Large Value

02/22/93

First Investors Equity Funds
110 Wall Street
New York, NY 10005
USA
800-423-4026
http://www.firstinvestors.com

Matthew S. Wright

09/28/98

The investment seeks total return. The fund invests primarily in dividend-paying stocks of companies that the fund believes are undervalued. It may also invest, to a lesser extent, in preferred stocks, convertible securities and fixed income securities. The fund normally diversify assets among dividend-paying stocks of large-, mid- and small-cap companies.

328.86 Mil

$1,000.00

Johnson & Johnson Common Stock
WAL-MART STORES, INC.
Abbott Laboratories Common Stoc
Verizon Communications Inc. Com
PEPSICO, INC.
KRAFT FOODS, INC.
AT&T INC.
COCA-COLA COMPANY
HEWLETT PACKARD CO
Microsoft Corporation