AFLAC INC — Director's Dealing 2004

Feb 26, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2004-02-25

Reporting Person: COX KERMITT L (Sr Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-25	Common Stock	M	12085	$7.9167	Acquired	44752	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-25	Employee Stock Option (right to buy)	$7.9167	M	12085	Disposed	2006-02-13	Common Stock (12085)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	508	Indirect