portfolio;
 - counterfeit production of our products and any resulting negative effect on
   our intellectual property rights or brand equity; and
 - adverse developments as a result of state or federal investigations of
   beverage alcohol industry trade practices of suppliers, distributors and
   retailers.



                            Brown-Forman Corporation
                 Unaudited Consolidated Statements of Operations
                 (Dollars in millions, except per share amounts)

                                       Three Months Ended
                                            July 31,
                                      2006           2007         Change
                                     ------         ------        ------
CONTINUING OPERATIONS
   Net sales                         $633.4         $739.1          17%
   Gross profit                       348.9          391.0          12%
   Advertising expenses                80.7           94.0          16%
   Selling, general, and
    administrative expenses           127.9          143.1          12%
   Amortization expense                  --            1.3
   Other (income), net                 (2.0)          (2.8)
      Operating income                142.3          155.4           9%
   Interest expense, net                1.1           11.1
      Income before income taxes      141.2          144.3           2%
   Income taxes                        46.6           48.9
      Net income                       94.6           95.4           1%

   Earnings per share:
      Basic                           0.771          0.774           0%
      Diluted                         0.762          0.767           1%


DISCONTINUED OPERATIONS
   Net loss                           $(0.9)         $(0.1)

   Loss per share:
      Basic                          (0.007)        (0.001)
      Diluted                        (0.007)        (0.001)


TOTAL COMPANY
   Net income                         $93.7          $95.3           2%

   Earnings per share:
      Basic                           0.764          0.773           1%
      Diluted                         0.755          0.766           1%


                                     (more)


                            Brown-Forman Corporation
                 Unaudited Condensed Consolidated Balance Sheets
                              (Dollars in millions)

                                                 April 30,           July 31,
                                                   2007                2007
                                                  ------              ------
Assets:
Cash and cash equivalents                        $  283              $  180
Short-term investments                               86                  --
Accounts receivable, net                            404                 394
Inventories                                         694                 725
Other current assets                                168                 117
                                                  -----               -----
     Total current assets                         1,635               1,416

Property, plant, and equipment, net                 506                 505
Goodwill                                            670                 669
Other intangible assets                             684                 696
Prepaid pension cost                                 23                  19
Other assets                                         33                  34
                                                  -----               -----
     Total assets                                $3,551              $3,339
                                                  =====               =====

Liabilities:
Accounts payable and accrued expenses            $  361              $  334
Accrued income taxes                                 27                  10
Payable to shareholders                             204                  37
Short-term borrowings                               401                 343
Current portion of long-term debt                   354                 354
                                                  -----               -----
     Total current liabilities                    1,347               1,078

Long-term debt                                      422                 421
Deferred income taxes                                56                  52
Accrued postretirement benefits                     123                 125
Other liabilities                                    30                  58
                                                  -----               -----
     Total liabilities                            1,978               1,734

Stockholders' equity                              1,573               1,605
                                                  -----               -----

Total liabilities and stockholders' equity       $3,551              $3,339
                                                  =====               =====

                                     (more)



                            Brown-Forman Corporation
            Unaudited Condensed Consolidated Statements of Cash Flows
              (including cash flows from discontinued operations)
                              (Dollars in millions)

                                                          Three Months Ended
                                                               July 31,
                                                        2006              2007
                                                       ------            ------
Cash flows from operating activities:
   Continuing operations                               $ 73.6            $128.5
   Discontinued operations                                2.6              (0.1)
                                                       -------           -------
         Cash provided by operating activities           76.2             128.4

Cash flows from investing activities:
   Acquisition of business                             (250.1)               --
   Acquisition of brand name                               --             (12.0)
   Net (increase) decrease in short-term investments    (26.4)             85.6
   Additions to property, plant, and equipment          (10.5)            (11.4)
   Other                                                 (1.0)             (1.8)
                                                       -------           -------
         Cash (used for) provided by
          investing activities                         (288.0)             60.4

Cash flows from financing activities:
   Net decrease in debt                                 (29.3)            (58.9)
   Special distribution to shareholders                    --            (203.7)
   Dividends paid                                       (34.4)            (37.3)
   Other                                                 20.2               7.6
                                                       -------           -------
         Cash (used for) financing activities           (43.5)           (292.3)

Effect of exchange rate changes
 on cash and cash equivalents                             0.4               0.5
                                                       -------           -------

Net decrease in cash and cash equivalents              (254.9)           (103.0)

Cash and cash equivalents, beginning of period          474.8             282.8
                                                       -------           -------
Cash and cash equivalents, end of period               $219.9            $179.8
                                                       =======           =======


                                     (more)



                            Brown-Forman Corporation
                           Continuing Operations Only
                      Supplemental Information (Unaudited)
                 (Dollars in millions, except per share amounts)


                                                        Three Months Ended
                                                             July 31,
                                                    2006                  2007
                                                   ------                ------

Net sales                                          $633.4                $739.1
Excise taxes                                       $128.4                $152.0

Net sales (stripped of excise taxes)               $505.0                $587.1
Gross profit (as reported)                         $348.9                $391.0

Gross margin (as reported)                          55.1%                 52.9%
Gross margin (stripped net sales basis)*            69.1%                 66.6%

Effective tax rate                                  33.0%                 33.9%

Cash dividends paid per common share              $0.2800               $0.3025

Shares (in thousands) used in the
calculation of earnings per share
   - Basic                                        122,613               123,217
   - Diluted                                      124,066               124,434



* Management believes excluding excise tax from the gross margin calculation
  provides a more meaningful comparison because of changes in the company's
  distribution structures in several markets. These changes result in the
  company collecting and remitting excise taxes which are reported in net sales
  and cost of sales, preventing effective comparison across periods where the
  same distribution structures were not employed.






These  figures have been prepared in  accordance  with the  company's  customary
accounting practices.



                                   Schedule A

                            Brown-Forman Corporation
                           Continuing Operations Only
                      Supplemental Information (Unaudited)


                                            Three Months Ended
                                                 July 31,

                                            2006          2007       % Change

Reported GAAP Earnings Per Share           $0.76          $0.77          1%

Adjustments:
   Acquisitions                                            0.05
   Trade Inventory Adjustments             (0.07)         (0.03)
   Foreign Exchange                                       (0.04)
   Absence of Interest Income              (0.01)

Adjusted Earnings Per Share                $0.68          $0.75         10%



Notes:

Acquisitions - Refers to the acquisition of the Casa Herradura brands in January
2007 and Chambord in May 2006, thus making comparisons  difficult to understand.
In  addition,  we believe  that  excluding  the  results  of these  acquisitions
provides helpful information in forecasting and planning the growth expectations
of the company.

Trade inventory levels - Refers to the estimated  financial impact of changes in
wholesale  trade  inventories  for the company's  brands in markets where we use
third-party  distributors.  We compute  this  effect  using our  historical  and
estimated  depletion trends and separately  identify trade inventory  changes in
the variance  analysis for our key measures.  We believe it is important to make
this  adjustment in order for management and investors to understand the results
of our  business  without  distortions  that can arise  from  varying  levels of
wholesale inventories.

Foreign  exchange  - Refers to net  gains and  losses  incurred  by the  company
relating to sales and purchases in currencies other than the U.S. Dollar. We use
the measure to understand the growth of the business on a constant  dollar basis
as  fluctuations  in exchange  rates can distort  the  underlying  growth of our
business (both positively and  negatively).  To neutralize the effect of foreign
exchange fluctuations,  we have historically  translated current year results at
prior year rates.  While we recognize  that  foreign  exchange  volatility  is a
reality for a global company,  we routinely review our company  performance on a
constant  dollar basis. We believe this allows both management and our investors
to understand better our company's growth trends.

Absence of interest  income - Refers to the absence of interest income in fiscal
2008 that was earned in fiscal 2007 on the cash  proceeds from the sale of Lenox
which was distributed to  shareholders in May of 2007. We believe  adjusting for
this interest  income,  which was earned by  temporarily  investing the proceeds
from the sale of a segment of our business,  allows  management and investors to
better understand the company's underlying growth.

The company cautions that non-GAAP measures should be considered in addition to,
but not as a substitute for, the company's reported GAAP results.