<PAGE> PAGE 1
000 A000000 04/30/98
000 C000000 0000856128
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
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
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 MASSACHUSETTS FINANCIAL SERVICES COMPANY
008 B000001 A
008 C000001 801-17352
008 D010001 BOSTON
008 D020001 MA
008 D030001 02116
010 A000001 MASSACHUSETTS FINANCIAL SERVICES COMPANY
010 B000001 801-17352
010 C010001 BOSTON
010 C020001 MA
010 C030001 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
<PAGE> PAGE 2
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
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 12
020 A000002 GRANT CHESTER SECURITIES
020 B000002 00-0000000
020 C000002 12
020 A000003 PAINE WEBBER
020 B000003 13-2638166
020 C000003 12
020 A000004 SMITH BARNEY
020 B000004 13-1912900
020 C000004 12
020 A000005 PERSHING
020 B000005 13-2741729
020 C000005 7
020 A000006 MERRILL LYNCH
020 B000006 13-5674085
020 C000006 7
020 A000007 DEUTSCHE BANK SECURITIES CORP
020 B000007 13-2730828
020 C000007 4
020 A000008 WEEDEN & CO
020 B000008 13-3364318
020 C000008 4
020 A000009 ERNST & CO
020 B000009 00-0000000
020 C000009 4
020 A000010 LEHMAN BROTHERS
020 B000010 13-2518466
<PAGE> PAGE 3
020 C000010 3
021 000000 97
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001 301854
022 D000001 1338
022 A000002 DONALDSON LUFKIN
022 B000002 13-2741729
022 C000002 2502
022 D000002 2431
022 A000003 GRANT CHESTER SECURITIES
022 B000003 00-0000000
022 C000003 2317
022 D000003 1809
022 A000004 MERRILL LYNCH
022 B000004 13-5674085
022 C000004 1521
022 D000004 757
022 A000005 MORGAN J.P. SECURITIES
022 B000005 13-3224016
022 C000005 849
022 D000005 1327
022 A000006 ING BARING SECURITIES
022 B000006 13-2680091
022 C000006 0
022 D000006 1840
022 A000007 CJ LAWRENCE
022 B000007 00-0000000
022 C000007 549
022 D000007 735
022 A000008 SMITH BARNEY
022 B000008 13-1912900
022 C000008 720
022 D000008 434
022 A000009 DEUTSCHE BANK SECURITIES
022 B000009 13-2730828
022 C000009 900
022 D000009 151
022 A000010 SALOMON BROTHERS
022 B000010 13-3082694
022 C000010 0
022 D000010 923
023 C000000 315640
023 D000000 16492
024 000000 Y
025 A000001 GOLDMAN SACHS
025 B000001 13-5108880
025 C000001 D
025 D000001 474
025 D000002 0
025 D000003 0
<PAGE> PAGE 4
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 Y
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
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
<PAGE> PAGE 5
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 N
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 N
054 C000000 N
054 D000000 N
054 E000000 N
<PAGE> PAGE 6
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
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
<PAGE> PAGE 7
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
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 Y
071 A000000 38409
071 B000000 37035
071 C000000 90225
071 D000000 41
072 A000000 6
072 B000000 394
072 C000000 190
072 D000000 0
072 E000000 -3
072 F000000 342
072 G000000 6
072 H000000 0
072 I000000 9
072 J000000 17
072 K000000 4
072 L000000 14
<PAGE> PAGE 8
072 M000000 56
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 29
072 S000000 1
072 T000000 0
072 U000000 0
072 V000000 29
072 W000000 28
072 X000000 535
072 Y000000 15
072 Z000000 61
072AA000000 3502
072BB000000 0
072CC010000 15498
072CC020000 0
072DD010000 257
072DD020000 0
072EE000000 9084
073 A010000 0.0400
073 A020000 0.0000
073 B000000 1.4500
073 C000000 0.0000
074 A000000 3
074 B000000 474
074 C000000 0
074 D000000 1328
074 E000000 919
074 F000000 102192
074 G000000 0
074 H000000 0
074 I000000 6
074 J000000 904
074 K000000 0
074 L000000 114
074 M000000 165
074 N000000 106103
074 O000000 1330
074 P000000 4
074 Q000000 0
074 R010000 0
074 R020000 107
074 R030000 0
074 R040000 254
074 S000000 0
074 T000000 104408
074 U010000 6285
074 U020000 0
074 V010000 16.61
<PAGE> PAGE 9
074 V020000 0.00
074 W000000 0.0000
074 X000000 1093
074 Y000000 161
075 A000000 0
075 B000000 95117
076 000000 19.81
077 A000000 N
078 000000 N
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 55
086 A020000 1022
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 Y
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE JAMES O. YOST
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000856128
<NAME> MFS SPECIAL VALUE TRUST
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 78356353
<INVESTMENTS-AT-VALUE> 104919484
<RECEIVABLES> 1018490
<ASSETS-OTHER> 161657
<OTHER-ITEMS-ASSETS> 3469
<TOTAL-ASSETS> 106103100
<PAYABLE-FOR-SECURITIES> 1329698
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 365607
<TOTAL-LIABILITIES> 1695305
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 78227431
<SHARES-COMMON-STOCK> 6285253
<SHARES-COMMON-PRIOR> 6230035
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (318251)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (272852)
<ACCUM-APPREC-OR-DEPREC> 26771467
<NET-ASSETS> 104407795
<DIVIDEND-INCOME> 190109
<INTEREST-INCOME> 394698
<OTHER-INCOME> (3464)
<EXPENSES-NET> (519717)
<NET-INVESTMENT-INCOME> 61626
<REALIZED-GAINS-CURRENT> 3502221
<APPREC-INCREASE-CURRENT> 15497744
<NET-CHANGE-FROM-OPS> 19061591
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (257159)
<DISTRIBUTIONS-OF-GAINS> (9084300)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 55218
<NET-CHANGE-IN-ASSETS> 10742671
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5309227
<OVERDISTRIB-NII-PRIOR> (122718)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 341532
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 535007
<AVERAGE-NET-ASSETS> 95117305
<PER-SHARE-NAV-BEGIN> 15.03
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 3.06
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> (1.45)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.61
<EXPENSE-RATIO> 1.13
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
