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MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH AND INCOME FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH FUND
Supplement to the Current Prospectus
The following language deletes and replaces in its entirety the second
sentence under the caption entitled "MFS/Foreign & Colonial International Growth
and Income Fund" on the cover page of the current Prospectus:
The Fund seeks to achieve its investment objective by investing, under
normal market conditions, at least 65% of its total assets in equity securities
of issuers whose principal activities are outside the U.S.
In addition, the following language deletes and replaces in its
entirety the section entitled "International Growth and Income Fund" on page 4
of the current Prospectus:
International Growth and Income Fund - The International Growth and
Income Fund's investment objective is to seek capital appreciation and current
income. The Fund seeks to achieve its objective by investing primarily in equity
securities of issuers whose principal activities are outside the U.S. The Fund
will invest, under normal market conditions, at least 65% of its total assets
(and generally expects to invest a substantial portion of its total assets) in
equity securities of foreign "blue chip" companies and foreign growth companies.
See "Investment Techniques - Foreign Growth Securities" below. The Fund
considers a security to be "blue chip" if the total equity market capitalization
of the issuer is at least U.S. $5 billion. It is expected that the Fund's equity
securities will include securities which pay relatively high current dividends.
The Fund may invest up to 10% of its net assets in securities of
issuers whose principal activities are located in emerging market countries. See
"Investment Techniques - Emerging Market Securities" below.
The description of the portfolio managers under the "Management of the
Funds - Investment Adviser" section beginning on page 15 of the current
Prospectus is hereby revised as follows:
Effective June 1, 1997, June Scott and Ian K. Wright are the
portfolio managers of the MFS/Foreign & Colonial International Growth Fund and
the MFS/Foreign & Colonial International Growth and Income Fund. Mr. Wright
is a Director of the Board of Foreign & Colonial Management Ltd. ("FCM") and
has been employed by FCM as a portfolio manager since 1981. Ms. Scott is a
Global Funds Manager of FCM and has been employed by FCM as a portfolio
manager since 1995. Prior to joining FCM, Ms. Scott completed her MBA at the
London Business School in 1995 and worked as a Quantitative Portfolio Analyst
in the Equity Research Group at J.P. Morgan Investment Management in London
until 1993.
The date of this Supplement is July 1, 1997.
