FIRST INVESTORS MULTISTATE INSURED TAX FREE FUND
497, 1995-02-23
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              FIRST INVESTORS NEW YORK INSURED TAX FREE FUND, INC.
               FIRST INVESTORS MULTI-STATE INSURED TAX FREE FUND
            CONNECTICUT, FLORIDA, GEORGIA, MARYLAND, MASSACHUSETTS,
          NEW JERSEY, NORTH CAROLINA, PENNSYLVANIA AND VIRGINIA SERIES

                SUPPLEMENT TO PROSPECTUS DATED JANUARY 12, 1995

The following replaces the tax disclosure for the Florida Series on page
35:

     FLORIDA.  In the opinion of Rudnick & Wolfe, Florida tax counsel to
MULTI-STATE INSURED, under existing law, shareholders of the FLORIDA SERIES
will not be subject to the Florida intangible personal property tax on
their ownership of FLORIDA SERIES shares or on distributions of income or
gains made by the FLORIDA SERIES to the extent that such distributions are
attributable solely to obligations issued by the United States government
and its agencies, or by the Commonwealths of Puerto Rico, Guam, the Virgin
Islands, American Somoa, or the Northern Mariana Islands (collectively,
"Exempt Instruments") or to money, notes, bonds, and other obligations
issued by the State of Florida and its municipalities, counties, and other
taxing districts.  If the FLORIDA SERIES is not invested solely in Exempt
Instruments and money, notes, bonds, and other obligations issued by the
State of Florida and its municipalities, counties, and other taxing
districts as of the last business day of each calendar year, then the
Florida intangible personal property tax ("Intangible Tax") will apply as
follows:

          (a)  The portion of the net asset value of the FLORIDA SERIES'
     portfolio that is attributable to Exempt Instruments will be exempt
     from the Intangible Tax.

          (b)  If the remaining portion of the net asset value of the
     FLORIDA SERIES' portfolio, after removing the portion representing
     Exempt Instruments, represents assets which are themselves exempt from
     the Intangible Tax, then this portion will also be exempt from the
     Intangible Tax.

          (c)  If the remaining portion of the net asset value of the
     FLORIDA SERIES' portfolio, after removing the portion representing
     Exempt Instruments, represents any asset which is subject to the
     Intangible Tax under Florida law, then the remaining portion of the
     net asset value of the FLORIDA SERIES' portfolio will be subject to
     the Intangible Tax.

     Shareholders of the FLORIDA SERIES will be exempt from the Intangible
Tax on their shares to the extent that the net asset value of the FLORIDA
SERIES' portfolio is exempt.  (The FLORIDA SERIES has no present intention
of investing in assets which will be subject to the Intangible Tax.)

     Because Florida does not impose any income tax on individuals,
individual shareholders will not be subject to any Florida income tax on
income or gains distributed by the FLORIDA SERIES or on gains resulting
from the redemption or exchange of shares of the FLORIDA SERIES.  Corporate
shareholders will be subject to the Florida income tax on all distributions
received from the FLORIDA SERIES, regardless of the tax-exempt status of
interest received from the FLORIDA SERIES which is attributable to bonds
under section 103(a) of the Code or any other Federal law; however, if a
corporation does not have its commercial domicile within the State of
Florida, its non-business income generated from the FLORIDA SERIES is not
allocated as Florida income subject to Florida corporate income tax.  Non-
business income includes capital gains and interest to the extent they do
not arise from transactions and activities in the regular course of a
taxpayer's business.

     For Florida state income tax purposes, the FLORIDA SERIES itself will
not be subject to the Florida income tax so long as it has no income
subject to Federal taxation.

     Shareholders of the FLORIDA SERIES will be subject to Florida estate
tax on their FLORIDA SERIES shares only if they are Florida residents,
certain natural persons not domiciled in Florida, or certain natural
persons not residents of the United States.  However, the Florida estate
tax is limited to the amount of the credit allowable under the Code
(currently section 2011 and in some cases section 2102 of the Code for
death taxes actually paid to the several states).

     Neither interests held by shareholders of the FLORIDA SERIES nor
Exempt Instruments nor money, notes, bonds, and other obligations issued by
the State of Florida and its municipalities, counties, and other taxing
districts held by the FLORIDA SERIES will be subject to the Florida ad
valorem property tax, the Florida sales and use tax or the Florida
documentary stamp tax.


                                                        February 24, 1995




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