AFLAC INC — Director's Dealing 2005

Feb 4, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2005-02-03

Reporting Person: AMOS DANIEL P (Director, Chairman of the Board/CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-23	Common Stock	G	870	—	Disposed	956180	Direct
2004-11-26	Common Stock	G	264	—	Acquired	956444	Direct
2004-11-30	Common Stock	G	580	—	Disposed	955864	Direct
2005-02-03	Common Stock	G	3040	—	Disposed	952824	Direct
2004-11-29	Common Stock	G	119240	—	Disposed	4715962	Indirect
2005-02-03	Common Stock	M	37892	$7.9167	Acquired	183853	Indirect
2005-02-03	Common Stock	F	7743	$38.745	Disposed	176110	Indirect
2004-11-29	Common Stock	G	56400	—	Disposed	312700	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-08	Employee Stock Option (right to buy)	$7.9167	I	90004	Acquired	2006-02-13	Common Stock (90004)	Indirect
2005-02-03	Employee Stock Option (right to buy)	$7.9167	M	37892	Disposed	2006-02-13	Common Stock (37892)	Indirect
2005-01-08	Employee Stock Option (right to buy)	$15.0469	I	30000	Acquired	2008-06-24	Common Stock (30000)	Indirect
2005-01-08	Employee Stock Option (right to buy)	$21.1563	I	30000	Acquired	2010-02-08	Common Stock (30000)	Indirect
2005-01-08	Employee Stock Option (right to buy)	$25.495	I	50000	Acquired	2011-12-10	Common Stock (50000)	Indirect
2005-01-08	Employee Stock Option (right to buy)	$30.575	I	25000	Acquired	2012-08-13	Common Stock (25000)	Indirect
2005-01-08	Employee Stock Option (right to buy)	$31.465	I	35000	Acquired	2013-02-11	Common Stock (35000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	58185	Indirect
Common Stock	5733	Indirect
Common Stock	11021	Indirect

Footnotes

F1: The reporting person acquired beneficial ownership of these shares upon his marriage to the owner of the shares on 01/08/05.