AFLAC INC — Director's Dealing 2007

Feb 8, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2007-02-07

Reporting Person: KNAPP CHARLES B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-07	Common Stock	M	40000	$13.6563	Acquired	64000	Direct
2007-02-07	Common Stock	S	21595	$48.83	Disposed	42405	Direct
2007-02-07	Common Stock	S	2000	$48.85	Disposed	40405	Direct
2007-02-07	Common Stock	S	600	$48.82	Disposed	39805	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-07	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	6000	Indirect