United States Securities and Exchange Commission

                             Washington, D.C. 20549


                                    Form 11-K

(Mark One)

[X] Annual Report  Pursuant to Section 15(d) of  the Securities  Exchange Act of
    1934

                   For the fiscal year ended December 31, 2005
                                             -----------------

                                       or
                                       --

[ ] Transition Report Pursuant  to Section 15(d) of  the Securities Exchange Act
    of 1934


                  For the transition period from _____ to _____


                        Commission file number 001-11001
                                               ---------

                          Citizens 401(k) Savings Plan
                          ----------------------------

                            (Full title of the Plan)


                         Citizens Communications Company
                                3 High Ridge Park
                                  P.O. Box 3801
                               Stamford, CT 06905
                         --------------------------------


                     (Name of issuer of the securities held
                      pursuant to the Plan and the address
                       of its principal executive offices)



<PAGE>



                          CITIZENS 401(k) SAVINGS PLAN

                 Financial Statements and Supplemental Schedule

                           December 31, 2005 and 2004

     (With Report of Independent Registered Public Accounting Firm Thereon)





<PAGE>
<TABLE>
<CAPTION>

                          CITIZENS 401(k) SAVINGS PLAN



                                Table of Contents


                                                                                                             Page
                                                                                                             ----

<S>                                                                                                           <C>
Report of Independent Registered Public Accounting Firm                                                         1

Financial Statements:

     Statements of Net Assets Available for Benefits - December 31, 2005 and 2004                               2

     Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2005             3

Notes to Financial Statements                                                                                 4-10

Supplemental Schedules:*

Schedule H, Line 4(i) - Schedule of Assets (Held at End of Year) as of December 31, 2005                       11

Signature                                                                                                      12

Consent of Independent Registered Public Accounting Firm                                                       13



     * Schedules required by Form 5500 that are not applicable have not been included

</TABLE>

<PAGE>


             Report of Independent Registered Public Accounting Firm



To the Participants and Plan Administrator
of the Citizens 401(k) Savings Plan:


We have  audited the  statements  of net assets  available  for  benefits of the
Citizens  401(k) Savings Plan (the "Plan") as of December 31, 2005 and 2004, and
the related  statement of changes in net assets  available  for benefits for the
year ended December 31, 2005. These financial  statements are the responsibility
of the Plan's  management.  Our responsibility is to express an opinion on these
financial statements based on our audits.

We conducted our audits in accordance with the auditing  standards of the Public
Company Accounting Oversight Board (United States). Those standards require that
we plan and perform the audit to obtain  reasonable  assurance about whether the
financial  statements  are free of  material  misstatement.  An  audit  includes
examining,  on a test basis,  evidence supporting the amounts and disclosures in
the  financial  statements.  An audit also  includes  assessing  the  accounting
principles  used  and  significant  estimates  made  by  management,  as well as
evaluating the overall  financial  statement  presentation.  We believe that our
audits provide a reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material  respects,  the net assets available for benefits of the Plan as of
December 31, 2005 and 2004 and the changes in net assets  available for benefits
for the year ended December 31, 2005, in conformity with U.S. generally accepted
accounting principles.

Our  audits  were  made for the  purpose  of  forming  an  opinion  on the basic
financial statements taken as a whole. The supplemental  Schedule H, Schedule of
Assets (Held at End of Year),  for the year ended December 31, 2005 is presented
for the purposes of additional  analysis and is not a required part of the basic
financial  statements but is  supplementary  information  required by the United
States  Department of Labor's Rules and Regulations for Reporting and Disclosure
under the Employee  Retirement  Income Security Act of 1974.  This  supplemental
schedule  is the  responsibility  of the Plan's  management.  This  supplemental
schedule has been subjected to the auditing  procedures  applied in the audit of
the basic  financial  statements  and, in our opinion,  is fairly  stated in all
material  respects  in  relation to the basic  financial  statements  taken as a
whole.



                                             /s/ Insero & Company CPAs, P.C.
                                                 Certified Public Accountants


Insero & Company CPAs, P.C.
Certified Public Accountants
Rochester, New York
May 19, 2006


                                       1


<PAGE>
<TABLE>
<CAPTION>

                          CITIZENS 401(k) SAVINGS PLAN
                 Statements of Net Assets Available for Benefits
                           December 31, 2005 and 2004


                                                                        2005                  2004
                                                                 -------------------   -------------------
Assets:
     Investments (note 3):
<S>                                                              <C>                   <C>
        Citizens Communications Company common stock             $       57,369,952    $       66,737,216
        Mutual funds                                                    166,262,876           128,063,359
        Collective trusts                                               130,491,878           118,778,484
        Participant loans                                                15,879,011            14,468,743
        Brokerage accounts                                                  155,981               132,009
                                                                 -------------------   -------------------
                 Total investments                                      370,159,698           328,179,811

     Receivables:
        Employer contributions                                              195,383               127,763
        Participant contributions                                           833,434               319,990
        Global Crossing settlement (note 8)                                     -              20,771,420
                                                                 -------------------   -------------------
                 Total receivables                                        1,028,817            21,219,173
                                                                 -------------------   -------------------

                 Net assets available for benefits               $      371,188,515    $      349,398,984
                                                                 ===================   ===================

</TABLE>


                 See accompanying notes to financial statements.


                                       2
<PAGE>

<TABLE>
<CAPTION>

                          CITIZENS 401(k) SAVINGS PLAN
            Statement of Changes in Net Assets Available for Benefits
                          Year ended December 31, 2005


Additions to net assets attributed to:                                                  2005
                                                                                 -------------------
     Investment income:
<S>                                                                               <C>
        Dividends                                                                 $    16,951,952
        Interest                                                                          694,464
        Net depreciation in fair value of investments (note 3)                         (3,013,353)
                                                                                 -------------------
                                                                                       14,633,063
                                                                                 -------------------
     Contributions:
        Participant                                                                    24,306,103
        Employer                                                                        8,239,037
        Rollover                                                                          624,233
                                                                                 -------------------
                                                                                       33,169,373
                                                                                 -------------------
                 Total additions                                                       47,802,436
                                                                                 -------------------
Deductions to net assets attributed to:
     Distributions to participants                                                    (26,012,905)
                                                                                 -------------------
                 Total deductions                                                     (26,012,905)
                                                                                 -------------------
Net increase in assets available for benefits                                          21,789,531
Net assets available for benefits:
     Beginning of year                                                                349,398,984
                                                                                 -------------------
     End of year                                                                  $   371,188,515
                                                                                 ===================

</TABLE>

                See accompanying notes to financial statements.


                                        3


<PAGE>

                          CITIZENS 401(k) SAVINGS PLAN

                          Notes to Financial Statements

                           December 31, 2005 and 2004


(1)  Description of the Plan

     General

     The following  description of the Citizens 401(k) Savings Plan (the "Plan")
     provides  general  information.  Participants  should  refer  to  the  Plan
     document for a more comprehensive description of the Plan's provisions.

     (a)  Background

          The  Plan  is  a  defined  contribution  plan  sponsored  by  Citizens
          Communications  Company (the "Company").  Under the terms of the Plan,
          employees  (other than Frontier union employees  covered by collective
          bargaining  agreements) are eligible to participate in the Plan on the
          first day of the month  coincident  with or next  following his or her
          completion  of three  months of  continuous  service.  Frontier  union
          employees covered by collective  bargaining agreements are eligible to
          participate in the Plan on the first day of the month  coincident with
          or next following his/her completion of 30 days of employment.  Leased
          employees,  individuals  not on the employer's  payroll,  per diem and
          casual workers,  temporary  employees,  and  scholarship  students are
          ineligible to  participate.  The Plan is subject to the  provisions of
          the Employee Retirement Income Security Act of 1974 ("ERISA").

     (b)  Contributions

          Eligible  employees may  contribute,  in 1%  increments,  up to 75% of
          their  annual  eligible  compensation  in elective  pre-tax  deferrals
          through payroll  deductions,  subject to certain maximum  contribution
          restrictions.  The maximum  contribution  allowed for deferral for U.S
          federal income tax purposes in 2005 was $14,000.

          In addition,  eligible  Frontier union employees covered by collective
          bargaining agreements may also elect to make after-tax  contributions,
          in 1%  increments  of  their  annual  eligible  compensation,  through
          payroll  deductions  up to  (i)  50%  of  the  participant's  eligible
          compensation  reduced by (ii) the percentage of eligible  compensation
          deferred through elective pre-tax deferrals.

          All employees  eligible to make  contributions  under the Plan and who
          have  attained or will attain age 50 before the close of the Plan year
          shall be eligible to make catch-up  contributions  in accordance with,
          and subject to the  limitations  of,  Section  414(v) of the  Internal
          Revenue Code ("IRC"). The maximum allowable catch-up  contribution for
          2005 as prescribed by the IRC was $4,000.  No  matching  contributions
          are made with respect to a participant's catch-up contributions.

          The  Company  contributes  50% of  each  non-bargaining  participant's
          contribution  up to 6% of each  participant's  eligible  compensation.
          Through  December  31,  2005,  the Company  contribution  rate was 75%
          (instead of 50%) for  non-bargaining  participants  who were  employed
          with a GTE business  when the Company  acquired that business in 2000.
          Company   contributions   for   participants   covered  by  collective
          bargaining  agreements  are  determined  based  on the  terms of those
          agreements.  Through April 30, 2002,  the Company  contributions  were
          invested  entirely in the Citizens  Communications  Company stock fund
          unless a participant was age 55 or older in which case the participant
          could  have  elected  to have the  Company  contribution  invested  in
          investments  at  his/her  own  discretion.  In  addition,  at age 55 a
          participant could request to transfer  previous Company  contributions
          invested in the above common stock fund to other  investment  options.
          Effective March 1, 2004, the Company match made previously in the form
          of Company stock became unrestricted for certain collective bargaining
          employees.  As of May 1, 2002, the Company  contribution for non-union
          and certain union participants is no longer  exclusively  allocated to
          Citizens    Communications   Company   common   stock.   The   Company
          contributions  for these  participants  made subsequent to May 1, 2002
          are  allocated  to Plan  investments  following  the  same  method  of
          allocation as that for participant-directed investments.


                                       4
<PAGE>

          For  certain  union   employees   covered  by  collective   bargaining
          agreements,  the Company may contribute Employer Fixed  Contributions,
          Employer  Matching  Contributions,  Discretionary  Contributions,  and
          Special  Transition-Year  Contributions  (as  defined  by  the  Plan).
          Participants  should refer to their respective  bargaining  agreements
          for all employer contribution requirements.

          Supplemental  Profit Sharing  Matches may be  contributed,  contingent
          upon the Company  exceeding  certain  financial  targets.  For each 1%
          above the Company's earnings before interest,  taxes, depreciation and
          amortization  ("EBITDA")  goal  approved  by the  Company's  Board  of
          Directors,  the  Company  provides  eligible  employees  with  0.5% of
          eligible  pay in the form of a matching  contribution  into the 401(k)
          Plan, up to a maximum of 3%. For the year ended December 31, 2005, the
          Company  exceeded  its  EBITDA  goal  and a 1.5%  supplemental  profit
          sharing  match  was made on behalf  of 2,109  employees.  For the year
          ended  December 31, 2004,  the Company  exceeded its EBITDA goal and a
          1.5%  supplemental  profit  sharing  match was made on behalf of 2,133
          employees.  Only  non-union  and  certain  union  employees  who  have
          contributed  at least  1% of their  eligible  pay  during  the year as
          elective  deferrals  are eligible for a  Supplemental  Profit  Sharing
          Match.

     (c)  Participant Accounts

          Each   participant's   account  is  credited  with  the  participant's
          contribution  and an allocation of (a) the Company's  contribution and
          (b)  Plan   earnings  or  losses.   Allocations   are  based  on  each
          participant's   investment   election(s).   The  benefit  to  which  a
          participant  is entitled  is the amount that can be provided  from the
          participant's vested account.

     (d)  Vesting

          Participants are vested  immediately in their  contributions  plus the
          allocated  earnings  thereon.  Participants  become 100% vested in the
          Company   contributions  and  the  related  earnings  on  the  Company
          contributions   upon  disability,   death,  or  attainment  of  normal
          retirement age while an employee.  Except as otherwise  noted, for any
          other termination of employment, the vesting schedule is as follows:

                                                          Vested percentage of
                                                       Company contributions and
                         Years of service                  related earnings
                ------------------------------------   -------------------------

                Less than 2 years                                 0%
                2 years but less than 3 years                    40%
                3 years but less than 4 years                    60%
                4 years but less than 5 years                    80%
                5 years or more                                 100%

          Frontier  union  employees  and  certain  other  employees  covered by
          collective  bargaining  agreements are immediately  100% vested in all
          contributions and allocated earnings thereon.


                                       5
<PAGE>

     (e)  Participant Loans

          Participants in the Plan may request to borrow up to the lesser of 50%
          of their vested account balance or $50,000.  The interest rate paid by
          the  participant  is equal to the prime interest rate in effect at the
          beginning  of the month in which  the loan is  processed  and  remains
          fixed at that rate for the term of the loan. Loan repayments are after
          tax,  and are credited to each  participant's  account as the payments
          are  made.  A  participant  may  repay a loan  in full at any  time by
          remitting  his/her  payment  directly to the trustee of the Plan.  Any
          distribution  following a  participant's  termination of employment is
          reduced  by  any  loan  balance   outstanding  at  the  time  of  such
          distribution.

     (f)  Payment of Benefits

          Inactive  participants  do not have the option to keep any  portion of
          their  account  in the  Plan  beyond  the  attainment  of age 70  1/2.
          Participants  still employed by the Company at age 70 1/2, must take a
          full  distribution  of their  balances  on or before  April 1st of the
          calendar year after they retire.

          Upon termination of employment or permanent disability,  a participant
          is  entitled  to  receive  payment  in full of the  vested  portion of
          his/her account. If the value of the terminating  participant's vested
          account  balance  does not exceed  $1,000  ($5,000  prior to March 28,
          2005), the participant's balance will be distributed  automatically at
          that time.

     (g)  Forfeitures

          For the year ended  December  31,  2005  forfeited  nonvested  Company
          contributions  totaled  $259,061.  These amounts are generally used to
          reduce the obligation of the Company to make contributions to the Plan
          and defray administrative costs. For the year ended December 31, 2005,
          $0 of forfeited nonvested Company contributions were used to fund Plan
          administrative  expenses,  and $342,234  (including  amounts remaining
          from prior years) were used to fund the Company match.

     (h)  Administrative Costs

          The  majority of Plan  administrative  costs are paid by  participants
          through investment  management fees. There were no Plan administrative
          expenses  charged by T. Rowe Price for the years  ended  December  31,
          2005 and 2004.

     (i)  Investments

          The Plan offered the following  investment  options as of December 31,
          2005:

                Citizens Communications Company Common Stock
                PIMCO Total Return Fund, Admin. Shares
                PIMCO Long Term U.S. Government Fund, Admin.
                Dreyfus Premier New Leaders Fund, A
                JP Morgan Diversified Mid Cap Growth Fund
                JP Morgan Mid Cap Value Fund, A
                Morgan Stanley Institutional Small Company Growth Portfolio, B
                Morgan Stanley Institutional International Equity Portfolio, B
                Morgan Stanley Institutional U.S. Real Estate Fund, B
                T. Rowe Price Stable Value Fund
                T. Rowe Price Equity Index Trust
                T. Rowe Price Equity Income Fund
                T. Rowe Price Growth Stock Fund
                T. Rowe Price Personal Strategy Balanced Fund
                T. Rowe Price Personal Strategy Growth Fund
                T. Rowe Price Personal Strategy Income Fund
                T. Rowe Price TradeLink

                                       6
<PAGE>

 (2) Summary of Significant Accounting Policies

     (a)  Basis of Accounting

          The financial  statements  of the Plan are prepared  under the accrual
          method of accounting.

     (b)  Use of Estimates

          The preparation of financial  statements in conformity with accounting
          principles generally accepted in the United States of America requires
          management to make estimates and assumptions  that affect the reported
          amount of assets,  liabilities,  changes  therein,  and disclosures of
          contingent  assets  and  liabilities  at the  date  of  the  financial
          statements.   The  preparation  of  these  financial  statements  also
          requires the use of plan administrator  estimates.  Actual results may
          differ from these estimates.

     (c)  Investments

          The Plan's investments are stated at fair value.  Shares of registered
          investment  companies  (mutual  funds)  are  valued at  quoted  market
          prices,  which  represent  the net asset  value of shares  held by the
          Plan.  Investments in collective trusts are valued at fair value based
          on the  underlying  net assets of the trust as reported by the sponsor
          of the collective  trust.  Common stock is valued at its quoted market
          price as of the end of the Plan year.  Participant loans are valued at
          cost, which approximates fair value. The net depreciation/appreciation
          in the fair value of  investments  consists of the net realized  gains
          and losses on the  disposal  of  investments  during  2005 and the net
          unrealized  appreciation/depreciation  of the  market  value  for  the
          investments remaining in the Plan as of December 31, 2005.

          Purchases and sales of securities are recorded on a trade-date  basis.
          Interest  income is  recorded  on the  accrual  basis.  Dividends  are
          recorded on the dividend date.

     (d)  Benefits Paid

          Benefits are recorded when paid.

     (e)  Risks and Uncertainties

          The Plan offers a number of investment options including the Company's
          common stock and a variety of pooled  investment  funds, some of which
          are registered investment companies.  The investment funds principally
          include  U.S.  equities,  international  equities,  and  fixed  income
          securities.  Investment securities, in general, are exposed to various
          risks,  such as interest rate,  credit,  and overall market volatility
          risk.  Due to the level of risk  associated  with  certain  investment
          securities,  it is  reasonable to expect that changes in the values of
          investment  securities  will  occur  in the near  term  and that  such
          changes could materially affect participant account balances.


                                       7
<PAGE>

          The Plan's  exposure to a  concentration  of credit risk is limited by
          the  diversification  of investments  across all  participant-directed
          fund   elections.    Additionally,   the   investments   within   each
          participant-directed fund election are further diversified into varied
          financial instruments, with the exception of the Company common stock,
          which is invested in the security of a single issuer.

(3)  Investments

     The following presents  investments that represent 5% or more of the Plan's
     net assets at the end of year:
<TABLE>
<CAPTION>
                                                                                2005                  2004
                                                                         -------------------   -------------------

Citizens Communications Company Common Stock:
<S>                                                                        <C>                 <C>
    Participant-Directed, 4,430,828 and 4,565,627 shares,
      respectively                                                          $  54,207,800       $  62,960,043
    Nonparticipant-Directed, 260,092 and 273,910 shares,
      respectively                                                              3,162,152           3,777,173
PIMCO Total Return Fund, Admin. Shares                                         26,592,597          25,146,749
Morgan Stanley Institutional International Equity Portfolio, B                 25,744,817          21,287,656
T. Rowe Price Growth Stock Fund                                                26,640,127          21,700,334
T. Rowe Price Stable Value Fund                                                69,471,885          59,671,544
T. Rowe Price Equity Index Trust                                               61,019,993          59,106,940
</TABLE>

     During  2005,  the  Plan's  investments  (including  gains  and  losses  on
     investments bought and sold as well as held during the year) depreciated in
     value by $3,013,353 as follows:

                Common stocks                $    (7,427,800)
                Mutual funds                       1,517,066
                Collective trusts                  2,897,381
                                            ----------------
                                             $    (3,013,353)
                                            ================


                                       8


<PAGE>


(4)  Nonparticipant-Directed Investments

     Information  about  the  assets  available  for  benefits  and  significant
     components of the changes in assets available for benefits  relating to the
     nonparticipant-directed investments is as follows:
<TABLE>
<CAPTION>

                                                                   2005                2004
                                                            -----------------      ---------------

     Assets:
<S>                                                         <C>                    <C>
         Common Stock of the Company at December 31          $     3,162,152        $   3,777,173
                                                            =================      ===============

     Changes in assets:
         Dividends                                                   259,362              605,635
         Net change in fair value of investments                    (415,859)           3,065,827
         Distributions to participants                              (458,524)            (572,621)
         Transfers out                                                 -                  (15,182)
         Transfer to participant-directed investments                  -              (13,800,830)
         Other                                                         -               (3,031,717)
                                                            -----------------      ---------------

                   Change in assets                          $      (615,021)       $ (13,748,888)
                                                            =================      ===============
</TABLE>

(5)  Related Party Transactions

     Certain Plan assets are invested in shares of mutual funds that are managed
     by T. Rowe  Price.  T. Rowe  Price is the  trustee  as defined by the Plan,
     therefore these  transactions  qualify as  party-in-interest  transactions.
     There were no fees paid by the Company to T. Rowe Price for the years ended
     December 31, 2005 and 2004.

(6)  Plan Termination

     Although it has not  expressed  any intention to do so, the Company has the
     right under the Plan to discontinue  its  contributions  at any time and to
     terminate  the  Plan  subject  to  the  provisions  of  ERISA,   Collective
     Bargaining  Agreements and the National Labor Relations Board. In the event
     of  plan  termination,  participants  will  become  100%  vested  in  their
     accounts.

(7)  Tax Status

     As a result  of the  Company's  internal  audit of the  Plan,  the  Company
     identified certain  unintentional  errors in the operation of the Plan. The
     Company completed its evaluation of the previously identified unintentional
     errors in the operation of the Plan, and amended and  resubmitted  the Plan
     to the Internal Revenue Service ("IRS") for a new determination  letter and
     approval on June 18,  2004,  as  supplemented  on February  18,  2005,  and
     revised on July 15, 2005 and November 16, 2005, through the IRS's Voluntary
     Compliance Program, of the proposed remedies for such errors.

     On January  9, 2006 the IRS issued a  compliance  statement  approving  the
     proposed remedies and a favorable  determination letter with respect to the
     qualified  status of the Plan under  Section  401(a) of the IRC and the tax
     exemption of the related trusts under Section 501(a) of the IRC.


                                       9
<PAGE>


(8)  Subsequent Events and Other Matters

     During 2004, the United States District Court for the Southern  District of
     New York  approved a settlement of the class action suits brought on behalf
     of Plan participants  whose accounts held Global Crossing common stock. The
     settlement  included  a plan of  allocation  under  which the  proceeds  of
     $20,771,420 were allocated to the Plan accounts of the class members on May
     19, 2005.

     Effective  January 1, 2006, the Plan was amended to implement  restrictions
     on a  participant's  ability to invest in Citizens  Communications  Company
     common stock if the value of company  stock  exceeds 15% of the total value
     of the participant's account. In addition, a participant is restricted from
     investing more than 15% of current contributions in company stock.

     Effective   January  1,  2006,   each   eligible   employee  not  otherwise
     participating in the Plan shall become a participant as of the first day of
     the  month  (the  "entry  date")   immediately   following  the  employee's
     completion of 30 days of service, provided that the employee is employed by
     a participating employer in an eligible class of employees.  For plan years
     beginning  prior to January 1, 2006,  each eligible  employee not otherwise
     participating  in the Plan shall become a participant  as of the entry date
     immediately  following  (i)  the  employee's  attainment  of age  21  (this
     requirement  is not  applicable  on or after August 1, 2003),  and (ii) the
     employee's completion of three months of continuous service,  provided that
     the employee is employed by a  participating  employer in an eligible class
     of employees.


                                       10
<PAGE>
<TABLE>
<CAPTION>

                          CITIZENS 401(k) SAVINGS PLAN

        Schedule H, line 4(i) - Schedule of Assets (Held at End of Year)

                                December 31, 2005


                          Identity of Issuer                          Description of Investment                     Current Value
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                           <C>                                                   <C>
*    Citizens Communications Company                           Common Stock; 4,690,920 shares; cost at $64,111,635   $  57,369,952

*    T. Rowe Price TradeLink                                   Brokerage Accounts; 155,981 shares                          155,981

     PIMCO Total Return Fund, Admin. Shares                    Mutual Funds; 2,532,628 shares                           26,592,597
     Dreyfus Premier New Leaders Fund, A                       Mutual Funds; 141,492 shares                              6,652,972
     JP Morgan Diversified Mid Cap Growth Fund                 Mutual Fund; 334,504 shares                               7,961,184
     JP Morgan Mid Cap Value Fund, A                           Mutual Fund; 360,995 shares                               8,403,972
     PIMCO Long Term U.S. Government Fund, Admin.              Mutual Fund; 299,519 shares                               3,294,711
     Morgan Stanley Institutional Small Company Growth
      Portfolio, B                                             Mutual Fund; 1,440,115 shares                            17,727,819
     Morgan Stanley Institutional International Equity
      Portfolio, B                                             Mutual Fund; 1,275,127 shares                            25,744,817
     Morgan Stanley Institutional U.S. Real Estate Fund, B     Mutual Fund; 446,484 shares                              10,362,884
*    T. Rowe Price Personal Strategy Balanced Fund             Mutual Fund; 447,771 shares                               8,404,663
*    T. Rowe Price Personal Strategy Income Fund               Mutual Fund; 167,146 shares                               2,518,890
*    T. Rowe Price Growth Stock Fund                           Mutual Fund; 938,033 shares                              26,640,127
*    T. Rowe Price Equity Income Fund                          Mutual Fund; 680,283 shares                              17,632,935
*    T. Rowe Price Personal Strategy Growth Fund               Mutual Fund; 187,324 shares                               4,325,305
                                                                                                                   ----------------
                                                               Total mutual funds                                      166,262,876
                                                                                                                   ----------------

*    T. Rowe Price Stable Value Fund                           Collective Trust; 69,471,885 shares                      69,471,885
*    T. Rowe Price Equity Index Trust                          Collective Trust; 1,703,993 shares                       61,019,993
                                                                                                                   ----------------
                                                               Total collective trust                                  130,491,878
                                                                                                                   ----------------

*    Participant loans                                         3,557 loans, maturing in 1 to 20 years, with
                                                                interest rates ranging from 4.0% to 10.0%               15,879,011
                                                                                                                   ----------------

                                                                                                                     $ 370,159,698
                                                                                                                   ================
     * Party-in-interest as defined by ERISA

</TABLE>

                 See accompanying independent auditors' report.


                                       11
<PAGE>


                          Citizens 401(k) Savings Plan



                                    Signature
                                    ---------




Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the Plan
Administrators have duly caused this annual report to be signed on its behalf by
the undersigned hereunto duly authorized.



                           Citizens 401(k) Savings Plan



                           By   /s/  Robert J. Larson
                             ----------------------------------------

                                     Robert J. Larson

                           Senior Vice President and Chief Accounting Officer



June 29, 2006


                                       12
<PAGE>



            Consent of Independent Registered Public Accounting Firm




We consent to the  incorporation  by reference in  Registration  Statement  (No.
33-48683) on Form S-8 and in Registration  Statement (No. 333-91054) on Form S-8
of Citizens Communications Company of our report dated May 19, 2006, relating to
the  statements  of net assets  available  for benefits of the  Citizens  401(k)
Savings  Plan as of December  31, 2005 and 2004,  and the related  statement  of
changes in net assets  available  for benefits  for the year ended  December 31,
2005, which report appears in the Annual Report on Form 11-K.



                                         /s/ Insero & Company CPAs, P.C.
                                             Certified Public Accountants



Rochester, New York
June 29, 2006


                                       13