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: SPENCER KATHELEN V (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-10	Common Stock	S	14000	$32.0602	Disposed	132490	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5658	Indirect
Common Stock	54680	Indirect
Common Stock	41203	Indirect