FORM 5		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number:  3235-0362 Expires:  January 31, 2005 Estimated average burden hours per response.........1.0
[   ]		Check this box if no longer subject to Section 16. Form 4 or Form 5 obli- gations may continue. See Instruc- tion 1(b).
[   ]		Form 3 Holdings Reported
[   ]		Form 4 Transactions Reported

1. Name and Address of Reporting Person*           O'Bryant, Allan

2. Issuer Name and Ticker or Trading Symbol  AFLAC INCORPORATED (AFL)

6. Relationship of Reporting Person(s) to Issuer                   (Check all applicable)

Director

10% Owner

X

Officer (give title below)

Other (specify below)

President AFLAC Int'l Inc.

(Last)                    (First)                (Middle) 7405 Winding Ridge Road

3. I.R.S. Identification    Number of Reporting    Person, if an entity    (Voluntary)

4. Statement for Month/Year 12/31/2002

7. Individual or Joint/Group Reporting               (check applicable line)

5. If Amendment, Date of     Original (Month/Year)

X

Form Filed by One Reporting Person

(Street) Columbus, GA 31904

Form Filed by More than One Reporting Person

(City)                      (State)                  (Zip)

Table I ¾  Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security     (Instr. 3)

2. Trans-     action     Date    (Month/     Day/    Year)

2A. Deemed       Execu-       tion       Date, if       any      (Month/       Day/       Year)

3. Trans-     action     Code     (Instr.8)

4. Securities Acquired (A) or     Disposed of (D)     (Instr. 3, 4 and 5)

5. Amount of     Securities Ben-     eficially Owned     at end of     Issuer's Fiscal     Year     (Instr. 3 and 4)

6. Owner-     ship     Form: Di-     rect (D)     or Indi-     rect (I)     (Instr. 4)

7. Nature of     Indirect     Beneficial     Ownership    (Instr. 4)

Amount

(A) or   (D)

Price

* If the form is filed by more than one reporting person, see instruction 4(b)(v). Persons who respond to the collection of information contained in
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SEC2270 (9-02)

FORM 5 (continued)

Table II ¾  Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative     Security (Instr. 3)

2. Conver-     sion or     Exercise     Price of     Deriva-     tive Sec-     urity

3. Trans     -action     Date    (Month/     Day/     Year)

3A. Deem       -ed Ex-       ecution       Date, if       any      (Month/        Day/        Year)

4. Trans-     action     Code     (Instr.8)

5. Number of Deriva-     tive Securities Ac-     quired (A) or Dis-     posed of (D)     (Instr. 3, 4 and 5)

6. Date Exercis-     able and Expi-     ration Date     (Month/Day/      Year)

7. Title and Amount of Underly-     ing Securities     (Instr. 3 and 4)

8. Price     of     De-     riva-     tive     Secu-     rity  (Instr. 5)

9. Number    of De-    rivative    Securi-    ties Ben-    eficially    Owned    at End of    Year    (Instr. 4)

10. Owner-       ship of       Deriva-       tive Se-       curity:       Direct       (D) or       Indirect       (I)       (Instr. 4)

11. Nature of      Indirect      Benefi-      cial      Owner-      ship      (Instr. 4)

(A)

(D)

Date   Exer-   cisable

Expira-   tion   Date

Title

Amount or  Number of  Shares

Stock Units

12/31/01 (1)

I

1,295

(1)

Common Stock

1,295

(1)

D

Stock Units

12/31/02 (2)

I

5,273

(2)

Common Stock

5,273

(2)

19,022

D

Explanation of Responses:

(1) The phantom stock units were accrued under AFLAC Incorporated Executive Deferred Compensation Plan (EDCP). The EDCP holds Stock Units on the
reporting party's behalf representing the value of the Common Stock. The stock units were accrued between 06/01/01 to 12/31/01 at prices ranging from
$24.6685 to $33.2525.
(2) The phantom stock units were accrued under AFLAC Incorporated's Executive Deferred Compensation Plan (EDCP). The EDCP holds Stock Units on the
reporting party's behalf representing the value of the Common Stock. The stock units were accrued between 01/01/02 through 06/06/02 at prices ranging from
$26.4589 to $31.1944.

**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations.	**Signature of Reporting Person	Date
	See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	By: Patricia A. Bell For: Allan O'Bryant

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