AFLAC INC — Director's Dealing 2008

Jul 31, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2008-07-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-29	Common Stock	M	57000	$24.98	Acquired	207368	Direct
2008-07-29	Common Stock	S	52000	$55.0248	Disposed	155368	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-07-29	Employee Stock Option (right to buy)	$24.98	M	57000	Disposed	2011-11-13	Common Stock (57000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6839	Indirect
Common Stock	65420	Indirect
Common Stock	1764	Indirect
Common Stock	46	Indirect
Common Stock	81446	Indirect