AFLAC INC — Director's Dealing 2004

Feb 25, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2004-02-24

Reporting Person: CLONINGER KRISS III (Director, Pres. AFLAC Incorporated & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-24	Common Stock	M	110000	$7.9167	Acquired	275155	Direct
2004-02-24	Common Stock	S	70000	$40.98	Disposed	205155	Direct
2004-02-24	Common Stock	G	10000	—	Disposed	195155	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-24	Employee Stock Option (right to buy)	$7.9167	M	110000	Disposed	2006-02-13	Common Stock (110000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5443	Indirect
Common Stock	50000	Indirect
Common Stock	1724	Indirect