AFLAC INC — Director's Dealing 2004

Feb 12, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2004-02-10

Reporting Person: LAKE CHARLES D II (President AFLAC Japan)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-10	Employee Stock Option (right to buy)	$40.425	A	35000	Acquired	2014-02-10	Common Stock (35000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	426	Indirect

Footnotes

F1: Since the date of the reporting person's last ownership, he transferred shares of AFLAC Incorporated Common Stock to his ex-wife pursuant to a domestic relation order.

F2: The option vested 11,666 shares on 2/10/04; 11,667 shares on 02/10/05; and 11,667 shares on 02/10/06.