Exhibit 5, 23(b)


                    BECKMAN, WEIL, SHEPARDSON AND FALLER, LLC
                                Attorneys at Law
                  120 E. Fourth Street, 1200 Mercantile Center
                              Cincinnati, OH 45202
                  Fax (513) 621-0106 - Telephone (513) 621-2100

                                                         Writer's E-Mail Address
                                                    pshepardson@beckman-weil.com


                               February 26, 2003


Cincinnati Financial Corporation
Cincinnati Financial Center
Post Office Box 145496
Cincinnati, Ohio 45214-5496

Gentlemen:

        With respect to the Registration Statement on Form S-8 filed by
Cincinnati Financial Corporation with the Securities and Exchange Commission for
the purpose of registering under the Securities Act of 1933, as amended, 100,000
shares of Common Stock of Cincinnati Financial Corporation, we have examined
such documents and questions of law as we have considered necessary or
appropriate for the purpose of this opinion and, on the basis of such
examination, we advise you that, in our opinion, when the stock has been issued
as contemplated by the Registration Statement and by the Cincinnati Financial
Corporation 2003 Non-Employee Directors' Stock Plan, the stock will be legally
issued, fully paid and non-assessable.

        We consent to the filing of this opinion as an exhibit to the
Registration Statement.


                               Very sincerely yours,

                               BECKMAN, WEIL, SHEPARDSON AND FALLER, LLC



                               By: /s/ W. Philip Shepardson, Jr.
                                  --------------------------------------
                                  W. Philip Shepardson, Jr.

WPS/kg




                                       14