MFS SERIES TRUST V
497, 1995-03-29
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MFS Emerging Growth Fund 
MFS Research Fund 
MFS Total Return Fund

Supplement to the Current Prospectus

	During the period March 27, 1995 through May 19, 
1995 (the "Sales Period") (unless extended by MFS Fund 
Distributors, Inc. ("MFD"), the Funds' distributor), 
MFD will pay Investment Management and Research, Inc. 
("IMR") 100% of the applicable sales charge on sales 
of Class A shares of each of the funds listed above 
(the "Funds") sold by IMR during the Sales Period.  
Furthermore, MFD will pay IMR an additional commission 
equal to 0.50% of the net asset value of all of the 
Class B shares of the Funds sold by IMR during the 
Sales Period.


The date of this Supplement is March 27, 1995.



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