FIRST INVESTORS CASH MANAGEMENT FUND, INC.
FIRST INVESTORS TAX-EXEMPT MONEY MARKET FUND, INC.
SUPPLEMENT DATED AUGUST 9, 1999
TO STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 1999
The following should be added after the seventh full paragraph under the section
"To Open a Retirement Account" on page 2 of the Shareholder Manual dated April
22, 1999:
Currently, there are no annual service fees chargeable to a participant in
connection with an IRA, SEP-IRA, SARSEP-IRA or SIMPLE-IRA. Each Fund
currently pays the annual $10.00 custodian fee for each IRA account
maintained with such Fund. This policy may be changed at any time by a Fund
on 45 days' written notice to the holder of any IRA, SEP-IRA, SARSEP-IRA or
SIMPLE-IRA. First Financial Savings has reserved the right to waive its fees
at any time or to change the fees on 45 days' prior written notice to the
holder of any IRA.