MFS SERIES TRUST III
497, 1999-08-23
Previous: FEDERATED HIGH INCOME BOND FUND INC, PRE 14A, 1999-08-23
Next: MERRILL LYNCH CORPORATE BOND FUND INC/NY, N-30B-2, 1999-08-23



<PAGE>

                        MFS(R) HIGH YIELD OPPORTUNITIES FUND

          Supplement to the Current Statement of Additional Information


         Part I, Section VII,  "Investment  Techniques,  Practices and Risks" of
MFS High Yield  Opportunities  Fund's Statement of Additional  Information dated
June 1, 1999 is amended as follows:

                  The investment  objective and principal investment policies of
         the Fund are described in the  Prospectus.  In pursuing its  investment
         objective and principal investment  policies,  the Fund may engage in a
         number of investment  techniques and practices,  which involve  certain
         risks. These investment techniques and practices,  which may be changed
         without shareholder approval unless indicated otherwise, are identified
         in Appendix A to the Prospectus, and are more fully described, together
         with their  associated  risks,  in Part II of this SAI.  The  following
         percentage   limitations  apply  to  these  investment  techniques  and
         practices.

o Foreign Securities Exposure (including Emerging Markets) may not exceed 50% of
the Fund's net assets.

o        The Fund may invest up to 100% of net assets in Lower Rated Bonds.

o        Lending of Portfolio Securities may not exceed 30% of the Fund's net
         assets.







                 The date of this Supplement is August 23, 1999.




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission