AFLAC INC — Director's Dealing 2006

Feb 7, 2006

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2006-01-31

Reporting Person: ARAI YUJI (Sr Vice President-Aflac Japan)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1578	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$13.3125	2007-08-12	Common Stock (4000)		Direct
Employee Stock Option (right to buy)	$23.2344	2010-06-20	Common Stock (6000)		Direct
Employee Stock Option (right to buy)	$23.875	2009-11-30	Common Stock (4000)		Direct
Employee Stock Option (right to buy)	$30.925	2012-05-28	Common Stock (16000)		Direct
Employee Stock Option (right to buy)	$40.425	2014-02-10	Common Stock (30000)		Direct

Footnotes

F1: The option vested 1,333 on 08/12/97, 1,333 on 8/12/98, and 1,334 on 08/12/99.

F2: The option vests 10,000 on 2/10/04, 10,000 on 2/10/05, and 10,000 on 2/10/06.