AFLAC INC — Director's Dealing 2008

Nov 6, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2008-11-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-11-05	Common Stock	M	20000	$21.1563	Acquired	107544	Direct
2008-11-05	Common Stock	S	22454	$49.0281	Disposed	85090	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-11-05	Employee Stock Option (right to buy)	$21.1563	M	20000	Disposed	2010-02-08	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3654	Indirect