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  Invest  100% of the  applicable  sales  charge on sales of Class A
shares of the Fund sold by Invest during the Sales Period.

                The date of this Supplement is January 15, 1996.


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