AFLAC INC — Director's Dealing 2005

Feb 18, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2005-02-16

Reporting Person: MATSUI HIDEFUMI (Director, Chairman Aflac Japan)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-16	Common Stock	M	100000	$7.9167	Acquired	367701	Direct
2005-02-16	Common Stock	M	125000	$15.0469	Acquired	492701	Direct
2005-02-16	Common Stock	S	175000	$38.8979	Disposed	317701	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-16	Employee Stock Option (right to buy)	$7.9167	M	100000	Disposed	2006-02-13	Common Stock (100000)	Direct
2005-02-16	Employee Stock Option (right to buy)	$15.0469	M	125000	Disposed	2008-06-24	Common Stock (125000)	Direct