U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2


1.   Name and Address of issuer:
     First Investors Single Payment and Periodic Payment Plans for Investment
     in First Investors Insured Tax Exempt Fund, Inc.
     95 Wall Street
     New York, NY  10005

2.   Name of each series or class of funds for which this notice is filed:

     Not Applicable

3.   Investment Company Act File Number:  811-2691

     Securities Act File Number:  2-64537


4.   Last day of fiscal year for which this notice is filed:

     December 31, 1995

5.   Check box if this notice is being filed more than 180 days after the
     close of the issuer's fiscal year for purposes of reporting securities
     sold after the close of the fiscal year but before termination of the
     issuer's 24f-2 declaration:

                                      [  ]

6.   Date of termination of issuer's declaration under rule 24f-2(a)(1), if
     applicable (see instruction A.6):



7.   Number and amount of securities of the same class or series which had
     been registered under the Securities Act of 1933 other than pursuant to
     rule 24f-2 in a prior fiscal year, but which remained unsold at the
     beginning of the fiscal year:

          -0-

8.   Number and amount of securities registered during the fiscal year other
     than pursuant to rule 24f-2:

          -0-

9.   Number and aggregate sale price of securities sold during the fiscal
     year:

          Sale Price:  $3,600,199

10.  Number and aggregate sale price of securities sold during the fiscal
     year in reliance upon registration pursuant to rule 24f-2:

          Sale Price:  $3,600,199

11.  Number and aggregate sale price of securities issued during the fiscal
     year in connection with dividend reinvestment plans, if applicable (see
     instruction B.7):



12.  Calculation of registration fee:





(i)  Aggregate sale price of securities sold
     during the fiscal year in reliance on rule
     24f-2 (from item 10):


$    3,600,199       



(ii) Aggregate price of shares issued in
     connection with dividend reinvestment plans
     (from item 11, if applicable):


+          -0-       



(iii)     Aggregate price of shares redeemed or
          repurchased during the fiscal year (if
          applicable):


-   13,836,490       



(iv) Aggregate price of shares redeemed or
     repurchased and previously applied as a
     reduction to filing fees pursuant to rule
     24e-2 (if applicable):



+          -0-       



(v)  Net aggregate price of securities sold and
     issued during the fiscal year in reliance on
     rule 24f-2 (line (i), plus line (ii), less
     line (iii), plus line (iv) (if applicable):



  (10,236,291)      



(vi) Multiplier prescribed by Section 6(b) of the
     Securities Act of 1933 or other applicable
     law or regulation (see Instruction C.6):


x 1/29 of 1%        



(vii)     Fee due [line (i) or line (v) multiplied by
          line (vi)]:

$         -0-       


Instruction:   issuers should complete lines, (ii), (iii), (iv), and (v) only
               if the form is being filed within 60 days after the close of
               the issuer's fiscal year.  See Instruction C.3.

13.   Check box if fees are being remitted to the Commission's lockbox
      depository as described in section 3a of the Commission's Rules of
      Informal and Other Procedures (17 CFR 202.3a).

                                      [  ]

      Date of mailing or wire transfer or filing fees to the Commission's
      lockbox depository:



                                   SIGNATURES

This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.


                              FIRST INVESTORS CORPORATION



                              By  /s/Joseph I. Benedek                   
                                 Joseph I. Benedek, Treasurer



Date:  February 26, 1996



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Law Offices of ROBERT J. GROSSO
95 Wall Street                                                   581 Main Street
23rd Floor                                                             2nd Floor
New York, NY  10005                                        Woodbridge, NJ  07095
(212) 858-8121                                                    (908) 855-2500
Telecopier (212) 858-8119                         All Replies to New York Office

Member of the Bar
In New York and New Jersey

                                        February 26, 1996



First Investors Corporation
95 Wall Street
New York, NY  10005

      Re: First Investors Single Payment and
          Periodic Payment Plans for Investment in
          First Investors Insured Tax Exempt Fund, Inc.

Gentlemen:

      You have informed me that, in accordance with Rule 24f-2 under the
Investment Company Act of 1940, as amended (the "1940 Act"), First Investors
Corporation ("FIC") as sponsor-depositor of Single Payment and Periodic
Payment Plans For Investment in First Investors Insured Tax Exempt Fund, Inc.
(the "Plans"), intends to file a Rule 24f-2 Notice with the United States
Securities and Exchange Commission (the "SEC"), setting forth, among other
things, that during the period beginning January 1, 1995 and ending December
31, 1995, the Plans' most recently ended fiscal year, the Plans, having
elected to register an indefinite amount of face value of Plans, sold
$3,600,199 in face amount of Plans under Rule 24f-2 and making definite the
amount of Plans registered under the Securities Act of 1933 (the "1933 Act")
and pursuant to such Rule for such period.  You have also informed me that
all the Plans were issued in accordance with the provisions relating thereto
in the registration statement filed by FIC as sponsor-depositor of the Plans
under the 1933 Act.

      I have reviewed the Certificate of Incorporation of FIC, its By-laws
and registration statements it has filed with the SEC on behalf of and
relating to the Plans under the 1940 Act and the 1933 Act and such minutes of
the corporate proceedings and other documents as I deem material to my
opinion.

      Based on the foregoing, I am of the opinion that all of the $3,600,199
in face amount of Plans described in the Rule 24f-2 Notice as having been
sold under such Rule during the period beginning January 1, 1995 and ending
December 31, 1995, the end of the Plans' most recently ended fiscal year,
were fully-paid, non-assessable and legally issued Plans sponsored by FIC for
investment in shares of First Investors Insured Tax Emempt Fund, Inc.

      This opinion letter is governed by, and shall be interpreted in
accordance with, the Legal Opinion Accord of the ABA Section of Business Law
(1991).  The law covered by the opinions expressed herein is limited to the
Federal law of the United States and the law of the State of New York.

      I hereby consent to the filing of this opinion with the SEC as an
exhibit or accompaniment to the aforementioned Rule 24f-2 Notice and as an
exhibit to the Plans' Post-Effective Amendment to the Registration Statement
filed on its behalf by FIC under the 1933 Act.  I also consent to the filing
of this opinion with the securities regulatory agencies of any states or
other jurisdiction in which the Plans are offered for sale.

                                        Very truly yours,


                                        /s/Robert J. Grosso

                                        Robert J. Grosso




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