Exhibit 99.3

                        CINCINNATI FINANCIAL CORPORATION

                               Offer to Exchange

              Any and all outstanding 6.125% Senior Notes due 2034
                                      for
                          6.125% Senior Notes due 2034
          which have been registered under the Securities Act of 1933

 THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON ______ __,
                2005, UNLESS EXTENDED BY THE COMPANY IN ITS SOLE
                                  DISCRETION.

                                                               ________ __, 2004

To Our Clients:

      Enclosed for your consideration are a Prospectus, dated _______ ___, 2004
(the "Prospectus"), and form of Letter of Transmittal (the "Letter of
Transmittal"), relating to the offer (the "Exchange Offer") by Cincinnati
Financial Corporation (the "Company") to exchange up to $375,000,000 aggregate
principal amount of outstanding 6.125% Senior Notes due 2034 (collectively, the
"Outstanding Notes"), for up to $375,000,000 aggregate principal amount of the
Company's 6.125% Senior Notes due 2034, which have been registered under the
Securities Act of 1933, as amended (collectively, the "Exchange Notes"). The
terms of the Exchange Notes are identical in all material respects (including
principal amount, interest rate and maturity) to the terms of the Outstanding
Notes for which they may be exchanged pursuant to the Exchange Offer, except
that the Exchange Notes are freely transferable by holders thereof, upon the
terms and subject to the conditions of the enclosed Prospectus, and the Exchange
Notes will not be subject to any increase in annual interest rate. The Exchange
Offer is being made in order to satisfy certain obligations of the Company
contained in the Registration Rights Agreement dated as of November 1, 2004 by
and between the Company and the initial purchasers of the Outstanding Notes
referred to therein. The Company will accept for exchange any and all
Outstanding Notes properly tendered according to the terms of the Prospectus and
the Letter of Transmittal. Consummation of the Exchange Offer is subject to
certain conditions described in the Prospectus.

      This material is being forwarded to you as the beneficial owner of
Outstanding Notes held by us for your account but not registered in your name. A
tender of such Outstanding Notes may only be made by us as the registered holder
and pursuant to your instructions. Therefore, the Company urges beneficial
owners of Outstanding Notes registered in the name of a broker, dealer,
commercial bank, trust company or other nominee to contact such registered
holder promptly if such beneficial owners wish to tender Outstanding Notes in
the Exchange Offer.

      Accordingly, we request instructions as to whether you wish to tender any
or all of such Outstanding Notes held by us for your account, pursuant to the
terms and conditions set forth in the enclosed Prospectus and Letter of
Transmittal. If you wish to have us do so, please so instruct us by completing,
executing and returning to us the instruction form that appears on the reverse
side hereof. We urge you to read carefully the Prospectus and the Letter of
Transmittal before instructing us as to whether or not to tender your
Outstanding Notes. The Letter of Transmittal is furnished to you for information
only and may not be used directly by you to tender your Outstanding Notes.



                                  INSTRUCTIONS

      The undersigned acknowledge(s) receipt of your letter and the enclosed
material referred to therein relating to the Exchange Offer by the Company with
respect to the Outstanding Notes.

      This will instruct you, the registered holder, to tender the principal
amount of the Outstanding Notes indicated below held by you for the account of
the undersigned, upon the terms and subject to the conditions set forth in the
Prospectus and the Letter of Transmittal.

Principal Amount Held for                  Principal Amount to be Tendered*
Account Holder(s)





*     Unless otherwise indicated, the entire principal amount held for the
      account of the undersigned will be tendered.

                                   SIGN HERE

Dated___________________________________________________________________________

Signature(s)____________________________________________________________________

Print Name(s)___________________________________________________________________

Address:________________________________________________________________________
                            (Please include Zip Code)

Telephone Number________________________________________________________________
                           (Please include Area Code)

Tax Identification Number_______________________________________________________
                      (Social Security Number or Employer Identification Number)

My Account Number With You______________________________________________________

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