FIRST INVESTORS U S GOVERNMENT PLUS FUND
497, 1998-10-01
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                    FIRST INVESTORS U.S. GOVERNMENT PLUS FUND
                        SUPPLEMENT DATED OCTOBER 2, 1998
          TO PROSPECTUS DATED APRIL 30, 1998, AS AMENDED MAY 22, 1998

The following should replace the third paragraph of page 1:

      Each Fund is distinguished by the length of time its shares are offered to
the public, the dollar amount of such Fund's shares so offered,  the anticipated
maturity  date,  or  any  or all of the  foregoing.  Each  Fund  has a  separate
portfolio of investments.  The maturity date of each Fund is: 1st Fund, December
31, 2004; 2nd Fund, December 31, 1999; 3rd Fund, December 31, 1998. Based on the
current  composition of the portfolio of the 3rd Fund, the Fund anticipates that
its portfolio will be entirely in cash or cash  equivalents by November 15, 1998
and that distributions to shareholders will be made by December 31, 1998.



                    FIRST INVESTORS U.S. GOVERNMENT PLUS FUND
                        SUPPLEMENT DATED OCTOBER 2, 1998
          TO PROSPECTUS DATED APRIL 30, 1998, AS AMENDED MAY 22, 1998

The following should replace the third paragraph of page 1:

      Each Fund is distinguished by the length of time its shares are offered to
the public, the dollar amount of such Fund's shares so offered,  the anticipated
maturity  date,  or  any  or all of the  foregoing.  Each  Fund  has a  separate
portfolio of investments.  The maturity date of each Fund is: 1st Fund, December
31, 2004; 2nd Fund, December 31, 1999; 3rd Fund, December 31, 1998. Based on the
current  composition of the portfolio of the 3rd Fund, the Fund anticipates that
its portfolio will be entirely in cash or cash  equivalents by November 15, 1998
and that distributions to shareholders will be made by December 31, 1998.



                    FIRST INVESTORS U.S. GOVERNMENT PLUS FUND
                        SUPPLEMENT DATED OCTOBER 2, 1998
          TO PROSPECTUS DATED APRIL 30, 1998, AS AMENDED MAY 22, 1998

The following should replace the third paragraph of page 1:

      Each Fund is distinguished by the length of time its shares are offered to
the public, the dollar amount of such Fund's shares so offered,  the anticipated
maturity  date,  or  any  or all of the  foregoing.  Each  Fund  has a  separate
portfolio of investments.  The maturity date of each Fund is: 1st Fund, December
31, 2004; 2nd Fund, December 31, 1999; 3rd Fund, December 31, 1998. Based on the
current  composition of the portfolio of the 3rd Fund, the Fund anticipates that
its portfolio will be entirely in cash or cash  equivalents by November 15, 1998
and that distributions to shareholders will be made by December 31, 1998.




GPP1098



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