AFLAC INC — Director's Dealing 2003

Feb 24, 2003

3 1 cleland.htm AFLAC INCORPORATED FORM 3 Form 3

(Print or Type Responses)

1. Name and Address of Reporting Person* Cleland, Joseph Maxwell — (Last) (First) (Middle) 1320 North Veitch Street	2. Date of Event Requiring Statement (Month/Day/Year) 02/11/03 — 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)	4. Issuer Name and Ticker or Trading Symbol AFLAC INCORPORATED (AFL) — 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)			6. If Amendment, Date of Original (Month/Day/Year)
		X	Director	10% Owner
(Street) Arlington, VA 22201			Officer (give title below)	Other (specify below)	7. Individual or Joint/Group Filing (Check Applicable Line)
					X	Form filed by One Reporting Person
(City) (State) (Zip)						Form filed by More than One Reporting Person
Table I ¾ Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)		3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)		4. Nature of Indirect Beneficial Ownership (Instr. 5)

If the form is filed by more than one reporting person, see Instruction 5(b)(v).
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.	(Over) SEC 1473 (7-02)

FORM 3 (continued) — 1.Title of Derivative Security (Instr. 4)	2.Date Exer- cisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conver- sion or Exercise Price of Deri- vative Security	5. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) (Instr. 5)
	Date Exer- cisable	Expira- tion Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy) (1)	(2)	02/11/13	Common Stock	10,000	$31.4650	D

Explanation of Responses:
(1) Granted under the AFLAC Incorporated 1997 Stock Option Plan, which is a rule 16b-3 plan with tandem tax withholding rights. (2) The option becomes exercisable in five equal annual installments beginning February 11, 2003.

**	**Signature of Reporting Person	Date
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	By: Patricia A. Bell For: Joseph Maxwell Cleland	02/24/03

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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