HANCOCK JOHN WORLD FUND
497, 1997-09-11
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                      John Hancock Global Marketplace Fund

                   Supplement to Prospectus dated May 1, 1997


On September 9, 1997, the Trustees of the John Hancock Global  Marketplace  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 November 12, 1997,  the Fund would
transfer all of its assets and  liabilities to John Hancock Global Fund ("Global
Fund") in a tax-free exchange for shares of equal value of Global 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 September, 1997.

Effective  September  17, 1997,  John Hancock  Global  Marketplace  Fund will be
closed to new all accounts.


September 10, 1997

300PS 9/97



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