AFLAC INC — Director's Dealing 2007

May 31, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2007-05-29

Reporting Person: JANKE KENNETH S JR (Sr. Vice-President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-29	Common Stock	M	13356	$15.0469	Acquired	105814	Direct
2007-05-29	Common Stock	M	6644	$15.0469	Acquired	112458	Direct
2007-05-29	Common Stock	S	20000	$52.0897	Disposed	92458	Direct
2007-05-29	Common Stock	G	300	—	Acquired	3279	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-29	Employee Stock Option (right to buy)	$15.0469	M	13356	Disposed	2008-06-24	Common Stock (13356)	Direct
2007-05-29	Employee Stock Option (right to buy)	$15.0469	M	6644	Disposed	2008-06-24	Common Stock (6644)	Direct