In the spring of 1924, the founders of MFS®: invented America's first mutual fund: Massachusetts Investors Trust (MIT). This pioneering investment idea was originally greeted with skepticism. But when the investment community of the 1930s saw how MIT weathered the stock market crash of 1929, the number of mutual funds increased dramatically. Since 1924 mutual funds have made the financial marketplace accessible and affordable to millions of investors. MFS is proud to have been integral to the industry's founding and to have shared in its dramatic growth. And we have continued our tradition of innovation in all areas of the marketplace: mutual funds, fixed/variable annuities, separately managed accounts, institutional money management, international products, and retirement plans. Today, MFS is committed to preserving that tradition of innovation and serving the investing public.