MFS SERIES TRUST III
497, 1997-12-08
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                    MFS(R) MUNICIPAL HIGH INCOME FUND

                 Supplement to the Current Prospectus


The  description  of  portfolio  manager  under  the  "Management  of the Fund -
Investment  Adviser"  section  beginning on page 11 of the  Prospectus is hereby
deleted and replaced in its entirety with the following: "Michael Roberge is the
portfolio manager of the Fund. Mr. Roberge, a Vice President of the Adviser, has
been employed as a portfolio  manager with the Adviser since 1996.  From 1994 to
1996,  he worked as a  municipal  credit  analyst  and  portfolio  manager  with
Colonial  Management  Associates,  Inc.  Prior to 1994, he was an Assistant Vice
President and credit analyst with Moody's Investor Services."

           The date of this Supplement is December 3, 1997.




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