NOTES TO FINANCIAL STATEMENTS
(1) Business and Organization Massachusetts Investors Growth Stock Fund (the Fund) is a Massachusetts
business trust and is registered under the Investment Company Act of 1940, as amended, as a diversified, open-
end management investment company.
(2) Significant Accounting Policies General - The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the reporting period. Actual results could
differ from those estimates.
Investment Valuations - Equity securities listed on securities exchanges or reported through the NASDAQ
system are reported at market value using last sale prices. Unlisted equity securities or listed equity securities for
which last sale prices are not available are reported at market value using last quoted bid prices. Short-term
obligations, which mature in 60 days or less, are valued at amortized cost, which approximates market value.
Securities for which there are no such quotations or valuations are valued in good faith by the Trustees.
Foreign Currency Translation - Investment valuations, other assets, and liabilities initially expressed in foreign
currencies are converted each business day into U.S. dollars based upon current exchange rates. Purchases and
sales of foreign investments, income, and expenses are converted into U.S. dollars based upon currency
exchange rates prevailing on the respective dates of such transactions. Gains and losses attributable to foreign
currency exchange rates on sales of securities are recorded for financial statement purposes as net realized gains
and losses on investments. Gains and losses attributable to foreign exchange rate movements on income and
expenses are recorded for financial statement purposes a