AFLAC INC — Director's Dealing 2005

May 31, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2005-05-27

Reporting Person: JANKE KENNETH S JR (Sr. Vice-President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-27	Common Stock	M	29004	$7.9167	Acquired	141332	Direct
2005-05-27	Common Stock	S	1300	$41.36	Disposed	140032	Direct
2005-05-27	Common Stock	S	27704	$41.26	Disposed	112328	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-27	Employee Stock Option (right to buy)	$7.9167	M	29004	Disposed	2006-02-13	Common Stock (29004)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2614	Indirect
Common Stock	36000	Indirect