Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Hollenbeck Martin F
 2. Date of Event Requiring Statement (Month/Day/Year)
02/01/2008		 3. Issuer Name and Ticker or Trading Symbol
CINCINNATI FINANCIAL CORP [CINF]
(Last)
(First)
(Middle)
6200 SOUTH GILMORE RD		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President - Subsidiary
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

FAIRFIELD, OH 45014-5141		 6. Individual or Joint/Group Filing(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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 1,010
D
 
Common Stock 965
I
By 401K
Common Stock 52
I
By Children

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) 01/25/2001(1) 01/25/2010 Common Stock 4,410 $ 26.95 D  
Employee Stock Option (right to buy) 01/27/2000(1) 01/27/2009 Common Stock 1,654 $ 30.6 D  
Employee Stock Option (right to buy) 02/01/2004(1) 02/01/2013 Common Stock 3,308 $ 32.45 D  
Employee Stock Option (right to buy) 01/31/2002(1) 01/31/2011 Common Stock 2,205 $ 32.81 D  
Employee Stock Option (right to buy) 01/28/2003(1) 01/28/2012 Common Stock 3,308 $ 34.96 D  
Employee Stock Option (right to buy) 01/19/2005(1) 01/19/2014 Common Stock 3,308 $ 38.8 D  
Employee Stock Option (right to buy) 01/25/2006(1) 01/25/2015 Common Stock 5,250 $ 41.62 D  
Employee Stock Option (right to buy) 01/31/2008(1) 01/31/2017 Common Stock 2,000 $ 44.79 D  
Employee Stock Option (right to buy) 02/02/2007(1) 02/02/2016 Common Stock 4,000 $ 45.26 D  
Phantom Stock   (2)   (2) Common Stock 3,090 $ 0 D  
Restricted Stock Units   (3)   (3) Common Stock 490 $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hollenbeck Martin F
6200 SOUTH GILMORE RD
FAIRFIELD, OH 45014-5141		       President - Subsidiary  

Signatures

MartinFHollenbeck 02/08/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(3) The restricted stock units vest 1/31/2010, three years from grant date if service requirements are met.
(1) The option vests in three equal annual installments beginning on the first anniversary of the date of grant.
(2) Shares were acquired through fixed contributions and dividend reinvestment in the Top Hat plan.

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