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<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>_____________________________</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>SECURITIES AND EXCHANGE COMMISSION</P>
<P style="margin-top:0pt; margin-bottom:24pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>WASHINGTON, D.C. 20549</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>_____________________________</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>FORM S-8 REGISTRATION STATEMENT</P>
<P style="margin-top:0pt; margin-bottom:24pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>UNDER THE SECURITIES ACT OF 1933</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>_____________________________</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>CINCINNATI FINANCIAL CORPORATION</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>OHIO &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31-0746871</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(State of Incorporation) &nbsp;&nbsp;(I.R.S. Employer Identification No.)</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Cincinnati Financial Center</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>6200 S. Gilmore Road</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Fairfield, Ohio 45014</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Address of Principal Executive Offices)</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>P. O. Box 145496</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Cincinnati, Ohio 45250-5496</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Mailing Address)</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>_____________________________</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>CINCINNATI FINANCIAL CORPORATION</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>STOCK OPTION PLAN NO. VIII</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Full Title of the Plan)</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>_____________________________</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Kenneth W. Stecher</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Senior Vice President</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>6200 S. Gilmore Road</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Fairfield, Ohio 45014</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Name and address of agent for service)</P>
<P style="margin-top:0pt; margin-bottom:24pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Agent's telephone number, including area code: (513) 870-2000</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>_____________________________</P>
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<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>CALCULATION OF REGISTRATION FEE</P>
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<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=bottom width=127.2><P style="margin:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center>Title of Securities</P>
<P style="margin:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center><U>to be Registered</U></P>
</TD><TD valign=bottom width=112><P style="margin:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center>Amount to be</P>
<P style="margin:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center><U>Registered</U><SUP>(1)</SUP></P>
</TD><TD valign=top width=143.8><P style="margin:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center>Proposed</P>
<P style="margin:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center>maximum offering</P>
<P style="margin:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center><U>price per share</U><SUP>(2)</SUP></P>
</TD><TD valign=top width=127.667><P style="margin:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center>Proposed</P>
<P style="margin:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center>maximum</P>
<P style="margin:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center><U>aggregate offering</U></P>
</TD><TD valign=bottom width=127.733><P style="margin:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center>Amount of</P>
<P style="margin:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center><U>Registration Fee</U></P>
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<TR><TD valign=top width=127.2><P style="margin-top:2.9pt; margin-bottom:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt">Common Stock, par value $2 per share</P>
</TD><TD valign=top width=112><P style="margin-top:2.9pt; margin-bottom:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center>10,000,000 shares</P>
</TD><TD valign=top width=143.8><P style="margin-top:2.9pt; margin-bottom:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center>$40.04</P>
</TD><TD valign=top width=127.667><P style="margin-top:2.9pt; margin-bottom:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center>$400,400,000</P>
</TD><TD valign=top width=127.733><P style="margin-top:2.9pt; margin-bottom:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:11.5pt" align=center>$50,730.68</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:36pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(1)</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">This registration statement also covers such indeterminable number of additional shares of Common Stock of the registrant as may become issuable with respect to all of any of such shares pursuant to antidilution provisions in the plan.</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:36pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(2)</P>
<P style="margin:0pt; padding-left:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Inserted solely for purposes of computing the registration fee and based, pursuant to Rule&nbsp;457(h) under the Securities Act of 1933, as amended, on the average of the high and low sales price of the Common Stock on July 14, 2005 on the Nasdaq National Market.</P>
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<P style="margin-top:0pt; margin-bottom:18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>PART II</P>
<P style="margin-top:0pt; margin-bottom:18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The following documents filed with the Securities and Exchange Commission are hereby incorporated by reference:</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(a)</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The Company's Annual Report on Form 10-K for the fiscal year ended December&nbsp;31,&nbsp;2004.</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(b)</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The Company&#146;s Quarterly Report on Form 10-Q for the period ended March&nbsp;31,&nbsp;2005.</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(c)</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">All other reports filed by the registrant pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 since December 31, 2004; and</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(d)</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:54pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The description of the registrant&#146;s Common Stock contained in its registration statement filed under Section 12 of the Securities Exchange Act of 1934, including any amendment or report filed for the purpose of updating such description.</P>
<P style="margin-top:0pt; margin-bottom:18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">All documents filed by the registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934 after the date hereof and prior to the termination of the offering of the securities offered hereby shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing such documents.</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">ITEM 4. DESCRIPTION OF SECURITIES</P>
<P style="margin-top:0pt; margin-bottom:18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Not applicable.</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL</P>
<P style="margin-top:0pt; margin-bottom:18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Not Applicable</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Section 1701.13(E) of the Ohio Revised Code provides that a corporation may indemnify or agree to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding whether civil, criminal, administrative, or investigative, other than an action by or in the right of the corporation, by reason of the fact that the person is or was a director, officer, employee, or agent of the corporation, or is or was serving at its request as a director, trustee, officer, employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise, against expenses, including attorneys' fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit, or proceeding if the person is determined under the procedure described in the Section to have (a) acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and (b) had no reasonable cause to believe the conduct was unlawful in the case of </P>
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<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">any criminal action or proceeding. However, with respect to expenses actually and reasonably incurred in connection with the defense or settlement of any action or suit by or in the right of the corporation to procure a judgment in its favor, no indemnification is to be made (i) in respect of any claim, issue, or matter as to which such person was adjudged liable for negligence or misconduct in the performance of such person's duty to the corporation unless, and only to the extent that, it is determined by the court upon application that, despite the adjudication of liability, such person is fairly and reasonably entitled to indemnity for such expenses as the court deems proper, or (ii) in respect of any action or suit in which the only liability asserted against a director is in connection with the alleged making of an unlawful loan, dividend or distribution of corporate assets. The Section also provides that such person shall be indemnified against expenses actually and reasonably incurred by the person to the extent successful in defense of the actions referred to above, or in defense of any claim, issue, or matter therein.</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The registrant's Amended Articles of Incorporation provide for the indemnification of officers and directors of the registrant to the fullest extent permitted by law. &nbsp;The above is a general summary of certain provisions of the Ohio Revised Code and is subject in all cases to the specific provisions thereof.</P>
<P style="margin-top:0pt; margin-bottom:18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The registrant maintains an insurance policy covering its directors and officers against certain civil liabilities, including liabilities under the Securities Act of 1933.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED</P>
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<P style="margin-top:0pt; margin-bottom:18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Not Applicable</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">ITEM 8. EXHIBITS</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The following exhibits are included in this Registration Statement on Form S-8.</P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">4(a)</P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Cincinnati Financial Corporation Amended Stock Option Plan No. VIII*</P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">4(b)</P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Form of stock option agreement for nonqualified stock options**</P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">4(c)</P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Form of stock option agreement for incentive stock options***</P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">5</P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Opinion re Legality</P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">23(a)</P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Independent Registered Public Accounting Firm's Consent</P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">23(b)</P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Consent of Attorneys (included in Exhibit 5)</P>
<U><P style="margin-top:0pt; margin-bottom:12pt; text-indent:108pt; font-family:Times New Roman; font-size:12pt"><BR></U></P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">*Incorporated herein by reference to Appendix A to the registrant&#146;s definitive proxy statement (DEF 14A) filed on March 21, 2005.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">**Incorporated herein by reference to Exhibit 10.2 to the registrant&#146;s Current Report on Form&nbsp;8-K filed July&nbsp;19, 2005.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">***Incorporate herein by reference to Exhibit 10.1 to the registrant&#146;s Current Report on Form&nbsp;8-K filed July&nbsp;19, 2005.</P>
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<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">ITEM 9. UNDERTAKINGS</P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">*(a)</P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The undersigned registrant hereby undertakes:</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; text-indent:-36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(1)</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(i)</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:72pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(ii)</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:72pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement;</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(iii)</P>
<P style="margin-top:0pt; margin-bottom:12pt; padding-left:72pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;</P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><I>Provided, however,</I> that paragraphs (a)(1)(i) and a)(1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.</P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(2)</P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(3)</P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">*(b)</P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant&#146;s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">*(h)</P>
<P style="margin-top:0pt; margin-bottom:12pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. &nbsp;In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being </P>
<BR>
<BR>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>5</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<P style="page-break-before:always; margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<BR>
<BR>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.</P>
<U><P style="margin-top:0pt; margin-bottom:12pt; text-indent:108pt; font-family:Times New Roman; font-size:12pt"><BR></U></P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">*Paragraph references correspond to those of Securities and Exchange Commission Regulation&nbsp;S-K, Item 512.</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">SIGNATURES</P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8, and has duly caused this S-8 Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Cincinnati, State of Ohio, on this 15th day of July&nbsp;2005.</P>
<P style="margin:0pt; padding-left:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>CINCINNATI FINANCIAL CORPORATION</P>
<P style="margin:0pt; padding-left:216pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:216pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>By: &nbsp;<U>/s/John J. Schiff, Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; padding-left:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John J. Schiff, Jr., Chairman, President</P>
<P style="margin:0pt; padding-left:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and Chief Executive Officer</P>
<P style="margin:0pt; padding-left:216pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.</P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B><U>Signature</U></B></P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B><U>Title</U></B></P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B><U>Date</U></B></P>
</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ John J. Schiff, Jr.</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">John J. Schiff, Jr.</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Chairman, President and</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Chief Executive Officer</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(Principal Executive Officer)</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ Kenneth W. Stecher</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Kenneth W. Stecher</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Chief Financial Officer and Senior Vice President </P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">(Principal Financial and</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Accounting Officer)</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ William F. Bahl</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">William F. Bahl</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Director</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
</TABLE>
<BR>
<BR>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>6</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt" noshade size=1.333>
<P style="page-break-before:always; margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<BR>
<BR>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ James E. Benoski</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">James E. Benoski</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Director</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ Michael Brown</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD><A NAME="OLE_LINK1"></A><A NAME="OLE_LINK2"></A></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Michael Brown</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Director</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ Dirk J. Debbink</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Dirk J. Debbink</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Director</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ Kenneth C. Lichtendahl</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Kenneth C. Lichtendahl</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Director</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ W. Rodney McMullen</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">W. Rodney McMullen</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Director</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ Gretchen W. Price</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Gretchen W. Price</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Director</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ Thomas R. Schiff</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Thomas R. Schiff</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Director</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ John M. Shepherd</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">John M. Shepherd</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Director</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ Douglas S. Skidmore</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Douglas S. Skidmore</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Director</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ John F. Steele, Jr.</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">John F. Steele, Jr.</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Director</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ Larry R. Webb</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Larry R. Webb</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Director</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8>&nbsp;</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD style="border-bottom:0.5pt solid #000000" valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">/s/ E. Anthony Woods</P>
</TD><TD valign=top width=210.4>&nbsp;</TD><TD valign=top width=215.2>&nbsp;</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">E. Anthony Woods</P>
</TD><TD valign=top width=210.4><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Director</P>
</TD><TD valign=top width=215.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">July 15, 2005</P>
</TD></TR>
</TABLE>
<BR>
<BR>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>7</P>
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<P style="margin-top:0pt; margin-bottom:12pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>INDEX TO EXHIBITS</P>
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<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=111.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B><U>Exhibit No.</U></B></P>
</TD><TD valign=top width=552><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B><U>Description</U></B></P>
</TD></TR>
<TR><TD valign=top width=111.2>&nbsp;</TD><TD valign=top width=552>&nbsp;</TD></TR>
<TR><TD valign=top width=111.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">4(a)</P>
</TD><TD valign=top width=552><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Cincinnati Financial Corporation</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Amended Stock Option Plan No. VIII*</P>
</TD></TR>
<TR><TD valign=top width=111.2>&nbsp;</TD><TD valign=top width=552>&nbsp;</TD></TR>
<TR><TD valign=top width=111.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">4(b)</P>
</TD><TD valign=top width=552><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Form of stock option agreement for nonqualified options**</P>
</TD></TR>
<TR><TD valign=top width=111.2>&nbsp;</TD><TD valign=top width=552>&nbsp;</TD></TR>
<TR><TD valign=top width=111.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">4(c)</P>
</TD><TD valign=top width=552><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Form of stock option agreement for incentive stock options***</P>
</TD></TR>
<TR><TD valign=top width=111.2>&nbsp;</TD><TD valign=top width=552>&nbsp;</TD></TR>
<TR><TD valign=top width=111.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">5, 23(b)</P>
</TD><TD valign=top width=552><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Opinion and Consent of Dinsmore &amp; Shohl LLP</P>
</TD></TR>
<TR><TD valign=top width=111.2>&nbsp;</TD><TD valign=top width=552>&nbsp;</TD></TR>
<TR><TD valign=top width=111.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">23(a)</P>
</TD><TD valign=top width=552><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Consent of Deloitte &amp; Touche LLP</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Independent Registered Public Accounting Firm</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">*Incorporated herein by reference to Appendix A to the registrant&#146;s definitive proxy statement (DEF 14A) filed&nbsp;on March 21, 2005.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">**Incorporated herein by reference to Exhibit 10.2 to the registrant&#146;s Current Report on Form 8-K filed July&nbsp;19, 2005.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">***Incorporate herein by reference to Exhibit 10.1 to the registrant&#146;s Current Report on Form 8-K filed July&nbsp;19, 2005</P>
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[{"type": "S-8", "sequence": "1", "filename": "cinfins8.htm", "description": "FORM S-8", "secsgml_size_bytes": 50344}]
{"company-data": {"conformed-name": "CINCINNATI FINANCIAL CORP", "cik": "0000020286", "assigned-sic": "6331", "irs-number": "310746871", "state-of-incorporation": "OH", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-126714", "film-number": "05962767"}, "business-address": {"street1": "6200 S GILMORE RD", "city": "FAIRFIELD", "state": "OH", "zip": "45014", "phone": "5138702000"}, "mail-address": {"street1": "P.O. BOX 145496", "city": "CINCINNATI", "state": "OH", "zip": "45250"}}
Converted by EDGARwiz
_____________________________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________________________
FORM S-8 REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
_____________________________
CINCINNATI FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
OHIO                         31-0746871
(State of Incorporation)   (I.R.S. Employer Identification No.)
Cincinnati Financial Center
6200 S. Gilmore Road
Fairfield, Ohio 45014
(Address of Principal Executive Offices)
P. O. Box 145496
Cincinnati, Ohio 45250-5496
(Mailing Address)
_____________________________
CINCINNATI FINANCIAL CORPORATION
STOCK OPTION PLAN NO. VIII
(Full Title of the Plan)
_____________________________
Kenneth W. Stecher
Senior Vice President
6200 S. Gilmore Road
Fairfield, Ohio 45014
(Name and address of agent for service)
Agent's telephone number, including area code: (513) 870-2000
_____________________________
CALCULATION OF REGISTRATION FEE
Title of Securities
to be Registered
Amount to be
Registered
(1)
Proposed
maximum offering
price per share
(2)
Proposed
maximum
aggregate offering
Amount of
Registration Fee
Common Stock, par value $2 per share
10,000,000 shares
$40.04
$400,400,000
$50,730.68
(1)
This registration statement also covers such indeterminable number of additional shares of Common Stock of the registrant as may become issuable with respect to all of any of such shares pursuant to antidilution provisions in the plan.
(2)
Inserted solely for purposes of computing the registration fee and based, pursuant to Rule 457(h) under the Securities Act of 1933, as amended, on the average of the high and low sales price of the Common Stock on July 14, 2005 on the Nasdaq National Market.
2
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents filed with the Securities and Exchange Commission are hereby incorporated by reference:
(a)
The Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2004.
(b)
The Company's Quarterly Report on Form 10-Q for the period ended March 31, 2005.
(c)
All other reports filed by the registrant pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 since December 31, 2004; and
(d)
The description of the registrant's Common Stock contained in its registration statement filed under Section 12 of the Securities Exchange Act of 1934, including any amendment or report filed for the purpose of updating such description.
All documents filed by the registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934 after the date hereof and prior to the termination of the offering of the securities offered hereby shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing such documents.
ITEM 4. DESCRIPTION OF SECURITIES
Not applicable.
ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL
Not Applicable
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 1701.13(E) of the Ohio Revised Code provides that a corporation may indemnify or agree to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding whether civil, criminal, administrative, or investigative, other than an action by or in the right of the corporation, by reason of the fact that the person is or was a director, officer, employee, or agent of the corporation, or is or was serving at its request as a director, trustee, officer, employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise, against expenses, including attorneys' fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit, or proceeding if the person is determined under the procedure described in the Section to have (a) acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and (b) had no reasonable cause to believe the conduct was unlawful in the case of
3
any criminal action or proceeding. However, with respect to expenses actually and reasonably incurred in connection with the defense or settlement of any action or suit by or in the right of the corporation to procure a judgment in its favor, no indemnification is to be made (i) in respect of any claim, issue, or matter as to which such person was adjudged liable for negligence or misconduct in the performance of such person's duty to the corporation unless, and only to the extent that, it is determined by the court upon application that, despite the adjudication of liability, such person is fairly and reasonably entitled to indemnity for such expenses as the court deems proper, or (ii) in respect of any action or suit in which the only liability asserted against a director is in connection with the alleged making of an unlawful loan, dividend or distribution of corporate assets. The Section also provides that such person shall be indemnified against expenses actually and reasonably incurred by the person to the extent successful in defense of the actions referred to above, or in defense of any claim, issue, or matter therein.
The registrant's Amended Articles of Incorporation provide for the indemnification of officers and directors of the registrant to the fullest extent permitted by law.  The above is a general summary of certain provisions of the Ohio Revised Code and is subject in all cases to the specific provisions thereof.
The registrant maintains an insurance policy covering its directors and officers against certain civil liabilities, including liabilities under the Securities Act of 1933.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not Applicable
ITEM 8. EXHIBITS
The following exhibits are included in this Registration Statement on Form S-8.
4(a)
Cincinnati Financial Corporation Amended Stock Option Plan No. VIII*
4(b)
Form of stock option agreement for nonqualified stock options**
4(c)
Form of stock option agreement for incentive stock options***
5
Opinion re Legality
23(a)
Independent Registered Public Accounting Firm's Consent
23(b)
Consent of Attorneys (included in Exhibit 5)
*Incorporated herein by reference to Appendix A to the registrant's definitive proxy statement (DEF 14A) filed on March 21, 2005.
**Incorporated herein by reference to Exhibit 10.2 to the registrant's Current Report on Form 8-K filed July 19, 2005.
***Incorporate herein by reference to Exhibit 10.1 to the registrant's Current Report on Form 8-K filed July 19, 2005.
4
ITEM 9. UNDERTAKINGS
*(a)
The undersigned registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i)
To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii)
To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement;
(iii)
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
Provided, however,
that paragraphs (a)(1)(i) and a)(1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.
(2)
That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
*(b)
The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
*(h)
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being
5
registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
*Paragraph references correspond to those of Securities and Exchange Commission Regulation S-K, Item 512.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8, and has duly caused this S-8 Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Cincinnati, State of Ohio, on this 15th day of July 2005.
CINCINNATI FINANCIAL CORPORATION
By:
/s/John J. Schiff, Jr.
John J. Schiff, Jr., Chairman, President
and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ John J. Schiff, Jr.
John J. Schiff, Jr.
Chairman, President and
Chief Executive Officer
(Principal Executive Officer)
July 15, 2005
/s/ Kenneth W. Stecher
Kenneth W. Stecher
Chief Financial Officer and Senior Vice President
(Principal Financial and
Accounting Officer)
July 15, 2005
/s/ William F. Bahl
William F. Bahl
Director
July 15, 2005
6
/s/ James E. Benoski
James E. Benoski
Director
July 15, 2005
/s/ Michael Brown
Michael Brown
Director
July 15, 2005
/s/ Dirk J. Debbink
Dirk J. Debbink
Director
July 15, 2005
/s/ Kenneth C. Lichtendahl
Kenneth C. Lichtendahl
Director
July 15, 2005
/s/ W. Rodney McMullen
W. Rodney McMullen
Director
July 15, 2005
/s/ Gretchen W. Price
Gretchen W. Price
Director
July 15, 2005
/s/ Thomas R. Schiff
Thomas R. Schiff
Director
July 15, 2005
/s/ John M. Shepherd
John M. Shepherd
Director
July 15, 2005
/s/ Douglas S. Skidmore
Douglas S. Skidmore
Director
July 15, 2005
/s/ John F. Steele, Jr.
John F. Steele, Jr.
Director
July 15, 2005
/s/ Larry R. Webb
Larry R. Webb
Director
July 15, 2005
/s/ E. Anthony Woods
E. Anthony Woods
Director
July 15, 2005
7
INDEX TO EXHIBITS
Exhibit No.
Description
4(a)
Cincinnati Financial Corporation
Amended Stock Option Plan No. VIII*
4(b)
Form of stock option agreement for nonqualified options**
4(c)
Form of stock option agreement for incentive stock options***
5, 23(b)
Opinion and Consent of Dinsmore & Shohl LLP
23(a)
Consent of Deloitte & Touche LLP
Independent Registered Public Accounting Firm
*Incorporated herein by reference to Appendix A to the registrant's definitive proxy statement (DEF 14A) filed on March 21, 2005.
**Incorporated herein by reference to Exhibit 10.2 to the registrant's Current Report on Form 8-K filed July 19, 2005.
***Incorporate herein by reference to Exhibit 10.1 to the registrant's Current Report on Form 8-K filed July 19, 2005
8