AFLAC INC — Director's Dealing 2007

Aug 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2007-07-31

Reporting Person: AMOS JOHN SHELBY II (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-31	Common Stock	M	40000	$13.6563	Acquired	920898	Direct
2007-07-31	Common Stock	S	40000	$53.3267	Disposed	880898	Direct
2007-07-31	Common Stock	S	150000	$52.9565	Disposed	730898	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-31	Employee Stock Option (right to buy)	$13.6563	M	40000	Disposed	2007-08-01	Common Stock (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	24717	Indirect
Common Stock	4553	Indirect
Common Stock	330157	Indirect