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John Hancock Equity Funds Supplement to the Prospectus Dated March 1, 2000 On pages 14 and 20, the "Portfolio Manager" section for the John Hancock Large Cap Value Fund and John Hancock Small Cap Value Fund has been changed as follows: PORTFOLIO MANAGER Timothy E. Quinlisk, CFA ------------------------ Senior vice president of adviser Joined team in 1998 Joined adviser in 1998 Began business career in 1985 April 3, 2000
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