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 Royal Alliance  Associates,  Inc. ("Royal  Alliance") 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 Royal Alliance during the Sales Period.

                The date of this Supplement is January 15, 1996.