MFS SERIES TRUST V, 497, 1996-01-04

MFS SERIES TRUST V
497, 1996-01-04

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                                 MFS VALUE FUND
                            MFS EMERGING GROWTH FUND
                                MFS RESEARCH FUND

                      Supplement to the Current Prospectus



         During the period from January 2, 1996 through February 29, 1996
(unless extended by MFS Fund Distributors, Inc. ("MFD")) (the "Sales Period"),
MFD will pay J. C. Bradford & Co. ("J. C. Bradford") 100% of the applicable
sales charge on sales of Class A shares of each of the funds listed above (the
"Funds") sold by J. C. Bradford during the Sales Period.  In addition, MFD
will pay J. C. Bradford an additional commission equal to 0.50% of the net
asset value of all of the Class B shares of the Fund sold by J. C. Bradford
during the Sales Period.

                The date of this Supplement is January 1, 1996.