MFS SERIES TRUST I
497, 1998-10-02
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                       MFS(R) Real Estate Investment Fund

                        Supplement to Current Prospectus


         The Board of Trustees  responsible  for overseeing the Fund is expected
to  consider  at its next  regular  meeting on October  14,  1998 a proposal  to
terminate  and  liquidate  the  Fund,  effective  October  31,  1998  or as soon
thereafter  as is  practicable  (the  "Termination  Date").  If the  proposal is
approved  by the Board,  sales of shares of the Fund will be  suspended  and any
shareholder  who has not redeemed or exchanged  all shares in his or her account
by the Termination Date will have his or her shares  automatically  exchanged on
the Termination Date for shares of MFS Money Market Fund.


                 The date of this Supplement is October 2, 1998




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