MFS SERIES TRUST I
497, 1999-12-14
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                              MFS(R) BLUE CHIP FUND

                      Supplement to the Current Prospectus

         The  Board of  Trustees  which  oversees  the MFS Blue  Chip  Fund (the
  "Fund")  decided,  at their  regular  meeting  today,  to  terminate  the Fund
  effective  December  22,  1999,  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 that are  received on or after
  December 8, 1999 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 MFS  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 DECEMBER 8, 1999.

<PAGE>


                       MFS(R) CONVERTIBLE SECURITIES FUND

                      Supplement to the Current Prospectus


         The Board of Trustees  which  oversees the MFS  Convertible  Securities
  Fund (the "Fund")  decided,  at their regular  meeting today, to terminate the
  Fund effective  December 22, 1999, 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 that are  received on or after
  December 8, 1999 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 MFS  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 DECEMBER 8, 1999.



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