John Hancock Sovereign Achievers Fund, March 1, 1996
Supplement to Class A and Class B Prospectus and
Statement of Additional Information
On March 5, 1996, the Trustees of the Fund voted to change the following as of
April 1, 1996:
John Hancock Sovereign Achievers Fund will be know as John Hancock Disciplined
Growth Fund.
The second paragraph of the "INVESTMENT OBJECTIVE AND POLICIES" section in the
Prospectus is amended as follows:
Under normal circumstances, the Fund will invest at least 65% of its total
assets in equity securities, including common stock, preferred stock and debt
securities convertible into common stock. John Hancock Advisers, Inc. (the
"Adviser") will seek to invest the assets of the Fund in a diversified portfolio
consisting primarily of common stock of high-quality, growth-oriented companies
which the Adviser believes will provide the Fund with above-average value. The
Adviser will pursue a strategy of investing in companies with superior earnings
growth and stability. The Fund will invest in a number of industry groups
without concentration in any particular industry. In addition, the Adviser will
seek to invest in companies exhibiting one or more of the following traits; a
low ratio of debt to total capital, a seasoned, capable management, or a strong
industry position due to recognized brands or patent protection.
The "ORGANIZATION AND MANAGEMENT OF THE FUND" section in the Prospectus is
amended as follows:
The Service Agreement between John Hancock Advisers, Inc. and Sovereign Asset
Management Corporation will be terminated.
The discussion of who is responsible for the day to day management of the Fund
contained in the "Organization and Management of the Fund" section is replaced
with the following:
John F. Snyder III is the portfolio manager of the Fund assisted by Jere Estes
and a team of portfolio managers and analysts. He is also responsible, along
with other managers for the day-to-day management of John Hancock Sovereign
Investors Fund and John Hancock Sovereign Balanced Fund. Mr. Snyder has been
associated with the Adviser since 1991.
3500S-6/96
June 3, 1996
