MFS SERIES TRUST V
497, 1998-12-02
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                            MFS(R) ASIA PACIFIC FUND

               Supplement to the May 1, 1998 Prospectus


         The Board of Trustees  which  oversees  the MFS Asia  Pacific Fund (the
"Fund")  decided  today to postpone the  termination  of the Fund until  further
notice.  The termination of the Fund was to become effective  November 27, 1998,
or as soon thereafter as practicable (the "Termination Date").


           THE DATE OF THIS SUPPLEMENT IS NOVEMBER 18, 1998.



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