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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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) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 850 DIXIE HIGHWAY 3. Date of Earliest Transaction (Month/Day/Year) 12/10/2010 (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               127,500 D   Class A Common               336,517 I GRAT 1994 Class A Common               544,084 I GRAT 2001 Class A Common               198,032 I GRAT 2002 Class A Common               99,964 I Longview LP Class A Common               1,612 I Guilford-Brown LP Class A Common               3,789 I Nectar LP Class A Common               438,009 I Ganymede LP Class A Common               2,113,839 I Olympus Three, LLC Class A Common               173,579 I Spouse Class B Common               68,436 D   Class B Common               84,129 I GRAT 1994 Class B Common               140,482 I GRAT 2001 Class B Common               52,643 I GRAT 2002 Class B Common               43,499 I Longview, LP Class B Common               947 I Nectar Class B Common 12/10/2010   J(1)   44,776.5 A (1) 478,012.75 I Hebe, LP Class B Common               3,171 I Hebe Non-Exempt Trust fbo Owsley Brown II Class B Common               1,092 I Hebe Exempt Trust fbo Owsley Brown II Class B Common 12/10/2010   J(1)   44,776.5 D (1) 1,231,413.5 I GANYMO Trust/Partnership Class B Common               4,070,186 I Olympus Three, LLC Class B Common               26,298 I Grandchildren's Equalization Trust 1998 Class B Common               43,270 I Spouse

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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) (2)

$ 24.7 (3)

05/01/2005

04/30/2012

Class B Common

103,041 (3)

103,041 (3)

D

Non-Qualified Stock Option (right to buy) (2)

$ 30.18 (4)

05/01/2006

04/30/2013

Class B Common

102,960 (4)

102,960 (4)

D

Non-Qualified Stock Option (right to buy) (1) (2)

$ 35.83 (5)

05/01/2007

04/30/2014

Class B Common

82,386 (5)

82,386 (5)

D

Stock Appreciation Right (2)

$ 53.62 (6)

11/15/2007

04/30/2017

Class B Common

3,332 (6)

3,332 (6)

D

Reporting Owners

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

Signatures

Diane M. Barhorst, Atty In Fact for: Owsley Brown II		12/14/2010
**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)	Represents partial redemption of Ganymede limited partnership units held by Hebe Limited Partnership.
(2)	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.
(3)	These options were previously reported as covering 101,568 shares at an exercise price of $25.06 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
(4)	These options were previously reported as covering 101,488 shares at an exercise price of $30.62 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
(5)	These options were previously reported as covering 81,208 shares at an exercise price of $36.35 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
(6)	These stock appreciation rights were previously reported as covering 3,284 shares at an exercise price of $54.40 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
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.

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