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U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
Read instructions at end of Form before preparing Form
Please print or type
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1. Name and address of issuer:
JOHN HANCOCK VARIABLE LIFE ACCOUNT V
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2. Name of each series or class of funds for which this notice is filed:
Select Stock, Bond, International, Money Market, Special Opportunities, Real
Estate Equity, Stock, Managed, Short-Term U.S. Government Sub Accounts.
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3. Investment Company Act File Number: 811-5290
Securities Act File Number: 33-16611; 33-75610
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4. Last day of fiscal year for which this notice is filed:
DECEMBER 31, 1995
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5. Check box if this notice is being filed more than 180 days after the close of
issuer's fiscal year for purpose of reporting securities sold after the
close of the fiscal year but before termination of the issuer's 24f-2
declaration:
[__]
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6. Data of termination of issuer's declaration under rule 24f-2 (a)(1), if
applicable (see Instruction A.6):
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7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to rule 24f-2
in a prior fiscal year, but which remained unsold at the beginning of the
fiscal year:
NONE
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8. Number and amount of securities registered during the fiscal year other than
pursuant to rule 24f-2:
NONE
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9. Number and aggregate sale price of securities sold during the fiscal year:
$ 277,469,373
Rather than shares or units, the securities sold constitute interest in the
separate account having an initial value equal to the dollar amount that
commences to earn a return when allocated to one of the subaccounts. For
purposes of this notice, the aggregate sale price is the sum of such dollar
amounts.
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10. Number and aggregate sale price of securities sold during the fiscal year in
reliance upon registration pursuant to rule 24f-2:
$ 277,469,373
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11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable (see
instruction 6.7):
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12. Calculation of registration fee:
(i) Aggregate sale price of securities sold
during the fiscal year in reliance on
rule 24f-2 (from Item 10): $ 277,469,373
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(ii) Aggregate price of shares issued in
connection with dividend reinvestment
plans (from Item 11. If applicable): 0
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(iii) Aggregate price of shares redeemed
or repurchased during the fiscal year
(if applicable): $ 91,595,284
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(iv) Aggregate price of shares redeemed or
repurchased and previously applied as
a reduction to filing fees pursuant to
rule 24c-2 (if applicable): 0
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(v) Net Aggregate price of securities sold
and issued during the fiscal year in
reliance on rule 24f-2[line (i), plus
line (ii), less line (iii), plus line
(iv)] (If applicable): $ 185,874,089
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(vi) Multiplier prescribed by Section 6(b)
of the Securities Act of 1933 or other
applicable law or regulation (see
instruction C.6): 1/2900
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(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]: $ 64,094.51
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Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only if
the form is being filed within 60 days after the close of the
issuer's fiscal year. See Instruction C.3.
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13. Check box if fees are being remitted to the Commission's lockbox depository
in section 3a of the Commission's Rules of Informal and Other Procedures (17
CFR 202.3a).
[ X ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
February 21, 1996
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SIGNATURES
This report has been signed below by the following person on behalf of the
issuer and in the capacities and on the date indicated.
/S/ RAYMOND F. SKIBA
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By (Signature and Title): Raymond F. Skiba
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Director
Date February 21, 1996
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February 21, 1996
John Hancock Variable Life Account V
John Hancock Place
Boston, Massachusetts 02117
Dear Sirs:
I refer to the 24f-2 Notice dated February 21, 1996 with respect to the
Registration Statement on Form S-6 relating to securities of John Hancock
Variable Life Account V ("the Account"). The Registration Statement registered
an indefinite number of securities of the Account pursuant to Rule 24f-2 under
the Investment Company Act of 1940, as amended. The Rule 24f-2 Notice makes
definite the amount of securities of the Account which were so registered under
the Registration Statement.
I have examined and relied upon copies of the Registration Statement and
the Rule 24f-2 Notice and have examined and relied upon originals, or copies
certified to my satisfaction, of such corporate records, documents, certificates
and other instruments as in my judgment are necessary or appropriate to enable
me to render the opinion set forth below.
Based on the foregoing, I am of the opinion that the securities of the
Account, the registration of which the Rule 24f-2 Notice makes definite in
amount, were duly authorized and legally issued, and are fully-paid and non-
assessable.
I hereby consent to the use of this opinion in connection with the filing
of the Rule 24f-2 Notice on Form 24F-2.
Very truly yours,
/s/ Francis C. Cleary, Jr.
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Francis C. Cleary, Jr.
Vice President and Counsel
