AFLAC INC — Director's Dealing 2008

Jan 8, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AFLAC INC (AFL)
CIK: 0000004977
Period of Report: 2008-01-01

Reporting Person: TILLMAN AUDREY B (Executive Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2429	Direct
Common Stock	3162	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$15.0469	2008-06-24	Common Stock (10168)		Direct
Employee Stock Option (right to buy)	$21.1563	2010-02-08	Common Stock (10000)		Direct
Employee Stock Option (right to buy)	$23.65	2012-01-03	Common Stock (10000)		Direct
Employee Stock Option (right to buy)	$28.995	2011-07-30	Common Stock (15000)		Direct
Employee Stock Option (right to buy)	$31.705	2013-08-12	Common Stock (5000)		Direct
Employee Stock Option (right to buy)	$38.32	2014-08-10	Common Stock (5000)		Direct
Employee Stock Option (right to buy)	$38.75	2015-02-08	Common Stock (5000)		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
Stock Units	$		Common Stock (477)		Direct

Footnotes

F1: The option vests 1,666 shares on 08/10/05, 1,667 shares on 08/10/06, and 1,667 shares on 08/10/07.

F2: 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.