<PAGE>
MFS(R) MANAGED SECTORS FUND
MFS(R) CASH RESERVE FUND
MFS(R) GLOBAL ASSET ALLOCATION FUND
MFS(R) STRATEGIC GROWTH FUND
MFS(R) RESEARCH GROWTH AND INCOME FUND
MFS(R) CORE GROWTH FUND
MFS(R) EQUITY INCOME FUND
MFS(R) BLUE CHIP FUND
MFS(R) NEW DISCOVERY FUND
MFS(R) CONVERTIBLE SECURITIES FUND
MFS(R) RESEARCH INTERNATIONAL FUND
MFS(R) SCIENCE AND TECHNOLOGY FUND
MFS(R) EMERGING GROWTH FUND
MFS(R) LARGE CAP GROWTH FUND
MFS(R) INTERMEDIATE INCOME FUND
MFS(R) CHARTER INCOME FUND
MFS(R) GLOBAL GOVERNMENTS FUND
MFS(R) CAPITAL OPPORTUNITIES FUND
MFS(R) GLOBAL TOTAL RETURN FUND
MFS(R) UTILITIES FUND
MFS(R) GLOBAL EQUITY FUND
MFS(R) BOND FUND
MFS(R) LIMITED MATURITY FUND
MFS(R) INTERMEDIATE INVESTMENT GRADE BOND FUND
MFS(R) RESEARCH BOND FUND
MFS(R) MID CAP VALUE FUND
MFS(R) LARGE CAP VALUE FUND
MFS(R) HIGH QUALITY BOND FUND
MFS(R) HIGH INCOME FUND
MFS(R) HIGH YIELD OPPORTUNITIES FUND
MFS(R) STRATEGIC INCOME FUND
MFS(R) INTERNATIONAL OPPORTUNITIES FUND
MFS(R) INTERNATIONAL STRATEGIC GROWTH FUND
MFS(R) INTERNATIONAL VALUE FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MASSACHUSETTS INVESTORS TRUST
MFS(R) GOVERNMENT LIMITED MATURITY FUND
MFS(R) GLOBAL GROWTH FUND
MFS(R) MONEY MARKET FUND
MFS(R) GOVERNMENT MONEY MARKET FUND
MFS(R) MID CAP GROWTH FUND
MFS(R) RESEARCH FUND
MFS(R) TOTAL RETURN FUND
MFS(R) GOVERNMENT MORTGAGE FUND
MFS(R)/F&C EMERGING MARKETS EQUITY FUND
MFS(R) INTERNATIONAL GROWTH AND INCOME FUND
MFS(R) INTERNATIONAL GROWTH FUND
MFS(R) STRATEGIC VALUE FUND
MFS(R) SMALL CAP VALUE FUND
MFS(R) EMERGING MARKETS DEBT FUND
MFS(R) INCOME FUND
MFS(R) EUROPEAN EQUITY FUND
MFS(R) HIGH YIELD FUND
MFS(R) CONCENTRATED GROWTH FUND
MFS(R) GROWTH OPPORTUNITIES FUND
MFS(R) UNION STANDARD EQUITY FUND
MFS(R) GOVERNMENT SECURITIES FUND
Supplement to the Current Prospectus
The following provisions shall apply to any retirement plan (each a "Merrill
Lynch Daily K Plan") whose records are maintained on a daily valuation basis by
either Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch"), or
by an independent recordkeeper (an "Independent Recordkeeper") whose services
are provided through a contract or alliance arrangement with Merrill Lynch, and
with respect to which the sponsor of such plan has entered into a recordkeeping
service agreement with Merrill Lynch (a "Merrill Lynch Recordkeeping
Agreement").
The initial sales charge imposed on purchases of Class A shares of the Funds,
and the contingent deferred sales charge ("CDSC") imposed on certain redemptions
of Class A shares of the Funds, is waived in the following circumstances with
respect to a Merrill Lynch Daily K Plan:
(i) if, on the date the Plan sponsor signs the Merrill Lynch
Recordkeeping Agreement, such Plan has $3 million or more in
assets invested in broker-dealer sold funds not advised or
managed by Merrill Lynch Asset Management L.P. ("MLAM") that
are made available pursuant to agreements between Merrill
Lynch and such funds' principal underwriters or distributors,
and in funds advised or managed by MLAM (collectively, the
"Applicable Investments"); or
(ii) if such Plan's records are maintained by an Independent
Recordkeeper and, on the date the Plan sponsor signs the
Merrill Lynch Recordkeeping Agreement, such Plan has $3
million or more in assets, excluding money market funds,
invested in Applicable Investments; or
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(iii) such Plan has 500 or more eligible employees, as determined by
the Merrill Lynch plan conversion manager on the date the Plan
sponsor signs the Merrill Lynch Recordkeeping Agreement.
The CDSC imposed on redemptions of Class B shares of the Fund is waived
in the following circumstances with respect to a Merrill Lynch Daily K
Plan:
(i) if, on the date the Plan sponsor signs the Merrill Lynch
Recordkeeping Agreement, such Plan has less than $3 million in
assets invested in Applicable Investments;
(ii) if such Plan's records are maintained by an independent
recordkeeper and, on the date the Plan sponsor signs the
Merrill Lynch Recordkeeping Agreement, such Plan has less than
$3 million dollars in assets, excluding money market funds,
invested in Applicable Investments; or
(iii) such Plan has fewer than 500 eligible employees, as determined
by the Merrill Lynch plan conversion manager on the date the
Plan sponsor signs the Merrill Lynch Recordkeeping Agreement.
No front-end commissions are paid with respect to any Class A or Class B shares
of the Fund purchased by any Merrill Lynch Daily K Plan.
The date of this Supplement is August 1, 1999.
