AFLAC INC — Director's Dealing 2006

Feb 23, 2006

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2006-02-14

Reporting Person: MATSUMOTO TAKAAKI (Sr Vice President-Aflac Japan)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3100	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$23.2344	2010-06-20	Common Stock (12000)		Direct
Employee Stock Option (right to buy)	$23.875	2009-11-30	Common Stock (8000)		Direct
Employee Stock Option (right to buy)	$31.705	2013-08-12	Common Stock (150)		Direct
Employee Stock Option (right to buy)	$40.425	2014-02-10	Common Stock (10000)		Direct
Employee Stock Option (right to buy)	$43.665	2015-08-09	Common Stock (12500)		Direct
Employee Stock Option (right to buy)	$47.25	2016-02-14	Common Stock (7500)		Direct

Footnotes

F1: The option vested 3,333 shares on 02/10/04; 3,333 shares on 02/10/05; and 3,334 shares on 02/10/06.

F2: The option vests 4,166 shares on 08/09/06; 4,167 shares on 08/09/07; and 4,167 shares on 08/09/08.