First Investors Special Situations Fund Is Top-Ten In Wall Street Journal Rankings

New York, NY, March 31, 2009 - The First Investors Special Situations Fund (FISSX) was ranked eighth in the Small-Cap Value category by The Wall Street Journal.

The Wall Street Journal ranked the top-performing funds in 16 different categories, ranked by year-to-date total returns as of February 27, 2009. Total return was measured as the change in net asset value with reinvested distributions.

Paradigm Capital Management, Inc. has served as the investment subadviser of the First Investors Special Situations Fund since March 9, 2005. Since Paradigm took over management, the Fund has outperformed more than 90% of its Lipper Small-Cap Value peers.

Robert M. Flanagan, President of First Investors Corporation, said, "While we recognize that our fund was able to beat its peers in a very difficult market environment, we believe that investors are not well served by using fund rankings in making their investment decisions, since past performance is no guarantee of future results. Our representatives base their recommendations on clients' individual needs, not on the performance of a fund, a philosophy that we believe best serves investors in the long term."

First Investors has been in business since 1930. During that time we have successfully navigated many difficult economic periods in our nation’s history. Through the personalized service of financial services representatives located in our nationwide network of offices, First Investors uses a face-to-face approach to offer a range of products and services, including mutual funds, annuities and life insurance. Our representatives understand the cyclical nature of the markets, and work closely with clients to establish a disciplined approach to achieving long-term financial goals.

For more information on any First Investors fund, you may obtain a free prospectus by calling (800) 423-4026; writing to First Investors Corporation, 110 Wall Street, New York, NY 10005; or visiting the website www.firstinvestors.com. You should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus contains this and other information about the fund, and should be read carefully before investing. An investment in a fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Past performance is no guarantee of future results.

First Investors Corporation
Executive Office
110 Wall Street
New York, NY 10005
(800) 423-4026
www.firstinvestors.com

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