CONSTELLATION BRANDS, INC. — Director's Dealing 2004

Jan 20, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS INC (STZ)
CIK: 0000016918
Period of Report: 2004-01-15

Reporting Person: BRESLER GEORGE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-15	Class A Common Stock	M	12000	$20.5	Acquired	13436	Direct
2004-01-15	Class A Common Stock	S	12000	$32.6883	Disposed	1436	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-15	Non-Qualified Stock Option (right to buy)	$20.5	M	12000	Disposed	2011-09-26	Class A Common Stock (12000)	Direct