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: 2005-06-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-06-01	Common Stock	M	122112	$7.9167	Acquired	259842	Direct
2005-06-01	Common Stock	S	80000	$41.9326	Disposed	179842	Direct
2005-06-01	Common Stock	G	10000	—	Disposed	169842	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-06-01	Employee Stock Option (right to buy)	$7.9167	M	122112	Disposed	2006-02-13	Common Stock (122112)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5771	Indirect
Common Stock	57500	Indirect
Common Stock	1716	Indirect
Common Stock	50275	Indirect