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MFS Managed Sectors Fund
MFS Limited Maturity Fund
MFS Cash Reserve Fund
MFS Municipal Limited Maturity Fund
MFS World Asset Allocation Fund
MFS Government Mortgage Fund
MFS New Discovery Fund
MFS International Growth Fund
MFS Research Growth and Income Fund
MFS International Growth and Income Fund
MFS Equity Income Fund
MFS/Foreign & Colonial Emerging Markets Equity Fund
MFS Research International Fund
MFS Alabama Municipal Bond Fund
MFS Strategic Growth Fund
MFS Arkansas Municipal Bond Fund
MFS Emerging Growth Fund
MFS California Municipal Bond Fund
MFS Large Cap Growth Fund
MFS Florida Municipal Bond Fund
MFS Intermediate Income Fund
MFS Georgia Municipal Bond Fund
MFS High Income Fund
MFS Maryland Municipal Bond Fund
MFS Municipal High Income Fund
MFS Massachusetts Municipal Bond Fund
MFS Money Market Fund
MFS Mississippi Municipal Bond Fund
MFS Government Money Market Fund
MFS New York Municipal Bond Fund
MFS Municipal Bond Fund
MFS North Carolina Municipal Bond Fund
MFS Mid Cap Growth Fund
MFS Pennsylvania Municipal Bond Fund
MFS Total Return Fund
MFS South Carolina Municipal Bond Fund
MFS Research Fund
MFS Tennessee Municipal Bond Fund
MFS World Total Return Fund
MFS Virginia Municipal Bond Fund
MFS Utilities Fund
MFS West Virginia Municipal Bond Fund
MFS World Equity Fund
MFS Municipal Income Fund
MFS World Governments Fund
MFS Growth Opportunities Fund
MFS Capital Opportunities Fund
MFS Government Securities Fund
MFS Strategic Income Fund
Massachusetts Investors Growth Stock Fund
MFS World Growth Fund
MFS Government Limited Maturity Fund
MFS Bond Fund
Massachusetts Investors Trust
MFS Union Standard Equity Fund
SUPPLEMENT TO THE CURRENT PROSPECTUS
This Supplement describes certain changes to each Fund's Prospectus.
Effective September 15, 1998, each Fund will adopt the following new market
timing policy which will replace the current policy as disclosed under the
heading "Information Concerning Shares of the Fund - Purchases - General - Right
to Reject Purchase Orders/Market
Timing" in the Prospectus:
Right to Reject Purchase Orders/Market Timing. Purchases and exchanges should be
made for investment purposes only. The Fund and MFD each reserve the right to
reject or restrict any specific purchase or exchange request. In the event that
the Fund or MFD rejects an exchange request, neither the redemption nor the
purchase side of the exchange will be processed.
The MFS Family of Funds is not designed for professional market timing
organizations or other entities using programmed or frequent exchanges. The MFS
Family of Funds defines a "market timer" as an individual or organization acting
on behalf of one or more individuals, if (i) the individual or organization
makes six or more exchange requests among the MFS Family of Funds or three or
more exchange requests out of any of the MFS high yield bond funds or MFS
municipal bond funds per calendar year and (ii) any one of such exchange
requests represents shares equal in value to $1 million. Accounts under common
ownership or control, including accounts administered by market timers, will be
aggregated for purposes of this definition.
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As noted above, the Fund and MFD each reserves the right to reject or restrict
any specific purchase and exchange request and, in addition, may impose specific
limitations with respect to market timers, including (i) delaying for up to
seven days the purchase side of an exchange request by market timers, (ii)
rejecting or otherwise restricting purchase or exchange requests by market
timers; and (iii) permitting exchanges by market timers only into certain MFS
Funds.
Provision of Annual and Semiannual Reports
To avoid sending duplicate copies of materials to households, effective
September 15, 1998, only one copy of each Fund annual and semiannual report may
be mailed to shareholders having the same residential address on the Fund's
records. However, any shareholder may call the Shareholder Servicing Agent at
1-800-225-2606 to request that copies of such reports be sent personally to that
shareholder.
The date of this Supplement is July 1, 1998.
