First Investors Reopens the Insured Tax Exempt Fund

New York, NY, August 27, 2007 - First Investors has reopened the Insured Tax Exempt Fund (FITE) to new investors. FITE had been closed for several years except in cases of investments of $1 million or more.

"We're happy to make FITE available to all investors," said Kathryn S. Head, Chairman. "Now, clients have two national tax-exempt funds from which to choose."

FITE began operations on August 3, 1977 as the nation's first insured tax exempt mutual fund. Its objective is to seek a high level of interest income that is exempt from federal income tax and is not a tax preference item for purposes of the Alternative Minimum Tax (AMT). Managed by Clark D. Wagner, the portfolio consists of municipal bonds issued throughout the United States and its territories.

"We're excited about the reopening of the Fund," said Mr. Wagner, the Director of Fixed Income. "We encourage clients to talk to their representatives about the benefits of the Insured Tax Exempt Fund. "

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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