FIRST INVESTORS FUND FOR INCOME INC/NY
497, 1999-07-08
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                      FIRST INVESTORS GOVERNMENT FUND, INC.
                      FIRST INVESTORS INVESTMENT GRADE FUND
                     A SERIES OF FIRST INVESTORS SERIES FUND
                      FIRST INVESTORS FUND FOR INCOME, INC.
                      FIRST INVESTORS HIGH YIELD FUND, INC.
                          SUPPLEMENT DATED JULY 9, 1999
         TO STATEMENT OF ADDITIONAL INFORMATION DATED FEBRUARY 19, 1999

The following replaces item 7 under the section "Class A Shares May be Purchased
Without a Sales  Charge" on page 4 of the  Shareholder  Manual  dated  April 22,
1999:

         7: With the  liquidation  proceeds from a First Investors Life Variable
         Annuity  Fund A,  C, or D  contract  or from a First  Investors  Single
         Premium  Retirement  Annuity contract within one year of the contract's
         maturity date.



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