MFS SERIES TRUST V
497, 2000-09-29
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                     MFS(R) INTERNATIONAL OPPORTUNITIES FUND

                   MFS(R) INTERNATIONAL STRATEGIC GROWTH FUND

                         MFS(R) INTERNATIONAL VALUE FUND

                    Supplement to the Current Prospectus and
                  Statement of Additional Information ("SAI")

o    Effective September 29, 2000, the MFS(R)  International  Opportunities Fund
     will change its name to MFS(R) International New Discovery Fund.

o    Effective  October 1, 2000, MFS International New Discovery Fund will cease
     to offer class A and I shares  through its February 1, 2000  prospectus and
     SAI, (which also include MFS  International  Strategic  Growth Fund and MFS
     International  Value Fund), and will commence  offering class A, B, C and I
     shares  through a separate  prospectus and SAI, each dated October 1, 2000.
     The MFS  International  Strategic  Growth  Fund and the MFS Value Fund will
     continue  to offer  class A and I  shares  through  the  February  1,  2000
     prospectus and SAI.

               The date of this supplement is September 29, 2000.




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