AFLAC INC — Director's Dealing 2007

Feb 21, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2007-02-20

Reporting Person: HUDSON ELIZABETH J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-20	Common Stock	M	40000	$13.6563	Acquired	108025	Direct
2007-02-20	Common Stock	F	11282	$48.42	Disposed	96743	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-20	Employee Stock Option (right to buy)	$13.6563	M	40000	Disposed	2007-08-01	Common Stock (40000)	Direct