Supplement to the John Hancock Growth and Income Funds Prospectus dated
November 1, 1998 for Sovereign Balanced Fund and Sovereign Investors Fund
The trustees of John Hancock Sovereign Balanced Fund and Sovereign Investors
Fund have approved the termination of the funds' subadviser, John Hancock
Sovereign Asset Management Corporation as of December 31, 1998.
This termination will not change the funds' present portfolio management team
lead by John F. Snyder III and Barry H. Evans, CFA. Mr. Snyder and Mr. Evans are
presently officers of John Hancock Advisers, Inc. (the "adviser") and the rest
of the team will become employees of the adviser on January 1, 1999.
1/4/99
