First Investors Announces New Subadviser

New York, NY, April 29, 2009 - First Investors is pleased to announce that Muzinich & Co., Inc. ("Muzinich") is now serving as the investment subadviser of the First Investors Fund For Income and the First Investors Life Series High Yield Fund.

On April 23, 2009, the Board of Trustees of the First Investors Income Funds and Life Series Funds approved an agreement under which Muzinich will serve as subadviser for the Fund For Income and the Life Series High Yield Fund. Muzinich assumed day-to-day management of these funds on April 24, 2009. The Funds will continue to primarily invest in high yield, below investment grade corporate bonds.

Muzinich is a registered investment adviser under the Investment Advisers Act of 1940 and has extensive experience in managing high-yield and investment grade bond portfolios. As of March 31, 2009, Muzinich had more than $3.3 billion of assets under management. Muzinich is located at 450 Park Avenue, New York, NY 10022, with other offices in London, England; Cologne, Germany and Paris, France.

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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