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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(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.
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MFS(R) CASH RESERVE FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MFS(R) TOTAL RETURN FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH FUND
MFS(R) GROWTH OPPORTUNITIES FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH AND INCOME FUND
MFS(R) EMERGING GROWTH FUND
MFS/FOREIGN & COLONIAL EMERGING MARKETS EQUITY FUND
MFS(R) CAPITAL GROWTH FUND
MFS(R) ALABAMA MUNICIPAL BOND FUND
MFS(R) INTERMEDIATE INCOME FUND
MFS(R) ARKANSAS MUNICIPAL BOND FUND
MFS(R) GOLD & NATURAL RESOURCES FUND
MFS(R) CALIFORNIA MUNICIPAL BOND FUND
MFS(R) MANAGED SECTORS FUND
MFS(R) FLORIDA MUNICIPAL BOND FUND
MFS(R) VALUE FUND
MFS(R) GEORGIA MUNICIPAL BOND FUND
MFS(R) UTILITIES FUND
MFS(R) MARYLAND MUNICIPAL BOND FUND
MFS(R) WORLD EQUITY FUND
MFS(R) MASSACHUSETTS MUNICIPAL BOND FUND
MFS(R) WORLD TOTAL RETURN FUND
MFS(R) MISSISSIPPI MUNICIPAL BOND FUND
MFS(R) BOND FUND
MFS(R) NEW YORK MUNICIPAL BOND FUND
MFS(R) LIMITED MATURITY FUND
MFS(R) NORTH CAROLINA MUNICIPAL BOND FUND
MFS(R) GOVERNMENT MORTGAGE FUND
MFS(R) PENNSYLVANIA MUNICIPAL BOND FUND
MFS(R) GOVERNMENT LIMITED MATURITY FUND
MFS(R) SOUTH CAROLINA MUNICIPAL BOND FUND
MFS(R) GOVERNMENT SECURITIES FUND
MFS(R) TENNESSEE MUNICIPAL BOND FUND
MFS(R) HIGH INCOME FUND
MFS(R) VIRGINIA MUNICIPAL BOND FUND
MFS(R) STRATEGIC INCOME FUND
MFS(R) WEST VIRGINIA MUNICIPAL BOND FUND
MFS(R) WORLD GOVERNMENTS FUND
MFS(R) MUNICIPAL LIMITED MATURITY FUND
MFS(R) WORLD GROWTH FUND
MFS(R) MUNICIPAL BOND FUND
MFS(R) OTC FUND
MFS(R) MUNICIPAL INCOME FUND
MFS(R) MUNICIPAL HIGH INCOME FUND
MFS(R) RESEARCH FUND
MFS(R) GOVERNMENT MONEY MARKET FUND
MFS(R) WORLD ASSET ALLOCATION FUND
MASSACHUSETTS INVESTORS TRUST
MFS(R) 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 long-term exclusive
marketing agreement with IBAA Financial Services Corporation ("IBFS"),
pursuant to which MFD has agreed to pay IBFS, as additional
compensation for IBFS' marketing and distribution of the Funds, 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 September 15, 1996.
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MFS(R) Managed Sectors Fund
MFS(R) Limited Maturity Fund
MFS(R) Cash Reserve Fund
MFS(R) Municipal Limited Maturity Fund
MFS(R) World Asset Allocation Fund
MFS(R) Government Mortgage Fund
MFS(R) Emerging Growth Fund
MFS/Foreign & Colonial International Growth Fund
MFS(R) Capital Growth Fund
MFS/Foreign & Colonial International Growth and Income Fund
MFS(R) Gold & Natural Resources Fund
MFS/Foreign & Colonial Emerging Growth Fund
MFS (R) Intermediate Income Fund
MFS(R) Alabama Municipal Bond Fund
MFS(R) Municipal High Income Fund
MFS(R) Arkansas Municipal Bond Fund
MFS(R) Money Market Fund
MFS(R) California Municipal Bond Fund
MFS(R) Government Money Market Fund
MFS(R) Florida Municipal Bond Fund
MFS(R) Municipal Bond Fund
MFS(R) Georgia Municipal Bond Fund
MFS(R) Total Return Fund
MFS(R) Maryland Municipal Bond Fund
MFS(R) Research Fund
MFS(R) Massachusetts Municipal Bond Fund
MFS(R) World Total Return Fund
MFS(R) Mississippi Municipal Bond Fund
MFS(R) Utilities Fund
MFS(R) New York Municipal Bond Fund
MFS(R) World Equity Fund
MFS(R) North Carolina Municipal Bond Fund
MFS(R) World Governments Fund
MFS(R) Pennsylvania Municipal Bond Fund
MFS(R) Value Fund
MFS(R) South Carolina Municipal Bond Fund
MFS(R) Strategic Income Fund
MFS(R) Tennessee Municipal Bond Fund
MFS(R) Growth Opportunities Fund
MFS(R) Virginia Municipal Bond Fund
Massachusetts Investors Growth Stock Fund
MFS(R) West Virginia Municipal Bond Fund
Massachusetts Investors Trust
MFS(R) Municipal Income Fund
MFS(R) World Growth Fund
MFS(R) Government Securities Fund
MFS(R) Bond Fund
MFS(R) Government Limited Maturity Fund
Supplement to the Current Prospectus
Each Fund has adopted a new market timing policy which will replace, effective
January 1, 1997, its current policy as disclosed under the heading "Information
Concerning Shares of the Fund - Purchases - General - Right to Reject Purchase
Orders/Market Timing" in the Prospectus. The new policy is as follows:
Right to Reject Purchase Orders/Market Timing: Purchases and exchanges
should be made for investment purposes only. The Fund and MFD each
reserve the right to reject or restrict any specific purchase or
exchange request. In the event that the Fund or MFD rejects an exchange
request, neither the redemption nor the purchase side of the exchange
will be processed.
The Fund is not designed for professional market timing organizations
or other entities using programmed or frequent exchanges. The Fund
defines a "market timer" as an individual, or organization acting on
behalf of one or more individuals, if (i) the individual or
organization makes three or more exchange requests out of the Fund per
calendar year and (ii) any one of such exchange requests represents
shares equal in value to 1/2 of 1% or more of the Fund's net assets at
the time of the request. Accounts under common ownership or control,
including accounts administered by market timers, will be aggregated
for purposes of this definition.
As noted above, the Fund and MFD each reserve the right to reject or
restrict any specific purchase and exchange request and, in addition,
may impose specific limitations with respect to market timers,
including delaying for up to seven days the purchase side of an
exchange request by market timers or specifically rejecting or
otherwise restricting purchase or exchange requests by market timers.
Other funds in the MFS Family of Funds may have different and/or more
or less restrictive policies with respect to market timers than the
Fund. These policies are disclosed in the prospectuses of these other
MFS Funds.
The date of this Supplement is January 1, 1997.
