<PAGE>
MFS(R) MANAGED SECTORS FUND
MFS(R) CASH RESERVE FUND
MFS(R) CORE GROWTH FUND
MFS(R) GLOBAL ASSET ALLOCATION FUND
MFS(R) NEW DISCOVERY FUND
MFS(R) RESEARCH GROWTH AND INCOME FUND
MFS(R) EQUITY INCOME FUND
MFS(R) RESEARCH INTERNATIONAL FUND
MFS(R) STRATEGIC GROWTH FUND
MFS(R) EMERGING GROWTH FUND
MFS(R) LARGE CAP GROWTH FUND
MFS(R) INTERMEDIATE INCOME FUND
MFS(R) CHARTER INCOME FUND
MFS(R) HIGH INCOME FUND
MFS(R) MUNICIPAL HIGH INCOME FUND
MFS(R) HIGH YIELD OPPORTUNITIES FUND
MFS(R) MONEY MARKET FUND
MFS(R) GOVERNMENT MONEY MARKET FUND
MFS(R) MUNICIPAL BOND FUND
MFS(R) MID CAP GROWTH FUND
MFS(R) TOTAL RETURN FUND
MFS(R) RESEARCH FUND
MFS(R) GLOBAL TOTAL RETURN FUND
MFS(R) UTILITIES FUND
MFS(R) GLOBAL EQUITY FUND
MFS(R) GLOBAL GOVERNMENTS FUND
MFS(R) CAPITAL OPPORTUNITIES FUND
MFS(R) STRATEGIC INCOME FUND
MFS(R) GLOBAL GROWTH FUND
MFS(R) BOND FUND
MFS(R) INTERNATIONAL OPPORTUNITIES FUND
MFS(R) INTERNATIONAL STRATEGIC GROWTH FUND
MFS(R) INTERNATIONAL VALUE FUND
MFS(R) INTERMEDIATE INVESTMENT GRADE BOND FUND
MFS(R) RESEARCH BOND FUND
MFS(R) NEW YORK HIGH INCOME TAX FREE FUND
MFS(R) MASSACHUSETTS HIGH INCOME TAX FREE FUND
VERTEX CONTRARIAN FUND
VERTEX ALL CAP FUND
MFS(R) GOVERNMENT MORTGAGE FUND
MFS(R) INTERNATIONAL GROWTH FUND
MFS(R) INTERNATIONAL GROWTH AND INCOME FUND
MFS(R) EMERGING MARKETS EQUITY FUND
MFS(R) UNION STANDARD(R) EQUITY FUND
MFS(R) GROWTH OPPORTUNITIES FUND
MFS(R) GOVERNMENT SECURITIES FUND
MASSACHUSETTS INVESTORS GROWTH STOCK FUND
MFS(R) GOVERNMENT LIMITED MATURITY FUND
MASSACHUSETTS INVESTORS TRUST
MFS(R) ALABAMA MUNICIPAL BOND FUND
MFS(R) ARKANSAS MUNICIPAL BOND FUND
MFS(R) CALIFORNIA MUNICIPAL BOND FUND
MFS(R) FLORIDA MUNICIPAL BOND FUND
MFS(R) GEORGIA MUNICIPAL BOND FUND
MFS(R) MARYLAND MUNICIPAL BOND FUND
MFS(R) MASSACHUSETTS MUNICIPAL BOND FUND
MFS(R) MISSISSIPPI MUNICIPAL BOND FUND
MFS(R) NEW YORK MUNICIPAL BOND FUND
MFS(R) NORTH CAROLINA MUNICIPAL BOND FUND
MFS(R) PENNSYLVANIA MUNICIPAL BOND FUND
MFS(R) SOUTH CAROLINA MUNICIPAL BOND FUND
MFS(R) TENNESSEE MUNICIPAL BOND FUND
MFS(R) VIRGINIA MUNICIPAL BOND FUND
MFS(R) WEST VIRGINIA MUNICIPAL BOND FUND
MFS(R) MUNICIPAL INCOME FUND
MFS(R) LIMITED MATURITY FUND
MFS(R) MUNICIPAL LIMITED MATURITY FUND
MFS(R) TECHNOLOGY FUND
MFS(R) MID CAP VALUE FUND
MFS(R) LARGE CAP VALUE FUND
MFS(R) HIGH QUALITY BOND FUND
MFS(R) STRATEGIC VALUE FUND
MFS(R) EMERGING MARKETS DEBT FUND
MFS(R) INCOME FUND
MFS(R) EUROPEAN EQUITY FUND
MFS(R) HIGH YIELD FUND
MFS(R) CONCENTRATED GROWTH FUND
Supplement to the Statement of Additional Information (the "SAI") Part II
Effective April 1, 2000, the SAI Part II, Section III "Distribution Plan", under
the heading "Class A Shares", is hereby restated to insert the following
disclosure between the second and third paragraphs:
In the case of a retirement plan (or multiple plans maintained by the same
plan sponsor) which has established accounts with MFSC, on or after April 1,
2000 and is, at that time, a party to a retirement plan recordkeeping or
administrative services agreement with MFD or one of its affiliates pursuant to
which such services are provided with respect to at least $10 million in plan
assets, MFD may retain the service fee paid by the fund with respect to shares
purchased by such plan for the first year after purchase. Dealers will become
eligible to receive the ongoing applicable service fee with respect to such
shares commencing in the 13th month following purchase.
The date of this Supplement is April 10, 2000
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VERTEX ALL CAP FUND
VERTEX CONTRARIAN FUND
Supplement to the Current Prospectus
Vertex Contrarian Fund Class I Shares are currently not available for sale.
The date of this Supplement is May 1, 2000.
