Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant.

On June 30 2009, Cincinnati Financial Corporation obtained an extension of its $75 million unsecured discretionary line of credit with PNC Bank, N.A. from June 30, 2009 to August 31, 2009, with no other change in contract terms. CFC Investment Company, a subsidiary of Cincinnati Financial Corporation, also is a borrower under this line of credit. At June 30, 2009, there was $49 million outstanding on this line of credit at a rate of LIBOR plus 100 basis points.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

Exhibit 10.01 - Conformation letter extending term of $75 million unsecured discretionary line of credit with PNC Bank, N.A. dated June 30, 2009.

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