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<PAGE>
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
Supplement to the Current Prospectus
The description with respect to the portfolio manager of the Fund under the
"Management of the Fund - Investment Adviser" section on page 10 of the
Prospectus has been revised to reflect that Christian Felipe is now the sole
portfolio manager of the Fund.
The date of this Supplement is July 17, 1996.
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