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<PAGE> PAGE 9
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<PAGE> PAGE 12
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<PAGE> PAGE 15
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 N
066 D000700 Y
066 E000700 N
066 F000700 N
066 G000700 N
<PAGE> PAGE 21
071 A000700 21
071 B000700 30
071 C000700 106
071 D000700 20
072 A000700 12
072 B000700 86
072 C000700 8100
072 D000700 0
072 E000700 0
072 F000700 647
072 G000700 0
072 H000700 0
072 I000700 0
072 J000700 38
072 K000700 0
072 L000700 79
072 M000700 6
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 18
072 S000700 0
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 1
072 X000700 789
072 Y000700 0
072 Z000700 7397
072AA000700 2321
072BB000700 2819
072CC010700 5396
072CC020700 0
072DD010700 7397
072DD020700 0
072EE000700 0
073 A010700 0.7700
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 1
074 B000700 0
074 C000700 2109
074 D000700 0
074 E000700 0
074 F000700 105994
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
<PAGE> PAGE 22
074 K000700 0
074 L000700 833
074 M000700 0
074 N000700 108937
074 O000700 0
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 155
074 S000700 0
074 T000700 108782
074 U010700 9301
074 U020700 0
074 V010700 11.70
074 V020700 0.00
074 W000700 0.0000
074 X000700 45853
074 Y000700 0
075 A000700 106180
075 B000700 0
076 000700 0.00
080 A000700 JOHN HANCOCK VARIABLE SERIES TRUST I
080 C000700 2500
081 A000700 N
081 B000700 0
082 A000700 Y
082 B000700 10
083 A000700 N
083 B000700 0
084 A000700 N
084 B000700 0
085 A000700 N
028 A010800 2913
028 A020800 0
028 A030800 0
028 A040800 473
028 B010800 5214
028 B020800 0
028 B030800 0
028 B040800 115
028 C010800 6640
028 C020800 0
028 C030800 0
028 C040800 97
028 D010800 5827
028 D020800 0
028 D030800 0
028 D040800 794
028 E010800 5490
<PAGE> PAGE 23
028 E020800 0
028 E030800 0
028 E040800 521
028 F010800 8268
028 F020800 1284
028 F030800 0
028 F040800 1008
028 G010800 34352
028 G020800 1284
028 G030800 0
028 G040800 3008
028 H000800 0
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
066 A000800 Y
066 B000800 N
066 C000800 Y
066 D000800 N
066 E000800 N
066 F000800 N
066 G000800 N
071 A000800 66
071 B000800 29
071 C000800 21
071 D000800 138
072 A000800 12
072 B000800 163
072 C000800 40
072 D000800 0
072 E000800 0
072 F000800 171
072 G000800 0
072 H000800 0
072 I000800 0
072 J000800 43
<PAGE> PAGE 24
072 K000800 0
072 L000800 50
072 M000800 6
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 15
072 S000800 0
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 1
072 X000800 286
072 Y000800 58
072 Z000800 -25
072AA000800 1206
072BB000800 0
072CC010800 5845
072CC020800 0
072DD010800 0
072DD020800 0
072EE000800 1294
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.3300
073 C000800 0.0000
074 A000800 0
074 B000800 7529
074 C000800 0
074 D000800 0
074 E000800 0
074 F000800 47984
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 672
074 K000800 0
074 L000800 408
074 M000800 0
074 N000800 56593
074 O000800 2087
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 20
074 S000800 0
074 T000800 54486
074 U010800 4133
<PAGE> PAGE 25
074 U020800 0
074 V010800 13.18
074 V020800 0.00
074 W000800 0.0000
074 X000800 20250
074 Y000800 0
075 A000800 20933
075 B000800 0
076 000800 0.00
080 A000800 JOHN HANCOCK VARIABLE SERIES TRUST I
080 C000800 2500
081 A000800 N
081 B000800 0
082 A000800 Y
082 B000800 10
083 A000800 N
083 B000800 0
084 A000800 N
084 B000800 0
085 A000800 N
028 A010900 2561
028 A020900 26
028 A030900 0
028 A040900 84
028 B010900 2513
028 B020900 43
028 B030900 0
028 B040900 99
028 C010900 1963
028 C020900 48
028 C030900 0
028 C040900 216
028 D010900 2623
028 D020900 63
028 D030900 0
028 D040900 747
028 E010900 1995
028 E020900 67
028 E030900 0
028 E040900 226
028 F010900 2236
028 F020900 128
028 F030900 0
028 F040900 246
028 G010900 13891
028 G020900 375
028 G030900 0
028 G040900 1618
028 H000900 0
062 A000900 Y
062 B000900 0.0
<PAGE> PAGE 26
062 C000900 2.4
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 33.8
062 N000900 61.8
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
063 A000900 0
063 B000900 2.7
066 A000900 N
071 A000900 23
071 B000900 8
071 C000900 7
071 D000900 114
072 A000900 12
072 B000900 475
072 C000900 0
072 D000900 0
072 E000900 0
072 F000900 38
072 G000900 0
072 H000900 0
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072 J000900 32
072 K000900 0
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072 M000900 6
072 N000900 0
072 O000900 0
072 P000900 0
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072 R000900 14
072 S000900 0
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072 W000900 2
072 X000900 139
072 Y000900 82
072 Z000900 418
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<PAGE> PAGE 27
072CC010900 279
072CC020900 0
072DD010900 418
072DD020900 0
072EE000900 41
073 A010900 0.5100
073 A020900 0.0000
073 B000900 0.0200
073 C000900 0.0000
074 A000900 1
074 B000900 0
074 C000900 430
074 D000900 17122
074 E000900 0
074 F000900 0
074 G000900 0
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074 I000900 0
074 J000900 0
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074 L000900 363
074 M000900 0
074 N000900 17916
074 O000900 0
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074 R030900 0
074 R040900 5
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074 T000900 17911
074 U010900 1750
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074 V010900 10.23
074 V020900 0.00
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074 X000900 2684
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075 A000900 7332
075 B000900 0
076 000900 0.00
080 A000900 JOHN HANCOCK VARIABLE SERIES TRUST I
080 C000900 2500
081 A000900 N
081 B000900 0
082 A000900 Y
082 B000900 10
083 A000900 N
083 B000900 0
084 A000900 N
<PAGE> PAGE 28
084 B000900 0
085 A000900 N
SIGNATURE SANDRA M. DADALT
TITLE ASSISTANT SECRETARY
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<SERIES>
<NUMBER> 1
<NAME> SELECT STOCK PORTFOLIO
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<S> <C>
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</TABLE>
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 2
<NAME> BOND PORTFOLIO
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<S> <C>
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<ACCUM-APPREC-OR-DEPREC> 34,992
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</TABLE>
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 3
<NAME> INTERNATIONAL PORTFOLIO
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<S> <C>
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<PERIOD-START> JAN-01-1995
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<ACCUMULATED-NET-GAINS> (1,471)
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<PER-SHARE-NAV-BEGIN> 14.62
<PER-SHARE-NII> .17
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> MONEY MARKET PORTFOLIO
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<S> <C>
<PERIOD-TYPE> 12-MOS
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<PERIOD-START> JAN-01-1995
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
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<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9,882
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<EXPENSES-NET> 578
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<NUMBER-OF-SHARES-REDEEMED> (7,258)
<SHARES-REINVESTED> 930
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<ACCUMULATED-NII-PRIOR> 0
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<GROSS-EXPENSE> 578
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<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .57
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<PER-SHARE-DISTRIBUTIONS> (.57)
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<PER-SHARE-NAV-END> 10.00
<EXPENSE-RATIO> .35
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> SPECIAL OPPORTUNITIES PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
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<NET-INVESTMENT-INCOME> (25)
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<PER-SHARE-NII> (.01)
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</TABLE>
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 6
<NAME> REAL ESTATE EQUITY PORTFOLIO
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<S> <C>
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<TABLE> <S> <C>
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<NUMBER> 7
<NAME> STOCK PORTFOLIO
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<S> <C>
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<PERIOD-START> JAN-01-1995
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</TABLE>
<TABLE> <S> <C>
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<NUMBER> 8
<NAME> MANAGED PORTFOLIO
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<S> <C>
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<TABLE> <S> <C>
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<NUMBER> 9
<NAME> SHORT-TERM US GOVERNMENT PORTFOLIO
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<S> <C>
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</TABLE>
<PAGE>
[ERNST & YOUNG LLP LETTERHEAD APPEARS HERE]
To the Board of Trustees
John Hancock Variable Series Trust I
In planning and performing our audit of the financial statements of John Hancock
Variable Series Trust I (comprising respectively, the Select Stock, Bond,
International, Money Market, Special Opportunities, Real Estate Equity, Stock,
Managed, and Short-Term U.S. Government Portfolios) for the year ended December
31, 1995, we considered its internal control structure, including procedures for
safeguarding securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and to comply with
the requirements of Form N-SAR, not to provide assurance on the internal control
structure.
The management of John Hancock Variable Series Trust I is responsible for
establishing and maintaining an internal control structure. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above at
December 31, 1995.
This report is intended solely for the use of management and the Securities and
Exchange Commission.
ERNST & YOUNG LLP
February 9, 1996
