HANCOCK JOHN INVESTMENT TRUST III
497, 2000-01-14
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             Supplement to the John Hancock Growth Funds Prospectus
                             dated December 13, 1999





On page 18, the "Portfolio Management" section for the John Hancock Small Cap
Value Fund has been changed as follows:


         PORTFOLIO MANAGERS

         Timothy E. Keefe, CFA
         ---------------------

         Senior vice president of adviser
         Joined team in 1996
         Joined adviser in 1996
         Began career in 1987


January 14, 2000





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