MFS SERIES TRUST V
497, 1998-10-29
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                           MFS(R) ASIA PACIFIC FUND

                      Supplement to the Current Prospectus


         The Board of Trustees  responsible for overseeing MFS Asia Pacific Fund
(the "Fund") is expected to consider at its next regular meeting on November 18,
1998, a proposal to terminate  and liquidate  the Fund,  effective  November 27,
1998, or as soon thereafter as is practicable (the  "Termination  Date"). If the
proposal is approved by the Board, sales of shares of the Fund will be suspended
and any  shareholder  who has not redeemed or exchanged all shares in his or her
account  by the  Termination  Date  will  have his or her  shares  automatically
exchanged on the Termination Date for shares of MFS(R) Money Market Fund.


              The date of this Supplement is October 30, 1998.



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