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MFS(R) INSTITUTIONAL CORE PLUS FIXED INCOME FUND
Supplement to the November 1, 1996 Statement of Additional Information
Statement of Assets and Liabilities
June 30, 1996
Assets:
Cash $ 110.00
Deferred organizational expenses 17,600.00
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Total assets $17,710.00
Liabilities:
Accrued expenses 17,600.00
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Net assets for 11 shares of
beneficial interest outstanding $ 110.00
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Net Asset Value, Redemption Price
and Offering Price Per Share $ 10.00
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Notes:
(1) The MFS Institutional Core Plus Fixed Income Fund (the "Fund") was
organized as a series of MFS Institutional Trust (the "Trust"), a
business trust under the laws of The Commonwealth of Massachusetts. The
Trust consists of seven series of shares or funds. The Fund has been
inactive except for matters relating to its organization and
registration as an investment company under the Investment Company Act
of 1940 and the sale of 11 shares of beneficial interest (initial
shares) to Massachusetts Financial Services Company.
(2) Organizational expenses are being deferred and will be amortized over
five years beginning with the commencement of investment operations.
The amount paid by the Fund on any redemption by Massachusetts
Financial Services Company, or any current holder of any fund's initial
shares, will be reduced by the pro rata portion of any unamortized
organizational expenses which the number of initial shares redeemed
bears to the total number of initial shares outstanding immediately
prior to such redemption.
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Independent Auditors' Report
To the Trustees of MFS Institutional Trust and Shareholders of MFS Institutional
Core Plus Fixed Income Fund:
We have audited the accompanying statement of assets and liabilities of MFS
Institutional Core Plus Fixed Income Fund (one of the series comprising MFS
Institutional Trust) as of June 30, 1996. This financial statement is the
responsibility of the Fund's management. Our responsibility is to express an
opinion on this financial statement based on our audit.
We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the statement of assets and liabilities is free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the statement of assets and
liabilities. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit of the statement of
assets and liabilities provides a reasonable basis for our opinion.
In our opinion, such statement of assets and liabilities presents fairly, in all
material respects, the financial position of MFS Institutional Core Plus Fixed
Income Fund at June 30, 1996 in conformity with generally accepted accounting
principles.
DELOITTE & TOUCHE LLP
Boston, Massachusetts
August 2, 1996
The date of this Supplement is January 10, 1997.
