HANCOCK JOHN MUTUAL LIFE INSURANCE CO / MA
SC 13G, 1998-01-26
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                                  UNITED STATES      
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    

                              INITIAL SCHEDULE 13G







                    Under the Securities Exchange Act of 1934



                                QCF Bancorp Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)
                                  Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)
                                    746924109
- --------------------------------------------------------------------------------
                                 (CUSIP Number)



*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

<PAGE>

<TABLE>
<CAPTION>

     <S>                                                                             <C>
- ---------------------------------------                                         --------------------------------------
CUSIP No.   746924109                                    13G                    Page  2  of  9  Pages
- ---------------------------------------                                         --------------------------------------
- --------- ------------------------------------------------------------------------------------------------------------
   1      NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          John Hancock Mutual Life Insurance Company
          I.R.S. No. 04-1414660
- --------- ------------------------------------------------------------------------------------------------------------
   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                      (a)  |_|

                                                                                 (b)  |_|
          N/A
- --------- ------------------------------------------------------------------------------------------------------------
   3      SEC USE ONLY

- --------- ------------------------------------------------------------------------------------------------------------
   4      CITIZENSHIP OR PLACE OF ORGANIZATION

          Commonwealth of Massachusetts

- --------- ------------------------------------------------------------------------------------------------------------
                   -------- ------------------------------------------------------------------------------------------
                      5     SOLE VOTING POWER
    Number of
     Shares                 -0-

                   -------- ------------------------------------------------------------------------------------------
  Beneficially        6     SHARED VOTING POWER
    Owned by
      Each                  -0-

                   -------- ------------------------------------------------------------------------------------------
    Reporting         7     SOLE DISPOSITIVE POWER
     Person
      With                  -0-

                                     -------- ------------------------------------------------------------------------
                      8     SHARED DISPOSITIVE POWER

                            -0-

                   -------- ------------------------------------------------------------------------------------------
- --------- ------------------------------------------------------------------------------------------------------------
   9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          None,  except  through its  indirect,  wholly-owned  subsidiary,  John
          Hancock Advisers, Inc.

- --------- ------------------------------------------------------------------------------------------------------------
   10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

          N/A
- --------- ------------------------------------------------------------------------------------------------------------
   11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

          See line 9, above.

- --------- ------------------------------------------------------------------------------------------------------------
   12     TYPE OF REPORTING PERSON*

          IC, IA, HC

- --------- ------------------------------------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
                                PAGE 2 OF 9 PAGES


<PAGE>


     <S>                                                                             <C>
- ---------------------------------------                                         --------------------------------------
CUSIP No.   746924109                                    13G                    Page  3  of  9  Pages
- ---------------------------------------                                         --------------------------------------
- --------- ------------------------------------------------------------------------------------------------------------
   1      NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          John Hancock Subsidiaries, Inc.
          I.R.S. No. 04-2687223
- --------- ------------------------------------------------------------------------------------------------------------
   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                      (a)  |_|

                                                                                 (b)  |_|
          N/A
- --------- ------------------------------------------------------------------------------------------------------------
   3      SEC USE ONLY

- --------- ------------------------------------------------------------------------------------------------------------
   4      CITIZENSHIP OR PLACE OF ORGANIZATION

          Delaware

- --------- ------------------------------------------------------------------------------------------------------------
                   -------- ------------------------------------------------------------------------------------------
                      5     SOLE VOTING POWER
    Number of
     Shares                 -0-

                   -------- ------------------------------------------------------------------------------------------
  Beneficially        6     SHARED VOTING POWER
    Owned by
      Each                  -0-

                   -------- ------------------------------------------------------------------------------------------
    Reporting         7     SOLE DISPOSITIVE POWER
     Person
      With                  -0-

                   -------- ------------------------------------------------------------------------------------------
                      8     SHARED DISPOSITIVE POWER

                            -0-

                   -------- ------------------------------------------------------------------------------------------
- --------- ------------------------------------------------------------------------------------------------------------
   9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          None,  except  through its  indirect,  wholly-owned  subsidiary,  John
          Hancock Advisers, Inc.
- --------- ------------------------------------------------------------------------------------------------------------
   10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

          N/A
- --------- ------------------------------------------------------------------------------------------------------------
   11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

          See line 9, above.

- --------- ------------------------------------------------------------------------------------------------------------
   12     TYPE OF REPORTING PERSON*

          HC

- --------- ------------------------------------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
                                PAGE 3 OF 9 PAGES


<PAGE>


     <S>                                                                             <C>
- ---------------------------------------                                         --------------------------------------
CUSIP No.   746924109                                    13G                    Page  4  of  9  Pages
- ---------------------------------------                                         --------------------------------------
- --------- ------------------------------------------------------------------------------------------------------------
   1      NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          The Berkeley Financial Group
          I.R.S. No. 04-3145626
- --------- ------------------------------------------------------------------------------------------------------------
- --------- ------------------------------------------------------------------------------------------------------------
   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                      (a)  |_|
         
                                                                                 (b)  |_|
          N/A
- --------- ------------------------------------------------------------------------------------------------------------
   3      SEC USE ONLY

- --------- ------------------------------------------------------------------------------------------------------------
   4      CITIZENSHIP OR PLACE OF ORGANIZATION

          Commonwealth of Massachusetts

- --------- ------------------------------------------------------------------------------------------------------------
                   -------- ------------------------------------------------------------------------------------------
                      5     SOLE VOTING POWER
    Number of
     Shares                 -0-

                   -------- ------------------------------------------------------------------------------------------
  Beneficially        6     SHARED VOTING POWER
    Owned by
      Each                  -0-

                   -------- ------------------------------------------------------------------------------------------
    Reporting         7     SOLE DISPOSITIVE POWER
     Person
      With                  -0-

                   -------- ------------------------------------------------------------------------------------------
                      8     SHARED DISPOSITIVE POWER

                            -0-

                   -------- ------------------------------------------------------------------------------------------
- --------- ------------------------------------------------------------------------------------------------------------
   9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          None, except through its direct, wholly-owned subsidiary, John Hancock
          Advisers, Inc.
- --------- ------------------------------------------------------------------------------------------------------------
   10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

          N/A
- --------- ------------------------------------------------------------------------------------------------------------
   11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

          See line 9, above.

- --------- ------------------------------------------------------------------------------------------------------------
   12     TYPE OF REPORTING PERSON*

          HC

- --------- ------------------------------------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
                                PAGE 4 OF 9 PAGES


<PAGE>


     <S>                                                                             <C>
- ---------------------------------------                                         --------------------------------------
CUSIP No.   746924109                                    13G                    Page  5  of  9  Pages
- ---------------------------------------                                         --------------------------------------
- --------- ------------------------------------------------------------------------------------------------------------
   1      NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          John Hancock Advisers, Inc.
          I.R.S. No. 04-2441573

- --------- ------------------------------------------------------------------------------------------------------------
   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                      (a)  |_|

                                                                                 (b)  |_|
          N/A
- --------- ------------------------------------------------------------------------------------------------------------
   3      SEC USE ONLY

- --------- ------------------------------------------------------------------------------------------------------------
   4      CITIZENSHIP OR PLACE OF ORGANIZATION

          Delaware

- --------- ------------------------------------------------------------------------------------------------------------
                   -------- ------------------------------------------------------------------------------------------
                      5     SOLE VOTING POWER
    Number of
     Shares                 70,000

                   -------- ------------------------------------------------------------------------------------------
  Beneficially        6     SHARED VOTING POWER
    Owned by
      Each
                            -0-
                   -------- ------------------------------------------------------------------------------------------
    Reporting         7     SOLE DISPOSITIVE POWER
     Person
      With                  70,000

                   -------- ------------------------------------------------------------------------------------------
                      8     SHARED DISPOSITIVE POWER

                            -0-

                   -------- ------------------------------------------------------------------------------------------
- --------- ------------------------------------------------------------------------------------------------------------
   9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          70,000
- --------- ------------------------------------------------------------------------------------------------------------
   10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

          N/A
- --------- ------------------------------------------------------------------------------------------------------------
   11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

          5.1%

- --------- ------------------------------------------------------------------------------------------------------------
   12     TYPE OF REPORTING PERSON*

          IA

- --------- ------------------------------------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
                                PAGE 5 OF 9 PAGES
</TABLE>


<PAGE>


         The original  statement  shall be signed by each person on whose behalf
the  statement is filed or his  authorized  representative.  If the statement is
signed  on behalf of a person by his  authorized  representative  other  than an
executive  officer or general  partner of the  filing  person,  evidence  of the
representative's  authority to sign on behalf of such person shall be filed with
the  statement,  provided,  however,  that a power of attorney  for this purpose
which is already on file with the Commission may be  incorporated  by reference.
The name and any title of each person who signs the statement  shall be typed or
printed beneath his signature.

Note: Six copies of this statement, including all exhibits, should be filed with
the Commission.

     Attention:  Intentional  misstatements  or  omissions  of  fact  constitute
Federal criminal violations (See 18 U.S.C. 1001)


         Item 1(a)    Name of Issuer:
                      QCF Bancorp Inc.

         Item 1(b)    Address of Issuer's Principal Executive Offices:
                      501 Chestnut Street
                      Virginia, MN   55792

         Item 2(a)    Name of Person Filing:
                      This filing is made on behalf of John Hancock  Mutual Life
                      Insurance   Company    ("JHMLICO"),    JHMLICO's   direct,
                      wholly-owned subsidiary,  John Hancock Subsidiaries,  Inc.
                      ("JHSI"),  JHSI's  direct,  wholly-owned  subsidiary,  The
                      Berkeley Financial Group ("TBFG") and TBFG's  wholly-owned
                      subsidiary, John Hancock Advisers, Inc. ("JHA").

         Item 2(b)    Address of the Principal Offices:
                      The  principal  business  offices of JHMLICO  and JHSI are
                      located at John Hancock Place,  P.O. Box 111,  Boston,  MA
                      02117. The principal  business offices of TBFG and JHA are
                      located at 101 Huntington  Avenue,  Boston,  Massachusetts
                      02199.

         Item 2(c)    Citizenship:
                      JHMLICO and TBFG were  organized  and exist under the laws
                      of the  Commonwealth of  Massachusetts.  JHSI and JHA were
                      organized  and  exist  under  the  laws  of the  State  of
                      Delaware.

         Item 2(d)    Title of Class of Securities:
                      Common Stock

         Item 2(e)    CUSIP Number:
                      746924109

         Item 3       If the Statement is being filed pursuant to Rule 13d-1(b),
                      or 13d-2(b),  check whether the person filing is a:
                      

                      JHMLICO:  (c) (X) Insurance Company as defined in ss.3(a)
                                        (19) of the Act.

                                (e) (X) Investment  Adviser  registered under
                                        ss.203 of the Investment Advisers Act
                                        of 1940.

                                (g) (X) Parent   Holding   Company,   in
                                        accordance with ss.240.13d-1(b)(ii)(G).

                      JHSI:     (g) (X) Parent Holding Company, in accordance 
                                        with ss.240.13d-1(b)(ii)(G).

                      TBFG:     (g) (X) Parent Holding Company, in accordance 
                                        with ss.240.13d-1(b)(ii)(G).

                      JHA:      (e) (X) Investment Adviser registered under 
                                        ss.203 of the Investment Advisers Act of
                                        1940.


                                            PAGE  6  OF  9  PAGES

<PAGE>




         Item 4       Ownership:

                      (a)    Amount   Beneficially   Owned:   JHA   has   direct
                             beneficial  ownership  of  70,000  shares of Common
                             Stock. Through their parent-subsidiary relationship
                             to JHA,  JHMLICO,  JHSI  and  TBFG  have  indirect,
                             beneficial  ownership of these same shares.  70,000
                             shares are held by the John Hancock  Regional  Bank
                             Fund, an open-end  diversified  management  company
                             registered  under  ss.8 of the  Investment  Company
                             Act.

                      (b)    Percent of Class:  5.1%

                      (c) (i) sole power to vote or to direct the vote:
                              JHA has  sole  power to vote or  direct  the
                              vote of the  70,000  shares of Common  Stock
                              under the Advisory Agreement as follows:

                                                               Date of
                                                  Number       Advisory
                          Fund Name               of  Shares   Agreement
                          John Hancock Regional 
                          Bank Fund                70,000       July 1, 1996

                          (ii)  shared power to vote or to direct the vote:  -0-

                          (iii)  sole  power  to  dispose  or to  direct  the
                                 disposition   of:  JHA  has  sole  power  to
                                 dispose or to direct the  disposition of the
                                 70,000  shares  of  Common  Stock  under the
                                 Advisory  Agreement  noted  in Item  4(c)(i)
                                 above.

                          (iv)   shared power to dispose or to direct the 
                                 disposition of:     -0-

         Item 5       Ownership of Five Percent or Less of a Class:
                      Not applicable.

         Item 6       Ownership of More than Five Percent on Behalf of Another 
                      Person:  See Item 4.

         Item 7       Identification  and  Classification  of the  Subsidiary
                      which  Acquired  the  Security  Being  Reported  on by the
                      Parent Holding Company:
                      See Items 3 and 4 above.

         Item 8       Identification and Classification of Members of the Group:
                      Not applicable.

         Item 9       Notice of Dissolution of a Group:
                      Not applicable.

         Item 10      Certification:


     By  signing  below  the  undersigned  certifies  that,  to the  best of its
knowledge  and belief,  the  securities  referred to above were  acquired in the
ordinary  course of business and were not acquired for the purpose of and do not
have the effect of  changing  or  influencing  the control of the issuer of such
securities  and were not acquired in connection  with or as a participant in any
transaction having such purpose or effect.


                               PAGE 7 OF 9 PAGES

<PAGE>
                                
                                   SIGNATURE

         After  reasonable  inquiry and to the best of its knowledge and belief,
each of the  undersigned  certifies  that  the  information  set  forth  in this
statement is true, complete and correct.


                                      John Hancock Mutual Life Insurance Company
                                      By:     /s/John T. Farady
                                              ----------------------------------
                                      Name:   John T. Farady
Dated: January 21, 1998               Title:  Senior Vice President & Treasurer


                                      John Hancock Subsidiaries, Inc.
                                      By:      /s/John T. Farady
                                               ---------------------------------
                                      Name:    John T. Farady
Dated: January 21, 1998               Title:   Treasurer



                                      The Berkeley Financial Group
                                      By:      /s/ Susan S. Newton
                                               ---------------------------------
                                      Name:    Susan S. Newton
Dated: January 21, 1998               Title:   Vice President


                                      John Hancock Advisers, Inc.
                                      By:      /s/Susan S. Newton
                                               ---------------------------------
                                      Name:    Susan S. Newton
Dated: January 21, 1998               Title:   Vice President









                                PAGE 8 OF 9 PAGES


<PAGE>


EXHIBIT A
                             JOINT FILING AGREEMENT

         John Hancock Mutual Life Insurance Company,  John Hancock Subsidiaries,
Inc., The Berkeley  Financial Group and John Hancock  Advisers,  Inc. agree that
the Initial  Schedule 13G, to which this Agreement is attached,  relating to the
Common Stock of QCF Bancorp Inc. is filed on behalf of each of them.



                                      John Hancock Mutual Life Insurance Company
                                      By:     /s/John T. Farady
                                              ----------------------------------
                                      Name:   John T. Farady
Dated: January 21, 1998               Title:  Senior Vice President & Treasurer


                                      John Hancock Subsidiaries, Inc.
                                      By:      /s/John T. Farady
                                               ---------------------------------
                                      Name:    John T. Farady
Dated: January 21, 1998               Title:   Treasurer



                                      The Berkeley Financial Group
                                      By:      /s/ Susan S. Newton
                                               ---------------------------------
                                      Name:    Susan S. Newton
Dated: January 21, 1998               Title:   Vice President


                                      John Hancock Advisers, Inc.
                                      By:      /s/Susan S. Newton
                                               ---------------------------------
                                      Name:    Susan S. Newton
Dated: January 21, 1998               Title:   Vice President







                                PAGE 9 OF 9 PAGES



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