Table of Contents

[Cover]

[Financial Highlights]

[Message From Management]
AFLAC Incorporated again achieved its earnings objective in 2000. AFLAC Japan produced strong results despite a sluggish economy, and AFLAC U.S. continued its strong momentum.

[Interview With the CEO]
President and CEO Dan Amos discusses the value of AFLAC products, changes in the U.S. and Japanese supplemental insurance markets, and the impact of advertising on AFLAC's business.

[Interview With the Chairman]
Retiring Chairman Paul Amos reflects on AFLAC's success during his career and discusses his plans for the future.

[AFLAC's Mission]
A description of AFLAC's mission, products, markets and customers

[AFLAC Japan]
AFLAC Japan produced strong sales growth in 2000 while strengthening its distribution system and adding new products.

[AFLAC U.S.]
A new advertising campaign, strong recruiting and greater efficiency helped AFLAC U.S. produce rapid sales growth in 2000.

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