AFLAC INC — Director's Dealing 2004

Sep 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2004-09-01

Reporting Person: JOHNSON DOUGLAS WAYNE (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-01	Director Stock Option	$39.975	A	4000	Acquired	2014-09-01	Common Stock (4000)	Direct

Footnotes

F1: Granted under the 2004 AFLAC Incorporated Long-Term Incentive Plan.

F2: The option becomes exercisable in four equal annual installments on September 1, 2005, 2006, 2007, and 2008.