HANCOCK JOHN INVESTMENT TRUST /MA/
497, 1997-01-03
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                       JOHN HANCOCK GROWTH AND INCOME FUND

                 Supplement to Prospectus dated January 1, 1997


The  PORTFOLIO  SECURITIES  section on page 4 of the  Prospectus  is deleted and
replaced with the following:

     The fund may invest in most types of securities, including:

     o    common and preferred stocks, warrants and convertible securities
     o    U.S. Government and agency debt securities,  including mortgage-backed
          securities
     o    corporate bonds, notes and other debt securities of any maturity

     The fund may invest up to 15% of net assets in debt  securities,  including
convertible  securities,  that may be rated as low as CC/Ca  and  their  unrated
equivalents (junk bonds).

     The fund may invest up to 25% of assets in foreign  securities  (35% during
adverse U.S. market conditions);  however, foreign securities typically have not
exceeded 5% of assets.  To a limited  extent the fund also may invest in certain
higher-risk securities, and may engage in other investment practices.

     For temporary  defensive  purposes,  the fund may invest some or all of its
assets in investment-grade short- term securities.



The  Higher-Risk  Securities and Practices table on page 27 of the Prospectus is
amended as follows:

     The fund may  invest up to 15% of net assets in  non-investment-grade  debt
securities.





January 2, 1997
GINPS 1/97



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