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MFS(R) REAL ESTATE INVESTMENT FUND
Supplement to Prospectus dated March 17, 1998
The Board of Trustees which oversees the MFS(R) Real Estate Investment
Fund (the "Fund") decided yesterday to terminate the Fund effective October 30,
1998, or as soon thereafter as practicable (the "Termination Date"). In
connection with the termination of the Fund, the Board of Trustees has suspended
the sale of the Fund's shares effective immediately. Consequently, purchase
orders for Fund shares received on or after October 14, 1998 will be rejected by
the Fund.
Enclosed is a formal Notice of Termination which is designed to answer
any questions concerning the Fund's termination. As described more fully in this
Notice, until the Termination Date, shareholders may choose to redeem their Fund
shares or exchange their shares for shares of the same class of any fund in the
MFS Family of Funds(R) which permits exchanges at such fund's then current net
asset value. If a shareholder takes no action, his or her shares will
automatically be exchanged on the Termination Date for shares of the MFS(R)
Money Market Fund ("MMM").
MMM, a member of the Family of Funds, seeks to provide as high a level
of current income as is consistent with the preservation of capital and
liquidity. MMM's prospectus is enclosed with the Notice of Termination.
THE DATE OF THIS SUPPLEMENT IS OCTOBER 15, 1998
