FREEDOM INVESTMENT TRUST
497, 1996-06-07
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                         JOHN HANCOCK REGIONAL BANK FUND

                      JOHN HANCOCK DISCIPLINED GROWTH FUND

      Supplement to Statement of Additional Information dated March 1, 1996



Effective July 1, 1996, the information  concerning  John Hancock  Regional Bank
Fund and John Hancock  Disciplined Growth Fund (the "Funds") contained herein is
superseded by separate  Statements of Additional  Information dated July 1, 1996
for each Fund.



July 1, 1996




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