CITIZENS, INC. - Director's Dealing 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: RILEY HAROLD E (Director, Chairman, 10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-04-10	Class A Common Stock	G	17000.0000	—	Disposed	4118055.0000	Direct
2004-02-04	Class A Common Stock	P	332.0000	—	Acquired	4118387.0000	Direct
2003-12-31	Class A Common Stock	J	288282.0000	—	Acquired	4406669.0000	Direct
2003-12-31	Class A Common Stock	J	23548.0000	—	Acquired	359936.0000	Indirect
2003-12-31	Class BA Common Stock	J	57238.72	—	Acquired	874935.0000	Indirect

F1: These shares were purchased through February 4, 2004 through the Stock Investment Plan

F2: These shares were received through a stock dividend.

F3: These shares were received by Mr. Riley's spouse through a stock dividend.

F4: These shares were received through a stock dividend.