CINCINNATI FINANCIAL CORP - Director's Dealing 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: BENOSKI JAMES E (Director, VICE CHAIRMAN & CIO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-03	Common Stock	A	10	$45.07	Acquired	103726	Direct

Security	Shares	Ownership
Common Stock	35372	Indirect

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$26.95	2010-01-25	Common Stock (48460)	48460	Direct
Employee Stock Option (right to buy)	$30.6	2009-01-27	Common Stock (3675)	3675	Direct
Employee Stock Option (right to buy)	$30.72	2008-08-24	Common Stock (1400)	1400	Direct
Employee Stock Option (right to buy)	$32.45	2013-02-01	Common Stock (55125)	55125	Direct
Employee Stock Option (right to buy)	$32.81	2011-01-31	Common Stock (55125)	55125	Direct
Employee Stock Option (right to buy)	$34.96	2012-01-28	Common Stock (55125)	55125	Direct
Employee Stock Option (right to buy)	$38.8	2014-01-19	Common Stock (55125)	55125	Direct
Employee Stock Option (right to buy)	$38.87	2008-02-07	Common Stock (6615)	6615	Direct
Employee Stock Option (right to buy)	$41.6285	2015-01-25	Common Stock (63000)	63000	Direct

F2: The option is exercisable in three equal annual installments beginning on the first anniversary of the date of grant.

F1: Share amounts have been adjusted for a 5% Stock Dividend, record date April 30, 2004, paid June 15, 2004.