<PAGE>
MFS(R) Managed Sectors Fund
MFS(R) Limited Maturity Fund
MFS(R) Cash Reserve Fund
MFS(R) Municipal Limited Maturity Fund
MFS(R) Global Asset Allocation Fund
MFS(R) Government Mortgage Fund
MFS(R) New Discovery Fund
MFS(R) International Growth Fund
MFS(R) Research Growth and Income Fund
MFS(R) International Growth and Income Fund
MFS(R) Equity Income Fund
MFS/Foreign & Colonial Emerging Markets Equity Fund
MFS(R) Research International Fund
MFS(R) Alabama Municipal Bond Fund
MFS(R) Strategic Growth Fund
MFS(R) Arkansas Municipal Bond Fund
MFS(R) Emerging Growth Fund
MFS(R) California Municipal Bond Fund
MFS(R) Large Cap Growth Fund
MFS(R) Florida Municipal Bond Fund
MFS(R) Intermediate Income Fund
MFS(R) Georgia Municipal Bond Fund
MFS(R) High Income Fund
MFS(R) Maryland Municipal Bond Fund
MFS(R) Municipal High Income Fund
MFS(R) Massachusetts Municipal Bond Fund
MFS(R) High Yield Opportunities Fund
MFS(R) Mississippi Municipal Bond Fund
MFS(R) Money Market Fund
MFS(R) New York Municipal Bond Fund
MFS(R) Government Money Market 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) Global Total Return Fund
MFS(R) West Virginia Municipal Bond Fund
MFS(R) Utilities Fund
MFS(R) Municipal Income Fund
MFS(R) Global Equity Fund
MFS(R) Growth Opportunities Fund
MFS(R) Global Governments Fund
MFS(R) Government Securities Fund
MFS(R) Capital Opportunities Fund
Massachusetts Investors Growth Stock Fund
MFS(R) Strategic Income Fund
MFS(R) Government Limited Maturity Fund
MFS(R) Global Growth Fund
Massachusetts Investors Trust
MFS(R) Bond Fund
MFS(R) Union Standard Equity Fund
SUPPLEMENT TO THE CURRENT PROSPECTUS
Until terminated by MFS Fund Distributors, Inc. ("MFD"), the Funds' distributor,
MFD will incur, on behalf of H. D. Vest Investment Securities, Inc., the initial
ticket charge of $15 with respect to purchases of shares of any MFS fund made
through VESTADVISOR accounts. 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 September 15, 1998.
<PAGE>
MFS(R) Managed Sectors Fund
MFS(R) Cash Reserve Fund
MFS(R) Global Asset Allocation Fund
MFS(R) Core Growth Fund
MFS(R) Convertible Securities Fund
MFS(R) Blue Chip Fund
MFS(R) Science and Technology Fund
MFS(R) New Discovery Fund
MFS(R) Research Growth and Income Fund
MFS(R) Equity Income Fund
MFS(R) Research International Fund
MFS(R) Strategic Growth Fund
MFS(R) Large Cap Growth Fund
MFS(R) Emerging Growth Fund
MFS(R) Intermediate Income Fund
MFS(R) Charter Income Fund
MFS(R) High Income Fund
MFS(R) High Yield Opportunities Fund
MFS(R) Government Money Market Fund
MFS(R) Money Market Fund
MFS(R) Mid Cap Growth Fund
MFS(R) Research Fund
MFS(R) Total Return Fund
MFS(R) International Opportunities Fund
MFS(R) International Strategic Growth Fund
MFS(R) International Value Fund
MFS(R) Utilities Fund
MFS(R) Global Total Return Fund
MFS(R) Global Equity Fund
MFS(R) Global Governments Fund
MFS(R) Capital Opportunities Fund
MFS(R) Strategic Income Fund
MFS(R) Global Growth 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) Government Mortgage Fund
MFS(R) International Growth Fund
MFS(R) International Growth and Income Fund
MFS(R)/F&C Emerging Markets Equity 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) Union Standard Equity Fund
Massachusetts Investors Trust
Massachusetts Investors Growth Stock Fund
MFS(R) Growth Opportunities Fund
MFS(R) Government Securities Fund
MFS(R) Government Limited Maturity Fund
Supplement to the Current Prospectus
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 August 1, 1999.
<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
<PAGE>
(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
(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.
<PAGE>
MFS(R) Managed Sectors Fund
MFS(R) Cash Reserve Fund
MFS(R) Global Asset Allocation Fund
MFS(R) Core Growth Fund
MFS(R) Convertible Securities Fund
MFS(R) Blue Chip Fund
MFS(R) Science and Technology Fund
MFS(R) New Discovery Fund
MFS(R) Research Growth and Income Fund
MFS(R) Equity Income Fund
MFS(R) Research International Fund
MFS(R) Strategic Growth Fund
MFS(R) Emerging Growth Fund
MFS(R) Large Cap Growth Fund
MFS(R) Intermediate Income Fund
MFS(R) Charter Income Fund
MFS(R) High Income Fund
MFS(R) Municipal High Income Fund
MFS(R) High Yield Opportunities Fund
MFS(R) Money Market Fund
MFS(R) Government Money Market Fund
MFS(R) Municipal Bond Fund
MFS(R) Mid Cap Growth Fund
MFS(R) Total Return Fund
MFS(R) Research Fund
MFS(R) International Opportunities Fund
MFS(R) International Strategic Growth Fund
MFS(R) International Value Fund
MFS(R) Global Total Return Fund
MFS(R) Utilities Fund
MFS(R) Global Equity Fund
MFS(R) Global Governments Fund
MFS(R) Capital Opportunities Fund
MFS(R) Strategic Income Fund
MFS(R) Global Growth Fund
MFS(R) Bond Fund
MFS(R) Limited Maturity Fund
MFS(R) Municipal 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) Government Mortgage Fund
MFS(R) International Growth Fund
MFS(R) International Growth and Income Fund
MFS/Foreign & Colonial Emerging Markets Equity 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) Union Standard Equity Fund
MFS(R) Alabama Municipal Bond Fund
MFS(R) Arkansas Municipal Bond Fund
MFS(R) California Municipal Bond Fund
MFS(R) Florida Municipal Bond Fund
MFS(R) Georgia Municipal Bond Fund
MFS(R) Maryland Municipal Bond Fund
MFS(R) Massachusetts Municipal Bond Fund
MFS(R) Mississippi Municipal Bond Fund
MFS(R) New York Municipal Bond Fund
MFS(R) North Carolina Municipal Bond Fund
MFS(R) Pennsylvania Municipal Bond Fund
MFS(R) South Carolina Municipal Bond Fund
MFS(R) Tennessee Municipal Bond Fund
MFS(R) Virginia Municipal Bond Fund
MFS(R) West Virginia Municipal Bond Fund
MFS(R) Municipal Income Fund
MFS(R) New York High Income Tax Free Fund
MFS(R) Massachusetts High Income Tax Free Fund
MFS(R) Growth Opportunities Fund
MFS(R) Government Securities Fund
Massachusetts Investors Growth Stock Fund
MFS(R) Government Limited Maturity Fund
Massachusetts Investors Trust
Supplement to the Current Prospectus
Until terminated 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 August 1, 1999.
