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MFS CASH RESERVE FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH AND INCOME FUND
MFS TOTAL RETURN FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH FUND
MFS GROWTH OPPORTUNITIES FUND
MFS EMERGING GROWTH FUND
MFS ALABAMA MUNICIPAL BOND FUND
MFS CAPITAL GROWTH FUND
MFS ARKANSAS MUNICIPAL BOND FUND
MFS INTERMEDIATE INCOME FUND
MFS CALIFORNIA MUNICIPAL BOND FUND
MASSACHUSETTS INVESTORS TRUST
MFS FLORIDA MUNICIPAL BOND FUND
MFS MANAGED SECTORS FUND
MFS GEORGIA MUNICIPAL BOND FUND
MFS VALUE FUND
MFS MARYLAND MUNICIPAL BOND FUND
MFS UTILITIES FUND
MFS MASSACHUSETTS MUNICIPAL BOND FUND
MFS WORLD EQUITY FUND
MFS MISSISSIPPI MUNICIPAL BOND FUND
MFS WORLD TOTAL RETURN FUND
MFS NEW YORK MUNICIPAL BOND FUND
MFS BOND FUND
MFS NORTH CAROLINA MUNICIPAL BOND FUND
MFS LIMITED MATURITY FUND
MFS PENNSYLVANIA MUNICIPAL BOND FUND
MFS GOVERNMENT MORTGAGE FUND
MFS SOUTH CAROLINA MUNICIPAL BOND FUND
MFS GOVERNMENT LIMITED MATURITY FUND
MFS TENNESSEE MUNICIPAL BOND FUND
MFS GOVERNMENT SECURITIES FUND
MFS VIRGINIA MUNICIPAL BOND FUND
MFS HIGH INCOME FUND
MFS WEST VIRGINIA MUNICIPAL BOND FUND
MFS STRATEGIC INCOME FUND
MFS MUNICIPAL LIMITED MATURITY FUND
MFS WORLD GOVERNMENTS FUND
MFS MUNICIPAL BOND FUND
MFS WORLD GROWTH FUND
MFS MUNICIPAL INCOME FUND
MFS OTC FUND
MFS RESEARCH FUND
MFS/FOREIGN & COLONIAL EMERGING MARKETS EQUITY FUND
MFS WORLD ASSET ALLOCATION FUND
MFS MONEY MARKET FUND
MFS MUNICIPAL HIGH INCOME FUND
MFS GOVERNMENT MONEY MARKET FUND
MFS RESEARCH GROWTH AND INCOME FUND
MFS STRATEGIC GROWTH FUND
SUPPLEMENT TO THE CURRENT PROSPECTUS
This supplement describes certain changes, effective immediately, to each Fund's
Prospectus.
1. DEFINITION OF "DEALER". As used in the Prospectus and any appendices thereto,
the term "dealer" includes any broker, dealer, bank (including bank trust
departments), registered investment adviser, financial planner and any other
financial institutions having a selling agreement or other similar agreement
with MFS Fund Distributors, Inc. ("MFD").
2. NEW CLASS A NET ASSET VALUE CATEGORY FOR CERTAIN RETIREMENT PLANS. In
addition to the four circumstances described under the caption "Purchases
Subject to a CDSC (but not an initial sales charge)" in the "Purchases - Class A
Shares" section of the Prospectus, Class A shares are offered at net asset value
without an initial sales charge but subject to a CDSC (equal to 1% of the lesser
of the value of the shares redeemed (exclusive of reinvested dividend and
capital gain distributions) or the total cost of such shares, in the event of a
share redemption within 12 months following the purchase) on investments in
Class A shares by certain retirement plans subject to the Employee Retirement
Income Security Act of 1974, as amended, if: (a) the plan establishes an account
with the Shareholder Servicing Agent on or after July 1, 1997; (b) such plan's
records are maintained on a pooled basis by the Shareholder Servicing Agent; and
(c) the sponsoring organization demonstrates to the satisfaction of MFD that, at
the time of purchase, the employer has at least 200 eligible employees and the
plan has aggregate assets of at least $2,000,000.
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3. CHANGES TO SALES CHARGE WAIVER CATEGORIES. Appendix A to the Prospectus,
which describes waivers of sales charges, is amended as follows:
Loan Payments. A new waiver category is added under "I. Waivers of All
Applicable Sales Charges" as follows:
7. Loan Repayments
Shares acquired pursuant to repayments by retirement plan
participants of loans from 401(a) or ESP Plans with respect
to which such Plan or its sponsoring organization subscribes
to the MFS FUNDamental 401(k) Program or the MFS
Recordkeeper Plus Program (but not the MFS Recordkeeper
Program).
In a conforming change, the waiver category for loans from a
401(a) or ESP Plan under "5. Retirement Plans (CDSC waiver only) -
Section 401(a) Plans ("401 (a) Plans") and Section 403 (b)
Employee Sponsored Plans ("ESP Plans")" is deleted.
Wrap Account Investments. The waiver category entitled "2. Wrap Account
Investments" under "II. Waivers of Class A Sales Charges" is amended to
read in its entirety as follows:
Shares acquired by investments through certain dealers
(including registered investment advisers and financial
planners) which have established certain operational
arrangements with MFD which include a requirement that such
shares be sold for the sole benefit of clients participating
in a "wrap" account, mutual fund marketplace account or a
similar program under which such clients pay a fee to such
dealer.
Administrative Services Agreements. The waiver category entitled
"Administrative Services Arrangements" under the heading "4. Retirement
Plans" under "II. Waivers of Class A Sales Charges" is amended to read in
its entirety as follows:
Shares acquired by retirement plans or trust accounts whose
third party administrators or dealers have entered into an
administrative services agreement with MFD or one of its
affiliates to perform certain administrative services,
subject to certain operational and minimum size requirements
specified from time to time by MFD or one or more of its
affiliates.
Systematic Withdrawal Plan. The waiver category entitled "1. Systematic
Withdrawal Plan" under the heading "III. Waivers of Class B and Class C
Sales Charges" is amended to read as follows:
Systematic Withdrawal Plan redemptions with respect to up to
10% per year (or 15% per year, in the case of accounts
registered as IRAs where the redemption is made pursuant to
Section 72(t) of the Internal Revenue Code of 1986, as
amended) of the account value at the time of establishment.
Investment of Redemption Proceeds from Unaffiliated Mutual Funds. The
waiver category entitled "1. Investment of Redemption Proceeds from
Unaffiliated Mutual Funds" under the heading "II. Waivers of Class A Sales
Charges" is deleted in its entirety.
The date of this Supplement is July 1, 1997.
