AFLAC INC — Director's Dealing 2004

May 19, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2004-05-18

Reporting Person: LOUDERMILK JOEY M (Exec. VP & Corporate Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-18	Common Stock	S	20000	$41.12	Disposed	305270	Direct
2004-05-18	Common Stock	S	10000	$41.07	Disposed	295270	Direct
2004-05-18	Common Stock	S	10000	$41.18	Disposed	285270	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20295	Indirect
Common Stock	7800	Indirect