AFLAC INC — Director's Dealing 2007

Nov 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2007-11-19

Reporting Person: CLONINGER KRISS III (Director, Pres. Aflac Incorporated & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-19	Common Stock	M	100000	$21.1563	Acquired	269216	Direct
2007-11-19	Common Stock	S	95274	$60.7825	Disposed	173942	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-19	Employee Stock Option (right to buy)	$21.1563	M	100000	Disposed	2010-02-08	Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6459	Indirect
Common Stock	64420	Indirect
Common Stock	1751	Indirect
Common Stock	45	Indirect
Common Stock	54864	Indirect