UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549



                                    FORM 11-K



             FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS

               AND SIMILAR PLANS PURSUANT TO SECTION 15(d) OF THE

                         SECURITIES EXCHANGE ACT OF 1934


(Mark One)

(X) ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934

                   For the Fiscal Year Ended December 31, 2000

                                       OR

(  ) TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934



                          Commission File Number 1-123



       A.  Full Title of Plan:
            Brown-Forman Corporation Savings Plan
            for Collectively Bargained Employees

       B.  Name of Issuer of the Securities held Pursuant to the Plan and
           the Address of its Principal Executive Office:

                            Brown-Forman Corporation

                                850 Dixie Highway

                           Louisville, Kentucky 40210






                                     INDEX
                                                                    Pages

Report of Independent Accountants                                     2

Financial Statements:

 Statement of Net Assets Available for Benefits,
    December 31, 2000 and 1999                                        3

 Statement of Changes in Net Assets Available for Benefits
    for the years ended December 31, 2000 and 1999                    4

Notes to Financial Statements                                        5-9

Supplemental Schedules:

 Schedule of Assets Held for Investment Purposes at End of Year,
    December 31, 2000                                                10

 Schedule of Reportable Transactions for the Year Ended
    December 31, 2000                                                11

Signatures                                                           12

Consent of Independent Accountants                                   13



                        Report of Independent Accountants


To the Employee Benefits Committee
Brown-Forman Corporation

Brown-Forman Corporation Savings Plan
    for Collectively Bargained Employees

In our opinion, the accompanying statements of net assets available for benefits
and the  related  statements  of changes in net assets  available  for  benefits
present fairly, in all material respects,  the net assets available for benefits
of  the  Brown-Forman   Corporation  Savings  Plan  for  Collectively  Bargained
Employees  (the Plan) at  December  31,  2000 and 1999,  and the  changes in net
assets  available  for benefits  for the years then ended,  in  conformity  with
accounting principles generally accepted in the United States of America.  These
financial  statements  are the  responsibility  of the  Plan's  management;  our
responsibility  is to express an opinion on these financial  statements based on
our audits.  We conducted  our audits of these  statements  in  accordance  with
auditing  standards  generally  accepted in the United States of America,  which
require that we plan and perform the audit to obtain reasonable  assurance about
whether the financial  statements  are free of material  misstatement.  An audit
includes  examining,  on a test  basis,  evidence  supporting  the  amounts  and
disclosures in the financial  statements,  assessing the  accounting  principles
used and  significant  estimates made by management,  and evaluating the overall
financial  statement  presentation.   We  believe  that  our  audits  provide  a
reasonable basis for our opinion.

Our audits  were  conducted  for the  purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of assets held
for investment  purposes at the end of year and of reportable  transactions  are
presented for the purpose of additional  analysis and are not a required part of
the basic financial statements but are supplementary information required by the
Department of Labor's Rules and Regulations  for Reporting and Disclosure  under
the  Employee  Retirement  Income  Security  Act  of  1974.  These  supplemental
schedules are the  responsibility  of the Plan's  management.  The  supplemental
schedules have been subjected to the auditing  procedures  applied in the audits
of the basic financial  statements and, in our opinion, are fairly stated in all
material  respects  in  relation to the basic  financial  statements  taken as a
whole.

/s/ PricewaterhouseCoopers LLP
    May 3, 2001

                                       2


   Brown-Forman Corporation Savings Plan for Collectively Bargained Employees
                 Statements of Net Assets Available for Benefits
                           December 31, 2000 and 1999


                                                          2000                                            1999
                                      ----------------------------------------------  ---------------------------------------------
                                      Participant    Nonparticipant                   Participant    Nonparticipant
                                       Directed         Directed          Total        Directed         Directed           Total
                                      -----------    --------------    -----------    -----------    --------------     -----------
                                                                                                      
Investments, at fair value:
   Mutual funds                       $ 3,039,317             --       $ 3,039,317    $ 2,714,184             --        $ 2,714,184
   Investment contract and
    money market portfolios               301,252             --           301,252        248,131             --            248,131
   Brown-Forman Corporation
    Class B common stock                   16,199             --            16,199         11,202             --             11,202
                                      -----------    --------------    -----------    -----------    --------------     -----------
                                        3,356,768             --         3,356,768      2,973,517             --          2,973,517
Employers' contributions receivable        36,112             --            36,112         30,990             --             30,990
Employees' contributions receivable        64,140             --            64,140         58,157             --             58,157
                                      -----------    --------------    -----------    -----------    --------------     -----------
Net assets available for benefits     $ 3,457,020             --       $ 3,457,020    $ 3,062,664             --        $ 3,062,664
                                      ===========    ==============    ===========    ===========    ==============     ===========


    The accompanying notes are an integral part of the financial statements.

                                       3


   Brown-Forman Corporation Savings Plan for Collectively Bargained Employees
           Statement of Changes in Net Assets Available for Benefits
                 For the Years Ended December 31, 2000 and 1999


                                                          2000                                            1999
                                      ----------------------------------------------  ---------------------------------------------
                                      Participant    Nonparticipant                   Participant    Nonparticipant
                                       Directed         Directed          Total        Directed         Directed           Total
                                      -----------    --------------    -----------    -----------    --------------     -----------
                                                                                                      
Additions:
   Contributions:
      Employer                        $   132,730             --       $   132,730    $   120,389             --        $   120,389
      Employee                            659,890             --           659,890        585,575             --            585,575
                                      -----------    --------------    -----------    -----------     -------------     -----------
                                          792,620             --           792,620        705,964             --            705,964

   Interest income                         15,441             --            15,441         11,418             --             11,418
   Dividend income                         21,138             --            21,138         18,235             --             18,235
   Net appreciation in fair value           --                --             --           500,885             --            500,885
                                      -----------    --------------    -----------    -----------    --------------     -----------
      Total additions                     829,199             --           829,199      1,236,502             --          1,236,502
                                      -----------    --------------    -----------    -----------    --------------     -----------

Deductions:
   Withdrawals by particpants             139,412             --           139,412        123,465             --            123,465
   Net depreciation in fair value         295,431             --           295,431          --                --              --
                                      -----------    --------------    -----------    -----------    --------------     -----------
      Total deductions                    434,843             --           434,843        123,465             --            123,465

Net increase                              394,356             --           394,356      1,113,037             --          1,113,037

Net assets available for benefits:
   Beginning of year                    3,062,664             --         3,062,664      1,949,627             --          1,949,627
                                      -----------    --------------    -----------    -----------    --------------     -----------

   End of year                        $ 3,457,020             --       $ 3,457,020    $ 3,062,664             --        $ 3,062,664
                                      ===========    ==============    ===========    ===========    ==============     ===========


    The accompanying notes are an integral part of the financial statements.

                                       4


   Brown-Forman Corporation Savings Plan for Collectively Bargained Employees
                         Notes to Financial Statements

 1.    Description of Plan:

       The sponsor of the Brown-Forman Corporation Savings Plan for Collectively
       Bargained Employees (the Plan), Brown-Forman Corporation (the Company),
       is a diversified producer and marketer of fine quality consumer products
       in domestic and international markets.  The Sponsor's operations include
       the production, importing, and marketing of wines and distilled spirits
       and the manufacture and sale of luggage and, through the Lenox,
       Incorporated division, the manufacture and sale of china, crystal and
       silver.

       The following brief description of the Plan is provided for general
       information purposes only.  Participants should refer to the plan
       agreement for more complete information.

       a. General: The Plan is a defined contribution plan covering
          substantially all union hourly employees of the Company at the
          Louisville Production Operations and/or Early Times Distillery and/or
          Bluegrass Cooperage Company.  An employee becomes eligible to
          participate in the Plan after the completion of twelve consecutive
          months of employment, provided the employee works a minimum of 1,000
          hours within the twelve-month period.  The Plan is subject to the
          provisions of the Employee Retirement Income Security Act of 1974
          (ERISA).

       b. Contributions:  Certain employees at the Louisville Production
          Operations and/or Early Times Distillery may contribute to the Plan an
          amount of not less than $10 nor more than $120 of their weekly
          compensation (an amount of not less than $10 nor more than $150 of
          their weekly compensation effective January 1, 2001).  Effective
          December 4, 2000, those employees who are members of Local Union 89 at
          the Louisville Production Operations and Early Times Distillery may
          contribute to the Plan an amount of not less than $10 nor more than
          $150 of their weekly compensation.  Employees at the Bluegrass
          Cooperage Company may contribute to the Plan an amount of not less
          than 2% nor more than 15% of their annual compensation.  Employee
          contributions are not to exceed the Section 402(g) (of the Internal
          Revenue Code of 1986) limitation for the calendar year, currently
          $10,500 ($10,000 in 1999).  New employees may transfer assets from
          their former employers' qualified plans to the Plan, but cannot make
          any further contributions to the Plan until they meet the eligibility
          requirements to participate in the Plan.

                                       5


          For certain employees at the Louisville Production Operations and/or
          Early Times Distillery, the Company shall contribute quarterly an
          amount equal to 50% of the participant's elective deferral for
          deferral amounts up to an average of $20 per week for each week of
          said quarter ($40 per week effective January 1, 2001 and $50 per week
          effective December 1, 2003).  Effective December 4, 2000, for
          employees who are members of Local Union 89 at the Louisville
          Production Operations and Early Times Distillery, the Company shall
          contribute quarterly an amount equal to 50% of the participant's
          elective deferral for deferral amounts up to an average of $40 per
          week for each week of said quarter ($50 per week effective
          December 1, 2003).

          For employees at the Bluegrass Cooperage Company, effective from
          October 1, 1998 to June 30, 1999, the company's matching contribution
          was equal to 25% of the participant's elective deferral for the first
          2% of the participant's annual compensation.  Effective July 1, 1999,
          the Company's matching contribution is equal to 25% of the
          participant's elective deferral for the first 3% of the participant's
          annual compensation.

          Each participant's account is credited with the participant's
          contribution and an allocation of (i) the Company's contribution on
          a quarterly basis, and (ii) plan earnings on a daily basis.
          Allocations are based on the participants' contributions and
          compensation as defined in the Plan.  The total annual contributions,
          as defined by the Plan, credited to a participant's account in a plan
          year may not exceed the lesser of (i) $30,000, or (ii) 25% of the
          participant's compensation in the plan year.  Additional maximum
          limits exist if the employee participates in a qualified defined
          benefit plan maintained by the Company.  Forfeited balances of
          terminated participants' nonvested accounts are used first to
          reinstate previously forfeited account balances of re-employed
          participants, if any, and the remaining amounts are used to reduce
          future company contributions.  The forfeited balances totaled $63
          for 2000 and there were no forfeited nonvested accounts for 1999.

          Participants can allocate contributions among various investment
          options in 1% increments.  The Plan currently offers ten mutual funds,
          one investment contract portfolio, and the Brown-Forman Corporation
          Class B common stock fund as investment options to participants.

       c. Vesting:  Participants are immediately vested in their employee
          contributions plus actual earnings thereon.  Vesting in the Company's
          contribution is 25% per year of continuous service with the Company.
          Participants will become 100% vested in their company contributions
          account in case of death, normal retirement, or total and permanent
          disability.

                                      6



       d. Withdrawals:  Upon termination of service, a participant can elect to
          transfer his vested interest in the Plan to the qualified plan of his
          new employer, roll over his funds into an Individual Retirement
          Account, or receive his vested interest in the Plan in a lump-sum
          amount or in the form of installment payments over a period of time
          not to exceed his life expectancy.  If the vested account balance is
          less than $5,000, a lump-sum distribution will be made.  In the event
          of death, the participant's beneficiary will receive the vested
          interest in a lump-sum payment.  Upon approval of the Employee
          Benefits Committee, a participant may also withdraw vested interest
          in the case of financial hardship under guidelines promulgated by the
          Internal Revenue Service.

          The distribution to a terminated participant is based on the market
          value of his vested interest in the Plan on the valuation date
          available immediately preceding the date of the benefit payment.


 2.    Summary of Significant Accounting Policies:

       a. Basis of Accounting:  The financial statements of the Plan are
          prepared under the accrual method of accounting.  Withdrawals by
          participants are recorded when paid.  Purchases and sales of
          securities are recorded on a trade-date basis.  Interest income is
          recorded on the accrual basis.  Dividends are recorded on the ex-
          dividend date.

       b. Valuation of Investments:  Investment contract and money market
          portfolios are valued at cost which approximates fair value.  Mutual
          funds are valued at their net asset value per share as quoted by the
          National Association of Securities Dealers.  The Brown-Forman
          Corporation Stock Fund is comprised of Brown-Forman Corporation
          Class B shares, which are valued at the quoted closing market price.

          The Plan presents in the accompanying statements of changes in net
          assets available for benefits the net appreciation or depreciation
          in the fair value of its investments which consists of the realized
          gains or losses and the unrealized appreciation or depreciation on
          those investments.

       c. Management Estimates:  The preparation of financial statements in
          conformity with generally accepted accounting principles requires
          management to make estimates and assumptions that affect the reported
          amounts of net assets available for benefits and disclosure of
          contingent assets and liabilities at the dates of the financial
          statements and the reported amounts of additions to and deductions
          from net assets during the reporting periods.  Actual results could
          differ from those estimates.

                                       7


 3.    Investments:

       The Plan's investments are held by a custodian trust company.  The
       following table presents the fair value of investments.  Investments
       that represent 5% or more of the Plan's net assets are separately
       identified.


                                                                    December 31
                                           --------------------------------------------------------------
                                                       2000                              1999
                                           ----------------------------      ----------------------------
                                             Number of                         Number of
                                           Shares, Units                     Shares, Units
                                           or Principal                      or Principal
                                              Amount         Fair Value         Amount         Fair Value
                                           -------------     ----------      -------------     ----------
                                                                                   

          Janus Worldwide Fund                    5,014     $   285,108             3,538     $   270,387
          Fidelity Magellan Fund                 15,154       1,807,921            12,727       1,738,837
          Fidelity Equity-Income Fund             7,257         387,763             5,764         308,285
          Fidelity Growth Company Fund            2,503         178,770             1,382         116,484
          Fidelity Asset Manager                 14,841         249,617            11,314         207,959
          Brown-Forman Corporation Class B
           Common Stock Fund                      1,471          16,199             1,177          11,202
          Other investments                     305,240         431,390           249,999         320,363
                                                             ----------                        ----------
                                                            $ 3,356,768                       $ 2,973,517
                                                             ==========                        ==========



       During 2000 and 1999, the Plan's investments, including investments
       bought, sold, and held during the year, appreciated (depreciated) in
       value as follows:

                                            2000                1999
                                         ----------          ----------
       Mutual funds                     $  (297,122)        $   502,725
       Brown-Forman Corporation
        Class B common stock                  1,691              (1,840)
                                         ----------          ----------
                                        $  (295,431)        $   500,885
                                         ==========          ==========


4.    Tax Status:

       The Internal Revenue Service has determined, and informed the Company
       by a letter dated December 18, 1996, that the Plan and related trust are
       designed in accordance with the applicable sections of the Internal
       Revenue Code (IRC).  The Plan has been amended since receiving the
       determination letter.  However, the Company believes that the Plan is
       designed and is currently being operated in compliance with the
       applicable requirements of the IRC.

                                       8


 5.    Plan Termination:

       Although it has not expressed any intent to do so, the Company has the
       right under the Plan to discontinue its contributions at any time and to
       terminate the Plan subject to the provisions of ERISA.  In the event of
       plan termination, participants will become 100% vested in their accounts.


 6.    Related Party Transactions:

       Certain administrative costs incurred by the Plan are paid by the
       Company.

                                       9



   Brown-Forman Corporation Savings Plan for Collectively Bargained Employees
                            Plan #016 EIN #61-0143150
                             Schedule H, Line 4i --
         Schedule of Assets Held for Investment Purposes at End of Year
                                December 31, 2000



                                  Description of Investment Including
Identity of Issue, Borrower,       Maturity Date, Rate of Interest,           Current
  Lessor or Similar Party          Collateral, Par or Maturity Value           Value
----------------------------      -----------------------------------       -----------
                                                                      

PBHG Growth Fund                Mutual fund, variable rate and maturity     $    78,068
Janus Enterprise Fund           Mutual fund, variable rate and maturity          42,882
Janus Worldwide Fund            Mutual fund, variable rate and maturity         285,108
PIMCO Total Return Fund         Mutual fund, variable rate and maturity           6,372
Fidelity Magellan Fund*         Mutual fund, variable rate and maturity       1,807,921
Fidelity Equity-Income Fund*    Mutual fund, variable rate and maturity         387,763
Fidelity Growth Company Fund*   Mutual fund, variable rate and maturity         178,770
Fidelity Asset Manager*         Mutual fund, variable rate and maturity         249,617
Fidelity Retirement Money       Money market portfolio, variable rate
 Market Portfolio*               and maturity                                   140,689
Managed Income Portfolio*       Investment contract portfolio, variable
                                 rate and maturity                              160,563
Spartan U.S. Equity
 Index Fund*                    Mutual fund, variable rate and maturity           2,816
Brown-Forman Corporation*       Class B common stock fund                        16,199
                                                                            -----------
                                                                            $ 3,356,768
                                                                            ===========

*Party-in-interest to the Plan



                                       10


   Brown-Forman Corporation Savings Plan for Collectively Bargained Employees
                            Plan #016 EIN #61-0143150
                             Schedule H, Line 4j --
                       Schedule of Reportable Transactions
                      For the Year Ended December 31, 2000


                                                                                  Expense                  Current Value
                                                  Purchase  Selling   Lease    Incurred with   Cost of      of Asset on     Net Gain
Identity of Party Involved  Description of Asset   Price     Price    Rental    Transaction     Asset    Transaction Date    (Loss)
--------------------------  --------------------  --------  -------   ------   -------------   -------   ----------------   --------
                                                                                                    

No reportable transactions.




                                       11



                                   Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Brown-Forman Corporation Savings Plan for Collectively Bargained Employees has
duly caused this report to be signed by the undersigned thereunto duly
authorized.


BROWN-FORMAN CORPORATION SAVINGS PLAN
 FOR COLLECTIVELY BARGAINED EMPLOYEES

BY:



/s/ Phoebe A. Wood
Phoebe A. Wood
Executive Vice President and
Chief Financial Officer
(On behalf of the Principal and
as Principal Financial Officer)

June 25, 2001

                                       12


                       Consent of Independent Accountants

We hereby consent to the incorporation by reference in the Registration
Statement on Form S-8 (No. 333-74567) of Brown-Forman Corporation of our report
dated May 3, 2001 relating to the financial statements and supplemental
schedules of the Brown-Forman Corporation Savings Plan for Collectively
Bargained Employees as of and for the years ended December 31, 2000 and 1999
which appear in this Form 11-K.






/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Louisville, Kentucky
June 25, 2001
                                       13