FIRST INVESTORS LIFE SERIES FUND
497, 1997-05-30
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                        FIRST INVESTORS LIFE SERIES FUND
                  Supplement to Prospectus dated April 30, 1997


      Since late May 1997, the Investment  Grade Fund has been co-managed by Ms.
Nancy Jones and Mr. Clark D. Wagner.  The biographical  information for both Ms.
Jones and Mr. Wagner is in the Prospectus under "Management-Portfolio Managers."


FILS697                                                             June 6, 1997



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