FIRST INVESTORS PPP FOR INV IN FIR INV HIGH YIELD FUND INC
24F-2NT, 1995-02-21
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Rule 24f-2 Notice for First Investors Periodic Payment Plans for Investment
in First Investors High Yield Fund, Inc. ("Registrant")
95 Wall Street, New York, New York  10005
1933 Act No. 2-53252; 1940 Act No. 811-2564

     NOTICE IS HEREBY GIVEN that the Registrant having previously filed in
its registration statement a declaration that an indefinite number of its
securities (the "Securities") were being registered pursuant to Rule 24f-2
(the "Rule") of the Investment Company Act of 1940, now elects to continue
such indefinite registration and provides the following information:

      (i)  the fiscal year for which this notice is filed is:  1994

      (ii) the amount of Securities which had been registered other than
pursuant to the Rule, but which remained unsold at the beginning of the above
fiscal year were as follows:  None

      (iii)     the amount of Securities registered other than pursuant to the
Rule during the above fiscal year were as follows:  None

      (iv) the amount of Securities sold during the above fiscal year were
as follows: None

      (v)  the amount of Securities sold during the above fiscal year in
reliance upon registration pursuant to the Rule were as follows*: None

     Pursuant to the requirements of the Investment Company Act of 1940, the
undersigned has caused this Notice to be signed on behalf of the Registrant
this 21st day of February, 1995

                                     FIRST INVESTORS CORPORATION

                                 By:  /s/ Joseph I. Benedek       
                                     Joseph I. Benedek, Treasurer



*  The calculation of the aggregate face amount is made pursuant to the Rule
as follows:
<TABLE>
<CAPTION>
 Value of             Value of
Securities Sold  Securities Redeemed         Net         Filing Fee
   <C>               <C>                <C>                 <C>
   $-0-              $14,807,622        $(14,807,622)       $-0-
</TABLE>

There is no legal opinion attached because Registrant did not sell any
Securities during the year 1994.


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