AFLAC INC — Director's Dealing 2004

Feb 10, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2004-02-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-09	Common Stock	M	9392	$7.9167	Acquired	337130	Direct
2004-02-09	Common Stock	F	1860	$39.985	Disposed	335270	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-09	Employee Stock Option (right to buy)	$7.9167	M	9392	Disposed	2006-02-13	Common Stock (9392)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20260	Indirect
Common Stock	7800	Indirect