<PAGE>
Massachusetts Investors Trust
Massachusetts Investors Growth Stock Fund
MFS Capital Growth Fund
MFS Emerging Growth Fund
MFS Gold & Natural Resources Fund
MFS Growth Opportunities Fund
MFS Managed Sectors Fund
MFS OTC Fund
MFS Research Fund
MFS Value Fund
MFS Total Return Fund
MFS Utilities Fund
MFS Bond Fund
MFS Government Mortgage Fund
MFS Government Securities Fund
MFS High Income Fund
MFS Intermediate Income Fund
MFS Strategic Income Fund
MFS Government Limited Maturity Fund
MFS Limited Maturity Fund
MFS World Equity Fund
MFS World Governments Fund
MFS World Growth Fund
MFS World Total Return Fund
MFS World Asset Allocation Fund
MFS Cash Reserve Fund
MFS Government Money Market Fund
MFS 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 new 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.
<PAGE>
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 FUN
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
<PAGE>
MASSACHUSETTS INVESTORS TRUST
MFS ALABAMA MUNICIPAL BOND FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MFS ARKANSAS MUNICIPAL BOND FUND
MFS GOVERNMENT MORTGAGE FUND
MFS CALIFORNIA MUNICIPAL BOND FUND
MFS OTC FUND
MFS FLORIDA MUNICIPAL BOND FUND
MFS GROWTH OPPORTUNITIES FUND
MFS GEORGIA MUNICIPAL BOND FUND
MFS CASH RESERVE FUND
MFS LOUISIANA MUNICIPAL BOND FUND
MFS CAPITAL GROWTH FUND
MFS MARYLAND MUNICIPAL BOND FUND
MFS INTERMEDIATE INCOME FUND
MFS MASSACHUSETTS MUNICIPAL BOND FUND
MFS GOLD & NATURAL RESOURCES FUND
MFS MISSISSIPPI MUNICIPAL BOND FUND
MFS MANAGED SECTORS FUND
MFS NEW YORK MUNICIPAL BOND FUND
MFS VALUE FUND
MFS NORTH CAROLINA MUNICIPAL BOND FUND
MFS UTILITIES FUND
MFS PENNSYLVANIA MUNICIPAL BOND FUND
MFS WORLD EQUITY FUND
MFS SOUTH CAROLINA MUNICIPAL BOND FUND
MFS WORLD TOTAL RETURN FUND
MFS TENNESSEE MUNICIPAL BOND FUND
MFS BOND FUND
MFS TEXAS MUNICIPAL BOND FUND
MFS LIMITED MATURITY FUND
MFS VIRGINIA MUNICIPAL BOND FUND
MFS GOVERNMENT LIMITED MATURITY FUND
MFS WASHINGTON MUNICIPAL BOND FUND
MFS GOVERNMENT SECURITIES FUND
MFS WEST VIRGINIA MUNICIPAL BOND FUND
MFS HIGH INCOME FUND
MFS MUNICIPAL INCOME FUND
MFS WORLD GOVERNMENTS FUND
MFS STRATEGIC INCOME FUND
MFS WORLD GROWTH FUND
MFS TOTAL RETURN FUND
MFS WORLD ASSET ALLOCATION FUND
MFS RESEARCH FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH AND INCOME FUND
MFS/FOREIGN & COLONIAL EMERGING MARKETS EQUITY FUND
Supplement to the Current Prospectus
During the period from January 2, 1996 through April 15, 1996 (unless
extended by MFS Fund Distributors, Inc. ("MFD")) (the "Sales Period"), MFD
will pay A. G. Edwards and Sons, Inc. ("A. G. Edwards") 100% of the applicable
sales charge on sales of Class A shares of each of the funds listed above (the
"Funds") sold by such dealer to shareholders purchasing such Funds through new
MFS Individual Retirement Accounts (excluding SEP-IRAs)("Eligible IRAs"). In
addition, if a sale of Class A and Class B shares of the Funds by a registered
representative of A. G. Edwards to a shareholder purchasing such Funds through
an Eligible IRA during the Sales Period is $20,000 or more, MFD will pay A. G.
Edwards an additional commission equal to 0.50% of the public offering price
of such shares.
Although municipal bond funds, such as the various MFS single-state and
other municipal bond funds listed above, are generally available as an
investment choice for an IRA, they may not be suitable for inclusion in an IRA
due to their tax-exempt nature. A shareholder should consult his or her
financial or tax adviser regarding any such investment.
The date of this Supplement is January 1, 1996.
<PAGE>
MFS CASH RESERVE FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH FUND
MFS TOTAL RETURN FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MASSACHUSETTS INVESTORS TRUST
MFS GROWTH OPPORTUNITIES FUND
MFS ALABAMA MUNICIPAL BOND FUND
MFS EMERGING GROWTH FUND
MFS ARKANSAS MUNICIPAL BOND FUND
MFS CAPITAL GROWTH FUND
MFS CALIFORNIA MUNICIPAL BOND FUND
MFS INTERMEDIATE INCOME FUND
MFS FLORIDA MUNICIPAL BOND FUND
MFS GOLD & NATURAL RESOURCES FUND
MFS GEORGIA MUNICIPAL BOND FUND
MFS MANAGED SECTORS FUND
MFS LOUISIANA 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 TEXAS MUNICIPAL BOND FUND
MFS HIGH INCOME FUND
MFS VIRGINIA MUNICIPAL BOND FUND
MFS STRATEGIC INCOME FUND
MFS WASHINGTON MUNICIPAL BOND FUND
MFS WORLD GOVERNMENTS FUND
MFS WEST VIRGINIA MUNICIPAL BOND FUND
MFS WORLD GROWTH FUND
MFS MUNICIPAL LIMITED MATURITY FUND
MFS OTC FUND
MFS MUNICIPAL BOND FUND
MFS MUNICIPAL HIGH INCOME FUND
MFS MUNICIPAL INCOME FUND
MFS GOVERNMENT MONEY MARKET FUND
MFS RESEARCH FUND
MFS/FOREIGN & COLONIAL EMERGING MARKETS EQUITY FUND
MFS WORLD ASSET ALLOCATION FUND
MFS MONEY MARKET FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH AND INCOME FUND
Supplement to the Current Prospectus
During the period from January 1, 1996 through April 30, 1996 (the
"Sales Period") (unless extended 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 January 1, 1996
<PAGE>
MFS Managed Sectors Fund
MFS Alabama Municipal Bond Fund
MFS World Asset Allocation 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 Louisiana Municipal Bond Fund
MFS High Income Fund
MFS Maryland Municipal Bond Fund
MFS Municipal Bond Fund
MFS Massachusetts Municipal Bond Fund
MFS OTC Fund
MFS Mississippi Municipal Bond Fund
MFS Total Return Fund
MFS New York Municipal Bond Fund
MFS Research Fund
MFS North Carolina Municipal Bond Fund
MFS World Total Return Fund
MFS Pennsylvania Municipal Bond Fund
MFS Utilities Fund
MFS South Carolina Municipal Bond Fund
MFS World Equity Fund
MFS Tennessee Municipal Bond Fund
MFS World Governments Fund
MFS Texas Municipal Bond Fund
MFS Value Fund
MFS Virginia Municipal Bond Fund
MFS Strategic Income Fund
MFS Washington Municipal Bond Fund
MFS World Growth Fund
MFS West Virginia Municipal Bond Fund
MFS Bond Fund
MFS Municipal Income Fund
MFS Limited Maturity Fund
MFS Growth Opportunities Fund
MFS Municipal Limited Maturity Fund
MFS Government Securities Fund
MFS Government Mortgage Fund
Massachusetts Investors Growth Stock Fund
MFS/Foreign & Colonial International Growth Fund
MFS Government Limited Maturity Fund
MFS/Foreign & Colonial International Growth and Income Fund
Massachusetts Investors Trust
MFS/Foreign & Colonial Emerging Markets Equity Fund
Supplement to the Current Prospectus
During the period from February 1, 1996 through April 30, 1996 (unless
extended by MFS Fund Distributors, Inc. ("MFD")) (the "Sales Period"), MFD will
pay Franklin Financial Services Corporation ("Franklin") an additional
commission equal to 1.00% of the gross commissionable sales of all of the Class
A and Class B shares (excluding sales to shareholders of $1,000,000 or more) of
each of the funds listed above (the "Funds") made by such dealer to shareholders
purchasing such Funds through MFS Individual Retirement Accounts (excluding
SEP-IRAs) ("Eligible IRAs"). A Letter of Acceptance with respect to the transfer
of funds into such Eligible IRA must be received by MFS Service Center, Inc.
(the "Shareholder Servicing Agent") during the Sales Period, and the Shareholder
Servicing Agent must receive the proceeds representing such transfer by May 31,
1996, in order for the dealer to receive the above-described commission.
Although municipal bond funds, such as the various MFS single-state and
other municipal bond funds listed above, are generally available as an
investment choice for an IRA, they may not be suitable for inclusion in an IRA
due to their tax-exempt nature. A shareholder should consult his or her
financial or tax adviser regarding any such investment.
The date of this Supplement is February 1, 1996.
<PAGE>
MFS Managed Sectors Fund
MFS Alabama Municipal Bond Fund
MFS World Asset Allocation 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 Louisiana Municipal Bond Fund
MFS High Income Fund
MFS Maryland Municipal Bond Fund
MFS Municipal Bond Fund
MFS Massachusetts Municipal Bond Fund
MFS OTC Fund
MFS Mississippi Municipal Bond Fund
MFS Total Return Fund
MFS New York Municipal Bond Fund
MFS Research Fund
MFS North Carolina Municipal Bond Fund
MFS World Total Return Fund
MFS Pennsylvania Municipal Bond Fund
MFS Utilities Fund
MFS South Carolina Municipal Bond Fund
MFS World Equity Fund
MFS Tennessee Municipal Bond Fund
MFS World Governments Fund
MFS Texas Municipal Bond Fund
MFS Value Fund
MFS Virginia Municipal Bond Fund
MFS Strategic Income Fund
MFS Washington Municipal Bond Fund
MFS World Growth Fund
MFS West Virginia Municipal Bond Fund
MFS Bond Fund
MFS Municipal Income Fund
MFS Limited Maturity Fund
MFS Growth Opportunities Fund
MFS Municipal Limited Maturity Fund
MFS Government Securities Fund
MFS Government Mortgage Fund
Massachusetts Investors Growth Stock Fund
MFS/Foreign & Colonial International Growth Fund
MFS Government Limited Maturity Fund
MFS/Foreign & Colonial International Growth and Income Fund
Massachusetts Investors Trust
MFS/Foreign & Colonial Emerging Markets Equity Fund
Supplement to the Current Prospectus
During the period from March 1, 1996 through April 30, 1996 (unless
extended by MFS Fund Distributors, Inc. ("MFD")) (the "Sales Period"), MFD will
pay SunAmerica Securities, Inc. an additional commission equal to 1.00% of the
gross commissionable sales of all of the Class A and Class B shares (excluding
sales to shareholders of $1,000,000 or more) of each of the funds listed above
(the "Funds") made by such dealer to shareholders purchasing such Funds through
MFS Individual Retirement Accounts (excluding SEP-IRAs) ("Eligible IRAs"). A
Letter of Acceptance with respect to the transfer of funds into such Eligible
IRA must be received by MFS Service Center, Inc. (the "Shareholder Servicing
Agent") during the Sales Period, and the Shareholder Servicing Agent must
receive the proceeds representing such transfer by May 31, 1996, in order for
the dealer to receive the above-described commission.
Although municipal bond funds, such as the various MFS single-state and
other municipal bond funds listed above, are generally available as an
investment choice for an IRA, they may not be suitable for inclusion in an IRA
due to their tax-exempt nature. A shareholder should consult his or her
financial or tax adviser regarding any such investment.
The date of this Supplement is March 1, 1996.
<PAGE>
MFS Managed Sectors Fund
MFS Alabama Municipal Bond Fund
MFS World Asset Allocation 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 Louisiana Municipal Bond Fund
MFS High Income Fund
MFS Maryland Municipal Bond Fund
MFS Municipal Bond Fund
MFS Massachusetts Municipal Bond Fund
MFS OTC Fund
MFS Mississippi Municipal Bond Fund
MFS Total Return Fund
MFS New York Municipal Bond Fund
MFS Research Fund
MFS North Carolina Municipal Bond Fund
MFS World Total Return Fund
MFS Pennsylvania Municipal Bond Fund
MFS Utilities Fund
MFS South Carolina Municipal Bond Fund
MFS World Equity Fund
MFS Tennessee Municipal Bond Fund
MFS World Governments Fund
MFS Texas Municipal Bond Fund
MFS Value Fund
MFS Virginia Municipal Bond Fund
MFS Strategic Income Fund
MFS Washington Municipal Bond Fund
MFS World Growth Fund
MFS West Virginia Municipal Bond Fund
MFS Bond Fund
MFS Municipal Income Fund
MFS Limited Maturity Fund
MFS Growth Opportunities Fund
MFS Municipal Limited Maturity Fund
MFS Government Securities Fund
MFS Government Mortgage Fund
Massachusetts Investors Growth Stock Fund
MFS/Foreign & Colonial International Growth Fund
MFS Government Limited Maturity Fund
MFS/Foreign & Colonial International Growth and Income Fund
Massachusetts Investors Trust
MFS/Foreign & Colonial Emerging Markets Equity Fund
Supplement to the Current Prospectus
During the period from March 1, 1996 through April 30, 1996 (unless
extended by MFS Fund Distributors, Inc. ("MFD")) (the "Sales Period"), MFD will
pay H. D. Vest Investment Securities, Inc. an additional commission equal to
1.00% of the gross commissionable sales of all of the Class A and Class B shares
(excluding sales to shareholders of $1,000,000 or more) of each of the funds
listed above (the "Funds") made by such dealer to shareholders purchasing such
Funds through MFS Individual Retirement Accounts (excluding SEP-IRAs) ("Eligible
IRAs"). A Letter of Acceptance with respect to the transfer of funds into such
Eligible IRA must be received by MFS Service Center, Inc. (the "Shareholder
Servicing Agent") during the Sales Period, and the Shareholder Servicing Agent
must receive the proceeds representing such transfer by May 31, 1996, in order
for the dealer to receive the above-described commission.
Although municipal bond funds, such as the various MFS single-state and
other municipal bond funds listed above, are generally available as an
investment choice for an IRA, they may not be suitable for inclusion in an IRA
due to their tax-exempt nature. A shareholder should consult his or her
financial or tax adviser regarding any such investment.
The date of this Supplement is March 1, 1996.
<PAGE>
MFS Managed Sectors Fund
MFS Alabama Municipal Bond Fund
MFS World Asset Allocation 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 Louisiana Municipal Bond Fund
MFS High Income Fund
MFS Maryland Municipal Bond Fund
MFS Municipal Bond Fund
MFS Massachusetts Municipal Bond Fund
MFS OTC Fund
MFS Mississippi Municipal Bond Fund
MFS Total Return Fund
MFS New York Municipal Bond Fund
MFS Research Fund
MFS North Carolina Municipal Bond Fund
MFS World Total Return Fund
MFS Pennsylvania Municipal Bond Fund
MFS Utilities Fund
MFS South Carolina Municipal Bond Fund
MFS World Equity Fund
MFS Tennessee Municipal Bond Fund
MFS World Governments Fund
MFS Texas Municipal Bond Fund
MFS Value Fund
MFS Virginia Municipal Bond Fund
MFS Strategic Income Fund
MFS Washington Municipal Bond Fund
MFS World Growth Fund
MFS West Virginia Municipal Bond Fund
MFS Bond Fund
MFS Municipal Income Fund
MFS Limited Maturity Fund
MFS Growth Opportunities Fund
MFS Municipal Limited Maturity Fund
MFS Government Securities Fund
MFS Government Mortgage Fund
Massachusetts Investors Growth Stock Fund
MFS/Foreign & Colonial International Growth Fund
MFS Government Limited Maturity Fund
MFS/Foreign & Colonial International Growth and Income Fund
Massachusetts Investors Trust
MFS/Foreign & Colonial Emerging Markets Equity Fund
Supplement to the Current Prospectus
During the period from March 1, 1996 through April 30, 1996 (unless
extended by MFS Fund Distributors, Inc. ("MFD")) (the "Sales Period"), MFD will
pay Royal Alliance Associates, Inc. an additional commission equal to 1.00% of
the gross commissionable sales of all of the Class A and Class B shares
(excluding sales to shareholders of $1,000,000 or more) of each of the funds
listed above (the "Funds") made by such dealer to shareholders purchasing such
Funds through MFS Individual Retirement Accounts (excluding SEP-IRAs) ("Eligible
IRAs"). A Letter of Acceptance with respect to the transfer of funds into such
Eligible IRA must be received by MFS Service Center, Inc. (the "Shareholder
Servicing Agent") during the Sales Period, and the Shareholder Servicing Agent
must receive the proceeds representing such transfer by May 31, 1996, in order
for the dealer to receive the above-described commission.
Although municipal bond funds, such as the various MFS single-state and
other municipal bond funds listed above, are generally available as an
investment choice for an IRA, they may not be suitable for inclusion in an IRA
due to their tax-exempt nature. A shareholder should consult his or her
financial or tax adviser regarding any such investment.
The date of this Supplement is March 1, 1996.
