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 ROBERT B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-01	Common Stock	A	671	—	Acquired	2794	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-01	Director Stock Option	$39.975	A	2000	Acquired	2014-09-01	Common Stock (2000)	Direct

Footnotes

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

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