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 *
MORREAU JANE C
   2. Issuer Name and Ticker or Trading Symbol
BROWN FORMAN CORP [BFA, BFB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Director Finance
(Last)
(First)
(Middle)
850 DIXIE HIGHWAY		 3. Date of Earliest Transaction (Month/Day/Year)
01/03/2011
(Street)

LOUISVILLE 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               957 D  
Class B Common 01/03/2011   M   2,525 A $ 26.29 2,560 D  
Class B Common 01/03/2011   F   1,563 D $ 69.62 997 D  
Class B Common 01/03/2011   S   962 D $ 69.47 (1) 35 D  
Class B Common               1,330.815 (2) D  

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) (3) $ 26.29 (4) 01/03/2011   M     2,525 05/01/2004 04/30/2011 Class B Common 2,525 (4) $ 0 0 D  
Non-Qualified Stock Option (right to buy) (3) $ 24.7 (5)             05/01/2005 04/30/2012 Class B Common 3,211 (5)   3,211 (5) D  
Non-Qualified Stock Option (right to buy) (3) $ 30.18 (6)             05/01/2006 04/30/2013 Class B Common 3,741 (6)   3,741 (6) D  
Non-Qualified Stock Option (right to buy) (3) $ 35.83 (7)             05/01/2007 04/30/2014 Class B Common 3,309 (7)   3,309 (7) D  
Stock Appreciation Right (3) $ 45.53 (8)             05/01/2008 04/30/2015 Class B Common 2,859 (8)   2,859 (8) D  
Stock Appreciation Right (3) $ 55.69 (9)             07/27/2006 04/30/2016 Class B Common 5,270 (9)   5,270 (9) D  
Stock Appreciation Right (3) $ 53.8 (10)             05/01/2010 04/30/2017 Class B Common 5,830 (10)   5,830 (10) D  
Stock Appreciation Right (3) $ 56.58 (11)             05/01/2011 04/30/2018 Class B Common 4,474 (11)   4,474 (11) D  
Stock Appreciation Right (3) $ 43.1 (12)             05/01/2012 04/30/2019 Class B Common 7,192 (12)   7,192 (12) D  
Stock Appreciation Right (3) $ 61.24 (13)             05/01/2013 04/30/2020 Class B Common 7,899 (13)   7,899 (13) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MORREAU JANE C
850 DIXIE HIGHWAY
LOUISVILLE 40210		       SVP, Director Finance  

Signatures

 Diane M. Barhorst, Attn in Fact for: Jane C. Morreau   01/04/2011
**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) Price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.45 to $69.49, inclusive. The reporting person undertakes to provide to Brown-Forman Corporation, any security holder of Brown-Forman corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.
(2) Includes shares acquired through the Brown-Forman Corporation Employee Stock Purchase Program as of close of business on January 3, 2011.
(3) All outstanding derivative security amounts and exercise prices were adjusted on December 10, 2010, the record date for the Issuer's December 28, 2010 special cash dividend.
(4) These options were previously reported as covering 2,489 shares at an exercise price of $26.67 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
(5) These options were previously reported as covering 3,165 shares at an exercise price of $25.06 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
(6) These options were previously reported as covering 3,688 shares at an exercise price of $30.62 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
(7) These options were previously reported as covering 3,262 shares at an exercise price of $36.35 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
(8) These stock appreciation rights were previously reported as covering 2,818 shares at an exercise price of $46.19 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
(9) These stock appreciation rights were previously reported as covering 5,195 shares at an exercise price of $56.50 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
(10) These stock appreciation rights were previously reported as covering 5,747 shares at an exercise price of $54.58 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
(11) These stock appreciation rights were previously reported as covering 4,410 shares at an exercise price of $57.40 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
(12) These stock appreciation rights were previously reported as covering 7,089 shares at an exercise price of $43.72 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
(13) These stock appreciation rights were previously reported as covering 7,786 shares at an exercise price of $62.13 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.

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