HANCOCK JOHN CURRENT INTEREST
N-18F1, 1995-08-31
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                         SECURITIES AND EXCHANGE COMMISSION

                               WASHINGTON, D.C. 20549





                   NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
                      UNDER THE INVESTMENT COMPANY ACT OF 1940.



                            JOHN HANCOCK CURRENT INTEREST


              (Election for series regarding redemption each series of 
                  the Registrant now existing or hereafter created)
                                                                          
                              Exact Name of Registrant<PAGE>





                              NOTIFICATION OF ELECTION



              The undersigned registered open-end investment company hereby
         notifies the Securities and Exchange Commission that it elects on
         behalf of each series of the Registrant now existing or hereafter
         created to commit itself to pay in cash all redemptions by a
         shareholder of record as provided by Rule 18f-1 under the
         Investment Company Act of 1940.  It is understood that this
         election is irrevocable while such Rule is in effect unless the
         Commission by order upon application permits the withdrawal of
         this Notification of Election.



                                      SIGNATURE



              Pursuant to the requirements of Rule 18f-1 under the
         Investment Company Act of 1940, the Registrant has caused this
         notification of election to be duly executed on its behalf in the
         city of Boston and the Commonwealth of Massachusetts on the 31st
         day of August, 1995.


                                  JOHN HANCOCK CURRENT INTEREST





                                  By:  /s/ James B. Little 
                                                           
                                       James. B. Little
                                       Senior Vice President and
                                       Chief Financial Officer



         Attest:   /s/ Thomas H. Drohan          
                                            
                   Thomas H. Drohan
                   Senior Vice President and 
                          Secretary


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