<PAGE> PAGE 1
000 B000000 10/31/95
000 C000000 0000856128
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 2.2
000 J000000 A
001 A000000 MFS SPECIAL VALUE TRUST
001 B000000 811-5912
001 C000000 6179545000
002 A000000 500 BOYLSTON STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
008 A000001 MASSACHUSETTS FINANCIAL SERVICES COMPANY
008 B000001 A
008 C000001 801-17352
008 D010001 BOSTON
008 D020001 MA
008 D030001 02116
012 A000001 MFS SERVICE CENTER, INC.
012 B000001 84-1316
012 C010001 BOSTON
012 C020001 MA
012 C030001 02116
013 A000001 ERNST & YOUNG LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02116
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
015 A000002 CHASE MANHATTAN BANK, N.A.
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10081
015 E040002 X
015 A000003 THE BANK OF NEW YORK
015 B000003 S
<PAGE> PAGE 2
015 C010003 NEW YORK
015 C020003 NY
015 C030003 10286
015 E010003 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 MORGAN STANLEY
020 B000001 13-2655998
020 C000001 11
020 A000002 CS FIRST BOSTON CORP.
020 B000002 13-5659485
020 C000002 10
020 A000003 INSTINET CORP.
020 B000003 13-3443395
020 C000003 9
020 A000004 DONALDSON LUFKIN
020 B000004 13-2741729
020 C000004 9
020 A000005 PAINE WEBBER
020 B000005 13-2638166
020 C000005 9
020 A000006 WEEDEN & COMPANY
020 B000006 04-2579802
020 C000006 7
020 A000007 C.J. LAWRENCE
020 B000007 00-0000000
020 C000007 7
020 A000008 ALEX BROWN & SONS
020 B000008 52-1319768
020 C000008 6
020 A000009 MERRILL LYNCH & CO.
020 B000009 13-5674085
020 C000009 6
020 A000010 JEFFRIES & COMPANY
020 B000010 95-2622900
020 C000010 6
021 000000 155
022 A000001 LEHMAN BROTHERS
022 B000001 13-2518466
022 C000001 589472
022 D000001 2271
022 A000002 PRUDENTIAL SECURITIES
022 B000002 22-2347336
022 C000002 264563
022 D000002 728
022 A000003 J.P. MORGAN SECURITIES
022 B000003 13-3224016
022 C000003 86798
022 D000003 0
022 A000004 GRANTCHESTER SECURITIES
<PAGE> PAGE 3
022 B000004 13-3502273
022 C000004 1584
022 D000004 4649
022 A000005 CS FIRST BOSTON
022 B000005 13-5659485
022 C000005 1907
022 D000005 3668
022 A000006 SALOMON BROTHERS INC.
022 B000006 13-3082694
022 C000006 3789
022 D000006 1695
022 A000007 DONALDSON LUFKIN SECURITIES
022 B000007 13-2741729
022 C000007 2270
022 D000007 3207
022 A000008 MORGAN STANLEY & CO.
022 B000008 13+265599
022 C000008 1766
022 D000008 1918
022 A000009 MERRILL LYNCH & CO.
022 B000009 13-5674082
022 C000009 1072
022 D000009 1953
022 A000010 SMITH BARNEY
022 B000010 13-1912900
022 C000010 1520
022 D000010 1455
023 C000000 966943
023 D000000 30891
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
045 000000 Y
046 000000 N
047 000000 N
<PAGE> PAGE 4
048 000000 0.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 Y
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 N
053 C000000 Y
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 Y
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
<PAGE> PAGE 5
060 A000000 N
060 B000000 N
061 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
<PAGE> PAGE 6
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 68367
071 B000000 73249
071 C000000 73945
071 D000000 92
072 A000000 12
072 B000000 1631
072 C000000 575
072 D000000 0
072 E000000 -19
072 F000000 608
072 G000000 0
072 H000000 0
072 I000000 27
072 J000000 33
072 K000000 7
072 L000000 24
072 M000000 100
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 55
072 S000000 30
072 T000000 0
072 U000000 2
072 V000000 0
072 W000000 114
072 X000000 1000
072 Y000000 14
072 Z000000 1201
072AA000000 6955
072BB000000 0
<PAGE> PAGE 7
072CC010000 6130
072CC020000 0
072DD010000 1202
072DD020000 0
072EE000000 6885
073 A010000 0.2000
073 A020000 0.0000
073 B000000 1.1400
073 C000000 0.5100
074 A000000 0
074 B000000 586
074 C000000 0
074 D000000 13382
074 E000000 1724
074 F000000 68293
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 385
074 K000000 0
074 L000000 187
074 M000000 1
074 N000000 84558
074 O000000 201
074 P000000 7
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 108
074 S000000 0
074 T000000 84242
074 U010000 6049
074 U020000 0
074 V010000 13.93
074 V020000 0.00
074 W000000 0.0000
074 X000000 1347
074 Y000000 0
075 A000000 0
075 B000000 79149
076 000000 16.50
077 A000000 Y
077 B000000 Y
077 P000000 Y
078 000000 N
080 A000000 NATIONAL UNION INSURANCE CO.
080 B000000 ICI MUTUAL
080 C000000 60000
081 A000000 Y
081 B000000 102
<PAGE> PAGE 8
082 A000000 Y
082 B000000 100
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 82
086 A020000 1158
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 MFS SPECIAL VALUE TRUST
087 A020000 55274E102
087 A030000 MFV
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE JAMES O. YOST
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF MFS SPECIAL VALUE TRUST FOR THE "PERIOD ENDED OCTOBER
31, 1995, AND IS QUALIFIED IN ITS ENTIRETY BY" REFERENCE TO SUCH FINANCIAL
STATEMENTS.
<NAME> MFS SPECIAL VALUE TRUST
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 72,592,069
<INVESTMENTS-AT-VALUE> 83,985,048
<RECEIVABLES> 571,822
<ASSETS-OTHER> 1,000
<OTHER-ITEMS-ASSETS> 352
<TOTAL-ASSETS> 84,558,222
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 315,621
<TOTAL-LIABILITIES> 315,621
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 74,423,001
<SHARES-COMMON-STOCK> 6,049,338
<SHARES-COMMON-PRIOR> 5,967,746
<ACCUMULATED-NII-CURRENT> (1,213,852)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (359,568)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,393,020
<NET-ASSETS> 84,242,601
<DIVIDEND-INCOME> 556,175
<INTEREST-INCOME> 1,631,238
<OTHER-INCOME> 0
<EXPENSES-NET> 985,852
<NET-INVESTMENT-INCOME> 1,201,561
<REALIZED-GAINS-CURRENT> 6,955,479
<APPREC-INCREASE-CURRENT> 6,130,381
<NET-CHANGE-FROM-OPS> 14,287,421
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,266,189)
<DISTRIBUTIONS-OF-GAINS> (6,885,011)
<DISTRIBUTIONS-OTHER> (3,030,266)
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 81,592
<NET-CHANGE-IN-ASSETS> 4,263,707
<ACCUMULATED-NII-PRIOR> (1,543,759)
<ACCUMULATED-GAINS-PRIOR> (35,501)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 608,087
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,000,007
<AVERAGE-NET-ASSETS> 79,149,074
<PER-SHARE-NAV-BEGIN> 13.40
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> 2.18
<PER-SHARE-DIVIDEND> (0.21)
<PER-SHARE-DISTRIBUTIONS> (1.14)
<RETURNS-OF-CAPITAL> (0.50)
<PER-SHARE-NAV-END> 13.93
<EXPENSE-RATIO> 1.26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
