FIRST INVESTORS SERIES FUND
497, 1998-10-08
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                  FIRST INVESTORS INSURED TAX EXEMPT FUND, INC.
              FIRST INVESTORS INSURED INTERMEDIATE TAX EXEMPT FUND
                     A series of First Investors Series Fund
                        Supplement dated October 9, 1998
                       to Prospectus dated April 30, 1998

1. Item No. (7) under "How to Buy  Shares-Waivers  of Class A Sales  Charges" on
page 16 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 25:

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 following should replace the first paragraph under  "Management-Portfolio
Managers" on page 23:

Clark D.  Wagner is the  Portfolio  Manager of the Tax Exempt  Funds and certain
other First  Investors  funds.  Mr.  Wagner  joined  FIMCO in 1991 as  Portfolio
Manager for the Tax Exempt Funds and certain other First  Investors  funds.  Mr.
Wagner has been Chief Investment Officer of FIMCO since 1992.

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