AFLAC INC — Director's Dealing 2003

Dec 17, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2003-12-15

Reporting Person: AMOS DANIEL P (Director, Chairman of the Board/CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-09	Common Stock	M	148000	$8.4844	Acquired	1312534	Direct
2003-12-09	Common Stock	F	71886	$35.55	Disposed	1240648	Direct
2003-12-15	Common Stock	G	234015	—	Disposed	1006633	Direct
2003-08-19	Common Stock	G	20000	—	Disposed	5569888	Indirect
2003-11-03	Common Stock	G	274718	—	Disposed	5295170	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-09	Employee Stock Option (right to buy)	$8.4844	M	148000	Disposed	2006-08-13	Common Stock (148000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	309	Indirect
Common Stock	123714	Indirect
Common Stock	199000	Indirect