MFS Louisiana Municipal Bond Fund
MFS Pennsylvania Municipal Bond Fund
MFS Texas Municipal Bond Fund
MFS Washington Municipal Bond Fund
Supplement to the Prospectus dated June 1, 1994
The following information replaces the information to which it
relates found on pages 3, 4, 5 and 6 of the Fund's Prospectus
dated June 1, 1994:
Expense Summary
Shareholder Transaction Expenses: Class A Class B
Maximum Initial Sales Charge Imposed
on Purchases of Shares of each Fund
(as a percentage of offering price) 4.75% 0.00%
Maximum Contingent Deferred Sales Charge
(as a percentage of original purchase
price or redemption proceeds,
as applicable) See Below(1) 4.00%
The Following Annual Operating Expenses for each Class of Shares
of each Fund are Shown After Applicable Fee Reductions and
Reimbursements, as Described in the Footnotes
Annual Operating Expenses of the Class A Shares of each Fund (as a
percentage of average net assets):
Louisiana Pennsylvania
Fund Fund
Rule 12b-1 Fees(3) 0.00% 0.00%
Other Expenses(4) 0.00% 0.00%
Total Operating Expenses(5) 0.20% 0.10%
Texas Washington
Fund Fund
Management Fees(2) 0.20% 0.20%
Rule 12b-1 Fees(3) 0.00% 0.00%
Other Expenses(4) 0.00% 0.00%
Total Operating Expenses(5) 0.20% 0.20%
Annual Operating Expenses of the Class B Shares of each Fund (as a
percentage of average net assets):
Louisiana Pennsylvania
Fund Fund
Management Fees(2) 0.20% 0.10%
Rule 12b-1 Fees(6) 1.00% 1.00%
Other Expenses(7) 0.00% 0.00%
Total Operating Expenses(8) 1.20% 1.10%
Texas Washington
Fund Fund
Management Fees(2) 0.20% 0.20%
Rule 12b-1 Fees(6) 1.00% 1.00%
Other Expenses(7) 0.00% 0.00%
Total Operating Expenses(8) 1.20% 1.20%
(1) Purchases of $1 million or more are not subject to an
initial sales charge; however, a CDSC of 1% will be imposed on
such purchases in the event of certain redemption transactions
within 12 months following such purchases (see "Purchases"
below).
(2) The Adviser has voluntarily reduced its management fee with
respect to the Louisiana, Pennsylvania, Texas and Washington
Funds to 0.20%, 0.10%, 0.20% and 0.20% respectively, of each
Fund's average daily net assets for an indefinite period of
time. Absent such reduction, Management Fees would be 0.55%.
(3) Each Fund has adopted a distribution plan for its Class A
shares in accordance with Rule 12b-1 under the Investment
Company Act of 1940, as amended (the "1940 Act"), which
provides that it will pay distribution/service fees aggregating
up to (but not necessarily all of) 0.35% per annum of the net
assets of the Fund attributable to Class A shares. (See
"Distribution Plans" in the Prospectus). Fees payable under
the Class A Distribution Plans will become payable pursuant to
such Plans on such date or dates as the Trustees of the Trust
may determine. After a substantial period of time,
distribution expenses paid under these Plans, together with the
initial sales charge, may total more than the maximum sales
charge would have been permissible if imposed entirely as an
initial sales charge.
(4) The Adviser receives an additional fee in reimbursement of
certain expenses of the Louisiana, Pennsylvania, Texas and
Washington Funds paid by the Adviser. The Adviser has agreed
to voluntarily reduce the expense reimbursement fee from 0.40%
to 0.00% of each Funds average daily net assets for an
indefinite time period. Absent this expense arrangement,
Other Expense for Class A shares would be 0.60%, 0.51%, 0.63%
and 0.63%, respectively, for the Louisiana, Pennsylvania, Texas
and Washington Funds.
(5) Absent a reduction in the Funds' management fees and expense
reimbursement arrangements, Total Operating Expenses for
Class A shares of the Louisiana, Pennsylvania, Texas and
Washington Funds would have been 1.15%, 1.06%, 1.18% and 1.18%,
respectively.
(6) Each Fund has adopted a distribution plan for its Class B
shares in accordance with Rule 12b-1 under the 1940 Act, which
provides that it will pay distribution/service fees aggregating
up to 1.00% per annum of the average net daily assets
attributable to its Class B shares. Except in the case of the
0.25% per annum first year service fee, service fees under a
Fund's Class B Distribution Plans will become payable on such
date or dates as the Trustees of the Trust may determine.
After a substantial period of time, distribution expenses paid
under these Plans, together with any CDSC, may total more than
the maximum sales charge that would have been permissible if
imposed entirely as an initial sales charge.
(7) The Adviser receives an additional fee in reimbursement of
certain expenses of the Louisiana, Pennsylvania, Texas and
Washington Funds paid by the Adviser. The Adviser has agreed
to voluntarily reduce the expense reimbursement fee from 0.40%
to 0.00% of each Funds average daily net assets for an
indefinite time period. Absent this expense arrangement,
Other Expense for Class B shares would be 0.67%, 0.58%, 0.70%
and 0.70%, respectively, for the Louisiana, Pennsylvania, Texas
and Washington Funds.
(8) Absent a reduction in Funds' management fees and expense
reimbursement arrangements, Total Operating Expenses for
Class B shares of the Louisiana, Pennsylvania, Texas and
Washington Funds would have been 2.22%, 2.13%, 2.25% and 2.25%,
respectively.
Example of Expenses
An investor would pay the following dollar amounts of expenses on
a hypothetical $1,000 investment in a Fund, assuming (a) 5% annual
return and (b) redemption at the end of each of the time periods
indicated (unless otherwise noted):
Louisiana Pennsylvania Texas Washington
Fund Fund Fund Fund
Period Class A Class B Class A Class B Class A Class B
Class A Class B
(1) (1) (1) (1)
1 year $ 49 $ 52 $ 12 $ 48 $ 51 $ 11 $49 $52 $12 $49 $52 $12
3 years 54 68 38 51 65 35 54 68 38 54 68 38
5 years 58 86 66 53 81 61 58 86 66 58 86 66
10 years 72 118(2) 118(2) 60 106(2) 106(2) 72 118(2)
118(2) 72 118(2) 118(2)
(1) Assumes no redemption.
(2) Class B shares convert to Class A shares approximately eight
years after purchase; therefore years nine and ten reflect
Class A expenses.
The "Example" set forth above reflects the imposition of the
maximum sales charge and should not be considered a representation
of past or future expenses of a Fund; actual expenses may be
greater or less than those shown.
The date of this Supplement is March 1, 1995
