SUPPLEMENT DATED NOVEMBER 16, 2012

FIRST INVESTORS EQUITY FUNDS STATEMENT OF ADDITIONAL INFORMATION
DATED JANUARY 31, 2012

A.  
The information below is added to the Independent Trustees’ table in Part-I on page I-4 under the heading “ MANAGEMENT OF THE FUNDS ”:

 
INDEPENDENT TRUSTEES
 
 
Name and Date of
Birth
 
 
Position(s) held with Funds
covered by
this SAI and Length
of Service*
 
 
Principal Occupation(s)
During Past 5 Years
 
 
Number of
Portfolios
in Fund
Complex
Overseen **
 
 
Other
Trusteeships/
Directorships
Held During
Past Five
Years
 
 
Susan E. Artmann
4/13/54
 
 
Trustee since 11/1/2012
 
 
Executive Vice President and Chief Financial Officer of HSBC Insurance North America since 2012; Executive Vice President and President (2008-2011) and Chief Financial Officer (2000-2008) of HSBC Taxpayer Financial Services.
 
 
 
37
 
 
None
 
 
Mary J. Barneby
7/28/52
 
 
Trustee since 11/1/2012
 
 
Chief Executive Officer, Girl Scouts of Connecticut, since October 2012; Executive Director of UBS Financial Services, Inc. and Head of Stamford Private Wealth Office (2002-2012).
 
 
37
 
 
None
 
* Each Trustee serves for an indefinite term until his or her successor is elected and duly qualified, or until his or her death, resignation or removal as provided in the Trust’s organizational documents or by statute.
** As of the date of this Supplement, the First Investors Family of Funds consisted of 4 registered investment companies with 37 series funds.

B.  
The information below is added to the Independent Trustees’ table in Part-I on page I-7 under the heading “ MANAGEMENT OF THE FUNDS ”:

 
INDEPENDENT TRUSTEES
 
 
Trustee
 
 
Funds covered by this SAI
 
 
Dollar Range of
Ownership of Funds
covered by this SAI
 
 
Aggregate Dollar Range of
 Equity Securities – all
Registered Investment
Companies overseen by
Trustee in First Investors
Family of Funds
 
 
Susan E. Artmann*
 
 
None
 
 
None
 
 
None
 
 
Mary J. Barneby*
 
 
None
 
 
None
 
 
None
 
* As of November 9, 2012.


 
 
 

 

 
C.  
The information below is added to the Trustees’ table in Part-I on page I-8 under the heading “Compensation of Trustees”:

 
Trustee
 
 
Aggregate Compensation From Equity Funds
 
 
Total Compensation from First Investors Family of Funds Paid to Trustees
 
 
Susan E. Artmann*
 
 
$0
 
 
$0
 
 
Mary J. Barneby*
 
 
$0
 
 
$0
 
* Ms. Artmann and Ms. Barneby did not receive any compensation from the Funds for the fiscal year ended September 30, 2012, since they were appointed as Trustees on November 1, 2012.

D.  
The information below is added in Part-II at the bottom of Page II-28 under the heading “ RESPONSIBILITIES OF THE BOARD OF THE FUNDS ”:

Susan E. Artmann .  Ms. Artmann was appointed as a Trustee of all the Funds in the fund complex effective November 1, 2012.  She has over 25 years of executive and business experience in the consumer financial industry.  She is currently the Chief Financial Officer and Executive Vice President at HSBC Insurance North America and, prior to that, was Executive Vice President and President (2008-2011) and Chief Financial Officer (2000-2008) of HSBC Taxpayer Financial Services.  Prior to joining HSBC in 1985, Ms. Artmann was an auditor for Coopers & Lybrand.

Mary J. Barneby .  Ms. Barneby was appointed as a Trustee of all the Funds in the fund complex effective November 1, 2012.  She has over 35 years of experience in the consumer financial services and wealth management industries.  Ms. Barneby is currently the Chief Executive Officer of Girl Scouts of Connecticut, a position she has held since October 2012.  Prior to that, Ms. Barneby was an Executive Director of UBS Financial Services, Inc.  Ms. Barneby is on the Board of Governors, University of New Haven.

* * * * *

Please retain this Supplement for future reference.

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