CITIZENS, INC. — Director's Dealing 2004

Feb 14, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CITIZENS INC (CIA)
CIK: 0000024090
Period of Report: 2003-12-31

Reporting Person: SHELTON STEVEN F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2002-06-01	Class A Common Stock	J	323	—	Acquired	2480.0000	Direct
2003-12-31	Class A Common Stock	J	174	—	Acquired	2654.0000	Direct

Footnotes

F1: These shares were received through a 15% stock dividend on June 1, 2002

F2: These shares were received through a 7% stock dividend on December 31, 2003