FIRST INVESTORS NEW YORK INSURED TAX FREE FUND INC
497, 1999-08-09
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              FIRST INVESTORS INSURED INTERMEDIATE TAX EXEMPT FUND
                     a series of First Investors Series Fund
                  FIRST INVESTORS INSURED TAX EXEMPT FUND, INC.
              FIRST INVESTORS NEW YORK INSURED TAX FREE FUND, INC.
                FIRST INVESTORS MULTI-STATE INSURED TAX FREE FUND
                         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.




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