AFLAC INC — Director's Dealing 2008

Feb 14, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2008-02-12

Reporting Person: WHITE TERESA L (Sr. Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8193	Direct
Common Stock	3123	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$38.32	2014-08-10	Common Stock (2333)		Direct
Employee Stock Option (right to buy)	$38.75	2015-02-08	Common Stock (5000)		Direct
Employee Stock Option (right to buy)	$39.8	2014-10-11	Common Stock (6334)		Direct
Employee Stock Option (right to buy)	$47.25	2016-02-14	Common Stock (5000)		Direct
Employee Stock Option (right to buy)	$47.84	2017-02-13	Common Stock (5000)		Direct
Employee Stock Option (right to buy)	$61.81	2018-02-12	Common Stock (6000)		Direct
Restricted Shares	$0	2009-02-14	Common Stock (2500)		Direct
Restricted Shares	$0	2010-02-13	Common Stock (2500)		Direct
Stock Units	$		Common Stock (1189)		Direct

Footnotes

F1: The option vested 666 shares on 08/10/05 and 1,667 shares on 08/10/06.

F2: The option vested 3,333 shares on 10/11/06 and 3,001 shares on 10/11/07.

F3: Granted under the 2004 Aflac Incorporated Long-Term Incentive Plan.

F4: The phantom stock units were accrued under Aflac's Executive Deferred Compensation Plan (EDCP). The EDCP holds stock units on the reporting party's behalf representing the value of the common stock.