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EULAV ASSET MANAGEMENT, LLC
> AFL
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2011 | AFLAC INC | AFL | 106,700 | -36,000 | 3,729,000 | -2,932,000 | $34.95 |
| 06/30/2011 | AFLAC INC | AFL | 142,700 | -3,000 | 6,661,000 | -1,029,000 | $46.68 |
| 03/31/2011 | AFLAC INC | AFL | 145,700 | -2,675 | 7,690,000 | -683,000 | $52.78 |
| 12/31/2010 | AFLAC INC | AFL | 148,375 | 148,375 | 8,373,000 | 8,373,000 | $56.43 |
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