FIRST INVESTORS LIFE SERIES FUND, 497, 1999-02-11

FIRST INVESTORS LIFE SERIES FUND
497, 1999-02-11
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                        FIRST INVESTORS LIFE SERIES FUND
                       SUPPLEMENT DATED FEBRUARY 12, 1999
         TO STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 1998


The following paragraph is inserted at the top of page 12 immediately  following
the carry-over paragraph:

INTERNATIONAL  SECURITIES  FUND may also purchase stock index futures  contracts
and options  thereon to maintain a desired  percentage  of the Fund  invested in
stocks  in the  event  of a large  cash  flow  into  the  Fund,  or to  generate
additional  income from cash held by the Fund.  Stock index  futures and options
thereon may also be used to adjust country  exposure.  When the Fund purchases a
stock index futures contract on foreign stocks, a corresponding foreign currency
forward or foreign  currency  futures  contract  is executed to provide the same
currency exposure that would result from directly owning the underlying  foreign
stocks.  Failure to obtain such currency  exposure would constitute a hedge back
into U.S. dollars with respect to such index futures positions. The value of the
Fund's futures  positions  shall not exceed 5% of the total assets in the Fund's
portfolio.

LSSAI299







                        FIRST INVESTORS LIFE SERIES FUND
                       SUPPLEMENT DATED FEBRUARY 12, 1999
         TO STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 1998


The following paragraph is inserted at the top of page 12 immediately  following
the carry-over paragraph:

INTERNATIONAL  SECURITIES  FUND may also purchase stock index futures  contracts
and options  thereon to maintain a desired  percentage  of the Fund  invested in
stocks  in the  event  of a large  cash  flow  into  the  Fund,  or to  generate
additional  income from cash held by the Fund.  Stock index  futures and options
thereon may also be used to adjust country  exposure.  When the Fund purchases a
stock index futures contract on foreign stocks, a corresponding foreign currency
forward or foreign  currency  futures  contract  is executed to provide the same
currency exposure that would result from directly owning the underlying  foreign
stocks.  Failure to obtain such currency  exposure would constitute a hedge back
into U.S. dollars with respect to such index futures positions. The value of the
Fund's futures  positions  shall not exceed 5% of the total assets in the Fund's
portfolio.

LSSAI299