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                                                                       Exhibit 5

                  BECKMAN, WEIL, SHEPARDSON AND FALLER, LLC
                               ATTORNEYS AT LAW


1200 Mercantile Center - 120 East Fourth Street - Cincinnati, Ohio 45202-4007
               Telephone: (513) 621-2100 - Fax: (513) 621-0106

                                 August 26, 1999


Cincinnati Financial Corporation
Cincinnati Financial Center
Post Office Box 145496
Cincinnati, Ohio  45214-5496

Gentlemen:

         With respect to the Registration Statement on Form S-8 filed by
Cincinnati Financial Corporation with the Securities and Exchange Commission for
the purpose of registering under the Securities Act of 1933, as amended,
5,000,000 shares of Common Stock of Cincinnati Financial Corporation, we have
examined such documents and questions of law as we have considered necessary or
appropriate for the purpose of this opinion and, on the basis of such
examination, we advise you that, in our opinion, when the stock has been issued
and sold as contemplated by the Registration Statement and by the Cincinnati
Financial Corporation Stock Option Plan No. VI, the stock will be legally
issued, fully paid and non-assessable.

         We consent to the filing of this opinion as an exhibit to the
Registration Statement.


                                Very sincerely yours,

                                BECKMAN, WEIL, SHEPARDSON AND FALLER, LLC



                                By: /s/ W. Philip Shepardson, Jr.
                                    __________________________________
                                    W. Philip Shepardson, Jr.

WPS/kg


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