John Hancock Sector Funds
Supplement to the Prospectus dated May 1, 2000
John Hancock Financial Industries Fund
Shareholders of record on September 12, 2000 will be asked to eliminate the
investment restriction requiring John Hancock Financial Industries Fund to
invest more than 25% of its assets in the banking industry. If this change is
approved by shareholders, the first paragraph of the "Goal and Strategy" section
on page 4 will be deleted and replaced with the following:
The fund seeks capital appreciation. To pursue this goal, the fund
normally invests at least 65% of assets in stocks of U.S. and foreign
financial services companies of any size. These companies include
banks, thrifts, finance companies, brokerage and advisory firms, real
estate-related firms, insurance companies and financial holding
companies.
Shareholders of record on September 12, 2000 will also be asked to modernize the
fund's fundamental investment restrictions by approving changes to the fund's
restrictions on borrowing money, issuing senior securities, purchasing real
estate and commodities, purchasing securities on margin and making short sales.
John Hancock Technology Fund
Shareholders of record on September 12, 2000 will be asked to amend the
investment objective of John Hancock Technology Fund to eliminate income as a
secondary objective. If this change is approved by shareholders, the first
sentence of the "Goal and Strategy" section on page 12 will be deleted and
replaced with the following:
The fund seeks long-term growth of capital.
Shareholders of record on September 12, 2000 will also be asked to modernize the
fund's fundamental investment restrictions by approving changes to the fund's
restrictions on investing in technology companies, borrowing money, purchasing
real estate and commodities, and issuing senior securities.
9/13/00
