-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TCKi2GuwXEK3ISZ4PbZMATonNfH8jtsppaRB5ZBBMbK5uEdUhWrC0m40Lwstz9/o
 ujMbBiuqpfz/KR5miEjOmw==

<SEC-DOCUMENT>0000950123-09-018027.txt : 20090626
<SEC-HEADER>0000950123-09-018027.hdr.sgml : 20090626
<ACCEPTANCE-DATETIME>20090626165313
ACCESSION NUMBER:		0000950123-09-018027
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20081231
FILED AS OF DATE:		20090626
DATE AS OF CHANGE:		20090626

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AFLAC INC
		CENTRAL INDEX KEY:			0000004977
		STANDARD INDUSTRIAL CLASSIFICATION:	ACCIDENT & HEALTH INSURANCE [6321]
		IRS NUMBER:				581167100
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07434
		FILM NUMBER:		09913595

	BUSINESS ADDRESS:	
		STREET 1:		1932 WYNNTON RD
		CITY:			COLUMBUS
		STATE:			GA
		ZIP:			31999
		BUSINESS PHONE:		7063233431

	MAIL ADDRESS:	
		STREET 1:		1932 WYNNTON ROAD
		CITY:			COLUMBUS
		STATE:			GA
		ZIP:			31999

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN FAMILY CORP
		DATE OF NAME CHANGE:	19920306
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>g19591e11vk.htm
<DESCRIPTION>11-K
<TEXT>
<HTML>
<HEAD>
<TITLE>11-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 16pt; margin-top: 12pt"><B>FORM 11-K</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">(Mark One)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>&#091;X&#093; ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE</B> <B>ACT OF 1934</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">For the fiscal year ended December&nbsp;31, 2008
</DIV>

<DIV align="center" style="font-size: 10pt">or</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>&#091;</B>&nbsp;&nbsp;&nbsp;<B>&#093; TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE</B> <B>ACT OF 1934</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 9%; margin-top: 6pt">For the transition period from
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
 to <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Commission file number: 001-07434
</DIV>

<DIV align="center" style="font-size: 16pt; margin-top: 18pt"><B>Aflac Incorporated 401(k) Savings<BR>
and Profit Sharing Plan</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 8pt">(Full title of the plan)</DIV>



<DIV align="center" style="font-size: 12pt; margin-top: 24pt"><IMG src="g19591g1959100.gif" alt="(AFLAC INCORPORATED LOGO)">
</DIV>

<DIV align="center" style="font-size: 16pt; margin-top: 18pt"><B>Aflac Incorporated</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 8pt">(Name of issuer of the securities held pursuant to the plan)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>1932 Wynnton Road<BR>
Columbus, Georgia 31999</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 8pt">(Address of the plan and address of issuer&#146;s principal executive offices)</DIV>



<P align="center" style="font-size: 12pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>Aflac Incorporated 401(k) Savings and Profit Sharing Plan</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><U><B>Table of Contents</B></U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Page</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#101">Report of Independent Registered Public Accounting Firm</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#102">Statements of Net Assets Available for Plan Benefits</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#103">Statements of Changes in Net Assets Available for Plan Benefits</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#104">Notes to Financial Statements</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#105">Schedule&nbsp;1 - Schedule&nbsp;H, Line 4i &#151; Schedule of Assets (Held at End of Year)</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><A href="#106">Exhibit&nbsp;Index</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>



<P align="center" style="font-size: 12pt"><!-- Folio -->i<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>


<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left">
<A name="101"></A>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 12pt">The Pension Committee<br>
Aflac Incorporated 401(k) Savings<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and Profit Sharing Plan:
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 6pt">We have audited the accompanying statements of net assets available for plan benefits of the Aflac
Incorporated 401(k) Savings and Profit Sharing Plan (the Plan) as of December&nbsp;31, 2008 and 2007,
and the related statements of changes in net assets available for plan benefits for the years then
ended. These financial statements are the responsibility of the Plan&#146;s management. Our
responsibility is to express an opinion on these financial statements based on our audits.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 6pt">We conducted our audits in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our opinion.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 6pt">In our opinion, the financial statements referred to above present fairly, in all material
respects, the net assets available for plan benefits of the Aflac Incorporated 401(k) Savings and
Profit Sharing Plan as of December&nbsp;31, 2008 and 2007, and the changes in net assets available for
plan benefits for the years then ended in conformity with U.S. generally accepted accounting
principles.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 6pt">Our audits were performed for the purpose of forming an opinion on the basic financial statements
taken as a whole. The supplemental information included in Schedule&nbsp;1 as of December&nbsp;31, 2008 is
presented for the purpose of additional analysis and is not a required part of the basic financial
statements but is supplemental information required by the Department of Labor&#146;s Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974.
This supplemental schedule is the responsibility of the Plan&#146;s management. The supplemental
schedule has been subjected to the auditing procedures applied in the audits of the basic financial
statements and, in our opinion, is fairly stated, in all material respects, in relation to the
basic financial statements taken as a whole.
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 6pt; margin-left: 50%">
<IMG src="g19591g1959101.gif" alt="(KPMG LLP)">

</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt">June&nbsp;26, 2009<br>
Atlanta, Georgia
</DIV>


<P align="center" style="font-size: 12pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>


<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>Aflac Incorporated 401(k) Savings and Profit Sharing Plan</B>
</DIV>

<DIV align="left">
<A name="102"></A>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>Statements of Net Assets Available for Plan Benefits</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 18pt">December&nbsp;31,
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="62%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">2007</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Assets:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Investments (Note 5)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>142,979,285</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">197,843,575</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Participant loans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8,481,508</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,476,490</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>757,082</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">137,773</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accrued employer contribution</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>24,442</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68,870</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accrued participant contribution</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>68</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">371,832</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accrued interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32,543</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Total assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>152,242,385</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">206,931,083</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Liabilities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Excess participant contributions payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>136,499</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,706</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>33,893</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Total liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>170,392</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,706</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Net assets available for plan benefits before adjustments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>152,071,993</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">206,919,377</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Adjustment from fair value to contract value for fully
benefit-responsive investment contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,576,832</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,088</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Net assets available for plan benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>153,648,825</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">206,979,465</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 6pt"><I>See accompanying Notes to Financial Statements.</I>
</DIV>


<P align="center" style="font-size: 12pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>


<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>Aflac Incorporated 401(k) Savings and Profit Sharing Plan</B>
</DIV>

<DIV align="left">
<A name="103"></A>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>Statements of Changes in Net Assets Available for Plan Benefits</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 18pt">Years Ended December&nbsp;31,
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="66%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">2007</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Contributions and transfers:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Participant withholdings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>11,542,839</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">10,898,888</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Participant transfers from other plans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>580,715</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,069,304</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Employer matching</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,375,523</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,111,018</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Total contributions and transfers</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16,499,077</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,079,210</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dividend income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,728,995</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,671,029</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>775,073</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">719,954</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net appreciation (depreciation)&nbsp;in fair value of investments (Note 5)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>(64,613,315</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,455,924</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Distributions to participants</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>(10,642,384</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(10,775,151</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Administrative fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>(78,086</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(86,447</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Increase (decrease)&nbsp;in net assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>(53,330,640</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,064,519</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net assets available for plan benefits:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Beginning of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>206,979,465</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">168,914,946</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">End of year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>153,648,825</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">206,979,465</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 6pt"><I>See accompanying Notes to Financial Statements.</I>
</DIV>


<P align="center" style="font-size: 12pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>Aflac Incorporated 401(k) Savings and Profit Sharing Plan</B>
</DIV>

<DIV align="left">
<A name="104"></A>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>Notes to Financial Statements</B><BR>
December&nbsp;31, 2008 and 2007
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><B>1. DESCRIPTION OF THE PLAN</B>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Aflac Incorporated 401(k) Savings and Profit Sharing Plan (the Plan) was established for
the benefit of the employees of Aflac Incorporated; American Family Life Assurance Company of
Columbus (excluding Japan Branch employees); American Family Life Assurance Company of New York;
Aflac International, Incorporated (excluding Japan Branch employees); and Communicorp, Incorporated
(collectively &#147;the Company&#148;).
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following description provides only general information. Participants should refer to the
Plan agreement for a more complete description of the Plan&#146;s provisions.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>General</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan is subject to certain provisions of the Employee Retirement
Income Security Act of 1974 (ERISA).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Eligible employees may voluntarily participate in the Plan on the
first day of the month, which coincides with or next follows the
completion of thirty days of employment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan is administered by a plan administrator appointed by the
Pension Committee of Aflac Incorporated&#146;s Board of Directors. The
majority of the Plan&#146;s administrative expenses are paid by the Plan
sponsor. A portion of the Plan&#146;s administrative expenses is allocated
to the Plan and is deducted from the investment earnings (losses)&nbsp;in
participant accounts. Administrative fees on loans and in-service
withdrawal expenses are paid directly by the requesting participant
and are deducted from the loan or in-service withdrawal amount.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Contributions</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Contributions to the Plan are made by both participants and the
Company. Participants may contribute portions of their salary and
bonus on a pretax basis in increments of whole percentages of up to
50% in 2008 and 2007, subject to aggregate limits imposed by Internal
Revenue Service (IRS)&nbsp;regulations. Aggregate limits as prescribed by
the IRS were $15,500 for participants under the age of 50 and $20,500
for participants age 50 and older in 2008 and 2007. The first 1% to
6% of participants&#146; compensation contributed may be subject to a
percentage matching contribution by the Company. For the years ended
December&nbsp;31, 2008 and 2007, subject to certain limitations, the
Company&#146;s matching contribution was 50% of the portion of the
participants&#146; contributions, which were not in excess of 6% of the
participants&#146; compensation.</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 12pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Participant Accounts</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An account is maintained for each participant
and is credited with participant
contributions and investment earnings or
losses thereon. Contributions may be
invested in one or more of the investment
funds available under the Plan at the
direction of the participant. A separate
account is maintained with respect to each
participant&#146;s interest in the Company&#146;s
matching contributions. Amounts in this
account are apportioned and invested in the
same manner as the participant&#146;s account.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Vesting</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Participants are 100% vested in their contributions plus
actual investment earnings or losses thereon.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Participants become vested in the Company&#146;s matching
contributions and the related earnings or losses thereon
according to the following schedule.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center">Years of Service</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Vested Percentage</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">Less than 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">0%</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">1
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">20%</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">2
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">40%</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">3
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">60%</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">4
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">80%</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">5 or more
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">100%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A participant&#146;s interest in the Company&#146;s matching contributions and
the related earnings or losses thereon is also vested upon termination
either because of death or disability or after attaining early
retirement date or normal retirement age. Except as previously
described, participants forfeit the portion of their interest which is
not vested upon termination of employment. These forfeitures are
available to reduce the Company&#146;s future matching contributions or
plan expenses. At December&nbsp;31, 2008, forfeited non-vested accounts
totaled approximately $21,600, compared with approximately $69,900 a
year ago. In 2008, forfeitures of approximately $291,900 were used to
reduce matching contributions, compared with approximately $202,100 in
2007.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Distributions</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Participants may receive a distribution equal to the vested value of
their account upon death, disability, retirement, or termination of
either the Plan or the participant&#146;s employment. Distributions may
only be made in the form of a lump-sum cash payment and/or Aflac
Incorporated common stock.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan permits in-service withdrawals for participants who are 100%
vested in the Company&#146;s contribution and have attained age 59 1/2.</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 12pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Loans</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Participants are allowed to borrow funds from their accounts. The minimum amount of any loan is
$1,000. Participants may have up to two active loans from their account at any time. The maximum
amount of loans made to a participant from the Plan, when added together, cannot exceed the lesser
of:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">a.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>50% of the participant&#146;s vested benefit (as defined by the Plan document); or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">b.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>$50,000, reduced by the amount, if any, of the highest balance of all
outstanding loans to the participant during the one-year period ending on
the day prior to the day on which the loan is made.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All participant loans carry a maturity date of up to five years for general purpose loans and up to
10&nbsp;years for loans made to purchase the participant&#146;s principal residence from the date the loan is
made and are secured by the balance in the participant&#146;s account. Interest rates on participant
loans are established at the prevailing prime interest rate at the time the loan is made plus 2%.
The prime interest rate was 3.25% at December&nbsp;31, 2008, compared with 7.25% at December&nbsp;31, 2007.
Participant loans are stated at cost, which approximates fair value.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Transactions With Parties-in-Interest</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As of December&nbsp;31, 2008 and 2007, the statements of net assets available for plan benefits include
the following investments and participant loans with parties-in-interest to the Plan.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="62%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">2007</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Aflac Incorporated common stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>75,719,975</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">100,026,802</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Merrill Lynch Retirement Preservation Trust*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>11,343,930</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,544,973</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Merrill Lynch Equity Index Trust </DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,151,339</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,562,533</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Participant loans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8,481,508</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,476,490</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 6pt"><I>*Includes adjustment to contract value of $1,576,832 in 2008 and $60,088 in 2007</I></div>


<P align="center" style="font-size: 12pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><B>2. SUMMARY OF ACCOUNTING POLICIES</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Basis of Presentation</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The accompanying statements of net assets available for plan
benefits and changes in net assets available for plan
benefits have been prepared on the accrual basis of
accounting.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The preparation of financial statements in conformity with
U.S. generally accepted accounting principles requires the
plan administrator to make estimates and assumptions that
affect the reported amounts of assets and liabilities and
changes therein, and disclosure of contingent assets and
liabilities. Actual results could differ from those
estimates.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Investments</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Investments are stated at fair value.
Investments in mutual funds and common
shares are stated at fair value based upon
market quotations obtained from national
security exchanges. Investments in
common/collective trusts are valued based on
the quoted market prices of the underlying
assets held in the fund, except for the
Merrill Lynch Retirement Preservation Trust.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Merrill Lynch Retirement Preservation
Trust, a common/collective trust, primarily
holds investments in fully
benefit-responsive insurance contracts that
provide that the Plan may make withdrawals
at contract value for benefit-responsive
requirements. Accordingly, the Plan&#146;s
investment in units of the Merrill Lynch
Retirement Preservation Trust is presented
at fair value in the Statements of Net
Assets Available for Plan Benefits, with an
adjustment to its contract value separately
disclosed, as provided in Financial
Accounting Standards Board Staff Position
(FSP)&nbsp;AAG INV-1 and SOP 94-4-1, Reporting of
Fully Benefit-Responsive Investment
Contracts Held by Certain Investment
Companies Subject to the American Institute
of Certified Public Accountants (AICPA)
Investment Company Guide and
Defined-Contribution Health and Welfare and
Pension Plans. The Merrill Lynch Retirement
Preservation Trust fund&#146;s reported fair
value is determined as the sum of (a)&nbsp;the
fair value of the investments in guaranteed
insurance contracts and security-backed
investment contracts that are wrapped by an
insurance company, bank or other financial
institution (collectively, the &#147;Investment
Contracts&#148;), as determined by that fund&#146;s
trustee and (b)&nbsp;the fair value of that
fund&#146;s investments in externally managed
collective investment funds as determined by
those funds&#146; trustees.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Securities transactions are accounted for on
the trade date (the date the order to buy or
sell is executed). Realized gains and
losses on the sale of investments are
calculated based on the difference between
selling price and cost on an average cost
basis.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Plan invests in various investment
securities. Investment securities are
exposed to various risks such as interest
rate, market, and credit risks. Due to the
level of risk associated with certain
investment securities, it is at least
reasonably possible that changes in the
values of investment securities will occur
in the near term and that such changes could
materially affect participants&#146; account
balances and the amounts reported in the
statements of net assets available for plan
benefits.</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 12pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Distributions</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Distributions to participants are recorded when paid.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Fair Value of Financial Instruments</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Investments are stated at fair value. Participant loans are stated
at cost, which approximates fair value. The carrying amounts for
cash, receivables, and payables approximated their fair values due to
the short-term nature of these instruments.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>New Accounting Pronouncements</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In September&nbsp;2006, the Financial Accounting Standards Board (FASB)
issued Statement of Financial Accounting Standards No.&nbsp;157, &#147;Fair
Value Measurements&#148; (SFAS 157). SFAS 157 defines fair value,
establishes a framework for measuring fair value under generally
accepted accounting principles (GAAP), expands disclosures about fair
value measurements and specifies a hierarchy of valuation techniques
based on whether the inputs to those valuation techniques are
observable or unobservable. Observable inputs reflect market data
corroborated by independent sources while unobservable inputs reflect
market assumptions that are not observable in an active market or are
developed internally. These two types of inputs create three valuation
hierarchy levels. Level 1 valuations reflect quoted market prices for
identical assets or liabilities in active markets. Level 2 valuations
reflect quoted market prices for similar assets or liabilities in an
active market, quoted market prices for identical or similar assets or
liabilities in non-active markets or model-derived valuations in which
all significant valuation inputs are observable in active markets.
Level 3 valuations reflect valuations in which one or more of the
significant valuation inputs are not observable in an active market.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This standard applies to other accounting pronouncements that require
or permit fair value measurements, the FASB having previously
concluded in those accounting pronouncements that fair value is the
relevant measurement attribute. Accordingly, SFAS 157 does not require
any new fair value measurements. Where applicable, this standard
codifies related guidance within GAAP. SFAS 157 is effective for
fiscal years beginning after November&nbsp;15, 2007. The Company adopted
the provisions of SFAS 157 as of January&nbsp;1, 2008. The adoption of this
standard did not have an impact on the Plan&#146;s net assets available for
plan benefits or the changes in net assets available for plan
benefits.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Reclassifications</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certain reclassifications have been made to prior-year amounts to
conform to reporting classifications in the current year. These
reclassifications had no impact on net assets available for plan
benefits or the changes in net assets available for plan benefits.</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 12pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>


<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><B>3. FEDERAL INCOME TAXES</B>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Internal Revenue Service has determined and informed the Company by letter dated February
27, 2002, that the Plan and related trust are designed in accordance with applicable sections of
the Internal Revenue Code. Although the Plan has been amended since receiving the determination
letter, the Plan administrator and the Plan&#146;s tax counsel believe that the Plan is designed and is
currently being operated in compliance with the applicable requirements of the Internal Revenue
Code.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Participants in the Plan are not subject to federal and state income taxes on their
contributions, on amounts contributed by the employer, or on earnings or appreciation of
investments held by the Plan until withdrawn by the participant or distributed to the participant&#146;s
named beneficiary in the event of death.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><B>4. PLAN TERMINATION</B>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although it has not expressed any intent to do so, the Company has the right to terminate the
Plan at any time subject to the provisions of ERISA. In the event of Plan termination,
participants would become 100% vested in their accounts.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><B>5. INVESTMENT FUNDS</B>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table presents the fair value of individual investments that exceeded 5% of the
Plan&#146;s net assets as of December&nbsp;31:
</DIV>
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="62%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">2007</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Mutual funds:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Davis New York Venture Fund</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>*</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">11,781,067</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Dodge &#038; Cox Balanced Fund</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>18,394,352</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,748,609</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Dodge &#038; Cox Stock Fund</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>11,269,773</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,945,896</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Common/collective trust funds:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Merrill Lynch Retirement Preservation Trust**</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>11,343,930</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Aflac Incorporated common stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>75,719,975</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100,026,802</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 6pt"><I>*Investment did not exceed 5% of the Plan&#146;s net assets at the end of the respective period</I>
</DIV>
<DIV align="left" style="font-size: 12pt; margin-top: 3pt"><i>**Includes adjustment to contract value of $1,576,832 in 2008</i></div>

<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During 2008 and 2007, the Plan&#146;s investments (including gains and losses on investments bought
and sold, as well as held during the year) appreciated (depreciated)&nbsp;in value as follows:
</DIV>
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="62%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">2007</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Aflac Incorporated common stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right"><B>$</B></TD>
    <TD align="right"><B>(27,248,851</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">26,658,094</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Mutual funds</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>(36,088,623</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(3,353,767</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Common/collective trust funds</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>(1,275,841</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">151,597</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap><DIV style="margin-left:30px; text-indent:-15px">Total net
appreciation
(depreciation)&nbsp;in
fair value of
investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right"><B>$</B></TD>
    <TD align="right"><B>(64,613,315</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">23,455,924</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SFAS 157 specifies a hierarchy of valuation techniques based on whether the inputs to those
valuation techniques are observable or unobservable. These two types of inputs create three
</DIV>

<P align="center" style="font-size: 12pt"><!-- Folio -->9<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 12pt; margin-top: 6pt">valuation hierarchy levels. The following table presents the fair-value hierarchy levels of the
Plan&#146;s assets under SFAS 157 that are measured at fair value on a recurring basis as of December
31, 2008.
</DIV>

<DIV align="left" style="font-size: 1pt; margin-top: 10pt; border-top: 1px solid #000000">&nbsp;</Div>


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 1pt">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Level 1</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Level 2</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Level 3</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Total</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Assets:</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">131,060,848</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">11,918,437</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">142,979,285</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">131,060,848</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">11,918,437</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">142,979,285</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>





<DIV align="left" style="font-size: 12pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The fair value of our investments categorized as Level 1, consisting of mutual funds and
common stock, is based on quoted market prices for identical securities traded in active
markets that are readily and regularly available to us. The fair value of our investments
categorized as Level 2, consisting of common/collective trusts, is based on quoted prices for
similar assets in markets that are not active, other inputs that are observable, such as
interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks,
and default rates, or other market corroborated inputs.
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Plan does not have any liabilities that are measured at fair value on a recurring
basis as of December&nbsp;31, 2008.
</DIV>

<P align="center" style="font-size: 12pt"><!-- Folio -->10<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><B>6. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500</B>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a reconciliation of net assets available for plan benefits as presented in
these financial statements to the balance per Form&nbsp;5500 as of December&nbsp;31:
</DIV>
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="62%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">2007</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net assets available for plan benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>153,648,825</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">206,979,465</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deemed distributions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>(54,419</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(59,664</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net assets available for plan benefits &#151; Form&nbsp;5500</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>$</B></TD>
    <TD align="right"><B>153,594,406</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">206,919,801</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deemed distributions are defaulted and unpaid participant loans of active participants that
are disallowed on the Form&nbsp;5500.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a reconciliation of changes in net assets available for plan benefits as
presented in these financial statements and Form&nbsp;5500 as of December&nbsp;31:
</DIV>
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="62%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2008</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">2007</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Increase (decrease)&nbsp;in net assets per statement of
changes in net assets available for plan benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right"><B>$</B></TD>
    <TD align="right"><B>(53,330,640</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">38,064,519</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deemed distributions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right"><B>(12,761</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(44,526</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deemed distributions paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9,545</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,102</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deemed distributions written off</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8,461</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Net income &#151; Part II Line K Form&nbsp;5500</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right"><B>$</B></TD>
    <TD align="right"><B>(53,325,395</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">38,023,095</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paid deemed distributions are cash receipts on defaulted participant loans of active
participants disallowed on Form&nbsp;5500 in previous years. Deemed distributions written off represent
those defaulted loans that had not been removed from plan assets until the current year but that
had been disallowed on Form&nbsp;5500 in previous years.
</DIV>

<P align="center" style="font-size: 12pt"><!-- Folio -->11<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left">
<A name="105"></A>
</DIV>

<DIV align="right" style="font-size: 12pt; margin-top: 12pt"><B>SCHEDULE 1</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>Aflac Incorporated 401(k) Savings and Profit Sharing Plan</B><BR>
EIN: 58-1167100 PN: 004
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>Form&nbsp;5500, Schedule&nbsp;H, Line 4i &#151; Schedule of Assets (Held at End of Year)</B><BR>
As of December&nbsp;31, 2008
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">Identity of Issue and Description of Investment</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Shares/Units</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Current Value</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><u>Common/Collective Trusts</u></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Merrill Lynch Retirement Preservation Trust*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,343,930</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">11,343,930</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Merrill Lynch Equity Index Trust*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">194,691</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,151,339</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Total Common/Collective Trusts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,495,269</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><u>Mutual Funds</u></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Davis New York Venture Fund</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">310,887</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,414,645</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Dodge &#038; Cox Balanced Fund</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">358,844</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,394,352</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Dodge &#038; Cox Stock Fund</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">151,537</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,269,773</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Columbia Acorn Fund</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">113,348</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,007,400</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Artio International Equity Fund Class&nbsp;A</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">193,784</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,656,620</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">American Funds Growth Fund of America</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">249,121</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,092,030</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">American Funds Europacific Growth Fund</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77,108</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,155,174</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Columbia Total Return Bond Fund</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">443,134</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,890,716</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Managers Special Equity Fund</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,058</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">460,163</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Total Mutual Funds</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55,340,873</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Aflac Incorporated common stock*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,651,832</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75,719,975</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Participant loans (2,487 loans outstanding with zero cost,
interest rates from 5.25% to 11.5% and maturity dates of
less than one year to 10&nbsp;years)*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,427,089</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">152,983,206</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 6pt"><I>*Indicates a party-in-interest to the Plan</I>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 12pt">See accompanying report of independent registered public accounting firm.
</DIV>


<P align="center" style="font-size: 12pt"><!-- Folio -->12<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left">
<A name="107"></A>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>The Plan. </I>Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees
(or other persons who administer the employee benefit plan) have duly caused this annual report to
be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="23%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Aflac Incorporated 401(k) Savings and<br>
Profit Sharing Plan</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June&nbsp;26, 2009
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ <I>Casey Graves</I></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Casey Graves</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Human Resources</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 12pt"><!-- Folio -->13<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>


<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left">
<A name="106"></A>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><B>Exhibit&nbsp;Index</B>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 18pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<A HREF="g19591exv23.htm">23</A>&nbsp;&nbsp;&#151;&nbsp;&nbsp;Consent of Independent Registered Public Accounting Firm
</DIV>


<P align="center" style="font-size: 12pt"><!-- Folio -->14<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>2
<FILENAME>g19591exv23.htm
<DESCRIPTION>EX-23
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-23</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="justify" style="font-size: 10pt; margin-top: 12pt"><A Href="g19591e11vk.htm">Aflac
Incorporated 11-K</A></DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><B>EXHIBIT 23</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Pension Committee<BR>
Aflac Incorporated 401(k) Savings<BR>
&nbsp;&nbsp;and Profit Sharing Plan:

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We consent to the incorporation by reference in the Registration Statement Nos. 33-41552,
333-135324 and 333-158969 on Form S-8 of Aflac Incorporated of our report dated June&nbsp;26, 2009, with
respect to the statements of net assets available for plan benefits of the Aflac Incorporated
401(k) Savings and Profit Sharing Plan as of December&nbsp;31, 2008 and 2007, and the related statements
of changes in net assets available for plan benefits for the years then ended, and the related
schedule, which report appears in the December&nbsp;31, 2008 annual report on Form 11-K of Aflac
Incorporated.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="g19591g1959102.gif" alt="(-s- KPMG LLP)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">June&nbsp;26, 2009<BR>
Atlanta, Georgia

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EXH 23-1
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g19591g1959100.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g19591g1959100.gif
M1TE&.#EAL0!3`/<``/[3GX&\TYVMQ:NYSL#=Z/3V^=SBZ_Z6&Q5XIP"6M.+G
M[O[=M/VT4X*9M`&.L/#R]E^^T`-\J+?#U?ZC-/S\_?VQ31."K0&&K0"2LA^D
MOMC>Z-G?Z?Z2%?^-$.;J\2^JPO+T^-;=Y_V]9M_M\[&^T0*"J_K[_._V^?Z*
M"0-XI_VJ0N/H[P&-L`&)KF*JQ_ZF/(2IQ?O\_?CZ^_?X^OCX^[_@ZN[P]?W#
M<LC2WX#$UHJ=NG&SS;G$UL'-VL_7X_W(?@-]J0*`JOVM1OVE./ZA+@*$K,?0
MWOZ>*OZ:(I*DO]#8Y`1VI@1TI9'%V<_F[@&*K\S4X2*2MJ&SQZ*QR$^VR_VY
M7J>URT./MX*TSX*VT.WP]`-[J.SO].KM\]3;YOW;JK_BZ_Z,#,/-W+[)V:'*
MW`1PH_[[]?[TY/^C0.GL\M_E[?[CPM/:Y;#5X_^&`OZ'!9_7X[O&U[7!U+/`
MTJ6SROVI/B*,LS^QQW_+VK_E[._X^@^=N4^WS-_R]?^%`9_8XV_$U8_1WJ_>
MY\_K\?[___[^_OW^_O_HS__W[_[^_P"3LP"0L?^R8`"1LO;W^?^;,`4X:/_O
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MP=[CZ_W1DF"TS.^I7_W0CYVUS&.?P,#?ZO[LT_VW6$"HPWV4LI;`UL_I\'.C
MP?[AO=#8XWNRS:BWS/W";OZ8'\S5X4)IC7.,K/VN27B0K_F]?#)<@]_P]=?B
MZS*3N#>*LZ2XS0"7M?___R'Y!```````+`````"Q`%,```C_`/\)'$BPH,&#
M"!,J))@'#Y\['_;<N1-(S\*+&#-JW,BQH\>/"?7@R>"OI$F3>P8-U/-PHLL[
M>$#*G$FSIDV$@O:<W&DRP\`\/$W>'$ITJ*"6+@,-A1"TZ<^@"1(4G4JU(]"@
M@&PR;<K3I\"K)A,H6N2@JMFS"?DTW6-Q)B"N0?\\+2EV$8L6%]#JU:L'KER9
M8'G>$32P3YX^#.EB<-#"4PE+>R-7#03WP\P/32%<!)H``PMJC[>D$$BHD.33
M-4G"1?SQ3U,^&/.(_5P"B`L"`PE5FC'#$.K?'`?!+9GUH]J@K!?F4<2XA`4G
M!0D9D@&"D@S@V"]NA>NU8]^@L#%J_UK4HC9T@X9,..*BAD+V]P;UZ!SNCW!'
MUW$S@F'AR=(.A(10((,D*X0`WX$"X4>?9AV]%50>^I5GQPD`5F)"`90HL0&"
M\-U!GTEM;>1A4!J!<8%_"A42PPPV&"#'=1P"U\>')OVUD6H\:51#"1$PHQ`A
M#?A"H#0XQ`B<@S1:QA%7.@9AQT)20((/")<8(8"1O\VW$Q]:[I1<1DQF5(,E
MR83RR4"UL$-0`Y!`4H`'H`@@#Y:2"=+4']OM5)Q&86)$#A`!E..-0&N\\`)!
M/4`RCR,>*$&'%'1&=MQ.>_PC7%#=@>E41N1L0<`"-]Q0Q01(D!)=)8PJ,8`]
M!O4AB$,O\?^!AR`A@M3''WB\-!$@?WQYUHQ!,8CC3O8A](>N7.GJ4DP%$6#!
M/].,4L$+J'#PAD&5%'")#YLTL.$_ZF`S;&:^9M3'2/0!4NMD34'X#Y);)@0L
MC9@:1,`.9XC`0!U''(""'X<41$$!"G"K0S]-1$'-(@G0R&Q&>N2YH%[CEM3=
MO#RM.Y""].[$($',C/"%.2H0<4`8?OAQ"D&$Q`""`J!LHL,J2UAR`0L-T_CQ
M0CEU[$^E9P5VTI[_8!:44@=-ZK-)Q1*4RBA"D-J!&RDSPK()LW1CQ`!)P+($
M$$6PH$C'1",D<9)HG5W2EY0%I:1!2V=LD!FY5#"$-M:FG'+`_R3_4DDI76P@
MQCO<T,-$!"5T@H'/[IH=MS\/4R6?VP5]%Y1*!0F]-!5S_S#M$1PXHW?*CR#B
MMPP/K.#%&'0(@`X"6Y3P1",Y^P/1<'<D!"]X@>3A>R`01%3V5!R?A#1!2@\=
M'P3*)JLK!.N><<.^)O\[>LIH5$(=)=U`(<<`5C0P3`I!M+`('W_4*HC1R!UD
M)U?J9L?^3AH7CY*F)"[$"SSF1!T/RM?36RL*H`4%>$$,`^#!`&3Q"O)](Q\(
MT</\C!>?+IUD#XT#SJ5X$I[*69!I&.G304+Q!5'5@U2DH%H`4W8/&UQ"`SB0
M``],,8<D',,%(U#.:PR"!ZYD\$AW<AQX_T*XJ8-\(AS+D!:U\G:]3!R"$6YP
MA0(V@(,XS.$6H.#!-N:0D8K9SH--B1QV/OBSA+PO*!J#6Q$+L@M6_$!?_#J`
MZ*XW"40`P`_@V(`2C,`#.7@A!$H8PQ2NA)$1Y8@@]BL)6^"32'_LS"!>],?Q
M$B)"@@#`%L+X1<E.=KT.8.(?4`2'#W`P!CF(80,&,$`(3&&%*63$D#LI2/),
M,KS?S+(D/RS([DSR-DJN$2$+>,'41L<(1"!B$AV0X@;:H2$#J$$!"C``#L#W
MRE]R!7/9P=A),G60#?($FPBI)$+6<(U'=&`2F(C$/PZ1B4?T8D"4\``T+Y&&
M+G1!%/(@P0`4DO\'X$WP)(GY)7!ZB!4]^.Z@"/4=&?U12X*(TR#9X$`O"H()
M/T`#$<V83@$D\8!8Q.(!'/6`%R1``H,(`A#_7&,C<P>?2)[K<4#S9?X2L@`4
M\$T@AT!#!TYQ@BM@H325B($)9$!4&<R`"QN0AAP&8@TJ+(T@!!4,?#17$LM$
M=6DV.LA#"5*-#@!`G9%@A!_J2``$E`$+I"E-(0IAB*`^P``]X,$)`A`%L3UU
M(%<]"4NSHS9)_H.J-.J@5@5:$$0\(F69\`,:.'&"'2QA"67(0D(*X0A1&$$<
MR(A`$3HQ-I]!M2E[!8[EY/:/A7ZH7`/9:D$.P0E.1.($3;"`)8"P!2;_2!8A
ME+V$/&#`!+!QMBL0"$1*_?'9H(3V-VWCX$!N2:-)%D2U!LF',8)0@A(4@4>V
MG6PI/.`#W@+!$W:M:B"2`TN`XK4IW$3-<&W4R`^E-[6$14@-+M""%G2B,998
M`ADF.X,TL&$=O07OV#Z0R_(*92[MT^!:"H(K/#CXP1#NJS_`Z=#X'@0,#EA$
M(QK!@A,QH1@)200-N*`!8-3L9@EXY$`,7!*":/,D63U-7U5\D4C2^!_0+8@F
MHA(5!W@XAPB9CA8VH(H3.Z"7!6$Q<0FRT/?N9:&YO,@N%1E."QL$+`GP,1"8
MH!`A=V,<-:.&`^"0$"471,(QWDLCG;R0%]=H_[`SW4Q86%"$+1"CRS*(13>N
M0+Z%:2(AP\T<5U*"&B4W]"+#%2Q\XZS#DBBB$R5(00`4D@@32((6_""?^<CL
M/G%&\F<4_A574(N1]I8KQP'U!P9:$(04X"8AA##!RZ*1@A*TH!&Z<)]IKPR7
M/3C7+'GE)4A&NY-?HWHN"5@$-8#P+$K+6A1,B-T3%@>]PDBXQ09A;D\"$6H]
MG/0#Q]W80P!!:H)$,LT;Z6MZC_T5NM`Y`B[X42$NI(]H)ZZS$KD=?32FAT_O
MY"7C.L@',O"'HQ#:C%Q)HT;.R),?LONO_NA,>;;0AA\E(@8%4,;APM99QG73
MM!]"\C]&$HA=`8+-___HJZ(]8N/G6EG06::&)9K]HQ6EXVLH[G53FD:00?A[
M.+^&2:XH,Z-0+YHG//?(E']6JX<#Y=%%L,U%=",#=X39`;7C"00`*T:"Z$')
M^S:(T/>P!]CX(\H"63!-W%R2K#H]V1/WT4*H'@Q-,ZPI62&V25;.8)!CY2#,
MRY6=[*1P'`>EZQ]1<N3(&-/-**+#0=A'1MI*!@O8FG9=:5Q*;^SU/_R<EVD<
MA$0@U,-#CQS"#D;W1\Z%>@>KK_5X0#M"GI&#'`2@XE-/!"'^<0)<G*/C_L@`
M!'@^"-@7WB"#*#D9/\"'BB3$YXI$?*0.='RB&"8/1E=('[(__>Y[__O@#[__
M^,=/_O*;__SH3[_ZUT^5AD@_1@[^-?NIXB#O7RK<\Y_*B+Q_%<[G'ZJJAQ$D
M@7('0E#O=Q9ZP'U4,2.FMQ`E@7\QXB!)IQ<>PG=FP13R%QO$X7TCHA+G<@>(
M(0@346T#(8+^\`&1DP<0D`%EUS@?B!@E%QXD@0<1LP<?$&,&)WS)@2=9T0</
M42Q_P`<#=P?#]P^NLA40X&`$(8)[D`'QLQ(EIV\'>"#S(1"7@@<<LR<24QSV
MXRY72%`L51+"=1+%(C%[P!K'T6^X]`]?QQ-9P6(#(3$?(WH-YWT6`U]JD0%&
MPU)M4W8D01COLP<.455X:!(Q<2DDL8(E$1X$]0%C_\A0`D%0V\&&1B,KQZ$4
MN*(:J2<0#A)['@(T=.A(Z#)AW7<5++5!L`$LN3,YI.AM`J$:F*,:[:9(Q0(6
M<J&*1F@Q%@$L2C(I?-`6!%4<!-4X#^ABBR@03*$D(_(7^]=][U,<5[%(5Q$3
M^%$VE_(Q(P(A8-$T8`A?N=,VQW-@(_(VD],=Q\$:WR%8#J(2^"$7_3<0.B%R
M1F*``M$VS((?2K$5/T10-C(B%D%0'601#L(:N#@BR7&'I542V/2,*X9M$`<Y
M!($9&6""$/DN)6$?WP&!''(<[N(@[C*,_]",Q=4XLFB19U>")>>0^!$3(HF+
M&3F2`O$=;],V;J=7C2.2*__)@6LC$")YCB%9$NL"D@\9'B(Y<DUX@@WI#X@A
MDN#XD)$CE%NQ5T*9=C\S7C'YB@ZIB7:8E67$D]AV''(1,7)!CQ*TAO\P@`2!
M)'QXC#]YDI.S2/A87'*A(`^3C>8&E%9XAF>YD]LA>]1'B%2Y5\7X#PIR!SH!
M&QNDB([DC5YG-$XX(GI)F(H$`?.!-%/Y#WWH(2-"<%X9?'<PD2E757BP%81Q
M''KH#\=Q!W[Y'J9HA1O(AFQ9--N$.;OSB[-8-O:3`>`T00^3AEZG)6=X'.'!
M<!#)BHKT%X$!@B:1@=3G.^CHG#$)G3$9@\Y7@LRS=5XGG>?E2'S0?/4S;E\R
M"+XZTRJ``!,6(1*Q]Q/,PRM0.!%6^1,/@33N5V[_YQ&^69_XR1%%F9_\Z8!?
2U)\`*B^Q&:`$.A=3Z'T!`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g19591g1959101.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g19591g1959101.gif
M1TE&.#EAG``B`.8``&);5Y.,AG)L:%M65,S+RBLF)M'.RYJ2C**>F]S9T^7C
MXM;2S=G6T^#>V*RFHLK&P_;V]()Z=,C#O'=Q;:FBF[JULM32T;&MJKJSK(R*
MBOS\_(6#@^CFXVA@7.WLZL&[LWIU<NKHY8>!?5),2;RXM/[^_CLU,T(\.L[*
MQ</"P;6SL3$M+$I$0IV:F7U[>:ZII*ZKJ0P*"YF5E,*^N@,"`^+@W;6PK/OZ
M^H5^>=_<V>3BWU=13KR[NO7T\O'P[CPZ.*&9D8J&@VUH99.1D:2?G>_N[*:B
MH!82$_+R\$1!04=`/6UD8/CX]]S:V1X:&OKZ^2$='#4P+NWKZ/GX^)V:EM_=
MW&9B8/W^_DI(2=#,QVUK:3LW-C8R,?3S\7QX=>[MZX^)A$Y)1NOIY^_P[!@6
M%>;DWQ`-#OK[^_?X]X!W<20@('9T<0D'"!L7&`8%!A(/$/O\_.GHX_GY^/?W
M]OS\^]O9V/W]_7]_?^/AW!L8&!,1$).0C?O[^U-/3@```/___R'Y!```````
M+`````"<`"(```?_@'^"@X2%AH>(B8J+C(V.CY"1DHDE5PM=DYF:FYR=G!P(
M5E0,GJ6FIZB0!B=^2C"IL+&RG2T%?GX%+;.[O+V'8",Q?F\M"K['R(Y%/7R,
M'@][7'EL4!E5=LG9VH,012\S.HM2)`)M?FY.(TTY5>U(3WQ\=B6I)?3;VPTS
M1R9$BS8[A/DY<B)-A(,'LWSQX8-),U1VX.#39B=#'C]L)H0S-&?,B",T;HD<
M>8M-C)-'"@#`H`.-)Q1"G!PP-O&8AB!'_.C9X,/0EPH;"L2@X<8-#:)%DR)E
M8_+("@`@,I#(L:D'F!]F.I"JZ0O.!C-^G`PQ5,7&`#TTR*Q(<F++EA])_^+&
M?>/&#)05:O*8,<.FS8``#)!@^V-/4)<<')@D8I"$C9\P%FK.*1(BD8(J7_Z(
MJ<.@CHXJ.7+HX."C2Y<Y@PUY!:M&AB$<*X2Q&?`"3X,L!A+$V;T[BIDH$QP$
MZ&"B@!L_1`%DD2/HRCT#:1"4272@P%$@'&HV^$"!>@02?QP(`2`@`(XT(,``
MD6#`0(,YB%;[68%@$!H"`&Z9<>*@,J(>(1RW`@Z%2/#1+288P0!Q+<C1A1IL
M%'2(&"\,%<,1$*16R!,^<.#AAW!HZ`D6;-#@7"%\(-%&#!O\849()"'G!E,Q
MG`"`"%D4XH$7PK@BB!<`;$$&#4IDD$((S"'R0/\`MVSA&B$^.(#%+07(\``4
M1PCAP``EGA"!(3,(L4)(:B@QCXX5[(#%"3^TZ>8.KYB2P`]%%4:(!QB8U"(.
M?9S`@A`""+#$"#2PX<0*>#FA!A=][$'5'P\`<!P`-A@0%!E]">!`$R(:<D%^
M-`PP0R%EB!#%+2R\0$)1482AQRU]^$-(%BZH(9()0A22@PHN[&"&43'^H(LI
M%!AGQB$YI.&'&4'\L8`*#ESPP+0O[$"#&0,@@$`&:PP010Q;@%!!>"S<(H`-
M"`CT6P(0-.+`".<(@$<A*-!I[@<7(,>42%9(4`@0?<#82K.$D&#%BS&*!$"<
MI:0!!1M''&+!#L-D@,C_*@-9_(<<.MC0`7)0"$#N+2>%Y,8.&$`RA*TL*L;'
M`Q$H<1QR6I%`<8QW$`)!#B>IL01&7DSW!Q\I6">24P)00($$#7C@02H`D)&2
MQ/`J\<(A3_``UA$:$U*B&284(004MQQU2P`D/.U(""`(0X,:<G$!Q1M$;2$`
M`Q`@L()(>K!@5,Z"^$#"#S1$T8$0?K0L"`PL"./&"GND0$`=(83@PQQ//)$*
M"WH\=0@!M@P`'D<5@)7+("4T`<)1(6>1A$`C`>"""H_80&C91R5EAA5>&/&`
M(!F\.@P+%SR<<QQ$].I&&UH*L*S&(;@`UAM8M%"#G;L(%<8!ADS!`T@@Y&B(
M_QA$.*8$$2&(08(,6M@*!0`S8#"F'WG@)=`1.QAPXB)$)'$+&05X2URP,(`%
M^&`P<W"!2+@`AC]P3@@$H$(4V%`7*]B``?DQ@\9L%I(HR$`#B+"#'.0`@0XI
M@`$6:(\%%-"N2.C!#?TRA`]@,)0`/*H0!)A`2$[@!6WM0`U%4<,`+O`'^86D
M`Q@0@=&&H00X7($1<+C#+6A3@XT<`@]:N(4;A)"`/TP`"DXP@4C`)H@'V.(-
M&IN`K?RP!!LD0@YB$$,#)`"$`P`@#$I0P@@.T`!)#$4+"S"$%(Q`01D(K1"U
M2-@Y])"&#PC"B#3X0&;XX(,3J"$D&4'!(N2@0#^(8/\KB7!`N?QP@OK\X0L[
M>,,MCK`$?PEB8G[HP[C^L`<Q^J$-08`/(>Q@A8<I$B-N*,`$(&&'.9RC1898
M``ZNI8(6%NAG;E!#%$QP`""@($F#@*0D_V`'-"!@`EPXR@_`\+LW=O(`5D3$
M`<1(@R"D0!`0($(?H%```5Q@7H+`H!^(5T9))6X$#N@!(;XP@",<QR1[N448
MA2`$$=#N$<5<%L$*H4P:Z($'V"3$`YP7@PG(H`4H,``')$((;69F$`L(PK?<
M@"L">.`&A[C!5_SP@IXH`@?680,#I#"(+EQ``#A@@.8&484(^"%!@M#`$*`0
M$C,D005U\`$?KL`!,=V%!2/_V,$.A/(4!C"``\YL!"4S=@4F0``"'F"`#F:P
MNB,8P0(6(,"T'D"`/T"'!F^8`1T4840W?*`(A9""#81RE!78`+"'D$$4:,"#
MAR0"IV[0`P2&NH@BS"":3_H#";A4MC>TT@=GL"L0<.``*;0P``7(0Q2>\,1(
M0"`!?B!#!IY0A@8PH`(="(`(\M,WK9I`#5!0@PGLF@8:'"$%G2KI"LR0!]1,
M"`#FP(@3=E!.0G2D/XP(@`F<L(1'7.$,9M!#UTY)@C<XIB3A78$)E@`$I5%`
M52>@BTX%&HDB?``Y,7C#22AHW!/`:R2Y>T,4B$L#`(`2$0M(@A,*<"9#R,$`
M+C`!_P790(8M""$`#P`A-_F`)$;4P`94B(PC*@$%,P@@D()XPA>,,`$3D`$Y
M1(G!?@I`XP*L(`ITB4$;RC`%24"@`?H]20P*$(4?#.``,"#"":+`Y"@$`0P!
M0$!=%R""-U#`/XDHPAY`X`)%/-@(6A!24?*`JUD24PHZ<*PC!*"&/19"#"@P
M0@9.4`"#%N4H>"8*#6*`A0WT8*^1H$,/[K"&"4P`!#)`@`-(4(,05,$!1(@T
M$1)0!\300PPS<$$.PHJ(!&1!?(LP@`!B`R,H#-,7'^`"%SIP"`U`(`TC*,!>
M*%B4LA7E""(0PR:DT(`$)``/NH0H!-*)"B2@@`5<.$$#CS5A!2>P`3N00$(/
M,LJ56:0HK@8@]B[2Q-*Z/@(.&DANM<==BA`@X(XB)K>Z:Z*#!Z!OW;$(!``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g19591g1959102.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g19591g1959102.gif
M1TE&.#EAN``J`/<```````@("!`0$!@8&"$A(2DI*3$Q,3DY.4)"0DI*2E)2
M4EI:6F-C8VMK:W-S<WM[>X2$A(R,C)24E)R<G*6EI:VMK;6UM;V]O<;&QL[.
MSM;6UM[>WN?GY^_O[_?W]_______________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M____________________________________________________________
M_____________________RP`````N``J```(_@`_"!Q(L*#!@P@3*ES(L*'#
MAQ`C2IQ(L:+%BQ@S:MS(L:/'CR`_>B@XDF!)DB@_G%1I<*5`ERMA'I29LF7-
MES-SFK1YD^5`FCT;NO39<R2'!1)^\E2Z$^%0HDUU.ET:%2=5JTRS7L5:5>2'
M!@``6`A)MJQ9B$"Y9N7`($!8"FJARDT[MVC0NEWCXLV;EJ[>A4.?GO30H0``
MMPEB`I:J]>[3OWN["K[JM['>QQH5'`9P@`/FLZ!#>U4[^8.%!FX!)-@@-W+D
MRGX?TRUM-VA?QQ(U.&A]T(*`L`$BT/Z<D;CHXQ%':C`0((-E@1TBI`9`X('U
MZ]8W<.#0P3/EVED[_CRG39JQZ]DW84/DD)J`>)0>/&0XL'EZV/O``^@'4`#"
MA0WO#3:50H0U((!SN!&84&60Q849><\5Q-YAK"7D`'X89JCA?04LL)%F`'B(
MW(@7>3!A`!I@-5(&S(6U``441`#!`S#62,$$;B'`P(Z&3:<`!24%Z5-\C96$
M0%@5\#5@D>9Q)2!\@XT46%8,&G1BBCM10,!FB7VV@5L-#,1!!ADL<)\`#$CY
MTT@5=,A;?!0($,``QAWGP03OS82``1MX8,$!!B`PP00,-/"`!!1TT)UB$TTH
M0(4#;6#!`&$5X``'$5X(@`%,R;?`;P`@H)P"%PBD@6$"!&@0!?>)>%F3_NI1
M15\$<6'P6P4:V)>A`+P6D,`%%VCP)$-&N<6IE!I4L"5_"D`Z&0>@)C"7!\NF
M"BT``W2``:6'86I5@=,!"=\&%5B0@`$'I(ON`1,(F>!S'&SY0$H>T"?6!@H8
M0("O"B20@`(]#B#PF0U8T$&=/^&X*4&&`>>M<>RYM=M!'-P70`<7A)7J`.VI
M25`&&&)04P(;AL7I1Q@<EN)07[J%H,<#14#=P7Z2?-\$$FG*@$H+$.!6`0Q@
M.>Q.&8<U%E88V"P`D!"$18`!^!W0%`3+AC6`MSA=<(#/)0.`LX/FR?2`RBE5
MH#&F,L4[YTD=:(#!D0(@X"Q#FB)000*IV2W1_M@N%[3!!%7/ZX&9&NYLD@6&
M^1N6`RMQ\(!;TQVPP`(.9("!Y;QA9.;5"+$:HFP@8WO0!/>)+-17&0;0`)%3
MVM0P`!5@<`$&$B3P^@`28-J!G)L1P&V8.)E]6`8DH_@3!R!BRVX%WBVXU7D?
MF(E`71*$A0%-'@A/YTYC6^^0!PF`BE\`%$"Z9,Q='V:``BM_D,%T`V`@'0#`
M>X"!P@9D4.]AJC8L@`/FRTN$7/.2#E!J8B@Q4P`J]!32`6`W)Y&?6P1P@3P!
MAEL:"H#I'G*DDAW@>BP9B:86)Q##3(P!^"G5!^"6)PND!BX(ZTC*8)<0PQPK
M(6`!0%(&LH#IX`QA_AX`50$F(`'Q<09M3'J)\$(UJ`ED0`,:P!I!1MB<D9`,
M`1<H0&H,(*P/<(!2%V,)B+(5%9B=A`,;V(`&M/,JG@@O22DQC-1JM:P!%.".
MKZ.@!3/W$FZ)BP,5L!=U-LB07+VE01\09&($4CV+`4``(/2BL?)D,P(0!P,5
M*)<"TF5$`:Q.(G<*BPJM)*>3=:YD"7A``(4"JJ\9!0'[&<`%&$62H@%`7*TY
M"=0.,TN!9&!9`1``J8BR)0@0!$3D,Z/[_F7$#:5*,@@!RP)M4C$`[(PF'*!/
M`-!EMW)9YC,>X-;7"(*!709@`JQ)BRWUQY@.I(96;(-``;`($\.(ZB4;_L!@
M!%0ED!P"AU>\"\`"@!6L`0[E0I9$2#41V!J2$2!"0`057(;T@0Y4S0!8>\H,
M`=#%`>WND$0ADDI<0C)C_L2("Q#0!JQ6`(,I"H5AA)D`K7*A`E2EFG!,B&82
M"AGCA#,LXS0)!SR'K4^&="`4",`!W*45=P[O>P(AG7MPD@%_4N<!WEE1!@Z&
MDP[0IP!2?!!"CF33BFHG`X7B0-$2L",%;+(`@2H)R9;:)&)1"JR"\8#,[F.`
M!4BQ(!AHWD*<ZJJ'@"R,+R%,]S;#&01(P`*$'(@&N":!&!K$HH]$P-8>R=<E
M:L@`[U%``"Q[0<[41$H/>%VH)-!%F>:2)!%H_H!@R_.3PYKN)!MH`-=2Y];>
M+D"W]]EA&U,BR/QLB@$`Y!CD"-"`!B`72Q](`$^'"Q@..!:<%;U`#\]D``C,
M=J9J<FU/(1"`Z7:5`Q,H0#-3IS'AB%4RCGN``P[%'>X4<#O=V2-+)G"TUMT%
M/K91B;*,:%*(,@9"+#G2!H>RG084P'<E&X!S_*LD!4%E:'7EXW\S%Q_=#.`W
MU\PP=LV#PC11)3XFNAP&:!>!V67@NV]RWDP##,VSA#=9JP3-^P9`*^<%R6-"
M(BV)*H*>Y[VVQEJYS=@*JZ+%_+?(28PR`35\/NIRV,(SELU(8(3(]];5RU7F
M(X*I/.;8A'D\9Z[R-)@U7&;P@#?-,C:R@;^<9@J_JZ=QGC'8C"QD*V<YSVB6
6\Y2[?.<*2_F;@!ZRHA?-Z`\$!```.S\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
