FIRST INVESTORS SPECIAL BOND FUND INC
497, 1995-05-24
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                    FIRST INVESTORS SPECIAL BOND FUND, INC.
      Supplement to Statement of Additional Information dated May 1, 1995


The following Director should be added to "Directors and Officers" on page 7:

James M. Srygley, Director, 33 Hampton Road, Chatham, NJ  07928.  Principal, 
Hampton Properties, Inc., property investment company.


                                                                  May 30, 1995
FISB595


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