BROWN FORMAN CORP
SC 13G/A, 1996-02-13
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<PAGE>
 
                                              ------------------------------- 
                                              /        OMB APPROVAL         / 
                                              / OMB               3235-0145 / 
                                              / Expires         31 Aug 1982 / 
                                              ------------------------------- 


                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549


                                  SCHEDULE 13G



                   Under the Securities Exchange Act of 1934
                              (Amendment No. 17)*


                            BROWN-FORMAN CORPORATION
                      ------------------------------------
                                (Name of Issuer)

                              CLASS A COMMON STOCK
                      ------------------------------------
                         (Title of Class of Securities)

                                   115637-10-0
                                   -----------
                                 (CUSIP Number)


Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


                       (Contiinued on following page(s))

                               Page 1 of 4 Pages
 

SEC 1745 (1-82)
<PAGE>

- -----------------------                                  ---------------------
 CUSIP NO. 115637-10-0               13G                   PAGE 2 OF 4 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
           W. L. LYONS BROWN, JR.                                               
           # ###-##-####                                                       
                          
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
           N/A                                                  (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
           

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4                                 
           United States of America

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5                                                       
     NUMBER OF                                                  397,734
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6       
                                                             14,002,670
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7       
    REPORTING                                                   397,734
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8       
                                                             14,002,670
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9                           
                                                             14,400,404
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10           
 
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11           
                                                                  49.7%      

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12           
                                                                    IN

- ------------------------------------------------------------------------------


<PAGE>
 
 

Item 1(a)      Name of Issuer:

             Brown-Forman Corporation

Item 1(b)      Address of Issuer's Principal Executive Offices:

             850 Dixie Highway
             Louisville, Kentucky  40210

Item 2(a)      Name of Person Filing:

             W. L. Lyons Brown, Jr.
             
Item 2(b)      Address of Principal Business Office:

             501 Fourth Avenue
             Louisville, Kentucky  40202

Item 2(c)      Citizenship:

             United States of America

Item 2(d)      Title of Class of Securities:

             Class A Common Stock
             
Item 2(e)      CUSIP Number:

             115637-10-0

Item 3.      

             Not applicable

Item 4.        Ownership.

     The amount of shares beneficially owned by the undersigned as of December
31, 1995, is as follows:

     (a) Amount Beneficially Owned:                                   14,400,404

     (b) Percent of Class:                                                 49.7%

     (c) Number of shares as to which such person has:               
         (i)   sole power to vote or to direct the vote                  397,734
         (ii)  shared power to vote or to direct the vote             14,002,670
         (iii) sole power to dispose or to direct the                           
               disposition of                                            397,734
         (iv)  shared power to dispose or to direct the
               disposition of                                         14,002,670

                                                               Page 3 of 4 pages
<PAGE>
 
                                  SCHEDULE G 
                                  

Item 5         Ownership of Five Percent or Less of a Class.

          Not applicable

Item 6         Ownership of More than Five Percent on Behalf of Another Person.

          Other persons have the right to receive income from trusts holding
Brown-Forman, Inc. Class A Common Stock, as to which stock the undersigned has
sole or shared voting power. The following persons are sole income beneficiaries
of certain of these trusts which hold, respectively, more than 5% of the
outstanding shares of such Class A Common Stock:   Sara S. Brown.

Item 7         Identification and Classification of the Subsidiary Which
               Acquired the Security Being Reported on by the Parent Holding
               Company.

          Not applicable

Item 8         Identification and Classification of Members of the Group.

          Not applicable

Item 9         Notice of Dissolution of Group.

          Not applicable

Item 10        Certification.

          Not applicable


                              __________________

     After reasonable inquiry and to the best of my knowledge and belief, I 
certify that the information set forth in this statement is true, complete and 
correct.


February 8, 1996
______________________________
Date


/s/ W. L. Lyons Brown, Jr.
______________________________
Signature

W. L. Lyons Brown, Jr.
______________________________
Name, Title

                                                               Page 4 of 4 pages



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