MFS 529 Plan Fund Assets Surpass $1 Billion

Business Wire, June 30, 2004

BOSTON -- MFS Investment Management today announced that total assets invested in its various 529 savings plans have surpassed $1 billion. MFS manages a broker-sold 529 plan option in the state of Oregon and participates in nearly a dozen other state-sponsored 529 plans.

The Oregon MFS 529 Savings Plan is designed to offer a wide range of investment choices, gifting and estate tax benefits, and MFS investment management expertise. The MFS 529 Savings Plan makes it easy and affordable to invest for college due to its flexible features such as low minimum initial and subsequent investments, high maximum contribution levels and a systematic investment program.

The MFS 529 Savings Plan offers investors more than 20 investment choices along with three investment paths to take, including:

--Age-based investment option

Automatically allocates assets among four MFS Asset Allocation Funds to take into account the approximate number of years the beneficiary has before entering college.

--Built-in allocation approach

Follows a disciplined diversification investment approach by choosing the appropriate MFS Asset Allocation Fund; these built-in allocation strategies automatically allocate, diversify and rebalance.

--Customized approach

Custom designs a portfolio from a diversified list of more than 20 MFS mutual funds.

MFS Investment Management also participates in 10 other 529 plans, including those sponsored by the states of Alaska, Colorado, Illinois, Indiana, Maine, New Mexico, South Dakota, West Virginia and Wyoming, as well as the District of Columbia.

As a premier global asset manager, MFS offers investors funds in multiple disciplines, including equity, international and fixed income, fulfilling any investor need.

MFS, America's oldest mutual fund organization, manages a total of $142 billion in assets on behalf of six million investors as of March 31, 2004.

Investing in an asset allocation strategy and automatic rebalancing do not protect against a loss in declining markets.

A prospectus containing more complete information, including charges and expenses, for any of the MFS products can be obtained from your investment professional. Read it carefully before you invest or send money.

(C)2004 MFS Investment Management(R). MFS(R) investment products offered through MFS Fund Distributors, Inc., 500 Boylston Street, Boston, MA 02116.