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SUPPLEMENT DATED JUNE 30, 2000
TO
PROSPECTUSES DATED MAY 1, 2000 OR JUNE 30, 2000
This Supplement is intended to be distributed with any prospectus dated May 1,
2000 or June 30, 2000 of the John Hancock Variable Series Trust I ("Trust") that
describes the Fundamental Mid Cap Growth Fund ("Fund").
On June 9, 2000, the Trust and John Hancock Life Insurance Company ("John
Hancock") received notice from Oppenheimer Funds, Inc. ("Oppenheimer") of
Oppenheimer's intent to terminate its position as subadviser to the Fund within
no more than 90 days. This date of termination may be subject to change
pursuant to further discussions among the Trust, John Hancock and Oppenheimer.
Any amounts invested in the Fund will become managed by a different subadviser,
subadvisers, or by John Hancock, when such termination occurs.
Although it is anticipated that the Fund will continue to invest primarily in
common stocks of U.S. companies, the Goal and Strategy and the Main Risks of the
Fund, as described in the prospectus, are likely to be revised following the
selection of any new Fund manager.
