AFLAC INC — Director's Dealing 2008

Feb 22, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2008-02-21

Reporting Person: BLANCK SUSAN RYNEARSON (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-21	Common Stock	M	5000	$29.3438	Acquired	6668	Direct
2008-02-21	Common Stock	S	5000	$63.0238	Disposed	1668	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-21	Employee Stock Option (right to buy)	$29.3438	M	5000	Disposed	2011-01-22	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4364	Indirect
Common Stock	96	Indirect
Common Stock	6998	Indirect