<?xml version="1.0"?><?xml-stylesheet type="text/xsl" href="../4_X02.xsl"?><ownershipDocument>    <schemaVersion>X0202</schemaVersion>    <documentType>4</documentType>    <periodOfReport>2007-08-15</periodOfReport>    <notSubjectToSection16>0</notSubjectToSection16>    <issuer>        <issuerCik>0000856128</issuerCik>        <issuerName>MFS SPECIAL VALUE TRUST</issuerName>        <issuerTradingSymbol>MFV</issuerTradingSymbol>    </issuer>    <reportingOwner>        <reportingOwnerId>            <rptOwnerCik>0001244214</rptOwnerCik>            <rptOwnerName>COHN LAWRENCE H</rptOwnerName>        </reportingOwnerId>        <reportingOwnerAddress>            <rptOwnerStreet1>MFS INVESTMENT MANAGEMENT</rptOwnerStreet1>            <rptOwnerStreet2>500 BOYLSTON STREET</rptOwnerStreet2>            <rptOwnerCity>BOSTON</rptOwnerCity>            <rptOwnerState>MA</rptOwnerState>            <rptOwnerZipCode>02116</rptOwnerZipCode>            <rptOwnerStateDescription></rptOwnerStateDescription>        </reportingOwnerAddress>        <reportingOwnerRelationship>            <isDirector>1</isDirector>            <isOfficer>0</isOfficer>            <isTenPercentOwner>0</isTenPercentOwner>            <isOther>0</isOther>        </reportingOwnerRelationship>    </reportingOwner>    <nonDerivativeTable>        <nonDerivativeTransaction>            <securityTitle>                <value>MFS Special Value Trust</value>            </securityTitle>            <transactionDate>                <value>2007-08-15</value>            </transactionDate>            <deemedExecutionDate>                <value>2007-08-20</value>            </deemedExecutionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>S</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionTimeliness>                <value></value>            </transactionTimeliness>            <transactionAmounts>                <transactionShares>                    <value>11069</value>                </transactionShares>                <transactionPricePerShare>                    <value>8.2564</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>D</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <valueOwnedFollowingTransaction>                    <value>88951.56</value>                </valueOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>    </nonDerivativeTable>    <ownerSignature>        <signatureName>Susan S. Newton, By Power of Attorney</signatureName>        <signatureDate>2007-08-21</signatureDate>    </ownerSignature></ownershipDocument>
