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MFS(R) Managed Sectors Fund
MFS(R) Municipal Limited Maturity Fund
MFS(R) Cash Reserve Fund
MFS(R) Government Mortgage Fund
MFS(R) World Asset Allocation Fund
MFS(R) Alabama Municipal Bond Fund
MFS(R) New Discovery Fund
MFS(R) Arkansas Municipal Bond Fund
MFS(R) Research Growth and Income Fund
MFS(R) California Municipal Bond Fund
MFS(R) Equity Income Fund
MFS(R) Florida Municipal Bond Fund
MFS(R) Strategic Growth Fund
MFS(R) Georgia Municipal Bond Fund
MFS(R) Emerging Growth Fund
MFS(R) Maryland Municipal Bond Fund
MFS(R) Large Cap Growth Fund
MFS(R) Massachusetts Municipal Bond Fund
MFS(R) Intermediate Income Fund
MFS(R) Mississippi Municipal Bond Fund
MFS(R) High Income Fund
MFS(R) New York Municipal Bond Fund
MFS(R) Municipal High Income Fund
MFS(R) North Carolina Municipal Bond Fund
MFS(R) Municipal Bond Fund
MFS(R) Pennsylvania Municipal Bond Fund
MFS(R) Mid Cap Growth Fund
MFS(R) South Carolina Municipal Bond Fund
MFS(R) Total Return Fund
MFS(R) Tennessee Municipal Bond Fund
MFS(R) Research Fund
MFS(R) Virginia Municipal Bond Fund
MFS(R) World Total Return Fund
MFS(R) West Virginia Municipal Bond Fund
MFS(R) Utilities Fund
MFS(R) Municipal Income Fund
MFS(R) World Equity Fund
MFS(R) Union Standard Equity Fund
MFS(R) World Governments Fund
MFS(R) Growth Opportunities Fund
MFS(R) Value Fund
MFS(R) Government Securities Fund
MFS(R) Strategic Income Fund
Massachusetts Investors Growth Stock Fund
MFS(R) World Growth Fund
MFS(R) Government Limited Maturity Fund
MFS(R) Bond Fund
Massachusetts Investors Trust
MFS(R) Limited Maturity Fund
Supplement to the Current Prospectus
This supplement describes certain changes, effective November 1, 1997,
to each Fund's Prospectus.
1. For all Funds listed above except Massachusetts Investors Trust,
Massachusetts Investors Growth Stock Fund, MFS Municipal Bond Fund, MFS
Municipal Limited Maturity Fund and MFS Cash Reserve Fund, Appendix A to the
Prospectus, which describes waivers of sales charges, is amended to add a new
waiver category under "II.
WAIVERS OF CLASS A SALES CHARGES" as follows:
5. Purchases of at Least $5 Million (CDSC waiver only)
o Shares acquired of Eligible Funds (as defined below) if
the shareholder's investment equals or exceeds $5 million in
one or more Eligible Funds (the "Initial Purchase") (this
waiver applies to the shares acquired from the Initial
Purchase and all shares of Eligible Funds subsequently
acquired by the shareholder); provided that the dealer
through which the Initial Purchase is made enters into an
agreement with MFD to accept delayed payment of commissions
with respect to the Initial Purchase and all subsequent
investments by the shareholder in the Eligible Funds subject
to such requirements as may be established from time to time
by MFD (for a schedule of the amount of commissions paid by
MFD to the dealer on such investments, see "Purchases -
Class A Shares - Purchases subject to a CDSC" in the
Prospectus). The Eligible Funds are all funds included in
the MFS Family of Funds, except for Massachusetts Investors
Trust, Massachusetts Investors Growth Stock Fund, MFS
Municipal Bond Fund, MFS Municipal Limited Maturity Fund,
MFS Money Market Fund, MFS Government Money Market Fund and
MFS Cash Reserve Fund.
2. For all Funds listed above, the section of the Prospectus captioned
"Purchases - Class A Shares - Waivers of Initial Sales Charge and CDSC" is
restated in its entirety as follows:
Waivers of Initial Sales Charge and CDSC. In certain
circumstances, the initial sales charge imposed upon purchases of
Class A shares and the CDSC imposed upon redemptions of Class A
shares is waived. These circumstances are described in Appendix A
to this Prospectus. In addition to these circumstances, the CDSC
imposed upon the redemption of Class A shares is waived with
respect to shares held by certain retirement plans qualified under
Section 401(a) or 403(b) of the Internal Revenue Code of 1986, as
amended (the "Code"), and subject to ERISA, where:
(i) the retirement plan
and/or sponsoring organization does not subscribe
to the MFS Participant Recordkeeping System; and
(ii) the retirement plan and/or sponsoring
organization demonstrates to the satisfaction of, and
certifies to, the Shareholder Servicing Agent that the
retirement plan has, at the time of certification or will
have pursuant to a purchase order placed with the
certification, a market value of $500,000 or more invested
in shares of any class or classes of the MFS Funds and
aggregate assets of at least $10 million;
provided, however, the CDSC will not be waived (i.e.,
it will be imposed) (a) with respect to plans which establish an
account with the Shareholder Servicing Agent on or after November
1, 1997, in the event that the plan makes a complete redemption of
all of its shares in the MFS Funds, or (b) with respect to plans
which established an account with the Shareholder Servicing Agent
prior to November 1, 1997, in the event that there is a change in
law or regulation which results in a material adverse change to
the tax advantaged nature of the plan, or in the event that the
plan and/or sponsoring organization: (i) becomes insolvent or
bankrupt; (ii) is terminated under ERISA or is liquidated or
dissolved; or (iii) is acquired by, merged into, or consolidated
with any other entity.
The date of this Supplement is November 1, 1997.
