Jim Beam to Donate $100,000 to The Michael Andretti Foundation

      First donation of $20,000 goes to Purdue University to support
                            alcohol education

   WHAT:     Jim Beam will continue its support of The Michael Andretti
             Foundation and donate another $100,000 as part of the company's
             ongoing initiative to promote the importance of responsible
             consumption by legal-purchase age adults.  On Thursday, May 27,
             Jim Beam and Andretti will be part of a formal press conference
             at the Indianapolis Motor Speedway to announce the renewed
             partnership.

             Throughout the 2004 Indy Racing League (IRL) IndyCar(R) Series
             season, Andretti will make donations from this $100,000 fund to
             local universities in various race markets, including $20,000
             to Purdue University in Indianapolis, to finance The Century
             Council's Alcohol 101 Plus(TM) education program and to provide
             colleges the opportunity to start an alcohol education program
             or to augment existing efforts.

   WHO:      Michael Andretti, The Michael Andretti Foundation; Aaron Brost,
             Jim Beam Brands; Pablo Malavenda, Purdue University; Pam Beer,
             The Century Council.

   WHEN:     Carburetion Day; Thursday, May 27 at 10:15 a.m. (Central Time)

   WHERE:    Indianapolis Motor Speedway Media Center - Trackside Conference
             Room, 4790 W. 16th Street, Indianapolis, IN 46222,
             P: (317) 492-8500.

   BACK-GROUND:   In 2003, Jim Beam became the first major contributor to
                  The Michael Andretti Foundation and continues the
                  partnership with the donated funds now totaling $200,000
                  in order to communicate the importance of responsibility
                  when it comes to drinking alcohol.

                  Jim Beam is a committed advocate of responsible
                  consumption.  Through The Century Council, Jim Beam and
                  other leading distillers have invested more than $130
                  million in social responsibility initiatives, primarily in
                  the areas of primarily in the areas of underage drinking
                  and drunk driving.

                  Jim Beam is building upon its current "Drink Smart(R)"
                  responsibility platform to increase alcohol education
                  opportunities and assist in the reduction of underage
                  drinking and drunk driving.

                  ###

                  Jim Beam(R) Kentucky Straight Bourbon Whiskey,
                  40% Alc./Vol.
                  James B. Beam Distilling Co., Clermont, KY
                  www.jimbeam.com

   CONTACT:  Susie Behm
             Jim Beam Racing
             (336) 778-2308
             susie.behm@keystonemarketing.net