497 1 proxyvoting.txt STICKER MASSACHUSETTS INVESTORS GROWTH STOCK FUND MASSACHUSETTS INVESTORS TRUST MFS(R) AGGRESSIVE GROWTH ALLOCATION FUND* MFS(R) BOND FUND MFS(R) CAPITAL OPPORTUNITIES FUND MFS(R) CASH RESERVE FUND MFS(R) CONSERVATIVE ALLOCATION FUND* MFS(R) CORE EQUITY FUND MFS(R) CORE GROWTH FUND MFS(R) EMERGING GROWTH FUND MFS(R) EMERGING MARKETS DEBT FUND MFS(R) EMERGING MARKETS EQUITY FUND MFS(R) EMERGING OPPORTUNITIES FUND MFS(R) GEMINI U.K. FUND MFS(R) GLOBAL EQUITY FUND MFS(R) GLOBAL GROWTH FUND MFS(R) GLOBAL TOTAL RETURN FUND MFS(R) GLOBAL VALUE FUND MFS(R) GOVERNMENT LIMITED MATURITY FUND MFS(R) GOVERNMENT MONEY MARKET FUND MFS(R) GOVERNMENT MORTGAGE FUND MFS(R) GOVERNMENT SECURITIES FUND MFS(R) GROWTH ALLOCATION FUND* MFS(R) GROWTH OPPORTUNITIES FUND MFS(R) HIGH INCOME FUND MFS(R) HIGH YIELD OPPORTUNITIES FUND MFS(R) INFLATION-ADJUSTED BOND FUND MFS(R) INTERMEDIATE INVESTMENT GRADE BOND FUND MFS(R) INTERNATIONAL DIVERSIFICATION FUND MFS(R) INTERNATIONAL NEW DISCOVERY FUND MFS(R) INTERNATIONAL NEW DISCOVERY FUND MFS(R) INTERNATIONAL VALUE FUND MFS(R) LARGE CAP GROWTH FUND MFS(R) LIMITED MATURITY FUND MFS(R) MANAGED SECTORS FUND MFS(R) MID CAP GROWTH FUND MFS(R) MID CAP VALUE FUND MFS(R) MODERATE ALLOCATION FUND* MFS(R) MONEY MARKET FUND MFS(R) MUNICIPAL BOND FUND MFS(R) MUNICIPAL HIGH INCOME FUND MFS(R) MUNICIPAL INCOME FUND MFS(R) MUNICIPAL LIMITED MATURITY FUND MFS(R) NEW DISCOVERY FUND MFS(R) NEW ENDEAVOR FUND MFS(R) RESEARCH BOND FUND MFS(R) RESEARCH BOND FUND J MFS(R) RESEARCH FUND MFS(R) RESEARCH INTERNATIONAL FUND MFS(R) STRATEGIC GROWTH FUND MFS(R) STRATEGIC INCOME FUND MFS(R) STRATEGIC VALUE FUND MFS(R) TAX MANAGED EQUITY FUND MFS(R) TECHNOLOGY FUND MFS(R) TOTAL RETURN FUND MFS(R) UNION STANDARD EQUITY FUND MFS(R) UTILITIES FUND MFS(R) VALUE FUND MFS(R) MUNICIPAL STATE FUNDS: AL, AR, CA, FL, GA, MD, MA, MS, NY, NC, PA, SC, TN, VA, WV Supplement to Statement of Additional Information - Part II Effective immediately, the following new paragraph is added at the end of the section entitled "Investment Adviser": MFS votes proxies on behalf of the Funds pursuant to the proxy voting policies described in Appendix G to this SAI. Information regarding how each Fund voted proxies relating to portfolio securities during the most recent twelve month period ended June 30th is available without charge by visiting www.mfs.com and clicking on Proxy Voting or by visiting the SEC's Web site at http://www.sec.gov. Effective immediately, the tenth paragraph under "Portfolio Transactions and Brokerage Commissions" is replaced in its entirety by the following: Certain Funds have entered into an arrangement under which, with respect to certain brokerage transactions directed to certain broker-dealers, the Funds receive, on a trade-by-trade basis, a credit for part of the brokerage commission paid, which is applied against expenses of the Funds. In addition, the Funds have an expense offset arrangement that reduces the Funds' custodian fees based upon the amount of cash maintained by the Funds with their custodian and dividend disbursing agent, State Street Bank and Trust Company. The date of this Supplement is September 1, 2004. * El presente Suplemento tambien se encuentra disponible en espanol. Solicite un ejemplar a un representante de servicio de MFS llamando al 1-800-225-2606. En el caso de discrepancias entre las versiones en ingles y en espanol, se considerara valida la version en ingles.