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 serving the needs of investors since 1930. Through the Great Depression, World War II, numerous recessions and bull and bear markets alike, the Company has remained committed to its mission—helping clients reach their financial goals. Today, First Investors offers a wide range of financial products and services, including mutual funds, annuities, and life insurance. The Company prides itself on delivering financial services with a “personal touch.” A First Investors Financial Services Representative is a licensed professional who will take the time to learn about your current financial situation and future goals in order to assist you with your financial needs. .

First Investors Corporation
110 Wall Street
New York, NY 10005-3830
1-800-832-7783
www.firstinvestors.com

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