UNITED STATES
                         SECURITIES EXCHANGE COMMISSION
                             Washington, D.C. 20549

--------------------------------------------------------------------------------


                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                                (Amendment No. )*

                         CITIZENS BANCSHARES CORPORATION
                         -------------------------------
                                (Name of Issuer)


                      Common Stock, par value $1 per share
                      ------------------------------------
                         (Title of Class of Securities)


                                    173168105
                                    ---------
                                 (CUSIP Number)


                                December 31, 2001
                                -----------------
             (Date of Event which Requires Filing of this Statement)


Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

                                | | Rule 13d-1(b)

                                | | Rule 13d-1(c)

                                |X| Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).


                          Continued on following pages
                                Page 1 of 5 Pages



                                  SCHEDULE 13G

CUSIP No.: 173168105                                           Page 2 of 5 Pages

.................................................................................
1.     Names of Reporting Persons.

       I.R.S. Identification Nos. of above persons (entities only).


       FEDERAL NATIONAL MORTGAGE ASSOCIATION
.................................................................................
2.     Check the Appropriate Box if a Member of a Group

       (a) |_|

       (b) |_|
.................................................................................
3.     SEC Use Only
.................................................................................
4.     Citizenship or Place of Organization

       [Delaware]
.................................................................................
Number of            5.     Sole Voting Power              105,208
Shares              ............................................................
Beneficially         6.     Shared Voting Power            None
Owned by Each       ............................................................
Reporting            7.     Sole Dispositive Power         105,208
Person With         ............................................................
                     8.     Shared Dispositive Power       None
.................................................................................
9.     Aggregate Amount Beneficially Owned by Each Reporting Person

       105,208
.................................................................................
10.    Check if the  Aggregate  Amount in Row (9) Excludes  Certain  Shares (See
       Instructions)

       [ ]
.................................................................................
11.    Percent of Class Represented by Amount in Row (9)

       5.25% based on 2,002,548 shares outstanding. /1/
.................................................................................
12.    Type of Reporting Person:

       CO

/1/   Solely as a result  of the  Issuer's  repurchase  of  outstanding  shares,
      Fannie Mae first  became the owner of more than five percent of the shares
      outstanding  during the year ending  December  31, 2001,  5.16%  based  on
      2,038,213 shares outstanding.



                                                               Page 3 of 5 Pages

Item 1(a).        Name of Issuer:

                  Citizens Bancshares Corporation (the "Issuer").

Item 1(b).        Address of Issuer's Principal Executive Offices:

                  175 John Wesley Dobbs Avenue, N.E., Atlanta, Georgia 30303.

Item 2(a).        Name of Person Filing

                  This Statement is filed on behalf of Federal National Mortgage
Association  ("Fannie  Mae") and relates to Shares (as defined  herein) held for
the account of Fannie Mae.

Item 2(b).        Address of Principal Business Office or, if None, Residence

                  The address of the principal  business office of Fannie Mae is
3900 Wisconsin Avenue, NW, Washington, DC 20016.

Item 2(c).        Citizenship

                  Fannie Mae is a federally chartered corporation.

Item 2(d).        Title of Class of Securities:

                  Common Stock, par value $1 per share (the "Shares")

Item 2(e).        CUSIP Number:

                  173168105

Item 3.           If This Statement is Filed Pursuant to Sec.Sec.240.13d-1(b) or
                  240.13d-2(b) or (c), Check Whether the Person Filing is a:

                  This Item 3 is not applicable.

Item 4.           Ownership:

Item 4(a)         Amount Beneficially Owned:

                  As  of  December  31,  2007,  Fannie  was  deemed  to  be  the
beneficial owner of 105,208 Shares.

Item 4(b)         Percent of Class:

                  As of  December  31,  2007,  Fannie  Mae was  deemed to be the
beneficial  owner  of  approximately   5.25%  of  the  total  number  of  Shares
outstanding  (based upon  information  provided  by the Issuer in its  quarterly
report on Form 10-Q for the quarterly period ended September 30, 2007 for fiscal
year 2007, there were 2,002,548 shares outstanding).



                                                               Page 4 of 5 Pages

Item 4(c)         Number of Shares of which such person has:

Fannie Mae:

(i) Sole power to vote or direct the vote:                               105,208

(ii) Shared power to vote or direct the vote:                                  0

(iii) Sole power to dispose or direct the disposition of:                105,208

(iv) Shared power to dispose or direct the disposition of:                     0

Item 5.           Ownership of Five Percent or Less of a Class:

                  This Item 5 is not applicable

Item 6.           Ownership  of More than  Five  Percent  on  Behalf of  Another
                  Person:

                  This Item 6 is not applicable.

Item 7.           Identification  and  Classification  of the  Subsidiary  Which
                  Acquired the Security  Being Reported on By the Parent Holding
                  Company:

                  This Item 7 is not applicable.

Item 8.           Identification and Classification of Members of the Group:

                  This Item 8 is not applicable.

Item 9.           Notice of Dissolution of Group:

                  This Item 9 is not applicable.

Item 10. Certification:

                  By signing  below I certify  that, to the best of my knowledge
and belief, the securities  referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing  the control of
the  issuer  of the  securities  and  were  not  acquired  and are  not  held in
connection  with or as a participant in any  transaction  having that purpose or
effect.



                                                               Page 4 of 5 Pages

                                    SIGNATURE

      After  reasonable  inquiry and to the best of my knowledge  and belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.

Date: February 14, 2008              FEDERAL NATIONAL MORTGAGE ASSOCIATION


                                     By: /s/ Polly N. Klane
                                           ----------------------
                                     Name:  Polly N. Klane
                                     Title: Senior Vice President and Deputy
                                            General Counsel