AFLAC INC — Director's Dealing 2005

May 9, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: KAN AKITOSHI (Chairman AFLAC International)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-05	Common Stock	M	50000	$22.5	Acquired	340778	Direct
2005-05-05	Common Stock	M	50000	$24.98	Acquired	390778	Direct
2005-05-05	Common Stock	S	100000	$40.64	Disposed	290778	Direct
2005-05-05	Common Stock	G	5	—	Acquired	4896	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-05	Employee Stock Option (right to buy)	$22.5	M	50000	Disposed	2009-12-16	Common Stock (50000)	Direct
2005-05-05	Employee Stock Option (right to buy)	$24.98	M	50000	Disposed	2011-11-13	Common Stock (50000)	Direct