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: 2007-05-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-30	Common Stock	M	125000	$15.0469	Acquired	304362	Direct
2007-05-30	Common Stock	S	110000	$52.3485	Disposed	194362	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-30	Employee Stock Option (right to buy)	$15.0469	M	125000	Disposed	2008-06-24	Common Stock (125000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6459	Indirect
Common Stock	64420	Indirect
Common Stock	1741	Indirect
Common Stock	45	Indirect
Common Stock	26818	Indirect