<PAGE>
Massachusetts Investors Trust
Massachusetts Investors Growth Stock Fund
MFS Capital Growth Fund
MFS Emerging Growth Fund
MFS Gold & Natural Resources Fund
MFS Growth Opportunities Fund
MFS Managed Sectors Fund
MFS OTC Fund
MFS Research Fund
MFS Value Fund
MFS Total Return Fund
MFS Utilities Fund
MFS Bond Fund
MFS Government Mortgage Fund
MFS Government Securities Fund
MFS High Income Fund
MFS Intermediate Income Fund
MFS Strategic Income Fund
MFS Government Limited Maturity Fund
MFS Limited Maturity Fund
MFS World Equity Fund
MFS World Governments Fund
MFS World Growth Fund
MFS World Total Return Fund
MFS World Asset Allocation Fund
MFS Cash Reserve Fund
MFS Government Money Market Fund
MFS Money Market Fund
Supplement to the Current Prospectus
Class A shares of the Fund may be purchased at net asset value by retirement
plans whose third party administrators have entered into an agreement with MFS
Fund Distributors, Inc. ("MFD") or one or more of its affiliates to perform
certain administrative services, subject to certain operational requirements
specified from time to time by MFD or its affiliates.
In lieu of the sales commission and service fees normally paid by MFD to
broker-dealers of record as described in the Prospectus, MFD has agreed to pay
Bear, Stearns & Co. Inc. the following amounts with respect to Class A shares of
the Fund purchased through a special retirement plan program offered by a third
party administrator: (i) an amount equal to 0.05% per annum of the average daily
net assets invested in shares of the Fund pursuant to such program, and (ii) an
amount equal to 0.20% of the net asset value of all new purchases of shares of
the Fund made through such program, subject to a refund in the event that such
shares are redeemed within 36 months.
The date of this Supplement is February 1, 1995.
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MFS CASH RESERVE FUND
MASSACHUSETTS INVESTORS TRUST
MFS TOTAL RETURN FUND
MFS ALABAMA MUNICIPAL BOND FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MFS ARKANSAS MUNICIPAL BOND FUND
MFS GROWTH OPPORTUNITIES FUND
MFS CALIFORNIA MUNICIPAL BOND FUND
MFS EMERGING GROWTH FUND
MFS FLORIDA MUNICIPAL BOND FUND
MFS CAPITAL GROWTH FUND
MFS GEORGIA MUNICIPAL BOND FUND
MFS INTERMEDIATE INCOME FUND
MFS LOUISIANA MUNICIPAL BOND FUND
MFS GOLD & NATURAL RESOURCES FUND
MFS MARYLAND MUNICIPAL BOND FUND
MFS MANAGED SECTORS FUND
MFS MASSACHUSETTS MUNICIPAL BOND FUND
MFS VALUE FUND
MFS MISSISSIPPI MUNICIPAL BOND FUND
MFS UTILITIES FUND
MFS NEW YORK MUNICIPAL BOND FUND
MFS WORLD EQUITY FUND
MFS NORTH CAROLINA MUNICIPAL BOND FUND
MFS WORLD TOTAL RETURN FUND
MFS PENNSYLVANIA MUNICIPAL BOND FUND
MFS BOND FUND
MFS SOUTH CAROLINA MUNICIPAL BOND FUND
MFS LIMITED MATURITY FUND
MFS TENNESSEE MUNICIPAL BOND FUND
MFS GOVERNMENT MORTGAGE FUND
MFS TEXAS MUNICIPAL BOND FUND
MFS GOVERNMENT LIMITED MATURITY FUND
MFS VIRGINIA MUNICIPAL BOND FUND
MFS GOVERNMENT SECURITIES FUND
MFS WASHINGTON MUNICIPAL BOND FUND
MFS HIGH INCOME FUND
MFS WEST VIRGINIA MUNICIPAL BOND FUND
MFS STRATEGIC INCOME FUND
MFS MUNICIPAL LIMITED MATURITY FUND
MFS WORLD GOVERNMENTS FUND
MFS MUNICIPAL BOND FUND
MFS WORLD GROWTH FUND
MFS MUNICIPAL INCOME FUND
MFS OTC FUND
MFS RESEARCH FUND
MFS MUNICIPAL HIGH INCOME FUND
MFS WORLD ASSET ALLOCATION FUND
MFS GOVERNMENT MONEY MARKET FUND
MFS MONEY MARKET FUND
Supplement to the Current Prospectus
The following information supplements the disclosure found under the
caption "Information Concerning Shares of the Fund - Purchases" in the
Prospectus:
MFS Fund Distributors, Inc. ("MFD"), the distributor of each of the
above-named funds (the "Funds"), has entered into a five-year exclusive
marketing agreement with IBAA Financial Services Corporation ("IBFS"),
pursuant to which MFD has paid IBFS, as compensation for IBFS'
selection of the Funds for its exclusive marketing program, the use of
the IBFS name and logo, and the marketing and distribution of the
Funds, two initial payments for the first two years of such agreement
(I.E. 1993 and 1994) to be used by IBFS for marketing, administrative,
legal, registration and other general expenses. Thereafter, as
additional compensation for IBFS' marketing and distribution of the
Funds, MFD has agreed to pay IBFS an annual amount (subject to a
minimum) based upon the value of shares of the Funds for which IBFS
acts as broker-dealer of record plus the value of shares of the Funds
sold by IBFS during such year.
The date of this Supplement is July 18, 1995
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MASSACHUSETTS INVESTORS TRUST
MFS ALABAMA MUNICIPAL BOND FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MFS ARKANSAS MUNICIPAL BOND FUND
MFS GOVERNMENT MORTGAGE FUND
MFS CALIFORNIA MUNICIPAL BOND FUND
MFS OTC FUND
MFS FLORIDA MUNICIPAL BOND FUND
MFS GROWTH OPPORTUNITIES FUND
MFS GEORGIA MUNICIPAL BOND FUND
MFS CASH RESERVE FUND
MFS LOUISIANA MUNICIPAL BOND FUND
MFS CAPITAL GROWTH FUND
MFS MARYLAND MUNICIPAL BOND FUND
MFS INTERMEDIATE INCOME FUND
MFS MASSACHUSETTS MUNICIPAL BOND FUND
MFS GOLD & NATURAL RESOURCES FUND
MFS MISSISSIPPI MUNICIPAL BOND FUND
MFS MANAGED SECTORS FUND
MFS NEW YORK MUNICIPAL BOND FUND
MFS VALUE FUND
MFS NORTH CAROLINA MUNICIPAL BOND FUND
MFS UTILITIES FUND
MFS PENNSYLVANIA MUNICIPAL BOND FUND
MFS WORLD EQUITY FUND
MFS SOUTH CAROLINA MUNICIPAL BOND FUND
MFS WORLD TOTAL RETURN FUND
MFS TENNESSEE MUNICIPAL BOND FUND
MFS BOND FUND
MFS TEXAS MUNICIPAL BOND FUND
MFS LIMITED MATURITY FUND
MFS VIRGINIA MUNICIPAL BOND FUND
MFS GOVERNMENT LIMITED MATURITY FUND
MFS WASHINGTON MUNICIPAL BOND FUND
MFS GOVERNMENT SECURITIES FUND
MFS WEST VIRGINIA MUNICIPAL BOND FUND
MFS HIGH INCOME FUND
MFS MUNICIPAL INCOME FUND
MFS WORLD GOVERNMENTS FUND
MFS STRATEGIC INCOME FUND
MFS WORLD GROWTH FUND
MFS TOTAL RETURN FUND
MFS WORLD ASSET ALLOCATION FUND
MFS RESEARCH FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH AND INCOME FUND
MFS/FOREIGN & COLONIAL EMERGING MARKETS EQUITY FUND
Supplement to the Current Prospectus
During the period from January 2, 1996 through April 15, 1996 (unless
extended by MFS Fund Distributors, Inc. ("MFD")) (the "Sales Period"), MFD will
pay A. G. Edwards and Sons, Inc. ("A. G. Edwards") 100% of the applicable sales
charge on sales of Class A shares of each of the funds listed above (the
"Funds") sold by such dealer to shareholders purchasing such Funds through new
MFS Individual Retirement Accounts (excluding SEP-IRAs)("Eligible IRAs"). In
addition, if a sale of Class A and Class B shares of the Funds by a registered
representative of A. G. Edwards to a shareholder purchasing such Funds through
an Eligible IRA during the Sales Period is $20,000 or more, MFD will pay A. G.
Edwards an additional commission equal to 0.50% of the public offering price of
such shares.
Although municipal bond funds, such as the various MFS single-state and
other municipal bond funds listed above, are generally available as an
investment choice for an IRA, they may not be suitable for inclusion in an IRA
due to their tax-exempt nature. A shareholder should consult his or her
financial or tax adviser regarding any such investment.
The date of this Supplement is January 1, 1996.
<PAGE>
MFS CASH RESERVE FUND MFS/FOREIGN & COLONIAL INTERNATIONAL
MFS TOTAL RETURN FUND GROWTH FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND MASSACHUSETTS INVESTORS TRUST
MFS GROWTH OPPORTUNITIES FUND MFS ALABAMA MUNICIPAL BOND FUND
MFS EMERGING GROWTH FUND MFS ARKANSAS MUNICIPAL BOND FUND
MFS CAPITAL GROWTH FUND MFS CALIFORNIA MUNICIPAL BOND FUND
MFS INTERMEDIATE INCOME FUND MFS FLORIDA MUNICIPAL BOND FUND
MFS GOLD & NATURAL RESOURCES FUND MFS GEORGIA MUNICIPAL BOND FUND
MFS MANAGED SECTORS FUND MFS LOUISIANA MUNICIPAL BOND FUND
MFS VALUE FUND MFS MARYLAND MUNICIPAL BOND FUND
MFS UTILITIES FUND MFS MASSACHUSETTS MUNICIPAL BOND FUND
MFS WORLD EQUITY FUND MFS MISSISSIPPI MUNICIPAL BOND FUND
MFS WORLD TOTAL RETURN FUND MFS NEW YORK MUNICIPAL BOND FUND
MFS BOND FUND MFS NORTH CAROLINA MUNICIPAL BOND FUND
MFS LIMITED MATURITY FUND MFS PENNSYLVANIA MUNICIPAL BOND FUND
MFS GOVERNMENT MORTGAGE FUND MFS SOUTH CAROLINA MUNICIPAL BOND FUND
MFS GOVERNMENT LIMITED MATURITY FUND MFS TENNESSEE MUNICIPAL BOND FUND
MFS GOVERNMENT SECURITIES FUND MFS TEXAS MUNICIPAL BOND FUND
MFS HIGH INCOME FUND MFS VIRGINIA MUNICIPAL BOND FUND
MFS STRATEGIC INCOME FUND MFS WASHINGTON MUNICIPAL BOND FUND
MFS WORLD GOVERNMENTS FUND MFS WEST VIRGINIA MUNICIPAL BOND FUND
MFS WORLD GROWTH FUND MFS MUNICIPAL LIMITED MATURITY FUND
MFS OTC FUND MFS MUNICIPAL BOND FUND
MFS MUNICIPAL HIGH INCOME FUND MFS MUNICIPAL INCOME FUND
MFS GOVERNMENT MONEY MARKET FUND MFS RESEARCH FUND
MFS/FOREIGN & COLONIAL EMERGING MARKETS MFS WORLD ASSET ALLOCATION FUND
EQUITY FUND MFS MONEY MARKET FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL
GROWTH AND INCOME FUND
SUPPLEMENT TO THE CURRENT PROSPECTUS
During the period from January 1, 1996 through April 30, 1996 (the "Sales
Period") (unless extended by MFS Fund Distributors, Inc. ("MFD"), the Funds'
distributor), MFD will incur, on behalf of H. D. Vest Investment Securities,
Inc., the initial ticket charge of $15 with respect to purchases of shares of
any MFS fund made through VESTADVISOR accounts. MFD will not incur such charge
with respect to redemptions or repurchases of fund shares, exchanges of fund
shares, or shares purchased or redeemed through systematic investment or
withdrawal plans.
The date of this Supplement is January 1, 1996
<PAGE>
MFS MANAGED SECTORS FUND
MFS CALIFORNIA MUNICIPAL BOND FUND
MFS CASH RESERVE FUND
MFS FLORIDA MUNICIPAL BOND FUND
MFS WORLD ASSET ALLOCATION FUND
MFS GEORGIA MUNICIPAL BOND FUND
MFS EMERGING GROWTH FUND
MFS LOUISIANA MUNICIPAL BOND FUND
MFS CAPITAL GROWTH FUND
MFS MARYLAND MUNICIPAL BOND FUND
MFS GOLD & NATURAL RESOURCES FUND
MFS MASSACHUSETTS MUNICIPAL BOND FUND
MFS INTERMEDIATE INCOME FUND
MFS MISSISSIPPI MUNICIPAL BOND FUND
MFS HIGH INCOME FUND
MFS NEW YORK MUNICIPAL BOND FUND
MFS MUNICIPAL HIGH INCOME FUND
MFS NORTH CAROLINA MUNICIPAL BOND FUND
MFS MONEY MARKET FUND
MFS PENNSYLVANIA MUNICIPAL BOND FUND
MFS GOVERNMENT MONEY MARKET FUND
MFS SOUTH CAROLINA MUNICIPAL BOND FUND
MFS MUNICIPAL BOND FUND
MFS TENNESSEE MUNICIPAL BOND FUND
MFS OTC FUND
MFS TEXAS MUNICIPAL BOND FUND
MFS TOTAL RETURN FUND
MFS VIRGINIA MUNICIPAL BOND FUND
MFS RESEARCH FUND
MFS WASHINGTON MUNICIPAL BOND FUND
MFS STRATEGIC INCOME FUND
MFS WEST VIRGINIA MUNICIPAL BOND FUND
MFS WORLD GROWTH FUND
MFS MUNICIPAL INCOME FUND
MFS BOND FUND
MFS GROWTH OPPORTUNITIES FUND
MFS LIMITED MATURITY FUND
MFS GOVERNMENT SECURITIES FUND
MFS MUNICIPAL LIMITED MATURITY FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MFS GOVERNMENT MORTGAGE FUND
MFS GOVERNMENT LIMITED MATURITY FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH FUND
MASSACHUSETTS INVESTORS TRUST
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH AND INCOME FUND
MFS WORLD TOTAL RETURN FUND
MFS/FOREIGN & COLONIAL EMERGING MARKETS EQUITY FUND
MFS UTILITIES FUND
MFS ALABAMA MUNICIPAL BOND FUND
MFS WORLD EQUITY FUND
MFS ARKANSAS MUNICIPAL BOND FUND
MFS WORLD GOVERNMENTS FUND
MFS VALUE FUND
Supplement to the Current Prospectus
MFS Fund Distributors, Inc. ("MFD"), the distributor of each of the above-named
Funds, may pay Commonwealth Equity Services (on behalf of registered
representatives of Century Financial Services) additional compensation based on
gross commissionable sales by such representatives of shares of the above-named
Funds and of MFS Regatta Gold and MFS Regatta-New York annuity contracts made
during the period January 8, 1996 through March 22, 1996 (unless extended by
MFD), as follows: for sales levels between $500,000 and $999,999, a $500 charge
card gift check; and for sales of $1,000,000 or more, a $1,000 charge card gift
check.
The date of this Supplement is January 8, 1996
<PAGE>
MFS Managed Sectors Fund
MFS Alabama Municipal Bond Fund
MFS World Asset Allocation Fund
MFS Arkansas Municipal Bond Fund
MFS Emerging Growth Fund
MFS California Municipal Bond Fund
MFS Capital Growth Fund
MFS Florida Municipal Bond Fund
MFS Gold & Natural Resources Fund
MFS Georgia Municipal Bond Fund
MFS Intermediate Income Fund
MFS Louisiana Municipal Bond Fund
MFS High Income Fund
MFS Maryland Municipal Bond Fund
MFS Municipal Bond Fund
MFS Massachusetts Municipal Bond Fund
MFS OTC Fund
MFS Mississippi Municipal Bond Fund
MFS Total Return Fund
MFS New York Municipal Bond Fund
MFS Research Fund
MFS North Carolina Municipal Bond Fund
MFS World Total Return Fund
MFS Pennsylvania Municipal Bond Fund
MFS Utilities Fund
MFS South Carolina Municipal Bond Fund
MFS World Equity Fund
MFS Tennessee Municipal Bond Fund
MFS World Governments Fund
MFS Texas Municipal Bond Fund
MFS Value Fund
MFS Virginia Municipal Bond Fund
MFS Strategic Income Fund
MFS Washington Municipal Bond Fund
MFS World Growth Fund
MFS West Virginia Municipal Bond Fund
MFS Bond Fund
MFS Municipal Income Fund
MFS Limited Maturity Fund
MFS Growth Opportunities Fund
MFS Municipal Limited Maturity Fund
MFS Government Securities Fund
MFS Government Mortgage Fund
Massachusetts Investors Growth Stock Fund
MFS/Foreign & Colonial International Growth Fund
MFS Government Limited Maturity Fund
MFS/Foreign & Colonial International Growth and Income Fund
Massachusetts Investors Trust
MFS/Foreign & Colonial Emerging Markets Equity Fund
Supplement to the Current Prospectus
During the period from February 1, 1996 through April 30, 1996 (unless
extended by MFS Fund Distributors, Inc. ("MFD")) (the "Sales Period"), MFD will
pay Franklin Financial Services Corporation ("Franklin") an additional
commission equal to 1.00% of the net asset value of all of the Class A and Class
B shares of each of the funds listed above (the "Funds") sold by such dealer to
shareholders purchasing such Funds through MFS Individual Retirement Accounts
(excluding SEP-IRAs) ("Eligible IRAs"). A Letter of Acceptance with respect to
the transfer of funds into such Eligible IRA must be received by MFS Service
Center, Inc. (the "Shareholder Servicing Agent") during the Sales Period, and
the Shareholder Servicing Agent must receive the proceeds representing such
transfer by May 31, 1996, in order for the dealer to receive the above-described
commission.
Although municipal bond funds, such as the various MFS single-state and
other municipal bond funds listed above, are generally available as an
investment choice for an IRA, they may not be suitable for inclusion in an IRA
due to their tax-exempt nature. A shareholder should consult his or her
financial or tax adviser regarding any such investment.
The date of this Supplement is February 1, 1996.
<PAGE>
MASSACHUSETTS FINANCIAL SERVICES COMPANY
500 BOYLSTON STREET o BOSTON o MASSACHUSETTS 02116-3741
617 954-5000
January 31, 1996
VIA EDGAR
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Washington, DC 20549
Re: MFS Series Trust V (the "Trust") (File No. 2-38613); on behalf of MFS
Total Return Fund
Ladies and Gentlemen:
Pursuant to Rule 497(e) of the General Rules and Regulations under the
Securities Act of 1933, as amended, transmitted herewith are copies of the
following in connection with Post-Effective Amendment No. 41 on behalf of the
above-named Trust, which was filed electronically via Edgar on January 26, 1996:
(1) A special offering Supplement dated February 1, 1995 to the
Current Prospectus regarding Bear, Stearns & Co.;
(2) A special offering Supplement dated July 18, 1995 to the
Current Prospectus regarding IBAA Financial Services Corporation;
(3) A special offering Supplement dated January 1, 1996 to the
Current Prospectus regarding A. G. Edwards and Sons, Inc.;
(4) A special offering Supplement dated January 1. 1996 to the
Current Prospectus regarding H. D. Vest Investment Securities, Inc.;
(5) A special offering Supplement dated January 8, 1996 to the
Current Prospectus regarding Century Financial Services; and
(6) A special offering Supplement dated February 1, 1996 to the Current
Prospectus regarding Franklin Financial Services Corporation.
If you have any questions concerning the foregoing, please call the
undersigned at (617) 954-5406.
Very truly yours,
SHARON JULIUS-DOUCETTE
Sharon Julius-Doucette
Legal Product Specialist
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