FIRST INVESTORS SERIES FUND
497, 1995-12-08
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                          FIRST INVESTORS SERIES FUND
                   Supplement to Prospectus Dated May 1, 1995

                This supplement supersedes all prior supplements


     1. The following language should be inserted at the end of the section
entitled "How To Buy Shares - Waivers of Class A Sales Charges:"

          Sales charges on Class A shares also will be waived for: (1) any
          reinvestment of the loan repayments by a participant in the First
          Investors 403(b) Loan Program; and (2) any reinvestment of the
          proceeds of the settlement distribution described in the section
          entitled "Management-Regulatory Matters" by a recipient of such
          proceeds. In addition, sales charges on Class A shares do not apply
          to the purchase of shares with proceeds from the liquidation of a
          First Investors Separate Account A variable annuity contract or a
          First Investors Separate Account C variable annuity contract during
          the one-year period preceding the maturity date of the contract.

     2. The following paragraph should be added at the end of the section
entitled "How To Buy Shares - Retirement Plans:"

          In addition, there is no sales charge on purchases through Qualified
          Plans (as the term is defined in this prospectus) with 100 or more
          eligible employees.  A CDSC of 1.00% will be deducted from the
          redemption proceeds of such accounts for redemptions made within 24
          months of purchase.  The CDSC will be applied in the same manner as
          the CDSC on the Class B shares.  See "Class B Shares."

     3. The table which appears in the section entitled "How To Buy Shares-
Retirement Plans" is amended by deleting the last line of the table in its
entirety. 

     4. The address of the Transfer Agent as well as the New Jersey address of
FIC is 581 Main Street, Woodbridge, NJ  07095-1198.

     5. On October 30, 1995, Clark D. Wagner, Chief Investment Officer of FIMCO,
became primarily responsible for the day-to-day management of the U.S.
Government and mortgage-backed securities portion of Total Return Series.  Mr.
Wagner joined FIMCO in 1991 as Portfolio Manager for all of First Investors
municipal bond funds.  As of October 30, 1995, Mr. Wagner also assumed the
primary responsibility for the day-to-day management of First Investors
Government Fund, Inc. and First Investors Life Series Fund - Government Fund and
Target Maturity Fund.  Prior to joining FIMCO, Mr. Wagner was a Vice President
at General Electric Investment Corporation from 1988-1991, where he managed a
tax exempt portfolio.

                                        December 13, 1995

FITS500


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