FIRST INVESTORS CASH MANAGEMENT FUND, INC.
FIRST INVESTORS TAX-EXEMPT MONEY MARKET FUND, INC.
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 29, 1996
AS AMENDED JULY 22, 1996
The following should be added to "Additional Exchange and Redemption
Information and Other Services:"
SUPER CHECKING PROGRAM. If you are a Class A shareholder you can have
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monies in your Fund account automatically transferred or "swept" into a
non-interest bearing bank account ("Bank Account") with First Financial Savings
Bank, S.L.A. ("First Financial"), an affiliate of the Funds. On any day when the
available balance of your Bank Account falls below $1,000 as a result of
withdrawals, a sufficient number of Fund shares in increments of $100 will be
redeemed and the proceeds swept into your Bank Account to bring your Bank
Account balance to $1,000. On any day when the available balance of your Bank
Account equals or exceeds $1,100, First Financial will sweep funds in increments
of $100 into your Fund account for the purchase of Fund shares. Deposits can
only be made to your Bank Account by means of electronic fund transfer or
federal funds wire. Checks sent to First Financial will be used for the purchase
of shares in your Fund account. Investments in your Fund account will not be
available for a fifteen-day period commencing on the day after your purchase of
Fund shares. You will receive a monthly statement listing Fund shares purchased
during that period. While funds in your Bank Account are insured by the FDIC,
shares in your Fund account are not insured by the FDIC or guaranteed by First
Financial. These shares are subject to investment risks including the possible
loss of principal invested. See the Super Checking Account and Sweep Agreement
for a list of charges which may be levied against your Bank Account by First
Financial.
January 6, 1997
FIMM197
