CINCINNATI FINANCIAL CORP — Director's Dealing 2006

Jan 5, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CINCINNATI FINANCIAL CORP (CINF)
CIK: 0000020286
Period of Report: 2006-01-03

Reporting Person: SCHERER J F (SALES & MARKETING)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-03	Common Stock	A	10	$45.07	Acquired	60900	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock 401K	1710	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$38.8	2014-01-19	Common Stock (16538)	16538	Direct
Employee Stock Option (right to buy)	$41.6285	2015-01-25	Common Stock (21000)	21000	Direct
Stock Option	$18	2006-02-03	Common Stock (3474)	3474	Direct
Stock Option	$18.59	2006-04-06	Common Stock (16538)	16538	Direct
Stock Option	$20.37	2007-04-05	Common Stock (8269)	8269	Direct
Stock Option	$20.85	2007-04-15	Common Stock (8269)	8269	Direct
Stock Option	$26.95	2010-01-25	Common Stock (16538)	16538	Direct
Stock Option	$30.6	2009-01-27	Common Stock (16538)	16538	Direct
Stock Option	$30.72	2008-08-24	Common Stock (11025)	11025	Direct
Stock Option	$32.45	2013-02-01	Common Stock (16538)	16538	Direct
Stock Option	$32.81	2011-01-31	Common Stock (16538)	16538	Direct
Stock Option	$34.96	2012-01-28	Common Stock (16538)	16538	Direct
Stock Option	$38.87	2008-02-07	Common Stock (16538)	16538	Direct

Footnotes

F1: The option is exercisable in three equal annual installments beginning on the first anniversary of the date of grant.