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Massachusetts Investors Trust
Massachusetts Investors Growth Stock Fund
MFS(R) Capital Growth Fund
MFS(R) Emerging Growth Fund
MFS(R) Gold & Natural Resources Fund
MFS(R) Growth Opportunities Fund
MFS(R) Managed Sectors Fund
MFS(R) OTC Fund
MFS(R) Research Fund
MFS(R) Value Fund
MFS(R) Total Return Fund
MFS(R) Utilities Fund
MFS(R) Bond Fund
MFS(R) Government Mortgage Fund
MFS(R) Government Securities Fund
MFS(R) High Income Fund
MFS(R) Intermediate Income Fund
MFS(R) Strategic Income Fund
MFS(R) Government Limited Maturity Fund
MFS(R) Limited Maturity Fund
MFS(R) World Equity Fund
MFS(R) World Governments Fund
MFS(R) World Growth Fund
MFS(R) World Total Return Fund
MFS(R) World Asset Allocation Fund
MFS(R) Cash Reserve Fund
MFS(R) Government Money Market Fund
MFS(R) Money Market Fund
Supplement to the Current Prospectus
Class A shares of the Fund may be purchased at net asset value by retirement
plans whose third party administrators have entered into an agreement with MFS
Fund Distributors, Inc. ("MFD") or one or more of its affiliates to perform
certain administrative services, subject to certain operational requirements
specified from time to time by MFD or its affiliates.
In lieu of the sales commission and service fees normally paid by MFD to
broker-dealers of record as described in the Prospectus, MFD has agreed to pay
Bear, Stearns & Co. Inc. the following amounts with respect to Class A shares of
the Fund purchased through a special retirement plan program offered by a third
party administrator: (i) an amount equal to 0.05% per annum of the average daily
net assets invested in shares of the Fund pursuant to such program, and (ii) an
amount equal to 0.20% of the net asset value of all net purchases of shares of
the Fund made through such program, subject to a refund in the event that such
shares are redeemed within 36 months.
The date of this Supplement is February 1, 1995.
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MFS CASH RESERVE FUND
MASSACHUSETTS INVESTORS TRUST
MFS TOTAL RETURN FUND
MFS ALABAMA MUNICIPAL BOND FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MFS ARKANSAS MUNICIPAL BOND FUND
MFS GROWTH OPPORTUNITIES FUND
MFS CALIFORNIA MUNICIPAL BOND FUND
MFS EMERGING GROWTH FUND
MFS FLORIDA MUNICIPAL BOND FUND
MFS CAPITAL GROWTH FUND
MFS GEORGIA MUNICIPAL BOND FUND
MFS INTERMEDIATE INCOME FUND
MFS LOUISIANA MUNICIPAL BOND FUND
MFS GOLD & NATURAL RESOURCES FUND
MFS MARYLAND MUNICIPAL BOND FUND
MFS MANAGED SECTORS FUND
MFS MASSACHUSETTS MUNICIPAL BOND FUND
MFS VALUE FUND
MFS MISSISSIPPI MUNICIPAL BOND FUND
MFS UTILITIES FUND
MFS NEW YORK MUNICIPAL BOND FUND
MFS WORLD EQUITY FUND
MFS NORTH CAROLINA MUNICIPAL BOND FUND
MFS WORLD TOTAL RETURN FUND
MFS PENNSYLVANIA MUNICIPAL BOND FUND
MFS BOND FUND
MFS SOUTH CAROLINA MUNICIPAL BOND FUND
MFS LIMITED MATURITY FUND
MFS TENNESSEE MUNICIPAL BOND FUND
MFS GOVERNMENT MORTGAGE FUND
MFS TEXAS MUNICIPAL BOND FUND
MFS GOVERNMENT LIMITED MATURITY FUND
MFS VIRGINIA MUNICIPAL BOND FUND
MFS GOVERNMENT SECURITIES FUND
MFS WASHINGTON 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 MUNICIPAL HIGH INCOME FUND
MFS WORLD ASSET ALLOCATION FUND
MFS GOVERNMENT MONEY MARKET FUND
MFS MONEY MARKET FUND
Supplement to the Current Prospectus
The following information supplements the disclosure found under the caption
"Information Concerning Shares of the Fund - Purchases" in the Prospectus:
MFS Fund Distributors, Inc. ("MFD"), the distributor of each of the
above-named funds (the "Funds"), has entered into a five-year exclusive
marketing agreement with IBAA Financial Services Corporation ("IBFS"),
pursuant to which MFD has paid IBFS, as compensation for IBFS'
selection of the Funds for its exclusive marketing program, the use of
the IBFS name and logo, and the marketing and distribution of the
Funds, two initial payments for the first two years of such agreement
(I.E. 1993 and 1994) to be used by IBFS for marketing, administrative,
legal, registration and other general expenses. Thereafter, as
additional compensation for IBFS' marketing and distribution of the
Funds, MFD has agreed to pay IBFS an annual amount (subject to a
minimum) based upon the value of shares of the Funds for which IBFS
acts as broker-dealer of record plus the value of shares of the Funds
sold by IBFS during such year.
The date of this Supplement is July 18, 1995
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MFS Managed Sectors Fund
MFS Government Mortgage Fund
MFS Equity Income Fund
MFS/Foreign & Colonial International Growth Fund
MFS Research Growth and Income Fund
MFS/Foreign & Colonial International Growth and Income Fund
MFS Core Growth Fund
MFS/Foreign & Colonial Emerging Markets Equity Fund
MFS Aggressive Growth Fund
MFS Alabama Municipal Bond Fund
MFS Special Opportunities Fund
MFS Arkansas Municipal Bond Fund
MFS Emerging Growth Fund
MFS California Municipal Bond Fund
MFS Capital Growth Fund
MFS Florida Municipal Bond Fund
MFS Gold & Natural Resources Fund
MFS Georgia Municipal Bond Fund
MFS Intermediate Income Fund
MFS Maryland Municipal Bond Fund
MFS High Income Fund
MFS Massachusetts Municipal Bond Fund
MFS Municipal High Income Fund
MFS Mississippi Municipal Bond Fund
MFS Municipal Bond Fund
MFS New York Municipal Bond Fund
MFS OTC Fund
MFS North Carolina Municipal Bond Fund
MFS Total Return Fund
MFS Pennsylvania Municipal Bond Fund
MFS Research Fund
MFS South Carolina Municipal Bond Fund
MFS World Total Return Fund
MFS Tennessee Municipal Bond Fund
MFS Utilities Fund
MFS Virginia Municipal Bond Fund
MFS World Equity Fund
MFS West Virginia Municipal Bond Fund
MFS World Governments Fund
MFS Municipal Income Fund
MFS Value Fund
MFS Growth Opportunities Fund
MFS Strategic Income Fund
MFS Government Securities Fund
MFS World Growth Fund
Massachusetts Investors Growth Stock Fund
MFS Bond Fund
MFS Government Limited Maturity Fund
MFS Limited Maturity Fund
Massachusetts Investors Trust
MFS Municipal Limited Maturity Fund
Supplement to the Current Prospectus
This Supplement describes certain changes to the manner in which the
Fund calculates the performance of its newer class(es) of shares.
The Fund offers multiple classes of shares which were initially offered
for sale to the public on different dates. In calculating the total rate of
return for each class of the Fund's shares, the Fund historically has calculated
this performance for an individual class of shares using a starting date which
was the date on which the class initially was offered for sale to the public.
Commencing on July 1, 1996, the calculation of total rate of return for a class
of shares which initially was offered for sale to the public subsequent to
another class of shares of the Fund will be based both on (i) the performance of
the Fund's newer class from the date it initially was offered for sale to the
public and (ii) the performance of the Fund's oldest class from the date it
initially was offered for sale to the public up to the date that the newer class
initially was offered for sale to the public.
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As discussed in the Fund's prospectus, the sales charges, expenses and
expense ratios, and therefore the performance, of the Fund's classes of shares
differ. In calculating total rate of return for a newer class of shares in
accordance with certain formulas required by the Securities and Exchange
Commission, the performance will be adjusted to take into account the fact that
the newer class is subject to a different sales charge than the oldest class
(E.G., if the newer class is Class A shares, the total rate of return quoted
will reflect the deduction of the initial sales charge applicable to Class A
shares; if the newer class is Class B shares, the total rate of return quoted
will reflect the deduction of the contingent deferred sales charge applicable to
Class B shares). However, the performance will not be adjusted to take into
account the fact that the newer class of shares bears different class specific
expenses than the oldest class of shares (E.G., Rule 12b-1 fees). Therefore, the
total rate of return quoted for a newer class of shares will differ from the
return that would be quoted had the newer class of shares been outstanding for
the entire period over which the calculation is based (I.E., the total rate of
return quoted for the newer class will be higher than the return that would have
been quoted had the newer class of shares been outstanding for the entire period
over which the calculation is based if the class specific expenses for the newer
class are HIGHER than the class specific expenses of the oldest class, and the
total rate of return quoted for the newer class will be LOWER than the return
that would be quoted had the newer class of shares been outstanding for this
entire period if the class specific expenses for the newer class are LOWER than
the class specific expenses of the oldest class).
The date of this Supplement is July 1, 1996
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MFS(R) Cash Reserve Fund
MFS/Foreign & Colonial International Growth Fund
MFS(R) Total Return Fund
MFS/Foreign & Colonial International Growth and Income Fund
Massachusetts Investors Growth Stock Fund
MFS/Foreign & Colonial Emerging Markets Equity Fund
MFS(R) Growth Opportunities Fund
Massachusetts Investors Trust
MFS(R) Emerging Growth Fund
MFS(R) Alabama Municipal Bond Fund
MFS(R) Capital Growth Fund
MFS(R) Arkansas Municipal Bond Fund
MFS(R) Intermediate Income Fund
MFS(R) California Municipal Bond Fund
MFS(R) Gold & Natural Resources Fund
MFS(R) Florida Municipal Bond Fund
MFS(R) Managed Sectors Fund
MFS(R) Georgia Municipal Bond Fund
MFS(R) Value Fund
MFS(R) Maryland Municipal Bond Fund
MFS(R) Utilities Fund
MFS(R) Massachusetts Municipal Bond Fund
MFS(R) World Equity Fund
MFS(R) Mississippi Municipal Bond Fund
MFS(R) World Total Return Fund
MFS(R) New York Municipal Bond Fund
MFS(R) Bond Fund
MFS(R) North Carolina Municipal Bond Fund
MFS(R) Limited Maturity Fund
MFS(R) Pennsylvania Municipal Bond Fund
MFS(R) Government Mortgage Fund
MFS(R) South Carolina Municipal Bond Fund
MFS(R) Government Limited Maturity Fund
MFS(R) Tennessee Municipal Bond Fund
MFS(R) Government Securities Fund
MFS(R) Virginia Municipal Bond Fund
MFS(R) High Income Fund
MFS(R) West Virginia Municipal Bond Fund
MFS(R) Strategic Income Fund
MFS(R) Municipal Limited Maturity Fund
MFS(R) World Governments Fund
MFS(R) Municipal Bond Fund
MFS(R) World Growth Fund
MFS(R) Municipal Income Fund
MFS(R) OTC Fund
MFS(R) Research Fund
MFS(R) Municipal High Income Fund
MFS(R) World Asset Allocation Fund
MFS(R) Government Money Market Fund
MFS(R) Money Market Fund
Supplement to the Current Prospectus
During the period from July 1, 1996 through December 31, 1996 (the "Sales
Period") (unless extended by MFS Fund Distributors, Inc. ("MFD"), the Funds'
distributor), MFD will incur, on behalf of Royal Alliance Associates, Inc., up
to $15 toward the ticket charge with respect to purchases of shares of any MFS
Fund made through the GOLD Select Program. MFD will not incur such charge with
respect to redemptions or repurchases of Fund shares, exchanges of Fund shares,
or shares purchased or redeemed through systematic investment or withdrawal
plans.
The date of this Supplement is July 1, 1996.
