MFS SERIES TRUST V
NSAR-A, 1997-05-29
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<PAGE>      PAGE  1
000 A000000 03/31/97
000 C000000 0000200489
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 MFS SERIES TRUST V
001 B000000 811-2031
001 C000000 6179545000
002 A000000 500 BOYLSTON STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02116
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 MFS TOTAL RETURN FUND
007 C030100 N
007 C010200  2
007 C020200 MFS RESEARCH FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 MASSACHUSETTS FINANCIAL SERVICES COMPANY
008 B00AA01 A
008 C00AA01 801-17352
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02116
010 A00AA01 MASSACHUSETTS FINANCIAL SERVICES COMPANY
010 B00AA01 801-17352
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02116
011 A00AA01 MFS FUND DISTRIBUTORS, INC.
011 B00AA01 8-27864
011 C01AA01 BOSTON
011 C02AA01 MA
<PAGE>      PAGE  2
011 C03AA01 02116
012 A00AA01 MFS SERVICE CENTER, INC.
012 B00AA01 84-1316
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02116
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
015 A00AA01 INVESTORS BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02111
015 E01AA01 X
015 A00AA02 BANK OF NEW YORK
015 B00AA02 S
015 C01AA02 NEW YORK
015 C02AA02 NY
015 C03AA02 10286
015 E01AA02 X
015 A00AA03 CHASE MANHATTAN BANK, N.A.
015 B00AA03 S
015 C01AA03 NEW YORK
015 C02AA03 NY
015 C03AA03 10081
015 E04AA03 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   50
019 C00AA00 MASSFINSER
020 A000001 DONALDSON LUFKIN & JENRETTE
020 B000001 13-2741729
020 C000001    543
020 A000002 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000002 13-5674085
020 C000002    513
020 A000003 MORGAN STANLEY
020 B000003 13-2655998
020 C000003    339
020 A000004 PAINE WEBBER
020 B000004 13-2638166
020 C000004    298
020 A000005 UBS SECURITIES
020 B000005 13-2932996
020 C000005    234
020 A000006 GOLDMAN SACHS & CO
020 B000006 13-5108880
020 C000006    202
020 A000007 CAPITAL INSTITUTIONAL SERVICES, INC.
<PAGE>      PAGE  3
020 B000007 75-1565705
020 C000007    201
020 A000008 J.P. MORGAN EQUITIES, INC.
020 B000008 13-3224016
020 C000008    181
020 A000009 WEEDEN & CO.
020 B000009 13-3364318
020 C000009    173
020 A000010 BEAR STEARNS
020 B000010 13-2994290
020 C000010    173
021  000000     5993
022 A000001 LEHMAN BROTHERS
022 B000001 13-2518466
022 C000001    645971
022 D000001    366964
022 A000002 CS FIRST BOSTON
022 B000002 13-5659485
022 C000002    715390
022 D000002    289339
022 A000003 GENERAL ELECTRIC CAPITAL CORP.
022 B000003 00-0000000
022 C000003    961648
022 D000003         0
022 A000004 MERRILL LYNCH
022 B000004 13-5674085
022 C000004    596972
022 D000004    314155
022 A000005 GOLDMAN SACHS & CO.
022 B000005 13-5108880
022 C000005    628446
022 D000005    267791
022 A000006 PRUDENTIAL SECURITIES INC.
022 B000006 22-2347336
022 C000006    630890
022 D000006    164430
022 A000007 SALOMON BROS.
022 B000007 13-3082694
022 C000007    339888
022 D000007    185887
022 A000008 HSBC SECURITIES, INC.
022 B000008 00-0000000
022 C000008    139808
022 D000008    277444
022 A000009 UBS SECURITIES
022 B000009 13-2932996
022 C000009    143965
022 D000009    176882
022 A000010 MORGAN STANLEY & CO INC.
022 B000010 13-2655998
022 C000010    185759
<PAGE>      PAGE  4
022 D000010    116594
023 C000000    7221150
023 D000000    3401708
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     1000
077 A000000 Y
077 I000000 Y
077 Q010000 Y
078  000000 N
080 A00AA00 NATIONAL UNION INSURANCE CO.
080 B00AA00 ICI MUTUAL
080 C00AA00    65000
081 A00AA00 Y
081 B00AA00 109
082 A00AA00 Y
082 B00AA00      100
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
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<PAGE>      PAGE  5
086 A020000      0
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024  000100 Y
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025 B000101 13-3082694
025 C000101 D
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025 A000102 MERRILL LYNCH
025 B000102 13-5674085
025 C000102 D
025 D000102    6094
025 A000103 GENERAL ELECTRIC
025 B000103 00-0000000
025 C000103 E
025 D000103   30110
025 A000104 J.P.MORGAN & CO.
025 B000104 13-3224016
025 C000104 E
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025 A000105 MERRILL LYNCH & CO.
025 B000105 13-5674085
025 C000105 E
025 D000105    5629
025 A000106 SALOMON, INC.
025 B000106 13-3082694
025 C000106 E
025 D000106    3088
025 A000107 GENERAL ELECTRIC CO.
025 B000107 00-0000000
025 C000107 D
<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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052  000100 N
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053 C000100 Y
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055 B000100 N
056  000100 Y
057  000100 N
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<PAGE>      PAGE  8
062 H000100   0.0
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062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 Y
067  000100 Y
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
<PAGE>      PAGE  9
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
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072 S000100       17
072 T000100    12196
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072 V000100        0
072 W000100     1168
072 X000100    24490
072 Y000100       93
072 Z000100    78248
072AA000100   222104
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072CC010100     5018
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072DD020100    22274
072EE000100   282191
073 A010100   0.2500
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073 C000100   0.0000
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<PAGE>      PAGE  10
074 D000100  1767619
074 E000100   224537
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024  000200 Y
025 A000201 GENERAL ELECTRIC CO.
025 B000201 00-0000000
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
066 A000200 Y
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070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
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070 I020200 N
070 J010200 Y
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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SIGNATURE   JAMES O. YOST                                
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000200489
<NAME> MFS SERIES TRUST V
<SERIES>
   <NUMBER> 021
   <NAME> MFS RESEARCH FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                       2558019535
<INVESTMENTS-AT-VALUE>                      2767367761
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<ASSETS-OTHER>                                   16804
<OTHER-ITEMS-ASSETS>                            321457
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      7771140
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    2507985613
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000200489
<NAME> MFS SERIES TRUST V
<SERIES>
   <NUMBER> 022
   <NAME> MFS RESEARCH FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                       2558019535
<INVESTMENTS-AT-VALUE>                      2767367761
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<OVERDISTRIBUTION-NII>                       (4205400)
<ACCUMULATED-NET-GAINS>                       63923283
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     209329376
<NET-ASSETS>                                2777032872
<DIVIDEND-INCOME>                             10657500
<INTEREST-INCOME>                              2087449
<OTHER-INCOME>                                 (62628)
<EXPENSES-NET>                              (15757386)
<NET-INVESTMENT-INCOME>                      (3075065)
<REALIZED-GAINS-CURRENT>                      63562019
<APPREC-INCREASE-CURRENT>                   (65051388)
<NET-CHANGE-FROM-OPS>                        (4564434)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                    (41918723)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       28608263
<NUMBER-OF-SHARES-REDEEMED>                  (4280590)
<SHARES-REINVESTED>                            1931180
<NET-CHANGE-IN-ASSETS>                       988192371
<ACCUMULATED-NII-PRIOR>                         400233
<ACCUMULATED-GAINS-PRIOR>                    107963964
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          3979792
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               15779821
<AVERAGE-NET-ASSETS>                         919594012
<PER-SHARE-NAV-BEGIN>                            18.19
<PER-SHARE-NII>                                 (0.06)
<PER-SHARE-GAIN-APPREC>                           0.41
<PER-SHARE-DIVIDEND>                              0.00  
<PER-SHARE-DISTRIBUTIONS>                       (0.90)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              17.64
<EXPENSE-RATIO>                                   1.74
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000200489
<NAME> MFS SERIES TRUST V
<SERIES>
   <NUMBER> 023
   <NAME> MFS RESEARCH FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                       2558019535
<INVESTMENTS-AT-VALUE>                      2767367761
<RECEIVABLES>                                 56709618
<ASSETS-OTHER>                                   16804
<OTHER-ITEMS-ASSETS>                            321457
<TOTAL-ASSETS>                              2824415640
<PAYABLE-FOR-SECURITIES>                      39611628
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      7771140
<TOTAL-LIABILITIES>                           47382768
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    2507985613
<SHARES-COMMON-STOCK>                         15033590
<SHARES-COMMON-PRIOR>                          7467175
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       (4205400)
<ACCUMULATED-NET-GAINS>                       63923283
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     209329376
<NET-ASSETS>                                2777032872
<DIVIDEND-INCOME>                             10657500
<INTEREST-INCOME>                              2087449
<OTHER-INCOME>                                 (62628)
<EXPENSES-NET>                              (15757386)
<NET-INVESTMENT-INCOME>                      (3075065)
<REALIZED-GAINS-CURRENT>                      63562019
<APPREC-INCREASE-CURRENT>                   (65051388)
<NET-CHANGE-FROM-OPS>                        (4564434)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (23432)
<DISTRIBUTIONS-OF-GAINS>                     (9190640)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        8201337
<NUMBER-OF-SHARES-REDEEMED>                   (979890)
<SHARES-REINVESTED>                             344968
<NET-CHANGE-IN-ASSETS>                       988192371
<ACCUMULATED-NII-PRIOR>                         400233
<ACCUMULATED-GAINS-PRIOR>                    107963964
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          3979792
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               15779821
<AVERAGE-NET-ASSETS>                         203624076
<PER-SHARE-NAV-BEGIN>                            18.22
<PER-SHARE-NII>                                 (0.06)
<PER-SHARE-GAIN-APPREC>                           0.41
<PER-SHARE-DIVIDEND>                              0.00  
<PER-SHARE-DISTRIBUTIONS>                       (0.92)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              17.65
<EXPENSE-RATIO>                                   1.71
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000200489
<NAME> MFS SERIES TRUST V
<SERIES>
   <NUMBER> 024
   <NAME> MFS RESEARCH FUND CLASS I
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                       2558019535
<INVESTMENTS-AT-VALUE>                      2767367761
<RECEIVABLES>                                 56709618
<ASSETS-OTHER>                                   16804
<OTHER-ITEMS-ASSETS>                            321457
<TOTAL-ASSETS>                              2824415640
<PAYABLE-FOR-SECURITIES>                      39611628
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      7771140
<TOTAL-LIABILITIES>                           47382768
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    2507985613
<SHARES-COMMON-STOCK>                           822120
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       (4205400)
<ACCUMULATED-NET-GAINS>                       63923283
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     209329376
<NET-ASSETS>                                2777032872
<DIVIDEND-INCOME>                             10657500
<INTEREST-INCOME>                              2087449
<OTHER-INCOME>                                 (62628)
<EXPENSES-NET>                              (15757386)
<NET-INVESTMENT-INCOME>                      (3075065)
<REALIZED-GAINS-CURRENT>                      63562019
<APPREC-INCREASE-CURRENT>                   (65051388)
<NET-CHANGE-FROM-OPS>                        (4564434)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         852014
<NUMBER-OF-SHARES-REDEEMED>                    (29894)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       988192371
<ACCUMULATED-NII-PRIOR>                         400233
<ACCUMULATED-GAINS-PRIOR>                    107963964
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          3979792
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               15779821
<AVERAGE-NET-ASSETS>                          15365504
<PER-SHARE-NAV-BEGIN>                            18.34
<PER-SHARE-NII>                                   0.01
<PER-SHARE-GAIN-APPREC>                         (0.34)
<PER-SHARE-DIVIDEND>                              0.00  
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              18.01
<EXPENSE-RATIO>                                   0.81
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000200489
<NAME> MFS SERIES TRUST V
<SERIES>
   <NUMBER> 011
   <NAME> MFS TOTAL RETURN FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                       3787843856
<INVESTMENTS-AT-VALUE>                      4319920573
<RECEIVABLES>                                 64250772
<ASSETS-OTHER>                                   71968
<OTHER-ITEMS-ASSETS>                             33942
<TOTAL-ASSETS>                              4384277255
<PAYABLE-FOR-SECURITIES>                      29567020
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     24361403
<TOTAL-LIABILITIES>                           53928423
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    3617419792
<SHARES-COMMON-STOCK>                        187665056
<SHARES-COMMON-PRIOR>                        170867867
<ACCUMULATED-NII-CURRENT>                      4522201
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      175606070
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     532800769
<NET-ASSETS>                                4330348832
<DIVIDEND-INCOME>                             32821133
<INTEREST-INCOME>                             70193884
<OTHER-INCOME>                                (370180)
<EXPENSES-NET>                              (24397046)
<NET-INVESTMENT-INCOME>                       78247791
<REALIZED-GAINS-CURRENT>                     222104071
<APPREC-INCREASE-CURRENT>                      5018108
<NET-CHANGE-FROM-OPS>                        305369970
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (53814762)
<DISTRIBUTIONS-OF-GAINS>                   (182356310)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       23729735
<NUMBER-OF-SHARES-REDEEMED>                 (20785776)
<SHARES-REINVESTED>                           13853230
<NET-CHANGE-IN-ASSETS>                       394463576
<ACCUMULATED-NII-PRIOR>                        4235183
<ACCUMULATED-GAINS-PRIOR>                    235692844
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          7618811
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               24489944
<AVERAGE-NET-ASSETS>                        2735857601
<PER-SHARE-NAV-BEGIN>                            15.03
<PER-SHARE-NII>                                   0.30
<PER-SHARE-GAIN-APPREC>                           0.82
<PER-SHARE-DIVIDEND>                            (0.25)
<PER-SHARE-DISTRIBUTIONS>                       (1.06)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              14.84
<EXPENSE-RATIO>                                   0.92
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000200489
<NAME> MFS SERIES TRUST V
<SERIES>
   <NUMBER> 012
   <NAME> MFS TOTAL RETURN FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                       3787843856
<INVESTMENTS-AT-VALUE>                      4319920573
<RECEIVABLES>                                 64250772
<ASSETS-OTHER>                                   71968
<OTHER-ITEMS-ASSETS>                             33942
<TOTAL-ASSETS>                              4384277255
<PAYABLE-FOR-SECURITIES>                      29567020
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     24361403
<TOTAL-LIABILITIES>                           53928423
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    3617419792
<SHARES-COMMON-STOCK>                         94761625
<SHARES-COMMON-PRIOR>                         85490927
<ACCUMULATED-NII-CURRENT>                      4522201
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      175606070
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     532800769
<NET-ASSETS>                                4330348832
<DIVIDEND-INCOME>                             32821133
<INTEREST-INCOME>                             70193884
<OTHER-INCOME>                                (370180)
<EXPENSES-NET>                              (24397046)
<NET-INVESTMENT-INCOME>                       78247791
<REALIZED-GAINS-CURRENT>                     222104071
<APPREC-INCREASE-CURRENT>                      5018108
<NET-CHANGE-FROM-OPS>                        305369970
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (22274419)
<DISTRIBUTIONS-OF-GAINS>                    (93209353)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       12203198
<NUMBER-OF-SHARES-REDEEMED>                 (10017661)
<SHARES-REINVESTED>                            7085161
<NET-CHANGE-IN-ASSETS>                       394463576
<ACCUMULATED-NII-PRIOR>                        4235183
<ACCUMULATED-GAINS-PRIOR>                    235692844
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          7618811
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               24489944
<AVERAGE-NET-ASSETS>                        1384055358
<PER-SHARE-NAV-BEGIN>                            15.02
<PER-SHARE-NII>                                   0.24
<PER-SHARE-GAIN-APPREC>                           0.85
<PER-SHARE-DIVIDEND>                            (0.21)
<PER-SHARE-DISTRIBUTIONS>                       (1.06)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              14.84
<EXPENSE-RATIO>                                   1.61
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000200489
<NAME> MFS SERIES TRUST V
<SERIES>
   <NUMBER> 013
   <NAME> MFS TOTAL RETURN FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                       3787843856
<INVESTMENTS-AT-VALUE>                      4319920573
<RECEIVABLES>                                 64250772
<ASSETS-OTHER>                                   71968
<OTHER-ITEMS-ASSETS>                             33942
<TOTAL-ASSETS>                              4384277255
<PAYABLE-FOR-SECURITIES>                      29567020
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     24361403
<TOTAL-LIABILITIES>                           53928423
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    3617419792
<SHARES-COMMON-STOCK>                          8383743
<SHARES-COMMON-PRIOR>                          5540128
<ACCUMULATED-NII-CURRENT>                      4522201
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      175606070
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     532800769
<NET-ASSETS>                                4330348832
<DIVIDEND-INCOME>                             32821133
<INTEREST-INCOME>                             70193884
<OTHER-INCOME>                                (370180)
<EXPENSES-NET>                              (24397046)
<NET-INVESTMENT-INCOME>                       78247791
<REALIZED-GAINS-CURRENT>                     222104071
<APPREC-INCREASE-CURRENT>                      5018108
<NET-CHANGE-FROM-OPS>                        305369970
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (1703348)
<DISTRIBUTIONS-OF-GAINS>                     (6625182)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        2840925
<NUMBER-OF-SHARES-REDEEMED>                   (492592)
<SHARES-REINVESTED>                             495282
<NET-CHANGE-IN-ASSETS>                       394463576
<ACCUMULATED-NII-PRIOR>                        4235183
<ACCUMULATED-GAINS-PRIOR>                    235692844
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          7618811
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               24489944
<AVERAGE-NET-ASSETS>                         104970771
<PER-SHARE-NAV-BEGIN>                            15.06
<PER-SHARE-NII>                                   0.24
<PER-SHARE-GAIN-APPREC>                           0.84
<PER-SHARE-DIVIDEND>                            (0.21)
<PER-SHARE-DISTRIBUTIONS>                       (1.06)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              14.87
<EXPENSE-RATIO>                                   1.61
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000200489
<NAME> MFS SERIES TRUST V
<SERIES>
   <NUMBER> 014
   <NAME> MFS TOTAL RETURN FUND CLASS I
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                       3787843856
<INVESTMENTS-AT-VALUE>                      4319920573
<RECEIVABLES>                                 64250772
<ASSETS-OTHER>                                   71968
<OTHER-ITEMS-ASSETS>                             33942
<TOTAL-ASSETS>                              4384277255
<PAYABLE-FOR-SECURITIES>                      29567020
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     24361403
<TOTAL-LIABILITIES>                           53928423
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    3617419792
<SHARES-COMMON-STOCK>                          1003867
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      4522201
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      175606070
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     532800769
<NET-ASSETS>                                4330348832
<DIVIDEND-INCOME>                             32821133
<INTEREST-INCOME>                             70193884
<OTHER-INCOME>                                (370180)
<EXPENSES-NET>                              (24397046)
<NET-INVESTMENT-INCOME>                       78247791
<REALIZED-GAINS-CURRENT>                     222104071
<APPREC-INCREASE-CURRENT>                      5018108
<NET-CHANGE-FROM-OPS>                        305369970
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (168244)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1120866
<NUMBER-OF-SHARES-REDEEMED>                   (124472)
<SHARES-REINVESTED>                               7473
<NET-CHANGE-IN-ASSETS>                       394463576
<ACCUMULATED-NII-PRIOR>                        4235183
<ACCUMULATED-GAINS-PRIOR>                    235692844
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          7618811
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               24489944
<AVERAGE-NET-ASSETS>                          15886752
<PER-SHARE-NAV-BEGIN>                            14.70
<PER-SHARE-NII>                                   0.15
<PER-SHARE-GAIN-APPREC>                           0.15
<PER-SHARE-DIVIDEND>                            (0.16)
<PER-SHARE-DISTRIBUTIONS>                         0.00   
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              14.84
<EXPENSE-RATIO>                                   0.61
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        


</TABLE>


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