FREEDOM INVESTMENT TRUST III
NSAR-B, 1996-09-27
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<PAGE>      PAGE  1
000 B000000 07/31/96
000 C000000 0000852204
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 FREEDOM INVESTMENT TRUST III
001 B000000 811-5732
001 C000000 6173751702
002 A000000 101 HUNTINGTON AVENUE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02199
002 D020000 7603
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C010200  2
007 C020200 JOHN HANCOCK DISCOVERY FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 JOHN HANCOCK ADVISERS, INC.
008 B00AA01 A
008 C00AA01 801-8124
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02199
008 D04AA01 7603
011 A00AA01 JOHN HANCOCK FUNDS, INC.
011 B00AA01 8-43582
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02199
011 C04AA01 7603
012 A00AA01 JOHN HANCOCK INVESTOR SERVICES CORPORATION
012 B00AA01 84-1885
012 C01AA01 BOSTON
<PAGE>      PAGE  2
012 C02AA01 MA
012 C03AA01 02199
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02116
014 A00AA01 JOHN HANCOCK DISTRIBUTORS, INC.
014 B00AA01 8-13995
014 A00AA02 JOHN HANCOCK FUNDS, INC.
014 B00AA02 8-43582
014 A00AA03 TUCKER ANTHONY, INCORPORATED
014 B00AA03 8-24297
014 A00AA04 SUTRO & CO., INC.
014 B00AA04 8-7981
014 A00AA05 JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY
014 B00AA05 8-15661
014 A00AA06 FREEDOM DISTRIBUTORS CORPORATION
014 B00AA06 8-37458
015 A00AA01 INVESTORS BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02111
015 E01AA01 X
015 A00AA02 CITIBANK,  N.A.
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 NATIONAL AUSTRALIA BANK LIMITED
015 B00AA03 S
015 C01AA03 MELBOURNE
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 EUROCLEAR/CREDITANSTALT BANKVEREIN
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 EUROCLEAR/GENERAL DE BANQUE
015 B00AA05 S
015 C01AA05 BRUSSELS
015 D01AA05 BELGIUM
015 E04AA05 X
015 A00AA06 BANCO DE BOSTON
015 B00AA06 S
015 C01AA06 SAO PAULO
015 D01AA06 BRAZIL
015 E04AA06 X
015 A00AA07 ROYAL TRUST CORPORATION OF CANADA
015 B00AA07 S
<PAGE>      PAGE  3
015 C01AA07 TORONTO
015 D01AA07 CANADA
015 E04AA07 X
015 A00AA08 BANCO DE BOSTON
015 B00AA08 S
015 C01AA08 SANTIAGO
015 D01AA08 CHILE
015 E04AA08 X
015 A00AA09 STANDARD CHARTERED BANK
015 B00AA09 S
015 C01AA09 SHANGHAI
015 D01AA09 CHINA
015 E04AA09 X
015 A00AA10 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B00AA10 S
015 C01AA10 BOGOTA
015 D01AA10 COLOMBIA
015 E04AA10 X
015 A00AA11 EUROCLEAR/DEN DANSKE BANK
015 B00AA11 S
015 C01AA11 COPENHAGEN
015 D01AA11 DENMARK
015 E04AA11 X
015 A00AA12 EUROCLEAR/KANSALLIS-OSAKE-PANKKI
015 B00AA12 S
015 C01AA12 HELSINKI
015 D01AA12 FINLAND
015 E04AA12 X
015 A00AA13 EUROCLEAR/MORGAN GUARANTY PARIS
015 B00AA13 S
015 C01AA13 PARIS
015 D01AA13 FRANCE
015 E04AA13 X
015 A00AA14 EUROCLEAR/DEUTSCHE BANK A.G.
015 B00AA14 S
015 C01AA14 FRANKFURT
015 D01AA14 GERMANY
015 E04AA14 X
015 A00AA15 CITIBANK, N.A.
015 B00AA15 S
015 C01AA15 ATHENS
015 D01AA15 GREECE
015 E04AA15 X
015 A00AA16 STANDARD CHARTERED BANK
015 B00AA16 S
015 C01AA16 HONG KONG
015 D01AA16 HONG KONG
015 E04AA16 X
015 A00AA17 STANDARD CHARTERED BANK
015 B00AA17 S
015 C01AA17 JAKARTA
<PAGE>      PAGE  4
015 D01AA17 INDONESIA
015 E04AA17 X
015 A00AA18 BANK OF IRELAND SECURITIES SERVICES
015 B00AA18 S
015 C01AA18 DUBLIN
015 D01AA18 IRELAND
015 E04AA18 X
015 A00AA19 CITIBANK, N.A.
015 B00AA19 S
015 C01AA19 MILAN
015 D01AA19 ITALY
015 E04AA19 X
015 A00AA20 STANDARD CHARTERED BANK
015 B00AA20 S
015 C01AA20 TOKYO
015 D01AA20 JAPAN
015 E04AA20 X
015 A00AA21 STANDARD CHARTERED BANK
015 B00AA21 S
015 C01AA21 SEOUL
015 D01AA21 KOREA
015 E04AA21 X
015 A00AA22 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B00AA22 S
015 C01AA22 KUALA LUMPER
015 D01AA22 MALAYSIA
015 E04AA22 X
015 A00AA23 BANCOMER, S.A.
015 B00AA23 S
015 C01AA23 MEXICO CITY
015 D01AA23 MEXICO
015 E04AA23 X
015 A00AA24 EUROCLEAR/ABN AMRO BANK
015 B00AA24 S
015 C01AA24 AMSTERDAM
015 D01AA24 NETHERLANDS
015 E04AA24 X
015 A00AA25 NATIONAL AUSTRALIA BANK
015 B00AA25 S
015 C01AA25 WELLINGTON
015 D01AA25 NEW ZEALAND
015 E04AA25 X
015 A00AA26 EUROCLEAR/CHRISTIANIA BANK
015 B00AA26 S
015 C01AA26 OSLO
015 D01AA26 NORWAY
015 E04AA26 X
015 A00AA27 STANDARD CHARTERED BANK
015 B00AA27 S
015 C01AA27 KARACHI
015 D01AA27 PAKISTAN
<PAGE>      PAGE  5
015 E04AA27 X
015 A00AA28 STANDARD CHARTERED BANK
015 B00AA28 S
015 C01AA28 MANILA
015 D01AA28 PHILIPPINES
015 E04AA28 X
015 A00AA29 CITIBANK PORTUGAL S.A.
015 B00AA29 S
015 C01AA29 LISBON
015 D01AA29 PORTUGAL
015 E04AA29 X
015 A00AA30 STANDARD CHARTERED BANK
015 B00AA30 S
015 C01AA30 SINGAPORE
015 D01AA30 SINGAPORE
015 E04AA30 X
015 A00AA31 EUROCLEAR/BANCO SANTANDER
015 B00AA31 S
015 C01AA31 MADRID
015 D01AA31 SPAIN
015 E04AA31 X
015 A00AA32 STANDARD CHARTERED BANK
015 B00AA32 S
015 C01AA32 COLOMBO
015 D01AA32 SRI LANKA
015 E04AA32 X
015 A00AA33 EUROCLEAR/SKANDINAVISKA ENSKILDA BANKEN
015 B00AA33 S
015 C01AA33 STOCKHOLM
015 D01AA33 SWEDEN
015 E04AA33 X
015 A00AA34 BANK LEU LTD.
015 B00AA34 S
015 C01AA34 ZURICH
015 D01AA34 SWITZERLAND
015 E04AA34 X
015 A00AA35 STANDARD CHARTERED BANK
015 B00AA35 S
015 C01AA35 TAIPEI
015 D01AA35 TAIWAN
015 E04AA35 X
015 A00AA36 STANDARD CHARTERED BANK
015 B00AA36 S
015 C01AA36 BANGKOK
015 D01AA36 THAILAND
015 E04AA36 X
015 A00AA37 CHASE MANHATTAN N.A.
015 B00AA37 S
015 C01AA37 ISTANBUL
015 D01AA37 TURKEY
015 E04AA37 X
<PAGE>      PAGE  6
015 A00AA38 BARCLAYS BANK PLC
015 B00AA38 S
015 C01AA38 LONDON
015 D01AA38 UNITED KINGDOM
015 E04AA38 X
015 A00AA39 STANDARD CHARTERED BANK
015 B00AA39 S
015 C01AA39 SHENZHEN
015 D01AA39 CHINA
015 E04AA39 X
015 A00AA40 CITIBANK, N.A.
015 B00AA40 S
015 C01AA40 CARACAS
015 D01AA40 VENEZUELA
015 E04AA40 X
015 A00AA41 STANDARD CHARTERED BANK
015 B00AA41 S
015 C01AA41 DHAKA
015 D01AA41 BANGLADESH
015 E04AA41 X
015 A00AA42 CHASE MANHATTAN, N.A.
015 B00AA42 S
015 C01AA42 PRAGUE
015 D01AA42 CZECH REPUBLIC
015 E04AA42 X
015 A00AA43 CITIBANK, RT.
015 B00AA43 S
015 C01AA43 BUDAPEST
015 D01AA43 HUNGARY
015 E04AA43 X
015 A00AA44 STATE BANK OF INDIA
015 B00AA44 S
015 C01AA44 BOMBAY
015 D01AA44 INDIA
015 E04AA44 X
015 A00AA45 EUROCLEAR/BANQUE ET CAISSE D'EPARGNE DEL'ETAT
015 B00AA45 S
015 C01AA45 LUXEMBOURG
015 D01AA45 LUXEMBOURG
015 E04AA45 X
015 A00AA46 CITIBANK, N.A.
015 B00AA46 S
015 C01AA46 LIMA
015 D01AA46 PERU
015 E04AA46 X
015 A00AA47 CITIBANK (POLAND), S.A.
015 B00AA47 S
015 C01AA47 WARSAW
015 D01AA47 POLAND
015 E04AA47 X
015 A00AA48 THE STANDARD BANK OF SOUTH AFRICA LIMITED
<PAGE>      PAGE  7
015 B00AA48 S
015 C01AA48 CAPETOWN, PRETORIA
015 D01AA48 SOUTH AFRICA
015 E04AA48 X
015 A00AA49 BARCLAYS BANK PLC
015 B00AA49 S
015 C01AA49 LUSAKA
015 D01AA49 ZAMBIA
015 E04AA49 X
015 A00AA50 CESKOSLOVENSKA OCHODNI BANKA, A.S.
015 B00AA50 S
015 C01AA50 BRATISLAVA
015 D01AA50 SLOVAK REPUBLIC
015 E04AA50 X
015 A00AA51 BARCLAYS BANK PLC/BRCLAYS BNK OF BOTSWANA LTD
015 B00AA51 S
015 C01AA51 GARBORONE
015 D01AA51 BOTSWANA
015 E04AA51 X
015 A00AA52 CHASE MANHATTAN, N.A./NATIONAL BANK OF EGYPT
015 B00AA52 S
015 C01AA52 CAIRO
015 D01AA52 EGYPT
015 E04AA52 X
015 A00AA53 BARCLAYS BANK PLC/BARCLAYS BANK OF GHANA LTD.
015 B00AA53 S
015 C01AA53 ACCRA
015 D01AA53 GHANA
015 E04AA53 X
015 A00AA54 BARCLAYS BANK PLC
015 B00AA54 S
015 C01AA54 HARARE
015 D01AA54 ZIMBABWE
015 E04AA54 X
015 A00AA55 CITIBANK, N.A.
015 B00AA55 S
015 C01AA55 AMMAN
015 D01AA55 JORDAN
015 E04AA55 X
015 A00AA56 CHASE MANHATTAN, N.A./BANK LEUMI LE-ISRAEL
015 B00AA56 S
015 C01AA56 JERUSALEM
015 D01AA56 ISRAEL
015 E04AA56 X
015 A00AA57 CHASE MANHATTAN, N.A.
015 B00AA57 S
015 C01AA57 PORT LOUIS
015 D01AA57 MAURITIUS
015 E04AA57 X
015 A00AA58 CHASE MANHATTAN, N.A.
015 B00AA58 S
<PAGE>      PAGE  8
015 C01AA58 RABAT
015 D01AA58 MOROCCO
015 E04AA58 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   60
019 C00AA00 JOHNHANCOC
020 A000001 INSTINET
020 C000001      8
020 A000002 SALOMON BROTHERS
020 B000002 13-3082694
020 C000002      5
020 A000003 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000003 13-5674085
020 C000003      5
020 A000004 FURMAN SELZ
020 B000004 13-2753731
020 C000004      4
020 A000005 COWEN & CO.
020 B000005 13-5616116
020 C000005      4
020 A000006 CHICAGO CORP.
020 C000006      2
020 A000007 BLAIR (WILLIAM) & CO.
020 B000007 36-2214610
020 C000007      2
020 A000008 MONTGOMERY SEC.
020 C000008      2
020 A000009 HAMBRECHT & QUIST
020 C000009      2
020 A000010 NATWEST SEC.
020 C000010      2
021  000000       60
022 A000001 SWISS BANK CORP.
022 C000001    628942
022 D000001         0
022 A000002 TORONTO-DOMINION BANK
022 C000002    212736
022 D000002         0
022 A000003 LEHMAN BROTHERS
022 B000003 13-2726611
022 C000003     79064
022 D000003      1164
022 A000004 BANKERS TRUST
022 B000004 13-4941247
022 C000004     54726
022 D000004         0
022 A000005 UNION BANK OF SWITZERLAND
022 B000005 04-2474663
022 C000005     33943
022 D000005      1598
<PAGE>      PAGE  9
022 A000006 ALEX BROWN & SONS, INC.
022 B000006 52-1319768
022 C000006      9620
022 D000006      2691
022 A000007 MONTGOMERY SEC.
022 C000007      7043
022 D000007      3990
022 A000008 DRESDNER BANK
022 C000008     10408
022 D000008         0
022 A000009 COWEN & CO.
022 B000009 13-5616116
022 C000009      5665
022 D000009      4066
022 A000010 HAMBRECHT & QUIST
022 B000010 94-2856935
022 C000010      4492
022 D000010      3140
023 C000000    1113290
023 D000000      47802
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
037  00AA00 N
038  00AA00      0
039  00AA00 Y
040  00AA00 Y
041  00AA00 Y
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 Y
<PAGE>      PAGE  10
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     1000
062 A00AA00 N
062 B00AA00   0.0
062 C00AA00   0.0
062 D00AA00   0.0
062 E00AA00   0.0
062 F00AA00   0.0
062 G00AA00   0.0
062 H00AA00   0.0
062 I00AA00   0.0
062 J00AA00   0.0
062 K00AA00   0.0
062 L00AA00   0.0
062 M00AA00   0.0
062 N00AA00   0.0
062 O00AA00   0.0
062 P00AA00   0.0
062 Q00AA00   0.0
062 R00AA00   0.0
063 A00AA00   0
063 B00AA00  0.0
066 A00AA00 Y
066 B00AA00 N
066 C00AA00 N
066 D00AA00 Y
066 E00AA00 N
066 F00AA00 N
066 G00AA00 N
067  00AA00 N
068 A00AA00 N
<PAGE>      PAGE  11
068 B00AA00 N
069  00AA00 N
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 Y
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 GULF INSURANCE COMPANY
080 B00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00    35000
081 A00AA00 Y
081 B00AA00  79
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
028 A010200      1893
028 A020200         0
028 A030200         0
028 A040200      2073
028 B010200      6666
028 B020200         0
028 B030200         0
028 B040200      4858
028 C010200     24472
028 C020200         0
028 C030200         0
028 C040200     10811
028 D010200     46606
028 D020200         0
028 D030200         0
028 D040200      9827
<PAGE>      PAGE  12
028 E010200     34963
028 E020200         0
028 E030200         0
028 E040200     24264
028 F010200     25029
028 F020200         0
028 F030200         0
028 F040200     26593
028 G010200    139629
028 G020200         0
028 G030200         0
028 G040200     78426
028 H000200     70790
029  000200 Y
030 A000200    456
030 B000200  5.00
030 C000200  0.00
031 A000200     66
031 B000200      0
032  000200    285
033  000200    105
034  000200 Y
035  000200     83
036 A000200 Y
036 B000200      0
042 A000200   0
042 B000200   0
042 C000200 100
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200    468
044  000200    946
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.000
048 A010200   250000
048 A020200 1.000
048 B010200   250000
048 B020200 0.800
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
<PAGE>      PAGE  13
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200   500000
048 K020200 0.750
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 Y
070 P020200 Y
070 Q010200 Y
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200    115190
071 B000200     62722
071 C000200     53988
071 D000200  116
072 A000200 12
<PAGE>      PAGE  14
072 B000200      218
072 C000200       40
072 D000200        0
072 E000200        0
072 F000200      456
072 G000200        0
072 H000200        0
072 I000200      122
072 J000200       43
072 K000200        0
072 L000200       39
072 M000200        8
072 N000200       70
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200       33
072 S000200       13
072 T000200      468
072 U000200       15
072 V000200        0
072 W000200        3
072 X000200     1270
072 Y000200        0
072 Z000200    -1012
072AA000200     1752
072BB000200        0
072CC010200        0
072CC020200     1130
072DD010200        0
072DD020200        0
072EE000200      412
073 A010200   0.0000
073 A020200   0.0000
073 B000200   0.1312
073 C000200   0.0000
074 A000200        8
074 B000200    10247
074 C000200        0
074 D000200        0
074 E000200        0
074 F000200    89926
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200     1908
074 K000200        0
074 L000200      677
074 M000200        2
074 N000200   102768
074 O000200     1985
<PAGE>      PAGE  15
074 P000200       90
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200       93
074 S000200        0
074 T000200   100600
074 U010200     2121
074 U020200     4731
074 V010200    15.09
074 V020200    14.50
074 W000200   0.0000
074 X000200    10509
074 Y000200        0
075 A000200        0
075 B000200    56560
076  000200     0.00
SIGNATURE   SUSAN S. NEWTON                              
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 021
   <NAME> JOHN HANCOCK DISCOVERY FUND - CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-START>                             AUG-01-1995
<PERIOD-END>                               JUL-31-1996
<INVESTMENTS-AT-COST>                       86,074,080
<INVESTMENTS-AT-VALUE>                     100,181,156
<RECEIVABLES>                                2,584,965
<ASSETS-OTHER>                                  10,490
<OTHER-ITEMS-ASSETS>                        14,098,824
<TOTAL-ASSETS>                             102,768,359
<PAYABLE-FOR-SECURITIES>                     1,984,631
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      183,845
<TOTAL-LIABILITIES>                          2,168,476
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    85,347,570
<SHARES-COMMON-STOCK>                        2,121,028
<SHARES-COMMON-PRIOR>                          391,822
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,153,402
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    14,098,911
<NET-ASSETS>                               100,599,883
<DIVIDEND-INCOME>                               39,676
<INTEREST-INCOME>                              218,223
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,269,776
<NET-INVESTMENT-INCOME>                    (1,011,877)
<REALIZED-GAINS-CURRENT>                     1,751,805
<APPREC-INCREASE-CURRENT>                  (1,130,239)
<NET-CHANGE-FROM-OPS>                        (390,311)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        61,866
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    105,087,816
<NUMBER-OF-SHARES-REDEEMED>                 76,082,263
<SHARES-REINVESTED>                             57,719
<NET-CHANGE-IN-ASSETS>                      63,879,566
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (184,368)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          455,664
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,269,776
<AVERAGE-NET-ASSETS>                        56,560,482
<PER-SHARE-NAV-BEGIN>                            12.95
<PER-SHARE-NII>                                 (0.19)
<PER-SHARE-GAIN-APPREC>                           2.46
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.13)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.09
<EXPENSE-RATIO>                                   1.72
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 022
   <NAME> JOHN HANCOCK DISCOVERY FUND - CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-START>                             AUG-01-1995
<PERIOD-END>                               JUL-31-1996
<INVESTMENTS-AT-COST>                       86,074,080
<INVESTMENTS-AT-VALUE>                     100,181,156
<RECEIVABLES>                                2,584,965
<ASSETS-OTHER>                                  10,490
<OTHER-ITEMS-ASSETS>                        14,098,824
<TOTAL-ASSETS>                             102,768,359
<PAYABLE-FOR-SECURITIES>                     1,984,631
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      183,845
<TOTAL-LIABILITIES>                          2,168,476
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    85,347,570
<SHARES-COMMON-STOCK>                        4,730,847
<SHARES-COMMON-PRIOR>                        2,523,395
<ACCUMULATED-NII-CURRENT>                            0
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<ACCUMULATED-NET-GAINS>                      1,153,402
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    14,098,911
<NET-ASSETS>                               100,599,883
<DIVIDEND-INCOME>                               39,676
<INTEREST-INCOME>                              218,223
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,269,776
<NET-INVESTMENT-INCOME>                    (1,011,877)
<REALIZED-GAINS-CURRENT>                     1,751,805
<APPREC-INCREASE-CURRENT>                  (1,130,239)
<NET-CHANGE-FROM-OPS>                        (390,311)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       350,267
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     51,516,179
<NUMBER-OF-SHARES-REDEEMED>                 16,213,396
<SHARES-REINVESTED>                            315,955 
<NET-CHANGE-IN-ASSETS>                      63,879,566
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (184,368)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          455,664
<INTEREST-EXPENSE>                                   0
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<PER-SHARE-NII>                                 (0.27)
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<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.13)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.50
<EXPENSE-RATIO>                                   2.42
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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