JOHN HANCOCK INVESTMENT TRUST II
497, 1997-08-05
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                         JOHN HANCOCK REGIONAL BANK FUND



      Supplement to Statement of Additional Information dated March 1, 1997


Sales of the John Hancock  Regional Bank Fund to new  investors are  temporarily
suspended.  At the present time, only  shareholders  with existing  accounts are
able to purchase  shares of the Fund. The duration of the suspension will depend
on market conditions, but is expected to remain in effect for the near future.

New accounts can be opened only by participants  in existing  employer-sponsored
retirement plans that already offer the John Hancock Regional Bank Fund.

In addition, the John Hancock Regional Bank Fund will reject additional purchase
orders  from  transferees  if the  purchase  appears  to have  been made for the
purpose of evading the suspension limitations.




August 5, 1997

01SAIS-8/97



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