AFLAC INC — Director's Dealing 2003

Sep 11, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2003-09-10

Reporting Person: KAN AKITOSHI (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-10	Common Stock	M	100000	$15.0469	Acquired	392581	Direct
2003-09-10	Common Stock	M	6834	$13.3125	Acquired	399415	Direct
2003-09-10	Common Stock	S	106834	$32.148	Disposed	292581	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-10	Employee Stock Option (right to buy)	$13.3125	M	6834	Disposed	2007-08-12	Common Stock (6834)	Direct
2003-09-10	Employee Stock Option (right to buy)	$15.0469	M	100000	Disposed	2008-06-24	Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3030	Indirect