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Massachusetts Investors Trust
Massachusetts Investors Growth Stock Fund
MFS(R) Capital Growth Fund
MFS(R) Emerging Growth Fund
MFS(R) Gold & Natural Resources Fund
MFS(R) Growth Opportunities Fund
MFS(R) Managed Sectors Fund
MFS(R) OTC Fund
MFS(R) Research Fund
MFS(R) Value Fund
MFS(R) Total Return Fund
MFS(R) Utilities Fund
MFS(R) Bond Fund
MFS(R) Government Mortgage Fund
MFS(R) Government Securities Fund
MFS(R) High Income Fund
MFS(R) Intermediate Income Fund
MFS(R) Strategic Income Fund
MFS(R) Government Limited Maturity Fund
MFS(R) Limited Maturity Fund
MFS(R) World Equity Fund
MFS(R) World Governments Fund
MFS(R) World Growth Fund
MFS(R) World Total Return Fund
MFS(R) World Asset Allocation Fund
MFS(R) Cash Reserve Fund
MFS(R) Government Money Market Fund
MFS(R) Money Market Fund
Supplement to the Current Prospectus
Class A shares of the Fund may be purchased at net asset value by retirement
plans whose third party administrators have entered into an agreement with MFS
Fund Distributors, Inc. ("MFD") or one or more of its affiliates to perform
certain administrative services, subject to certain operational requirements
specified from time to time by MFD or its affiliates.
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 February 1, 1995.
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MFS(R) CASH RESERVE FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MFS(R) TOTAL RETURN FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH FUND
MFS(R) GROWTH OPPORTUNITIES FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH AND INCOME FUND
MFS(R) EMERGING GROWTH FUND
MFS/FOREIGN & COLONIAL EMERGING MARKETS EQUITY FUND
MFS(R) CAPITAL GROWTH FUND
MFS(R) ALABAMA MUNICIPAL BOND FUND
MFS(R) INTERMEDIATE INCOME FUND
MFS(R) ARKANSAS MUNICIPAL BOND FUND
MFS(R) GOLD & NATURAL RESOURCES FUND
MFS(R) CALIFORNIA MUNICIPAL BOND FUND
MFS(R) MANAGED SECTORS FUND
MFS(R) FLORIDA MUNICIPAL BOND FUND
MFS(R) VALUE FUND
MFS(R) GEORGIA MUNICIPAL BOND FUND
MFS(R) UTILITIES FUND
MFS(R) MARYLAND MUNICIPAL BOND FUND
MFS(R) WORLD EQUITY FUND
MFS(R) MASSACHUSETTS MUNICIPAL BOND FUND
MFS(R) WORLD TOTAL RETURN FUND
MFS(R) MISSISSIPPI MUNICIPAL BOND FUND
MFS(R) BOND FUND
MFS(R) NEW YORK MUNICIPAL BOND FUND
MFS(R) LIMITED MATURITY FUND
MFS(R) NORTH CAROLINA MUNICIPAL BOND FUND
MFS(R) GOVERNMENT MORTGAGE FUND
MFS(R) PENNSYLVANIA MUNICIPAL BOND FUND
MFS(R) GOVERNMENT LIMITED MATURITY FUND
MFS(R) SOUTH CAROLINA MUNICIPAL BOND FUND
MFS(R) GOVERNMENT SECURITIES FUND
MFS(R) TENNESSEE MUNICIPAL BOND FUND
MFS(R) HIGH INCOME FUND
MFS(R) VIRGINIA MUNICIPAL BOND FUND
MFS(R) STRATEGIC INCOME FUND
MFS(R) WEST VIRGINIA MUNICIPAL BOND FUND
MFS(R) WORLD GOVERNMENTS FUND
MFS(R) MUNICIPAL LIMITED MATURITY FUND
MFS(R) WORLD GROWTH FUND
MFS(R) MUNICIPAL BOND FUND
MFS(R) OTC FUND
MFS(R) MUNICIPAL INCOME FUND
MFS(R) MUNICIPAL HIGH INCOME FUND
MFS(R) RESEARCH FUND
MFS(R) GOVERNMENT MONEY MARKET FUND
MFS(R) WORLD ASSET ALLOCATION FUND
MASSACHUSETTS INVESTORS TRUST
MFS(R) MONEY MARKET FUND
MFS(R) RESEARCH GROWTH AND INCOME FUND
Supplement to the Current Prospectus
The following information supplements the disclosure found under the
caption "Information Concerning Shares of the Fund - Purchases" in the
Prospectus:
MFS Fund Distributors, Inc. ("MFD"), the distributor of each of the
above-named funds (the "Funds"), has entered into a long-term exclusive
marketing agreement with IBAA Financial Services Corporation ("IBFS"),
pursuant to which MFD has agreed to pay IBFS, as additional
compensation for IBFS' marketing and distribution of the Funds, an
annual amount (subject to a minimum) based upon the value of shares of
the Funds for which IBFS acts as broker-dealer of record plus the value
of shares of the Funds sold by IBFS during such year.
The date of this Supplement is February 1, 1997.
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MFS(R) CASH RESERVE FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH AND INCOME FUND
MFS(R) TOTAL RETURN FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH FUND
MFS(R) GROWTH OPPORTUNITIES FUND
MFS(R) EMERGING GROWTH FUND
MFS(R) ALABAMA MUNICIPAL BOND FUND
MFS(R) CAPITAL GROWTH FUND
MFS(R) ARKANSAS MUNICIPAL BOND FUND
MFS(R) INTERMEDIATE INCOME FUND
MFS(R) CALIFORNIA MUNICIPAL BOND FUND
MASSACHUSETTS INVESTORS TRUST
MFS(R) FLORIDA MUNICIPAL BOND FUND
MFS(R) MANAGED SECTORS FUND
MFS(R) GEORGIA MUNICIPAL BOND FUND
MFS(R) VALUE FUND
MFS(R) MARYLAND MUNICIPAL BOND FUND
MFS(R) UTILITIES FUND
MFS(R) MASSACHUSETTS MUNICIPAL BOND FUND
MFS(R) WORLD EQUITY FUND
MFS(R) MISSISSIPPI MUNICIPAL BOND FUND
MFS(R) WORLD TOTAL RETURN FUND
MFS(R) NEW YORK MUNICIPAL BOND FUND
MFS(R) BOND FUND
MFS(R) NORTH CAROLINA MUNICIPAL BOND FUND
MFS(R) LIMITED MATURITY FUND
MFS(R) PENNSYLVANIA MUNICIPAL BOND FUND
MFS(R) GOVERNMENT MORTGAGE FUND
MFS(R) SOUTH CAROLINA MUNICIPAL BOND FUND
MFS(R) GOVERNMENT LIMITED MATURITY FUND
MFS(R) TENNESSEE MUNICIPAL BOND FUND
MFS(R) GOVERNMENT SECURITIES FUND
MFS(R) VIRGINIA MUNICIPAL BOND FUND
MFS(R) HIGH INCOME FUND
MFS(R) WEST VIRGINIA MUNICIPAL BOND FUND
MFS(R) STRATEGIC INCOME FUND
MFS(R) MUNICIPAL LIMITED MATURITY FUND
MFS(R) WORLD GOVERNMENTS FUND
MFS(R) MUNICIPAL BOND FUND
MFS(R) WORLD GROWTH FUND
MFS(R) MUNICIPAL INCOME FUND
MFS(R) OTC FUND
MFS(R) RESEARCH FUND
MFS/FOREIGN & COLONIAL EMERGING MARKETS EQUITY FUND
MFS(R) WORLD ASSET ALLOCATION FUND
MFS(R) MONEY MARKET FUND
MFS(R) MUNICIPAL HIGH INCOME FUND
MFS(R) GOVERNMENT MONEY MARKET FUND
MFS(R) RESEARCH GROWTH AND INCOME FUND
MFS(R) STRATEGIC GROWTH 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 June 5, 1997.
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MFS CASH RESERVE FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH AND INCOME FUND
MFS TOTAL RETURN FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MFS/FOREIGN & COLONIAL INTERNATIONAL GROWTH FUND
MFS GROWTH OPPORTUNITIES FUND
MFS EMERGING GROWTH FUND
MFS ALABAMA MUNICIPAL BOND FUND
MFS CAPITAL GROWTH FUND
MFS ARKANSAS MUNICIPAL BOND FUND
MFS INTERMEDIATE INCOME FUND
MFS CALIFORNIA MUNICIPAL BOND FUND
MASSACHUSETTS INVESTORS TRUST
MFS FLORIDA MUNICIPAL BOND FUND
MFS MANAGED SECTORS FUND
MFS GEORGIA MUNICIPAL BOND FUND
MFS VALUE FUND
MFS MARYLAND MUNICIPAL BOND FUND
MFS UTILITIES FUND
MFS MASSACHUSETTS MUNICIPAL BOND FUND
MFS WORLD EQUITY FUND
MFS MISSISSIPPI MUNICIPAL BOND FUND
MFS WORLD TOTAL RETURN FUND
MFS NEW YORK MUNICIPAL BOND FUND
MFS BOND FUND
MFS NORTH CAROLINA MUNICIPAL BOND FUND
MFS LIMITED MATURITY FUND
MFS PENNSYLVANIA MUNICIPAL BOND FUND
MFS GOVERNMENT MORTGAGE FUND
MFS SOUTH CAROLINA MUNICIPAL BOND FUND
MFS GOVERNMENT LIMITED MATURITY FUND
MFS TENNESSEE MUNICIPAL BOND FUND
MFS GOVERNMENT SECURITIES FUND
MFS VIRGINIA MUNICIPAL BOND FUND
MFS HIGH INCOME FUND
MFS WEST VIRGINIA MUNICIPAL BOND FUND
MFS STRATEGIC INCOME FUND
MFS MUNICIPAL LIMITED MATURITY FUND
MFS WORLD GOVERNMENTS FUND
MFS MUNICIPAL BOND FUND
MFS WORLD GROWTH FUND
MFS MUNICIPAL INCOME FUND
MFS OTC FUND
MFS RESEARCH FUND
MFS/FOREIGN & COLONIAL EMERGING MARKETS EQUITY FUND
MFS WORLD ASSET ALLOCATION FUND
MFS MONEY MARKET FUND
MFS MUNICIPAL HIGH INCOME FUND
MFS GOVERNMENT MONEY MARKET FUND
MFS RESEARCH GROWTH AND INCOME FUND
MFS STRATEGIC GROWTH FUND
SUPPLEMENT TO THE CURRENT PROSPECTUS
This supplement describes certain changes, effective immediately, to each Fund's
Prospectus.
1. DEFINITION OF "DEALER". As used in the Prospectus and any appendices thereto,
the term "dealer" includes any broker, dealer, bank (including bank trust
departments), registered investment adviser, financial planner and any other
financial institutions having a selling agreement or other similar agreement
with MFS Fund Distributors, Inc. ("MFD"). The use of the defined term "dealer"
does not mean or imply that any such financial intermediary necessarily is a
"dealer" for purposes of any federal or state laws, rules or regulations or any
self-regulatory organization's rules.
2. CHANGES TO SALES CHARGE WAIVER CATEGORIES. Appendix A to the
Prospectus, which describes waivers of sales charges, is amended as follows:
Wrap Account and Fund "Supermarket" Investments. The waiver
category entitled "2. Wrap Account Investments" under "II. Waivers
of Class A Sales Charges" is amended to read in its entirety as
follows:
2. Wrap Account and Fund "Supermarket" Investments Shares
acquired by investments through certain dealers (including
registered investment advisers and financial planners)
which have established certain operational arrangements
with MFD which include a requirement that such shares be
sold for the sole benefit of clients participating in a
"wrap" account, mutual fund "supermarket" account or a
similar program under which such clients pay a fee to such
dealer.
The date of this Supplement is August 8, 1997.
