FIRST INVESTORS INSURED TAX EXEMPT FUND INC, 497, 1998-05-21

FIRST INVESTORS INSURED TAX EXEMPT FUND INC
497, 1998-05-21

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                  FIRST INVESTORS INSURED TAX EXEMPT FUND, INC.
              FIRST INVESTORS INSURED INTERMEDIATE TAX EXEMPT FUND
                     A series of First Investors Series Fund
                          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 16 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 25:

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.


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