HANCOCK JOHN INVESTMENT TRUST III
497, 1998-05-05
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On page 8, the "Portfolio  Management" section has been changed for John Hancock
Growth Fund as follows:

Benjamin A. Hock, Jr., CFA, has led the FundOs  portfolio  management team since
May 1998. A senior vice  president of the adviser since 1994,  Mr. Hock has been
in the investment business for over 25 years.

May 1, 1998


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