FREEDOM INVESTMENT TRUST II
497, 1996-04-03
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                     JOHN HANCOCK SPECIAL OPPORTUNITIES FUND


     Supplement to Class A and Class B Shares Prospectus dated March 1, 1996


The discussion of who is responsible  for the day-to-day  management of the Fund
contained in the  "Organization  and Management of the Fund" section is replaced
with the following:

     Kevin R. Baker is portfolio  manager of the Fund. He is supported by a team
of portfolio  managers and analysts.  Prior to joining the Adviser in 1994,  Mr.
Baker was president of Baker Capital Management.  He also worked as a registered
representative for Kidder Peabody.


April 3, 1996

3900S-4/96



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