<PAGE>
MFS(R) EMERGING MARKETS DEBT FUND
Supplement to the Current Prospectus
The description of portfolio managers under the "Management of the
Funds - Investment Adviser" section is hereby restated as follows:
Emerging Markets Debt Fund - The portfolio manager of the Fund is Matthew W.
Ryan, a Vice President of MFS. Mr. Ryan has been
employed as a portfolio manager of the Fund
since July 24, 1998 and as an analyst by the
Adviser since April 1997. From July 1993 to
March 1997, Mr. Ryan worked as an economist
with the U.S. Executive Director's Office
of the International Monetary Fund. Mr. Ryan
is also a Chartered Financial Analyst.
The date of this Supplement is February 25, 1999.