<PAGE>
MFS(R) MANAGED SECTORS FUND
MFS(R) CASH RESERVE FUND
MFS(R) CORE GROWTH FUND
MFS(R) GLOBAL ASSET ALLOCATION FUND
MFS(R) NEW DISCOVERY FUND
MFS(R) RESEARCH GROWTH AND INCOME FUND
MFS(R) EQUITY INCOME FUND
MFS(R) RESEARCH INTERNATIONAL FUND
MFS(R) STRATEGIC GROWTH FUND
MFS(R) EMERGING GROWTH FUND
MFS(R) LARGE CAP GROWTH FUND
MFS(R) INTERMEDIATE INCOME FUND
MFS(R) CHARTER INCOME FUND
MFS(R) HIGH INCOME FUND
MFS(R) MUNICIPAL HIGH INCOME FUND
MFS(R) HIGH YIELD OPPORTUNITIES FUND
MFS(R) MONEY MARKET FUND
MFS(R) GOVERNMENT MONEY MARKET FUND
MFS(R) MUNICIPAL BOND FUND
MFS(R) MID CAP GROWTH FUND
MFS(R) TOTAL RETURN FUND
MFS(R) RESEARCH FUND
MFS(R) GLOBAL TOTAL RETURN FUND
MFS(R) UTILITIES FUND
MFS(R) GLOBAL EQUITY FUND
MFS(R) GLOBAL GOVERNMENTS FUND
MFS(R) CAPITAL OPPORTUNITIES FUND
MFS(R) STRATEGIC INCOME FUND
MFS(R) GLOBAL GROWTH FUND
MFS(R) BOND FUND
MFS(R) GOVERNMENT MORTGAGE FUND
MFS(R) INTERNATIONAL GROWTH FUND
MFS(R) INTERNATIONAL GROWTH AND INCOME FUND
MFS(R) EMERGING MARKETS EQUITY FUND
MFS(R) UNION STANDARD(R) EQUITY FUND
MFS(R) GROWTH OPPORTUNITIES FUND
MFS(R) GOVERNMENT SECURITIES FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MFS(R) GOVERNMENT LIMITED MATURITY FUND
MASSACHUSETTS INVESTORS TRUST
MFS(R) ALABAMA MUNICIPAL BOND FUND
MFS(R) ARKANSAS MUNICIPAL BOND FUND
MFS(R) CALIFORNIA MUNICIPAL BOND FUND
MFS(R) FLORIDA MUNICIPAL BOND FUND
MFS(R) GEORGIA MUNICIPAL BOND FUND
MFS(R) MARYLAND MUNICIPAL BOND FUND
MFS(R) MASSACHUSETTS MUNICIPAL BOND FUND
MFS(R) MISSISSIPPI MUNICIPAL BOND FUND
MFS(R) NEW YORK MUNICIPAL BOND FUND
MFS(R) NORTH CAROLINA MUNICIPAL BOND FUND
MFS(R) PENNSYLVANIA MUNICIPAL BOND FUND
MFS(R) SOUTH CAROLINA MUNICIPAL BOND FUND
MFS(R) TENNESSEE MUNICIPAL BOND FUND
MFS(R) VIRGINIA MUNICIPAL BOND FUND
MFS(R) WEST VIRGINIA MUNICIPAL BOND FUND
MFS(R) MUNICIPAL INCOME FUND
MFS(R) LIMITED MATURITY FUND
MFS(R) MUNICIPAL LIMITED MATURITY FUND
Supplement to the Current Prospectus and Statement of
Additional Information (the "SAI")
The second, third and fourth categories in the section of the Prospectus
entitled "Purchases Subject to a CDSC (but not an initial sales charge)" or, for
certain funds, in Appendix B of the Prospectus entitled "Sales Charge Categories
Available to Certain Retirement Plans," are hereby restated as follows:
o Investments in class A shares by certain retirement plans subject to ERISA,
if
The retirement plan and/or sponsoring organization participates in the
MFS Fundamental 401(k) Program or any similar recordkeeping system
made available by MFSC (referred to as the MFS participant
recordkeeping system);
The plan establishes an account with MFSC on or after July 1, 1996;
and
The total purchases by the retirement plan (or by multiple plans
maintained by the same plan sponsor) of class A shares of the MFS
Funds will be in the amount of at least $500,000 within a reasonable
period of time, as determined by MFD in its sole discretion.
o Investments in class A shares by certain retirement plans subject to ERISA,
if
The plan establishes an account with MFSC on or after July 1, 1996;
and
The plan has, at the time of purchase, either alone or in aggregate
with other plans maintained by the same plan sponsor, a market value
of $500,000 or more invested in shares of any class or classes of the
MFS Funds.
<PAGE>
The retirement plans will qualify under this category only if the
plans or their sponsoring organization informs MFSC prior to the
purchases that the plans have a market value of $500,000 or more
invested in shares of any class or classes of the MFS Funds; MFSC has
no obligation independently to determine whether such plans qualify
under this category.
o Investment in class A shares by certain retirement plans subject to ERISA,
if
The plan established an account with MFSC between July 1, 1997 and
December 31, 1999;
The plan records are maintained on a pooled basis by MFSC; and
The sponsoring organization demonstrates to the satisfaction of MFD
that, at the time of purchase, the employer has at least 200 eligible
employees and the plan has aggregate assets of at least $2,000,000.
Appendix A to Part II of the SAI is amended to add the following waiver category
under the heading "Waivers of Class A Sales Charges - Retirement Plans":
o Reinvestment of Redemption Proceeds from Class B Shares
Shares acquired by a retirement plan whose sponsoring
organization subscribes to the MFS Participant Recordkeeping
System where the purchase represents the immediate reinvestment
of proceeds from the plan's redemption of its Class B shares of
the MFS Funds and is equal to or exceeds $500,000, either alone
or in aggregate with the current market value of the plan's
existing Class A shares.
Appendix A to Part II of the SAI is amended to add the following two waiver
categories under the heading "Waivers of Class A Sales Charges - Shares redeemed
on account of distributions made under the following circumstances":
o Retirement Plan Recordkeeping Service Agreements
where the retirement plan is, at that time, a party to a
retirement plan recordkeeping or administrative services
agreement with MFD or one of its affiliates pursuant to which
certain of those services are provided by Benefit Services
Corporation or any successor service provider designated by MFD.
where the retirement plan has established an account with MFSC on
or after January 1, 2000 and is, at that time, a party to a
retirement plan recordkeeping or administrative services
agreement with MFD or one of its affiliates pursuant to which
such services are provided with respect to at least $10 million
in plan assets.
Appendix B to Part II of the SAI is amended to restate the second paragraph and
to add a third paragraph under the heading "Dealer Commissions and Concessions -
Class A Shares - Purchases Subject to a CDSC (but not on Initial Sales Charge)":
Except for those employer sponsored retirement plans described below,
for purposes of determining the level of commissions to be paid to
dealers with respect to a shareholder's new investment in class A
shares purchases for each shareholder account (and certain other
accounts for which the shareholder is a record or beneficial holder)
will be aggregated over a 12-month period (commencing from the date of
the first such purchase).
In the case of employer sponsored retirement plans whose account
application or other account establishment paperwork is received in
good order after December 31, 1999, purchases will be aggregated as
described above but the cumulative purchase amount will not be re-set
after the date of the first such purchase.
The date of this Supplement is January 1, 2000.
<PAGE>
MFS(R) SCIENCE AND TECHNOLOGY FUND
MFS(R) INTERNATIONAL OPPORTUNITIES FUND
MFS(R) INTERNATIONAL STRATEGIC GROWTH FUND
MFS(R) INTERNATIONAL VALUE FUND
MFS(R) INTERMEDIATE INVESTMENT GRADE BOND FUND
MFS(R) RESEARCH BOND FUND
MFS(R)NEW YORK HIGH INCOME TAX FREE FUND
MFS(R)MASSACHUSETTS HIGH INCOME TAX FREE FUND
VERTEX CONTRARIAN FUND
MFS(R) MID CAP VALUE FUND
MFS(R) LARGE CAP VALUE FUND
MFS(R) HIGH QUALITY BOND FUND
MFS(R) STRATEGIC VALUE FUND
MFS(R) EMERGING MARKETS DEBT FUND
MFS(R) INCOME FUND
MFS(R) EUROPEAN EQUITY FUND
MFS(R) HIGH YIELD FUND
MFS(R) CONCENTRATED GROWTH FUND
VERTEX ALL CAP FUND
Supplement to the Current Prospectus and Statement of
Additional Information (the "SAI")
The second, third and fourth categories in the section of the Prospectus
entitled "Purchases Subject to a CDSC (but not an initial sales charge)" or, for
certain funds, in Appendix B of the Prospectus entitled "Sales Charge Categories
Available to Certain Retirement Plans," are hereby restated as follows:
o Investments in class A shares by certain retirement plans subject to ERISA,
if
The retirement plan and/or sponsoring organization participates in the
MFS Fundamental 401(k) Program or any similar recordkeeping system
made available by MFSC (referred to as the MFS participant
recordkeeping system);
The plan establishes an account with MFSC on or after July 1, 1996;
and
The total purchases by the retirement plan (or by multiple plans
maintained by the same plan sponsor) of class A shares of the MFS
Funds will be in the amount of at least $500,000 within a reasonable
period of time, as determined by MFD in its sole discretion.
o Investments in class A shares by certain retirement plans subject to ERISA,
if
The plan establishes an account with MFSC on or after July 1, 1996;
and
The plan has, at the time of purchase, either alone or in aggregate
with other plans maintained by the same plan sponsor, a market value
of $500,000 or more invested in shares of any class or classes of the
MFS Funds.
The retirement plans will qualify under this category only if the plans
or their sponsoring organization informs MFSC prior to the purchases
that the plans have a market value of $500,000 or more invested in
shares of any class or classes of the MFS Funds; MFSC has no obligation
independently to determine whether such plans qualify under this
category.
o Investment in class A shares by certain retirement plans subject to ERISA,
if
The plan established an account with MFSC between July 1, 1997 and
December 31, 1999;
The plan records are maintained on a pooled basis by MFSC; and
The sponsoring organization demonstrates to the satisfaction of MFD
that, at the time of purchase, the employer has at least 200 eligible
employees and the plan has aggregate assets of at least $2,000,000.
Appendix A to Part II of the SAI is amended to add the following waiver category
under the heading "Waivers of Class A Sales Charges - Retirement Plans":
o Reinvestment of Redemption Proceeds from Class B Shares
Shares acquired by a retirement plan whose sponsoring
organization subscribes to the MFS Participant Recordkeeping
System where the purchase represents the immediate reinvestment
of proceeds from the plan's redemption of its Class B
<PAGE>
shares of the MFS Funds and is equal to or exceeds $500,000,
either alone or in aggregate with the current market value of the
plan's existing Class A shares.
Appendix A to Part II of the SAI is amended to add the following two waiver
categories under the heading "Waivers of Class A Sales Charges - Shares redeemed
on account of distributions made under the following circumstances":
o Retirement Plan Recordkeeping Service Agreements
where the retirement plan is, at that time, a party to a
retirement plan recordkeeping or administrative services
agreement with MFD or one of its affiliates pursuant to which
certain of those services are provided by Benefit Services
Corporation or any successor service provider designated by MFD.
where the retirement plan has established an account with MFSC on
or after January 1, 2000 and is, at that time, a party to a
retirement plan recordkeeping or administrative services
agreement with MFD or one of its affiliates pursuant to which
such services are provided with respect to at least $10 million
in plan assets.
Appendix B to Part II of the SAI is amended to restate the second paragraph and
to add a third paragraph under the heading "Dealer Commissions and Concessions -
Class A Shares - Purchases Subject to a CDSC (but not on Initial Sales Charge)":
Except for those employer sponsored retirement plans described below,
for purposes of determining the level of commissions to be paid to
dealers with respect to a shareholder's new investment in class A
shares purchases for each shareholder account (and certain other
accounts for which the shareholder is a record or beneficial holder)
will be aggregated over a 12-month period (commencing from the date of
the first such purchase).
In the case of employer sponsored retirement plans whose account
application or other account establishment paperwork is received in
good order after December 31, 1999, purchases will be aggregated as
described above but the cumulative purchase amount will not be re-set
after the date of the first such purchase.
The date of this Supplement is January 1, 2000.
<PAGE>
MFS(R) MANAGED SECTORS FUND
MFS(R) CASH RESERVE FUND
MFS(R) CORE GROWTH FUND
MFS(R) GLOBAL ASSET ALLOCATION FUND
MFS(R) NEW DISCOVERY FUND
MFS(R) RESEARCH GROWTH AND INCOME FUND
MFS(R) EQUITY INCOME FUND
MFS(R) RESEARCH INTERNATIONAL FUND
MFS(R) STRATEGIC GROWTH FUND
MFS(R) EMERGING GROWTH FUND
MFS(R) LARGE CAP GROWTH FUND
MFS(R) INTERMEDIATE INCOME FUND
MFS(R) CHARTER INCOME FUND
MFS(R) HIGH INCOME FUND
MFS(R) MUNICIPAL HIGH INCOME FUND
MFS(R) HIGH YIELD OPPORTUNITIES FUND
MFS(R) MONEY MARKET FUND
MFS(R) GOVERNMENT MONEY MARKET FUND
MFS(R) MUNICIPAL BOND FUND
MFS(R) MID CAP GROWTH FUND
MFS(R) TOTAL RETURN FUND
MFS(R) RESEARCH FUND
MFS(R) GLOBAL TOTAL RETURN FUND
MFS(R) UTILITIES FUND
MFS(R) GLOBAL EQUITY FUND
MFS(R) GLOBAL GOVERNMENTS FUND
MFS(R) CAPITAL OPPORTUNITIES FUND
MFS(R) STRATEGIC INCOME FUND
MFS(R) GLOBAL GROWTH FUND
MFS(R) BOND FUND
MFS(R) INTERNATIONAL OPPORTUNITIES FUND
MFS(R) INTERNATIONAL STRATEGIC GROWTH FUND
MFS(R) INTERNATIONAL VALUE FUND
MFS(R) INTERMEDIATE INVESTMENT GRADE BOND FUND
MFS(R) RESEARCH BOND FUND
MFS(R) NEW YORK HIGH INCOME TAX FREE FUND
MFS(R) MASSACHUSETTS HIGH INCOME TAX FREE FUND
VERTEX CONTRARIAN FUND
VERTEX ALL CAP FUND
MFS(R) GOVERNMENT MORTGAGE FUND
MFS(R) INTERNATIONAL GROWTH FUND
MFS(R) INTERNATIONAL GROWTH AND INCOME FUND
MFS(R) EMERGING MARKETS EQUITY FUND
MFS(R) UNION STANDARD(R) EQUITY FUND
MFS(R) GROWTH OPPORTUNITIES FUND
MFS(R) GOVERNMENT SECURITIES FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MFS(R) GOVERNMENT LIMITED MATURITY FUND
MASSACHUSETTS INVESTORS TRUST
MFS(R) ALABAMA MUNICIPAL BOND FUND
MFS(R) ARKANSAS MUNICIPAL BOND FUND
MFS(R) CALIFORNIA MUNICIPAL BOND FUND
MFS(R) FLORIDA MUNICIPAL BOND FUND
MFS(R) GEORGIA MUNICIPAL BOND FUND
MFS(R) MARYLAND MUNICIPAL BOND FUND
MFS(R) MASSACHUSETTS MUNICIPAL BOND FUND
MFS(R) MISSISSIPPI MUNICIPAL BOND FUND
MFS(R) NEW YORK MUNICIPAL BOND FUND
MFS(R) NORTH CAROLINA MUNICIPAL BOND FUND
MFS(R) PENNSYLVANIA MUNICIPAL BOND FUND
MFS(R) SOUTH CAROLINA MUNICIPAL BOND FUND
MFS(R) TENNESSEE MUNICIPAL BOND FUND
MFS(R) VIRGINIA MUNICIPAL BOND FUND
MFS(R) WEST VIRGINIA MUNICIPAL BOND FUND
MFS(R) MUNICIPAL INCOME FUND
MFS(R) LIMITED MATURITY FUND
MFS(R) MUNICIPAL LIMITED MATURITY FUND
MFS(R) TECHNOLOGY FUND
MFS(R) MID CAP VALUE FUND
MFS(R) LARGE CAP VALUE FUND
MFS(R) HIGH QUALITY BOND FUND
MFS(R) STRATEGIC VALUE FUND
MFS(R) EMERGING MARKETS DEBT FUND
MFS(R) INCOME FUND
MFS(R) EUROPEAN EQUITY FUND
MFS(R) HIGH YIELD FUND
MFS(R) CONCENTRATED GROWTH FUND
Supplement to the Statement of Additional Information (the "SAI") Part II
Effective April 1, 2000, the SAI Part II, Section III "Distribution Plan", under
the heading "Class A Shares", is hereby restated to insert the following
disclosure between the second and third paragraphs:
In the case of a retirement plan (or multiple plans maintained by the same
plan sponsor) which has established accounts with MFSC, on or after April 1,
2000 and is, at that time, a party to a retirement plan recordkeeping or
administrative services agreement with MFD or one of its affiliates pursuant to
which such services are provided with respect to at least $10 million in plan
assets, MFD may retain the service fee paid by the fund with respect to shares
purchased by such plan for the first year after purchase. Dealers will become
eligible to receive the ongoing applicable service fee with respect to such
shares commencing in the 13th month following purchase.
The date of this Supplement is April 10, 2000
<PAGE>
MFS(R) MANAGED SECTORS FUND
MFS(R) CASH RESERVE FUND
MFS(R) GLOBAL ASSET ALLOCATION FUND
MFS(R) STRATEGIC GROWTH FUND *
MFS(R) RESEARCH GROWTH AND INCOME FUND
MFS(R) CORE GROWTH FUND
MFS(R) EQUITY INCOME FUND
MFS(R) NEW DISCOVERY FUND
MFS(R) RESEARCH INTERNATIONAL FUND
MFS(R) TECHNOLOGY FUND
MFS(R) GLOBAL TELECOMMUNICATIONS FUND
MFS(R) EMERGING GROWTH FUND *
MFS(R) LARGE CAP GROWTH FUND
MFS(R) HIGH INCOME FUND
MFS(R) MUNICIPAL HIGH INCOME FUND
MFS(R) HIGH YIELD OPPORTUNITIES FUND
MFS(R) MONEY MARKET FUND
MFS(R) GOVERNMENT MONEY MARKET FUND
MFS(R) MUNICIPAL BOND FUND
MFS(R) MID CAP GROWTH FUND *
MFS(R)TOTAL RETURN FUND *
MFS(R)RESEARCH FUND *
MFS(R) INTERNATIONAL NEW DISCOVERY FUND
MFS(R) GLOBAL TOTAL RETURN FUND
MFS(R) UTILITIES FUND
MFS(R) GLOBAL EQUITY FUND *
MFS(R) GLOBAL GOVERNMENTS FUND
MFS(R) CAPITAL OPPORTUNITIES FUND *
MFS(R) STRATEGIC INCOME FUND
MFS(R) GLOBAL GROWTH FUND
MFS(R)BOND FUND *
MFS(R)LIMITED MATURITY FUND *
MFS(R) MUNICIPAL LIMITED MATURITY FUND
MFS(R) GOVERNMENT MORTGAGE FUND
MFS(R) EMERGING MARKETS EQUITY FUND
MFS(R) INTERNATIONAL GROWTH FUND
MFS(R) INTERNATIONAL GROWTH AND INCOME FUND
MFS(R) UNION STANDARD EQUITY FUND
MFS(R) GROWTH OPPORTUNITIES FUND
MFS(R) GOVERNMENT SECURITIES FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND *
MFS(R)GOVERNMENT LIMITED MATURITY FUND
MASSACHUSETTS INVESTORS TRUST *
MFS(R) ALABAMA MUNICIPAL BOND FUND
MFS(R) ARKANSAS MUNICIPAL BOND FUND
MFS(R) CALIFORNIA MUNICIPAL BOND FUND
MFS(R) FLORIDA MUNICIPAL BOND FUND
MFS(R) GEORGIA MUNICIPAL BOND FUND
MFS(R) MARYLAND MUNICIPAL BOND FUND
MFS(R) MASSACHUSETTS MUNICIPAL BOND FUND
MFS(R) MISSISSIPPI MUNICIPAL BOND FUND
MFS(R) NEW YORK MUNICIPAL BOND FUND
NFS(R) NORTH CAROLINA MUNICIPAL BOND FUND
MFS(R) PENNSYLVANIA MUNICIPAL BOND FUND
MFS(R) SOUTH CAROLINA MUNICIPAL BOND FUND
MFS(R) TENNESSEE MUNICIPAL BOND FUND
MFS(R) VIRGINIA MUNICIPAL BOND FUND
MFS(R) WEST VIRGINIA MUNICIPAL BOND FUND
MFS(R) MUNICIPAL INCOME FUND
Supplement to the Current Statement of Additional Information (the "SAI")
Appendix A to Part II of the SAI is hereby amended to add the following Section
529 Plans waiver category and to expand the Retirement Plans category under the
heading "WAIVERS OF CLASS A SALES CHARGES":
Section 529 Plans
Shares acquired by college savings plans qualified under Section 529 of the
Internal Revenue Code whose sponsors or administrators have entered into an
agreement with MFD or one of its affiliates to perform certain administrative or
investment advisory services.
Retirement Plans
o MFS Prototype IRAs
Shares acquired by the IRA owner if: (i) the purchase represents the timely
rollover of distribution proceeds from a retirement plan or trust which is
currently a party to a retirement plan recordkeeping or administrative
services agreement with MFD or one of its affiliates and (ii) such
distribution proceeds result from the redemption of the retirement plan's
Class B shares of the MFS Funds or liquidation of plan investments other
than the MFS Funds for which retirement plan recordkeeping services are
provided under the terms of such agreement.
The date of this Supplement is November 1, 2000.
* El presente Suplemento tambien se encuentran disponible en espanol. Solicite
un ejemplar a un representante de servicio de MFS llamando al 1-800-225-2606. En
el caso de discrepancias entre las versiones en ingles y en espanol, se
considerara valida la version en ingles.
<PAGE>
MFS(R) Managed Sectors Fund
MFS(R) Limited Maturity Fund
MFS(R) Cash Reserve Fund
MFS(R) Municipal Limited Maturity Fund
MFS(R) Global Asset Allocation Fund
MFS(R) Government Mortgage Fund
MFS(R) New Discovery Fund
MFS(R) International Growth Fund
MFS(R) Research Growth and Income Fund
MFS(R) International Growth and Income Fund
MFS(R) Equity Income Fund
MFS(R)/Foreign & Colonial Emerging Markets Equity Fund
MFS(R) Research International Fund
MFS(R) Strategic Growth Fund
MFS(R) Emerging Growth Fund
MFS(R) Large Cap Growth Fund
MFS(R) Intermediate Income Fund
MFS(R) High Income Fund
MFS(R) Municipal High Income Fund
MFS(R) High Yield Opportunities Fund
MFS(R) Money Market Fund
MFS(R) Government Money Market Fund
MFS(R) Municipal Bond Fund
MFS(R) Mid Cap Growth Fund
MFS(R) Total Return Fund
MFS(R) Research Fund
MFS(R) Global Total Return Fund
MFS(R) Utilities Fund
MFS(R) Municipal Income Fund
MFS(R) Global Equity Fund
MFS(R) Growth Opportunities Fund
MFS(R) Global Governments Fund
MFS(R) Government Securities Fund
MFS(R) Capital Opportunities Fund
Massachusetts Investors Growth Stock Fund
MFS(R) Strategic Income Fund
MFS(R) Government Limited Maturity Fund
MFS(R) Global Growth Fund
Massachusetts Investors Trust
MFS(R) Bond Fund
MFS(R) Union Standard Equity Fund
MFS(R) Municipal State Funds:
AL, AR, CA, FL, GA, MD, MA, MS, NY,
NC, PA, SC, TN, VA, WV
SUPPLEMENT TO THE CURRENT PROSPECTUS
Until terminated by MFS Fund Distributors, Inc. ("MFD"), the Funds' distributor,
MFD will incur, on behalf of H. D. Vest Investment Securities, Inc., the initial
ticket charge of $15 with respect to purchases of shares of any MFS fund made
through VESTADVISOR accounts. 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 September 15, 1998.
<PAGE>
MFS(R) Managed Sectors Fund
MFS(R) Cash Reserve Fund
MFS(R) Global Asset Allocation Fund
MFS(R) Core Growth Fund
MFS Convertible Securities Fund
MFS Blue Chip Fund
MFS Science and Technology Fund
MFS(R) New Discovery Fund
MFS(R) Research Growth and Income Fund
MFS(R) Equity Income Fund
MFS(R) Research International Fund
MFS(R) Strategic Growth Fund
MFS(R) Emerging Growth Fund
MFS(R) Large Cap Growth Fund
MFS Intermediate Income Fund
MFS(R) Charter Income Fund
MFS(R) High Income Fund
MFS(R) High Yield Opportunities Fund
MFS(R) Money Market Fund
MFS(R) Government Money Market Fund
MFS(R) Mid Cap Growth Fund
MFS(R) Total Return Fund
MFS(R) Research Fund
MFS International Opportunities Fund
MFS International Strategic Growth Fund
MFS Government Limited Maturity Fund
MFS International Value Fund
MFS Utilities Fund
MFS(R) Global Total Return Fund
MFS(R) Global Equity Fund
MFS(R) Global Governments Fund
MFS(R) Capital Opportunities Fund
MFS(R) Strategic Income Fund
MFS(R) Global Growth Fund
MFS(R) Bond Fund
MFS(R) Limited Maturity Fund
MFS Intermediate Investment Grade Bond Fund
MFS Research Bond Fund
MFS Mid Cap Value Fund
MFS Large Cap Value Fund
MFS High Quality Bond Fund
MFS(R) Government Mortgage Fund
MFS(R) International Growth Fund
MFS(R) International Growth and Income Fund
MFS(R)/F&C Emerging Markets Equity Fund
MFS Strategic Value Fund
MFS Small Cap Value Fund
MFS Emerging Markets Debt Fund
Massachusetts Investors Trust
Massachusetts Investors Growth Stock Fund
MFS Growth Opportunities Fund
MFS Government Securities Fund
MFS(R) Union Standard Equity Fund
Supplement to the Current Prospectus
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 August 1, 1999.
<PAGE>
MFS(R) Managed Sectors Fund
MFS(R) Cash Reserve Fund
MFS(R) Global Asset Allocation Fund
MFS(R) Strategic Growth Fund
MFS(R) Research Growth and Income Fund
MFS(R) Core Growth Fund
MFS(R) Equity Income Fund
MFS(R) New Discovery Fund
MFS(R) Research International Fund
MFS(R) Technology Fund
MFS(R) Global Telecommunications Fund
MFS(R) Emerging Growth Fund
MFS(R) Large Cap Growth Fund
MFS(R) Charter Income Fund
MFS(R) Global Governments Fund
MFS(R) Capital Opportunities Fund
MFS(R) Global Total Return Fund
MFS(R) Utilities Fund
MFS(R) Global Equity Fund
MFS(R) Bond Fund
MFS(R) Limited Maturity Fund
MFS(R) High Income Fund
MFS(R) High Yield Opportunities Fund
MFS(R) Strategic Income Fund
Massachusetts Investors Growth Stock Fund
Massachusetts Investors Trust
MFS(R) Government Limited Maturity Fund
MFS(R) Global Growth Fund
MFS(R) Money Market Fund
MFS(R) Government Money Market Fund
MFS(R) Mid Cap Growth Fund
MFS(R) Research Fund
MFS(R) Total Return Fund
MFS(R) Government Mortgage Fund
MFS(R) Emerging Markets Equity Fund
MFS(R) International Growth and Income Fund
MFS(R) International Growth Fund
MFS(R) Growth Opportunities Fund
MFS(R) Union Standard Equity Fund
MFS(R) Government Securities Fund
Supplement to the Current Prospectus
The following provisions shall apply to any retirement plan (each a "Merrill
Lynch Daily K Plan") whose records are maintained on a daily valuation basis by
either Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch"), or
by an independent recordkeeper (an "Independent Recordkeeper") whose services
are provided through a contract or alliance arrangement with Merrill Lynch, and
with respect to which the sponsor of such plan has entered into a recordkeeping
service agreement with Merrill Lynch (a "Merrill Lynch Recordkeeping
Agreement").
The initial sales charge imposed on purchases of Class A shares of the Funds,
and the contingent deferred sales charge ("CDSC") imposed on certain redemptions
of Class A shares of the Funds, is waived in the following circumstances with
respect to a Merrill Lynch Daily K Plan:
(i) if, on the date the Plan sponsor signs the Merrill Lynch
Recordkeeping Agreement, such Plan has $3 million or more in
assets invested in broker-dealer sold funds not advised or
managed by Merrill Lynch Asset Management L.P. ("MLAM") that are
made available pursuant to agreements between Merrill Lynch and
such funds' principal underwriters or distributors, and in funds
advised or managed by MLAM (collectively, the "Applicable
Investments"); or
(ii) if such Plan's records are maintained by an Independent
Recordkeeper and, on the date the Plan sponsor signs the Merrill
Lynch Recordkeeping Agreement, such Plan has $3 million or more
in assets, excluding money market funds, invested in Applicable
Investments; or
(iii) such Plan has 500 or more eligible employees, as determined by
the Merrill Lynch plan conversion manager on the date the Plan
sponsor signs the Merrill Lynch Recordkeeping Agreement.
The CDSC imposed on redemptions of Class B shares of the Fund is waived in the
following circumstances with respect to a Merrill Lynch Daily K Plan:
(i) if, on the date the Plan sponsor signs the Merrill Lynch
Recordkeeping Agreement, such Plan has less than $3 million in
assets invested in Applicable Investments;
(ii) if such Plan's records are maintained by an independent
recordkeeper and, on the date the Plan sponsor signs the Merrill
Lynch Recordkeeping Agreement, such Plan has less than $3 million
dollars in assets, excluding money market funds, invested in
Applicable Investments; or
(iii) such Plan has fewer than 500 eligible employees, as determined by
the Merrill Lynch plan conversion manager on the date the Plan
sponsor signs the Merrill Lynch Recordkeeping Agreement.
No front-end commissions are paid with respect to any Class A or Class B shares
of the Fund purchased by any Merrill Lynch Daily K Plan.
The date of this Supplement is August 1, 1999.
<PAGE>
MFS(R) Managed Sectors Fund
MFS(R) Cash Reserve Fund
MFS(R) Global Asset Allocation Fund
MFS(R) Core Growth Fund
MFS(R) Convertible Securities Fund
MFS(R) Blue Chip Fund
MFS(R) Science and Technology Fund
MFS(R) New Discovery Fund
MFS(R)Research Growth and Income Fund
MFS(R) Equity Income Fund
MFS(R) Research International Fund
MFS(R) Strategic Growth Fund
MFS(R) Emerging Growth Fund
MFS(R) Large Cap Growth Fund
MFS(R) Intermediate Income Fund
MFS(R) Charter Income Fund
MFS(R) High Income Fund
MFS(R) Municipal High Income Fund
MFS(R) High Yield Opportunities Fund
MFS(R) Money Market Fund
MFS(R) Government Money Market Fund
MFS(R) Municipal Bond Fund
MFS(R) Mid Cap Growth Fund
MFS(R) Total Return Fund
MFS(R) Research Fund
MFS(R)International Opportunities Fund
MFS(R)International Strategic Growth Fund
MFS(R) International Value Fund
MFS(R) Global Total Return Fund
MFS(R) Utilities Fund
MFS(R) Global Equity Fund
MFS(R) Global Governments Fund
MFS(R) Capital Opportunities Fund
MFS(R) Strategic Income Fund
MFS(R) Global Growth Fund
MFS(R) Bond Fund
MFS(R) Limited Maturity Fund
Massachusetts Investors Trust
MFS(R)Municipal Limited Maturity Fund
MFS(R)Intermediate Investment Grade Bond Fund
MFS(R) Research Bond Fund
MFS(R) Mid Cap Value Fund
MFS(R) Large Cap Value Fund
MFS(R) High Quality Bond Fund
MFS(R) Government Mortgage Fund
MFS(R) International Growth Fund
MFS(R)International Growth and Income Fund
MFS(R)/Foreign & Colonial Emerging Markets Equity Fund
MFS(R) Strategic Value Fund
MFS(R) Small Cap Value Fund
MFS(R) Emerging Markets Debt Fund
MFS(R) Union Standard Equity Fund
MFS(R) Alabama Municipal Bond Fund
MFS(R)Arkansas Municipal Bond Fund
MFS(R)California Municipal Bond Fund
MFS(R) Florida Municipal Bond Fund
MFS(R) Georgia Municipal Bond Fund
MFS(R)Maryland Municipal Bond Fund
MFS(R)Massachusetts Municipal Bond Fund
MFS(R)Mississippi Municipal Bond Fund
MFS(R)New York Municipal Bond Fund
MFS(R)North Carolina Municipal Bond Fund
MFS(R)Pennsylvania Municipal Bond Fund
MFS(R)South Carolina Municipal Bond Fund
MFS(R)Tennessee Municipal Bond Fund
MFS(R)Virginia Municipal Bond Fund
MFS(R) West Virginia Municipal Bond Fund
MFS(R) Municipal Income Fund
MFS(R) Growth Opportunities Fund
MFS(R) Government Securities Fund
Massachusetts Investors Growth Stock Fund
MFS(R)Government Limited Maturity Fund
Supplement to the Current Prospectus
Until terminated 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 August 1, 1999.
