HANCOCK JOHN CASH RESERVE INC
497, 1996-09-16
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                         John Hancock Cash Reserve, Inc.


                   Supplement to Prospectus dated May 1, 1996


On September 10, 1996, the Directors of John Hancock Cash Reserve, Inc. voted to
close the Fund to new purchases,  except shares  purchased with  reinvested Fund
dividends effective October 1, 1996.




September 10, 1996

4200S 9/96



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