FIRST INVESTORS TAX EXEMPT MONEY MARKET FUND INC
497, 1995-05-24
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                   FIRST INVESTORS CASH MANAGEMENT FUND, INC.
               FIRST INVESTORS TAX-EXEMPT MONEY MARKET FUND, INC.
      Supplement to Statement of Additional Information dated May 1, 1995


The following Director should be added to "Director and Officers" on page 9:

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


                                                                  May 30, 1995
FIMM595


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