FIRST INVESTORS FUND FOR INCOME INC/NY
497, 1998-03-20
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                       FIRST INVESTORS HIGH YIELD FUND, INC.
                        FIRST INVESTORS FUND FOR INCOME, INC.
                          SUPPLEMENT DATED MARCH 27, 1998
                         TO PROSPECTUS DATED APRIL 30, 1997
                                          

     The following sentence should be added to the end of the last paragraph
under "How to Buy Shares-Class A Shares" on page 17:

"The CDSC will be waived for any purchase of $1 million or more on which the
Dealer agrees to receive its concession in installments paid over a 24-month
period."


FIHY398



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