<PAGE>
MFS(R) Managed Sectors Fund
MFS(R) Cash Reserve 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) 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) Limited Maturity Fund
MFS(R) Municipal Limited Maturity Fund
MFS(R) Government Mortgage Fund
MFS(R) International Growth Fund
MFS(R) International Growth and Income Fund
MFS/Foreign & Colonial Emerging Markets 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
Massachusetts Investors Trust
MFS(R) Union Standard Equity Fund
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(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)Large Cap Growth Fund
MFS(R)Emerging Growth Fund
MFS(R)Intermediate Income Fund
MFS(R) Charter Income Fund
MFS(R) High Income Fund
MFS(R)High Yield Opportunities Fund
MFS(R)Government Money Market Fund
MFS(R) Money Market Fund
MFS(R) Mid Cap Growth Fund
MFS(R) Research Fund
MFS(R) Total Return Fund
MFS(R)International Opportunities Fund
MFS(R)International Strategic Growth Fund
MFS(R) International Value Fund
MFS(R) 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(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)/F&C Emerging Markets Equity Fund
MFS(R) Strategic Value Fund
MFS(R) Small Cap 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
MFS(R)Union Standard Equity Fund
Massachusetts Investors Trust
Massachusetts Investors Growth Stock Fund
MFS(R)Growth Opportunities Fund
MFS(R)Government Securities Fund
MFS(R)Government Limited Maturity 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) 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
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/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) Income Fund
MFS(R) European Equity Fund
MFS(R) High Yield Fund
MFS(R) Concentrated Growth 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)New York High Income Tax Free Fund
MFS(R)Massachusetts High Income Tax Free 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
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.
<PAGE>
MFS(R)INTERMEDIATE INCOME FUND
Supplement to the Current Prospectus
The Board of Trustees of the MFS Intermediate Income Fund (the "Intermediate
Income Fund"), has approved the reorganization of the Intermediate Income Fund
into the MFS Limited Maturity Fund (the "Limited Maturity Fund"). The proposed
transaction is still subject to approval by Intermediate Income Fund
shareholders at a shareholders' meeting expected to be held in May. No assurance
can be given that the reorganization will occur.
Under the proposed transaction, the Intermediate Income Fund's assets and stated
liabilities would be transferred to the Limited Maturity Fund in return for
shares of the Limited Maturity Fund with equal total net asset value on the
transfer date. These Limited Maturity Fund shares would be distributed pro rata
to shareholders of the Intermediate Income Fund in exchange for their
Intermediate Income Fund shares. Current Intermediate Income Fund shareholders
would thus become shareholders of the Limited Maturity Fund and receive shares
of the Limited Maturity Fund with a total net asset value equal to that of their
shares of the Intermediate Income Fund at the time of the reorganization. The
proposed transaction is expected to be free of federal income taxes to the
Intermediate Income Fund and its shareholders, as well as to the Limited
Maturity Fund.
The investment objective of the Limited Maturity Fund is to provide as high a
level of current income as is believed to be consistent with prudent investment
risk. Protection of shareholders' capital is its secondary objective. The
Limited Maturity Fund primarily invests (with a minimum of 65% of assets) in
corporate bonds of U.S. and foreign issuers, mortgage-backed and asset-backed
securities and U.S. government securities, which are debt securities issued or
guaranteed by the U.S. government, by certain of its agencies, or by various
instrumentalities established or sponsored by the U.S. government. The principal
differences between the Intermediate Income Fund and the Limited Maturity Fund
are that, unlike Intermediate Income Fund, the Limited Maturity Fund is a
diversified fund and does not invest in lower rated bonds or non-dollar
denominated foreign securities.
A full description of the Limited Maturity Fund and the terms of the proposed
reorganization will be contained in a combined prospectus/proxy statement to be
mailed to shareholders of Intermediate Income Fund in April.
In light of the proposed transaction, sales of Intermediate Income Fund shares
are expected to be suspended on or about May 12, 2000.
The Date of this Supplement is February 17, 2000.
<PAGE>
MFS Managed Sectors Fund
MFS Global Asset Allocation Fund
MFS New Discovery Fund
MFS Research Growth and Income Fund
MFS Equity Income Fund
MFS Research International Fund
MFS Strategic Growth Fund
MFS Emerging Growth Fund
MFS Large Cap Growth Fund
MFS Intermediate Income Fund
MFS High Income Fund
MFS Municipal Bond Fund
MFS Mid Cap Growth Fund
MFS Total Return Fund
MFS Research Fund
MFS Global Total Return Fund
MFS Utilities Fund
MFS Global Equity Fund
MFS Global Governments Fund
MFS Capital Opportunities Fund
MFS Strategic Income Fund
MFS Global Growth Fund
MFS Bond Fund
MFS Limited Maturity Fund
MFS Municipal Limited Maturity Fund
MFS Core Growth Fund
MFS High Yield Opportunities Fund
MFS Government Mortgage Fund
MFS International Growth Fund
MFS International Growth and Income Fund
MFS Emerging Markets Equity Fund
MFS Alabama Municipal Bond Fund
MFS Arkansas Municipal Bond Fund
MFS California Municipal Bond Fund
MFS Florida Municipal Bond Fund
MFS Georgia Municipal Bond Fund
MFS Maryland Municipal Bond Fund
MFS Massachusetts Municipal Bond Fund
MFS Mississippi Municipal Bond Fund
MFS New York Municipal Bond Fund
MFS North Carolina Municipal Bond Fund
MFS Pennsylvania Municipal Bond Fund
MFS South Carolina Municipal Bond Fund
MFS Tennessee Municipal Bond Fund
MFS Virginia Municipal Bond Fund
MFS West Virginia Municipal Bond Fund
MFS Municipal Income Fund
MFS Growth Opportunities Fund
MFS Government Securities Fund
Massachusetts Investors Growth Stock Fund
MFS Government Limited Maturity Fund
Massachusetts Investors Trust
MFS Union Standard Equity Fund
MFS Municipal High Income Fund
Supplement to the Current Statement of Additional Information
During the period from March 1, 2000 through April 28, 2000 (unless extended by
MFS Fund Distributors, Inc. ("MFD")) (the "Sales Period"), MFD will pay A. G.
Edwards & Sons, Inc. 100% of the applicable sales charge on sales of Class A
shares of each of the funds listed above (the "Funds") sold by A. G. Edwards &
Sons, Inc. to investors purchasing such Funds through MFS Individual Retirement
Accounts (excluding SEP-IRAs, SAR SEPs and SIMPLE IRAs) ("Eligible IRAs") during
the Sales Period. In addition, MFD will pay A. G. Edwards & Sons, Inc. an
additional commission equal to 0.50% of the net asset value of all of the Class
B shares of the Funds sold by A. G. Edwards & Sons, Inc. to investors purchasing
such Funds through Eligible IRAs during the Sales Period.
Although municipal bond funds, such as the various MFS single-state and other
municipal bond funds listed above, are generally available as an investment
choice for an IRA, they may not be suitable for inclusion in an IRA due to their
tax-exempt nature. A shareholder should consult his or her financial or tax
adviser regarding any such investment.
The date of this Supplement is February 18, 2000.
