HANCOCK JOHN INVESTMENT TRUST III
497, 1999-06-11
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      Supplement to the John Hancock International/Global Funds Prospectus
                for John Hancock Short-Term Strategic Income Fund




On June 8, 1999, the Trustees of the John Hancock  Short-Term  Strategic  Income
Fund (the "Fund") voted to recommend  that the  shareholders  approve a tax-free
reorganization of the Fund, as described below.

Under the terms of the  reorganization,  subject to  shareholder  approval  at a
shareholder  meeting  scheduled to be held on October 13,  1999,  the Fund would
transfer all of its assets and liabilities to John Hancock Strategic Income Fund
("Strategic  Income  Fund") in a tax-free  exchange for shares of equal value of
Strategic Income Fund. Further information regarding the proposed reorganization
will be contained in a proxy  statement and prospectus  which is scheduled to be
mailed to shareholders during the last week of August, 1999.

Effective  at the close of business on June 11, 1999,  John  Hancock  Short-Term
Strategic Income Fund will be closed to all new accounts.


June 11, 1999

GLIPS 6/99






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