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MFS INSTITUTIONAL EMERGING MARKETS INCOME FUND
Supplement to the Current Prospectus and
Statement of Additional Information
dated December 1, 1995
The Fund has adopted the investment policy to invest, under normal
market conditions, at least 65% of its total assets in fixed income securities
of government, government-related, supranational and corporate issuers located,
or primarily conducting their business, in emerging markets and in forward
foreign currency exchange contracts. The Fund intends to enter into forward
foreign currency exchange contracts ("forward contracts") as an alternative
method of gaining exposure to certain emerging markets, and expects to achieve a
similar benefit from entering into a forward contract denominated in a country's
currency as from the purchase of an emerging market debt security.
In accordance with the above change in policy, the name of the Fund has
been changed to MFS Institutional Emerging Markets Income Fund.
THE DATE OF THIS SUPPLEMENT IS APRIL 25, 1996
