EXECUTIVE INVESTORS TRUST
Supplement dated May 22, 1998
to Prospectus dated April 30, 1998
1. Item No. (7) under "How to Buy Shares-Waivers of Sales Charges" on page 22
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 30:
Any subsequent dividend or other distribution will be reinvested in additional
shares at net asset value until the Fund receives new instructions.
EITP598