<PAGE>
MFS(R) Managed Sectors Fund
MFS(R) Georgia Municipal Bond Fund
MFS(R) Cash Reserve Fund
MFS(R) Maryland Municipal Bond Fund
MFS(R) World Asset Allocation Fund
MFS(R) Massachusetts Municipal Bond Fund
MFS(R) Equity Income Fund
MFS(R) Mississippi Municipal Bond Fund
MFS(R) Research Growth and Income Fund
MFS(R) New York Municipal Bond Fund
MFS(R) Core Growth Fund
MFS(R) North Carolina Municipal Bond Fund
MFS(R) Aggressive Growth Fund
MFS(R) Pennsylvania Municipal Bond Fund
MFS(R) Special Opportunities Fund
MFS(R) South Carolina Municipal Bond Fund
MFS(R) Emerging Growth Fund
MFS(R) Tennessee Municipal Bond Fund
MFS(R) Capital Growth Fund
MFS(R) Virginia Municipal Bond Fund
MFS(R) Gold & Natural Resources Fund
MFS(R) West Virginia Municipal Bond Fund
MFS(R) Intermediate Income Fund
MFS(R) Municipal Income Fund
MFS(R) High Income Fund
MFS(R) Institutional Emerging Equities Fund
MFS(R) Municipal High Income Fund
MFS(R) Institutional Worldwide Fixed Income Fund
MFS(R) Money Market Fund
MFS(R) Institutional Emerging Markets Income Fund
MFS(R) Government Money Market Fund
MFS(R) Institutional Core Plus Fixed Income Fund
MFS(R) Municipal Bond Fund
MFS(R) Institutional Research Fund
MFS(R) OTC Fund
MFS(R) Institutional Mid-Cap Growth Equity Fund
MFS(R) Total Return Fund
MFS(R) Institutional International Equity Fund
MFS(R) Research Fund
MFS(R) Union Standard Equity Fund
MFS(R) World Total Return Fund
MFS(R) Union Standard Research Fund
MFS(R) Utilities Fund
MFS(R) Emerging Growth Series
MFS(R) World Equity Fund
MFS(R) Value Series
MFS(R) World Governments Fund
MFS(R) Research Series
MFS(R) Value Fund
MFS(R) Growth With Income Series
MFS(R) Strategic Income Fund
MFS(R) Total Return Series
MFS(R) World Growth Fund
MFS(R) Utilities Series
MFS(R) Bond Fund
MFS(R) High Income Series
MFS(R) Limited Maturity Fund
MFS(R) World Governments Series
MFS(R) Municipal Limited Maturity Fund
MFS(R) Strategic Fixed Income Series
MS(R) Government Mortgage Fund
MFS(R) Bond Series
MFS/Foreign & Colonial International Growth Fund
MFS(R) Limited Maturity Series
MFS/Foreign & Colonial International Growth and Income Fund
<PAGE>
MFS(R) Money Market Series
MFS/Foreign & Colonial Emerging Markets Equity Fund
MFS(R) Growth Opportunities Fund
MFS(R) Alabama Municipal Bond Fund
MFS(R) Government Securities Fund
MFS(R) Arkansas Municipal Bond Fund
Massachusetts Investors Growth Stock Fund
MFS(R) California Municipal Bond Fund
MFS(R) Government Limited Maturity Fund
MFS(R) Florida Municipal Bond Fund
Massachusetts Investors Trust
Supplement to the Current Statement of Additional Information
From time to time the Fund may also discuss or quote the views of its
distributor, its investment adviser and other financial planning, legal, tax,
accounting, insurance, estate planning and other professionals, or from surveys,
regarding individual and family financial planning. Such views may include
information regarding: retirement planning; tax management strategies; estate
planning; general investment techniques (e.g., asset allocation and disciplined
saving and investing); business succession; ideas and information provided
through the MFS Heritage Planningsm program, an inter-generational financial
planning assistance program; issues with respect to insurance (e.g., disability
and life insurance and Medicare supplemental insurance); issues regarding
financial and health care management for elderly family members; and other
similar or related matters.
The Date of this Supplement is July 15, 1996
