MFS INSTITUTIONAL TRUST
497, 2000-07-27
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                           MFS(R) INSTITUTIONAL TRUST

                 MFS(R) INSTITUTIONAL EMERGING MARKETS DEBT FUND

                      Supplement to the Current Prospectus

         The Board of Trustees  which  oversees the MFS  Institutional  Emerging
  Markets Debt Fund (the "Fund")  decided,  at their regular  meeting today,  to
  terminate  the Fund  effective  October  2,  2000,  or as soon  thereafter  as
  practicable.

                  THE DATE OF THIS SUPPLEMENT IS JULY 26, 2000.



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