0000912938-95-000240 Sample Contracts

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ATTEST MFS GOVERNMENT GUARANTEED SECURITIES TRUST
Custodian Contract • October 18th, 1995 • MFS Government Securities Fund
MASSACHUSETTS FINANCIAL SERVICES COMPANY 500 BOYLSTON STREET o BOSTON o MASSACHUSETTS 02116-3741 617 o 954-5000
MFS Government Securities Fund • October 18th, 1995

This letter will confirm that the Investment Advisory Agreement dated July 18, 1984 (the "Agreement"), between Massachusetts Financial Services Company ("MFS") and MFS Government Securities Fund (the "Fund") has been amended, effective as of February 1, 1994, to establish the Fund's management fee as the lesser of (i) 0.40% of the Fund's average daily net assets or (ii) 0.25% of the Fund's average daily net assets plus 3.40% of the Fund's gross income (i.e., income other than from the sale of securities), in each case on an annualized basis for the Fund's then-current fiscal year.

Date: August 1, 1985
MFS Government Securities Fund • October 18th, 1995 • Massachusetts
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MFS Government Securities Fund • October 18th, 1995 • Massachusetts
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