HANCOCK JOHN CURRENT INTEREST
24F-2NT, 1996-07-29
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                    U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2

             Read instructions at end of Form before preparing Form.
                             Please print or type.

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1.   Name and address of issuer:

               John Hancock Current Interest

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2.   Name of each series or class of funds for which this notice is filed:

               John Hancock U.S. Government Cash Reserve

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3.   Investment Company Act File Number:
               811-2485
     Securities Act File Number:
               2-50931
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4.   Last day of fiscal year for which this notice is filed:

               May 31, 1996
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5.   Check box if this  notice is being filed more than 180 days after the close
     of the issuer's fiscal year for purposes of reporting securities sold after
     the close of the fiscal year but before  termination  of the issuer's 24f-2
     declaration:
                                                  [    ]
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6.   Date of termination  of issuer's  declaration  under rule 24f-2 (a)(1),  if
     applicable (see Instruction A.6):

               N/A  
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7.   Number and amount of  securities of the same class or series which had been
     registered  under the  Securities  Act of 1933 other than  pursuant to rule
     24f-2 in a prior fiscal year, but which remained unsold at the beginning of
     the fiscal year:

                 30,365,826 shares
               $ 30,365,826
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8.   Number and amount of  securities  registered  during the fiscal  year other
     than pursuant to rule 24f-2:

                 98,388,034 shares
               $ 98,388,034
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9.   Number and aggregate sales price of securities sold during the fiscal year:

                368,510,358 shares
               $368,510,358
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<PAGE>

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10.  Number and aggregate  sales price of securities sold during the fiscal year
     in reliance upon registration pursuant to rule 24f-2:

                368,510,358 shares
               $368,510,358
- --------------------------------------------------------------------------------
11.  Number and  aggregate  sales price of  securities  issued during the fiscal
     year in connection  with dividend  reinvestment  plans,  if applicable (see
     Instruction B.7):

                 1,191,507 shares
               $ 1,191,507
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12.  Calculation of registration fee:

<TABLE>
<S>                                                                                            <C>
     (i)    Aggregate sale price of securities sold during the fiscal
            year in reliance on rule 24f-2 (from Item 10):                         $        368,510,358
                                                                                    -------------------

     (ii)   Aggregate price of shares issued in connection with
            dividend reinvestment plans (from Item 11, if applicable):             +          1,191,507
                                                                                    -------------------

     (iii)  Aggregate price of shares redeemed or repurchased during
            the fiscal year (if applicable):                                       -        369,925,816
                                                                                    -------------------

     (iv)   Aggregate price of shares redeemed or repurchased and
            previously applied as a reduction to filing fees pursuant to
            rule 24e-2 (if applicable):                                            +                  0
                                                                                    -------------------

     (v)    Net aggregate  price of  securities  sold and issued during the
            fiscal year in reliance on rule 24f-2 [ line (i), plus line
            (ii), less line (iii), plus line (iv)] (if applicable):                            (223,951)
                                                                                    -------------------

     (vi)   Multiplier prescribed by Section 6(b) of the Securities Act
            of 1933 or other applicable law or regulation (see
            Instruction C.6):                                                      x             1/2900
                                                                                    -------------------

     (vii)  Fee due [line (i) or line (v) multiplied by line (vi)]:                $         NO FEE DUE
                                                                                    ===================
</TABLE>

Instruction: Issuers should complete lines (ii), (iii), (iv) and (v) only if the
             form is being filed within 60 days after the close of the issuer's
             fiscal year.                                   See Instruction C.3.

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13.  Check box if fees are being remitted to the Commission's lockbox depository
     as described in section 3a of the Commission's  Rules of Informal and Other
     Procedures (17 CFR 202.3a).

                                                  [    ]

     Date of mailing or wire transfer of filing fees to the Commission's lockbox
     depository:


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<PAGE>

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                                   SIGNATURES

This  report has been  signed  below by the  following  persons on behalf of the
issuer and in the capacities and on the dates indicated:

By (Signature and Title) *          /s/ William H. King
                                    --------------------------------------------
                                    William H. King          Associate Treasurer
                                    --------------------------------------------

Date: July 29, 1996
      ----------------------------------

  * Please print the name and title of the signing officer below the signature.
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