CITIZENS, INC. — Director's Dealing 2004

Jan 30, 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: OLIVER MARK A (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-31	Class A Common Stock	L	56	—	Acquired	5110	Direct
2003-12-31	Class A Common Stock	L	358	—	Acquired	5468	Direct

Footnotes

F1: These shares were purchased through Citizens' Stock Investment Plan by payroll deduction.

F2: These shares were stock dividends received on Mr. Oliver's on 12/31/03.