John Hancock Financial Industries Fund
Supplement to the Prospectus dated March 1, 1997
Effective November 1, 1997, the Adviser has removed the voluntary fee limitation
on the John Hancock Financial Industries Fund (the "Fund"). The management fee
for both Class A and Class B shares is 0.80% of the Fund's average daily net
asset value up to $500,000,000 and 0.75% of the Fund's average daily net asset
value in excess of $500,000,000. The Fund also pays a 12b-1 fee as well as other
expenses. Without the fee limitation, the Fund's annual operating expenses as a
percentage of average net assets for the fiscal year ended October 31, 1997 are
estimated to have been 1.50% for Class A shares and 2.20% for Class B shares.
November 1, 1997
700PS 11/97
