AFLAC INC — Director's Dealing 2003

Aug 4, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2003-08-01

Reporting Person: AMOS JOHN SHELBY II (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-01	Common Stock	M	60000	$5.1563	Acquired	890644	Direct
2003-08-01	Common Stock	F	9746	$31.745	Disposed	880898	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-01	Employee Stock Option (right to buy)	$5.1563	M	60000	Disposed	2003-08-10	Common Stock (60000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	38838	Indirect
Common Stock	408955	Indirect