Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
FORRESTER CRAIG W
 2. Issuer Name and Ticker or Trading Symbol
CINCINNATI FINANCIAL CORP [CINF] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
SR. VICE PRESIDENT - / INFROMAITON TECHNOLOGY
(Last)
(First)
(Middle)

6200 SOUTH GILMORE RD		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2004
(Street)


FAIRFIELD, OH 45014-5141		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock             24,489 (1) D  
Common Stock 401K 12/31/2004 12/31/2004 A(2) 26 A $ 0 904 (1) D  
Common Stock             107 (1) I CHILD
Common Stock             6,592 (1) I SPOUSE

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 40.75           01/19/2005 01/19/2014 Common Stock
5,250
  5,250
D
 
Phantom Stock $ 0 12/31/2004 12/31/2004 A(2) 22   08/08/1988 08/08/1988 Common Stock
22
$ 0 768
D
 
Stock Option $ 21.39           04/05/1998 04/05/2007 Common Stock
3,150
  3,150
D
 
Stock Option $ 28.3           01/25/2001 01/25/2010 Common Stock
10,500
  10,500
D
 
Stock Option $ 32.14           01/27/2000 01/27/2009 Common Stock
4,200
  4,200
D
 
Stock Option $ 32.26           08/24/1999 08/24/2008 Common Stock
3,150
  3,150
D
 
Stock Option $ 34.08           02/01/2004 02/01/2013 Common Stock
5,250
  5,250
D
 
Stock Option $ 34.46           01/31/2002 01/31/2011 Common Stock
4,200
  4,200
D
 
Stock Option $ 36.71           01/28/2003 01/28/2012 Common Stock
5,250
  5,250
D
 
Stock Option $ 40.82           02/07/1999 02/07/2008 Common Stock
3,150
  3,150
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FORRESTER CRAIG W
6200 SOUTH GILMORE RD
FAIRFIELD, OH 45014-5141		       SR. VICE PRESIDENT - INFROMAITON TECHNOLOGY

Signatures

CRAIG W FORRESTER 02/14/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(2) Dividend Reinvestment shares acquired through the 401K and Top Hat plans.
(1) Share amounts have been adjusted for a 5% Stock Dividend, record date April 30, 2004, paid June 15, 2004.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

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