SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549
                                
                            FORM 8-K
                                
                                
                         CURRENT REPORT
                                
                                
               Pursuant to Section 13 or 15 (d) of
               the Securities Exchange Act of 1934
                                
                                
                Date of Report: September 2, 1997
                (Date of earliest event reported)
                                
                                
                         CITIZENS, INC.
     (Exact name of registrant as specified in its charter)
                                
                                
                            COLORADO
                 (State or other jurisdiction of
                         incorporation)



        0-16509                              84-0755371
(Commission File Number)                   (IRS Employer
                                       Identification Number)


 400 East Anderson Lane
     Austin, Texas                             78752
 (Address of principal                       (Zip Code)
   executive offices)

                        (512) 837-7100
                 (Registrant's telephone number)
Item 1.  Changes in Control of Registrant.
     None.

Item 2.  Acquisition or Disposition of Assets.
     None.

Item 3.  Bankruptcy or Receivership.
     None.

Item 4.  Certifying Accountants.
     None.

Item 5.  Other Events.
     None.

Item 6.  Resignations of Registrant's Directors.
     None.

Item 7.  Financial Statements and Exhibits.
     None.

Item 8.  Change in Fiscal Year.
     None.

Item 9.  Sales of Equity Securities Pursuant to Regulation S

As   previously  disclosed  in  Registrant's  filings  with   the
Commission,  under Regulation S purchase rights  are  granted  to
Citizens Insurance Company of America ("CICA") policyholders  who
are neither U.S. citizens nor residents.  Certain purchase rights
were  exercised for the issuance of Registrant's Class  A  Common
Stock, no par value, as follows under Regulation S:

                                       No.                     of
Proceeds
           Date               Shares1              Total   Price2
Commissions3          to Registrant
        9/02/97      2,250              $16,875.00      $2,109.00
$14,766.00
_____________________
1  The  shares  are  issued subject to a  contractual  three-year
holding period.
2 All dollar amounts are reported in US dollars.
3  Payable to CINN-A-CORP., a Panamanian corporation, as managing
agent.
                            SIGNATURE
                                
                                
      Pursuant to the requirement of the Securities Exchange  Act
of  1934, the Registrant has duly caused this report to be signed
on  Registrant's behalf by the undersigned, duly  authorized  and
empowered officer of the Registrant.

                                      CITIZENS, INC.




                                      By:/s/ Mark A. Oliver
                                         Mark A. Oliver, FLMI
                                         President

Date:  September 4, 1997