EXHIBIT 11.0

AFLAC INCORPORATED AND SUBSIDIARIES
Computation of Earnings Per Share

			Three Months Ended				Six Months Ended
			June 30,				June 30,
			2002		2001		2002		2001
Numerator (in millions):
	Basic:  net earnings applicable
	to common stock	$	212	$	153	$	395	$	332
	Diluted:  net earnings applicable
	to common stock		212		153		395		332
Denominator (in thousands):
	Average outstanding shares used in the
	computation of earnings per share - basic		518,077		525,786		518,771		526,976
	Average outstanding shares used in the
	computation of earnings per share - basic		518,077		525,786		518,771		526,976
	Dilutive effect of stock options		11,529		13,365		10,842		13,477
	Average outstanding shares used in the
	computation of earnings per share - diluted		529,606		539,151		529,613		540,453
Earnings per share:
	Basic	$	.41	$	.29	$	.76	$	.63
	Diluted		.40		.28		.75		.61

EXH 11-1