AFLAC INC — Director's Dealing 2005

Jun 3, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2005-06-02

Reporting Person: YAMAUCHI HIROSHI (First Sr VP - Aflac Japan)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-06-02	Common Stock	M	50000	$15.0469	Acquired	71300	Direct
2005-06-02	Common Stock	S	35000	$42.4829	Disposed	36300	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-06-02	Employee Stock Option (right to buy)	$15.0469	M	50000	Disposed	2008-06-24	Common Stock (50000)	Direct