FIRST INVESTORS FUND FOR INCOME INC/NY
497, 1998-05-21
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                      FIRST INVESTORS HIGH YIELD FUND, INC.
                      FIRST INVESTORS FUND FOR INCOME, INC.
                          Supplement dated May 22, 1998
                       to Prospectus dated April 30, 1998


1. Item No. (7) under "How to Buy  Shares-Waivers  of Class A Sales  Charges" on
page 19 should read as follows:

(7) any purchase  made during the period  November 15, 1998 to February 28, 1999
with the proceeds  from a redemption  made after  November 14, 1998 from the 3rd
Fund of First Investors U.S. Government Plus Fund;

2. The following  sentence replaces the last two sentences of the last paragraph
under "Dividends and Other Distributions" on page 28:

Any subsequent  dividend or other  distribution will be reinvested in additional
shares of the distributing  class at net asset value until the Fund receives new
instructions.


FIHYP598


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