MFS SERIES TRUST V, 497, 1996-01-19

MFS SERIES TRUST V
497, 1996-01-19

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                                MFS RESEARCH FUND

                      Supplement to the Current Prospectus



         During the period  from  January  15, 1996  through  February  29, 1996
(unless extended by MFS Fund  Distributors,  Inc. ("MFD")) (the "Sales Period"),
MFD will pay FSC Securities  Corporation ("FSC") an additional  commission equal
to 1.00% of the net asset  value of all of the Class A and Class B shares of the
Fund sold by FSC during the Sales Period.

                The date of this Supplement is January 15, 1996.