FIRST INVESTORS HIGH YIELD FUND, INC.
FIRST INVESTORS FUND FOR INCOME, INC.
SUPPLEMENT DATED JUNE 29, 1998
TO PROSPECTUS DATED APRIL 30, 1998
1. Item No. (7) under "How to Buy Shares-Waivers of Class A Sales Charges"
on page 19 should read as follows:
(7) any purchase made during the period November 15, 1998 to February 28,
1999 with the proceeds from a redemption made after November 14, 1998 from
the 3rd Fund of First Investors U.S. Government Plus Fund;
2. The following sentence replaces the last two sentences of the last paragraph
under "Dividends and Other Distributions" on page 28:
Any subsequent dividend or other distribution will be reinvested in additional
shares of the distributing class at net asset value until the Fund receives new
instructions.
3. The first sentence of the section entitled "General Policies" on page 10 is
replaced with the following:
Each Fund may invest in debt securities issued by foreign governments and
companies and in foreign currencies for the purpose of purchasing such
securities. However, a Fund may not invest more than 5% of its total assets in
debt securities issued by foreign governments and companies that are denominated
in foreign currencies.
4. The following paragraph is to follow the section entitled "Deep Discount
Securities" on page 13:
FOREIGN SECURITIES. Investing in foreign securities involves more risk
than investing in securities of U.S. companies. Each Fund currently does not
intend to hedge its foreign investments against the risk of foreign currency
fluctuations. Changes in the value of foreign currencies can therefore
significantly affect a Fund's share price. In addition, a Fund can be affected
by changes in exchange control regulations, as well as by economic and political
developments. There may be less publicly available information about foreign
companies than comparable U.S. companies; foreign companies are not generally
subject to uniform accounting, auditing and financial reporting standards that
are comparable to those applied to U.S. companies; some foreign trading markets
have substantially less volume than U.S. markets, and securities of some foreign
companies are less liquid and more volatile than securities of comparable U.S.
companies; there may be less government supervision and regulation of foreign
stock exchanges, brokers and listed companies than exist in the United States;
and there may be the possibility of expropriation or confiscatory taxation,
political or social instability or diplomatic developments which could affect
assets of a Fund held in foreign countries.
FIHYP698
